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Feb 19, 2026 12:01 PM

Analog Devices Sees Massive Q2 Upside Driven By AI Infrastructure Boom

Analog Devices Inc (NASDAQ:ADI) on Wednesday reported upbeat fiscal first-quarter results.

Here are the key analyst insights:

JPMorgan analyst Harlan Sur maintained an Overweight rating, while raising the price target from $320 to $400.

KeyBanc Capital Markets analyst John Vinh reiterated an Overweight rating, while taking the price target higher from $375 to $430.

Check out other analyst stock ratings.

JPMorgan: Analog Devices released "another solid set of results and guidance," driven by "strong growth in the AI infrastructure-levered Data Center segment" and Wireless momentum, Sur said in a note. Revenues came in at $3.16 billion, up 3% sequentially and 30% year-on-year, topping consensus of $3.12 billion, he added.

Momentum remained strong into the fiscal second quarter, backed by "sustained strong ...