Analog Devices stock rises as data center growth broadens

Analog Devices stock traded at USD 385.77 on Nasdaq at 12:18 p.m. EDT on September 23, 2026, up USD 2.77 or 0.72 percent from the USD 383.00 prior close. The move follows a company growth update centered on data centers, industrial recovery, aerospace and defense, and automated test equipment.

Data center revenue doubles

According to MarketBeat on September 22, 2026, Analog Devices said data center revenue was growing about 100 percent year over year. The same report said the business was running at an annualized revenue rate of about USD 2 billion, split roughly equally between power and optical products.

The update also placed aerospace and defense near a USD 2 billion annualized revenue run rate at the fiscal third-quarter exit, compared with approximately USD 1 billion a year earlier. That comparison points to a USD 1 billion increase in annualized revenue, although the source describes run rates rather than reported quarterly revenue.

Margins and inventory remain key

Analog Devices expects double-digit growth into fiscal 2027, while more than half of its industrial subsegments remained double digits below historical consumption levels, according to MarketBeat on September 22, 2026. This creates a measurable split between fast-growing data center and defense demand and a broader industrial market that has not fully recovered.

The company expects a record gross margin in the fiscal fourth quarter and reaffirmed a long-term free-cash-flow margin model of 34 percent to 40 percent of revenue, according to MarketBeat on September 22, 2026. The margin outlook is important because the company is rebuilding inventory while channel inventory remains slightly below its target of six to seven weeks.

Stock remains below yearly high

The Nasdaq quote of USD 385.77 on September 23, 2026, stood USD 60.14 below the 52-week high of USD 445.91 and USD 162.30 above the 52-week low of USD 223.47. The current price was therefore 13.5 percent below the yearly high, based on the same quote snapshot.

Yahoo Finance listed a market capitalization of USD 186.931 billion and volume of 680,635 shares as of September 23, 2026, at 12:18 p.m. EDT. The platform also showed fiscal third-quarter revenue of USD 4.02 billion and earnings of USD 1.34 billion, providing a current period reference alongside the market data.

Price holds above prior close

Analog Devices stock was at USD 385.77 on Nasdaq as of September 23, 2026, at 12:18 p.m. EDT, compared with the USD 383.00 prior close. The dated price, the 0.72 percent session gain, and the USD 186.931 billion market capitalization frame the stock while investors assess whether data center strength can offset the still uneven industrial recovery.

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