Analog Devices stock moved lower in the latest trading session, even as the major averages pushed higher. Shares of the semiconductor maker closed at $406.24, a decline of 3.23%, while the S&P 500 added 1.58%. The Dow Jones Industrial Average rose 3.03%, and the Nasdaq Composite gained 1.44%.
A Month of Outperformance Despite the Daily Drop
The single-session loss contrasts with a stronger recent stretch for Analog Devices stock. Over the past month, shares have dipped just 0.18%, a far better result than the Computer and Technology sector, which lost 12.04% over the same period. The S&P 500 declined 1.97% during that month. The comparison suggests that while ADI fell short of the broader market on the day, it has held up better than its sector and the index over the past four weeks.
Earnings Report Set for November 24
Investors are now turning their attention to the company’s next earnings release, scheduled for November 24, 2026. Consensus estimates point to earnings per share of $3.89, which would represent growth of 72.12% from the same quarter a year earlier. Revenue is projected at $4.32 billion, up 40.58% year over year.
For the full fiscal year, the Zacks Consensus Estimates call for earnings of $13 per share and revenue of $15.13 billion. Those figures would translate to year-over-year growth of 66.88% in earnings and 37.27% in revenue.
Analyst Estimates Point to Confidence
Recent revisions to analyst estimates can offer clues about near-term business trends. Upward revisions generally reflect growing optimism about a company’s operations and its ability to generate profits. According to research cited by Zacks, these estimate changes are directly linked to stock price performance in the near term.
The consensus EPS projection for Analog Devices has moved 1.6% higher over the past 30 days. The stock currently carries a Zacks Rank of #2 (Buy). The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell) and has an outside-audited track record of outperformance, with #1-ranked stocks averaging a 25% annual return since 1988.
Valuation: A Discount to the Industry
Analog Devices trades at a forward P/E ratio of 25.33, below the industry average of 27.75. That represents a discount for investors comparing the stock with peers. The company’s PEG ratio stands at 1.01. The PEG ratio is similar to the P/E ratio but also accounts for expected earnings growth. As of the previous market close, the Semiconductor – Analog and Mixed industry had an average PEG ratio of 0.66.
The industry itself sits within the Computer and Technology sector and currently holds a Zacks Industry Rank of 11. That places it in the top 5% of more than 250 industries. The Zacks Industry Rank is calculated from the average Zacks Rank of the individual stocks within each group. Research cited by Zacks shows that the top 50% of rated industries outperform the bottom half by a factor of two to one.
What to Watch
With earnings less than three weeks away, the key metrics for Analog Devices stock will be whether the company meets the consensus EPS and revenue figures and whether analysts continue to revise estimates higher. The stock’s valuation relative to its industry and its Zacks Rank will also remain in focus as investors weigh the upcoming report against the recent trading performance.