---
title: "These Analysts Revise Their Forecasts On Analog Devices After Q3 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296515974.md"
description: "Analog Devices reported strong Q3 earnings, beating estimates with $3.45 EPS and $4.02B revenue. Q4 guidance also exceeded consensus. Following the results, analysts revised price targets: Needham raised to $450, Bernstein upgraded to Outperform with a $465 target, while Wells Fargo lowered its target to $500."
datetime: "2026-08-20T15:51:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296515974.md)
  - [en](https://longbridge.com/en/news/296515974.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296515974.md)
generator: "portal-rs"
---

# These Analysts Revise Their Forecasts On Analog Devices After Q3 Earnings

**Analog Devices Inc.** (NASDAQ:ADI) on Wednesday reported upbeat third-quarter results and issued strong fourth-quarter guidance.

Analog Devices reported adjusted earnings of $3.45 per share, beating the analyst estimate of $3.33. Revenue rose 40% year over year to $4.02 billion, beating the $3.92 billion consensus estimate.

Analog Devices forecast fourth-quarter adjusted earnings of $3.71 to $4.01 per share, beating the analyst consensus estimate of $3.54 at the midpoint. The company projected revenue of $4.20 billion to $4.40 billion, beating the $4.07 billion consensus estimate at the midpoint.

“ADI delivered a strong third quarter, exceeding the midpoint of our revenue, margin, and earnings outlook as we capitalized on broad-based demand,” said Vincent Roche, CEO and Chair.  “We continue to extend our leadership through a powerful combination of innovation, deep customer collaboration, and manufacturing agility.  Our investments in these foundational areas, combined with the trust we have built over decades, provide a unique advantage to create, deliver, and capture value in the AI era – for customers and investors alike.”

Analog Devices shares gained 1.1% to trade at $377.17 on Thursday.

These analysts made changes to their price targets on Analog Devices following earnings announcement.

-   Needham analyst N. Quinn Bolton maintained the stock with a Buy and raised the price target from $440 to $450.
-   Wells Fargo analyst Joe Quatrochi maintained the stock with an Overweight rating and lowered the price target from $515 to $500.
-   Bernstein analyst Stacy Rasgon upgraded the stock from Market Perform to Outperform and raised the price target from $430 to $465.

**Considering buying ADI stock? Here’s what analysts think:**

*Photo via Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**