New York, Feb 21, 2026, 15:02 EST — The session’s over; market closed.
- Analog Devices ended Friday up 2.8%, closing at $355.03.
- After the company’s forecast topped estimates, investors continued to bake in expectations for a stronger quarter, driven by industrial and data-center demand.
- Up next: CFO Richard Puccio heads to Morgan Stanley’s TMT conference on March 3.
Analog Devices Inc saw its shares gain 2.8% Friday, closing at $355.03. That puts the stock close to the upper end of its latest trading band as the weekend break arrives. U.S. markets will resume on Monday.
This shift is notable: analog chip makers are plugged in near factory operations and power infrastructure, not just the headline-grabbing side of semiconductors. Changes in their order trends can tip off a wider pivot in industrial appetite and data-center expansion.
Right now, investors are buying into the notion that the sector’s inventory reset is winding down, while spending on AI-related infrastructure keeps coming. Analog chips—crucial for power management and signal processing, the guts of servers and networks—have become a major focus for demand signals.
Analog Devices topped the iShares Semiconductor ETF’s roughly 1% advance on Friday. Texas Instruments picked up 0.8%, Microchip Technology rose 0.7%. The QQQ and SPY, which track tech and the S&P 500, each moved up as well.
Shares pushed up again after Analog Devices posted its quarterly outlook this week. The company put fiscal second-quarter revenue at $3.5 billion, give or take $100 million, topping the $3.23 billion analyst consensus from LSEG. Adjusted earnings? $2.88 a share, plus or minus 15 cents. (Reuters)
Bookings in the first quarter climbed, CFO Richard Puccio said, driven by solid gains across industrial and “record orders” from the data-center side. “While the macro and geopolitical backdrop remains challenging, our revenue outlook for the second quarter reflects a new high watermark for ADI,” he said. (Analog Devices)
First-quarter revenue landed at $3.16 billion, with adjusted earnings coming in at $2.46 a share. Analog Devices bumped its quarterly dividend up by 11%, now $1.10 per share, payable March 17 to investors registered as of March 3. (Analog Investor)
Since the report, analysts have been raising their targets, highlighting both the recovery’s momentum and a robust data-center pipeline. Needham’s Quinn Bolton, quoted in an Investors.com piece, said the firm “could no longer ‘justify remaining on the sidelines,’” and set a $400 price target. (Investors)
Puccio is on the agenda to speak March 3 at Morgan Stanley’s Technology, Media and Telecom conference in San Francisco. Analog Devices said investors can catch the webcast via its IR site. (Analog Devices)
Still, there’s risk in the mix. As the share price has climbed, so have expectations. If industrial buyers start holding back on orders, or if major cloud players decide to rein in data-center spending, that could put pressure on a stock outlook that’s pulling more weight lately.
On Monday, eyes will be on ADI to see if shares can stay above Friday’s finish and close to the session peak. Any new analyst commentary could sway sentiment, either boosting or cooling the current optimism. March 3 is circled on calendars for two reasons: Morgan Stanley’s event and the dividend record date both hit then.
