Analog Devices

ADI

Market cap $191B

Analog Devices is well-positioned for a fiscal Q3 beat, driven by robust Industrial and Communications segment growth. Despite strong fundamentals and accelerating revenue, ADI's current valuation already reflects much of the good news, prompting a wait-and-see approach. ADI's diversified end markets and limited direct AI exposure provide resilience, but its ROIC still lags behind closest peer TXN, justifying a valuation gap.

Analog semis just flashed the clearest cycle-turn signal in three years, and the price action is confirming it: ON Semiconductor (NASDAQ:ON | ON Price Prediction) is up 69.24% year to date through July 10, and it isn't even the best performer on this list.

QCOM and MPWR are expanding AI-focused semiconductor portfolios as both pursue growth in data centers, servers and emerging AI markets.

The latest trading day saw Analog Devices (ADI) settling at $393.64, representing a +2.14% change from its previous close.

Stock screening is especially useful when considering the thousands of stocks to choose from, though it can often overwhelm investors.

Analog Devices (ADI) concluded the recent trading session at $379.03, signifying a -2.52% move from its prior day's close.

AI-driven chip demand is fueling record semiconductor sales in 2026. See why ADI, MCHP, TXN and TSM stand out as stocks with growth potential.

WILMINGTON, Mass., July 7, 2026 /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its acquisition of Empower Semiconductor.

Semis put in a powerful performance in Q2 2026 thanks to things going its way, which more than made up for what happened in Q1 2026. It is not the only thing that matters, but if semis are to add to gains in H2 2026, AI will need to keep driving growth forward. The AI thesis remains intact, but recent developments leave open the possibility the thesis could still turn out to be flawed.

CMI, ADI, WYY, BBCP and YOU have been added to the Zacks Rank #1 (Strong Buy) List on July 2, 2026.