Analog Devices stock gains 3.10 percent after quarterly beat

Published on 10/04/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analog Devices stock delivered USD 4.02 billion in fiscal Q3 2026 revenue, up 39.2 percent year over year. EPS reached USD 3.45 against USD 3.34 consensus.

Bauhaus-Designposter mit Primärfarben, Kreisen und dem Text SEMICONDUCTOR — Analog Devices Inc. US0326541051 Bauhaus-Poster mit geometrischen Primärfarben und dem Sektor-Text SEMICONDUCTOR, Illustration mit AI erstellt.

Analog Devices stock (ISIN US0326541051) gained 3.10 percent to USD 417.15 on Nasdaq at the October 2, 2026 close. The move followed fiscal Q3 2026 revenue of USD 4.02 billion and earnings per share of USD 3.45, keeping quarterly execution at the center of the valuation debate.

Quarterly revenue rises 39.2 percent

According to MarketBeat on October 2, 2026, Analog Devices reported fiscal Q3 EPS of USD 3.45 against consensus of USD 3.34. Revenue reached USD 4.02 billion versus the USD 3.92 billion estimate, while year-over-year revenue growth was 39.2 percent.

The operating figures supplied by the financial statements show consolidated net income of USD 1.34 billion and an operating margin of 40 percent for Q3 2026. Compared with Q2 2026 revenue of USD 3.62 billion, the latest quarter increased by USD 398.4 million, or 11.0 percent.

Analyst target stays above the stock

MarketBeat reported that Goldman Sachs reaffirmed a Buy rating and lifted its price objective from USD 450.00 to USD 480.00 on August 19, 2026. The same report put the broader average target at USD 460.09, which is USD 42.94 above the October 2 price, or 10.3 percent higher.

That valuation gap is balanced by a clear risk factor. Simply Wall St wrote on October 2, 2026 that competition from lower-cost analog suppliers and possible escalation in US China trade restrictions could challenge the positive outlook.

Stock remains below its yearly high

Analog Devices stock had a 52-week range of USD 223.47 to USD 445.91 on October 2, 2026. Its USD 417.15 close stood USD 28.76, or 6.4 percent, below the high, while the session volume was 2,623,345 shares and market capitalization was USD 202.1 billion.