Analog Devices (ADI) reported an 18.8% year-over-year growth in its consumer segment for fiscal 2025, fueled by increasing demand for high-quality consumer electronics, including earbuds, hearables, and wearables. The hearables market is projected to grow at a CAGR of 18.5% from 2025 to 2035, while the wearables market is expected to grow at a CAGR of 13.6% from 2025 to 2030, according to industry reports.
ADI’s revenue growth is complemented by a strong performance in semiconductor products catering to the smartphone market, anticipated to expand at a CAGR of 7.3% until 2029. Moreover, shares of ADI have increased 24.8% over the past six months, outpacing the Semiconductor – Analog and Mixed industry growth of 18.3%. The company currently holds a forward price-to-sales ratio of 11.28X, higher than the industry average of 8.82X.
The Zacks Consensus Estimate anticipates ADI’s earnings to grow by 28.5% in fiscal 2026 and 12.85% in fiscal 2027, reinforcing its status with a Zacks Rank #1 (Strong Buy).
