Analog Devices, Inc. (NASDAQ:ADI) is one of the Best Growth Stocks to Buy and Hold for the Next Decade.
Analog Devices, Inc. (NASDAQ:ADI) has gained more than 60% over the past 6 months
ADI has benefitted from strong second-quarter earnings and robust demand from data centers. The company posted fiscal Q2 2026 earnings on May 20. Revenue for the quarter reached $3.62 billion and surpassed the $3.5 billion expectations.
The EPS of $3.09 also topped expectations of $2.91. The growth was driven by the Industrial business segment, which grew 56% year-over-year, while the communication segment saw a 79% year-over-year revenue increase, driven by a 90% jump in data center sales as demand for AI infrastructure continues to scale. On June 8, BofA hosted 37 semiconductor management teams at its 2026 Tech Conference.