Analog Devices Approaches All-Time High...Founder Sells, CEO Increases Stake

Analog Devices, Inc. (ADI) reported $3.16 billion in revenue for the first quarter of fiscal 2026, a 30 percent increase year-over-year. Supported by adjusted earnings per share of $2.46 and strong cash flow, the company raised its quarterly dividend by 11 percent to $1.10 per share.

Over February 4–5, founder Ray Stata executed a pre-arranged Rule 10b5-1 trading plan, selling approximately 5,200 common shares in the open market and netting about $1.66 million (roughly ₩2.2 billion). His direct holding fell to the low 120,000-share range, though including shares registered to his spouse he still indirectly holds more than 600,000 shares.

On February 2, Chairman and CEO Vincent Roche exercised 10,000 stock options at a strike price of $94.41 and immediately sold the same number of shares at about $306.92, generating roughly $3.07 million (about ₩4.1 billion) in proceeds. Despite the sale, his net holdings increased by about 10,000 shares, bringing his direct stake to approximately 165,000 shares.

After beating Wall Street’s first-quarter expectations and raising guidance for the second quarter, ADI’s stock jumped 7–9 percent in pre-market trading on February 18. With a year-to-date gain exceeding 20 percent, the shares are trading near all-time highs. Beginning February 1, the company also implemented phased price increases—10–15 percent on commercial products, 15 percent on industrial products, and up to 30 percent on certain military-grade products—aligning with a broader industry trend toward structural price hikes.

Headquartered in Massachusetts, Analog Devices is a leading global analog semiconductor company that generated over $11 billion in sales in fiscal 2025. Alongside Texas Instruments, it ranks among the top players in analog and mixed-signal chips for industrial, automotive, communications and data center applications. Founder Ray Stata has long driven the company’s growth and governance, while CEO Vincent Roche continues to emphasize research and development and capital returns to capitalize on the analog market’s recovery and rising data center and AI demand.