New York, March 1, 2026, 13:57 (EST) — Market closed
- ADI ended Friday at $355.79, gaining 0.41% even as the broader U.S. market struggled.
- Investors eye both ADI’s CFO appearance on March 3 and the company’s March 3 dividend record date.
- Key macro hurdles ahead: U.S. ISM manufacturing data drops March 2, with the February jobs report close behind on March 6.
Analog Devices (ADI) eked out a 0.41% gain to end Friday at $355.79, bucking the broader drop in U.S. stocks and outperforming big-chip names. NXP Semiconductors was down 2.25%. Qualcomm slipped 2.22%. The S&P 500 finished the day off 0.43%. 1
The shares remain influenced by Analog Devices’ Feb. 18 numbers, which brought a dividend increase and a stronger near-term forecast. “Robust first quarter built upon the strong position and momentum,” CEO Vincent Roche said. But CFO Richard Puccio flagged a “macro and geopolitical backdrop [that] remains challenging.” For the second quarter, ADI is projecting revenue in the $3.5 billion range, give or take $100 million, and sees adjusted (non-GAAP) EPS landing around $2.88—a figure that excludes certain items. The $1.10 dividend goes to holders of record as of March 3, with payment set for March 17. 2
ADI’s CFO Richard Puccio is set to appear at Morgan Stanley’s Technology, Media and Telecom Conference in San Francisco, slated for Tuesday, March 3 at 10:00 a.m. PST. The event, according to the company, will stream live via its investor website. 3
Friday brought a choppy ride for ADI. Shares kicked off at $351.29, jumped to $356.03, and slipped to $346.57 before closing up for the day. Roughly 6.1 million shares traded hands. 4
The stock changed hands at $354.65 in late Friday after-hours moves, off 0.32%, MarketWatch data show. 5
Even after the earnings, some analysts see more upside. Susquehanna’s Christopher Rolland described fiscal 2026 as a “banner year” and highlighted a “broad-based cyclical upturn” fueled by AI demand, Investor’s Business Daily reported. 6
This week, it’s the macro headlines that might steer the chip sector. The ISM manufacturing PMI—those numbers drop the first business day each month, and this time, it’s set for Monday at 10:00 a.m. ET. 7
The U.S. Employment Situation report for February lands Friday at 8:30 a.m. ET, a potential catalyst for Treasury yields and rate forecasts—moves that frequently ripple through high-multiple tech and chip stocks first. 8
The Federal Reserve will release its Beige Book at 2:00 p.m. ET on Wednesday, serving up a fresh read on regional growth and pricing trends before the mid-March policy gathering. 9
Analog Devices plans to hold its annual meeting in Boston on March 11, according to a proxy statement. That adds another key date for shareholders looking to press the company on issues like demand, margins, and buybacks. 10
But this setup isn’t a one-way street. Stronger U.S. data might drive yields up, squeezing chip valuations. If data-center orders show any slowdown after their recent spike, ADI’s rally could get tested.
Come Monday, attention turns to whether Friday’s relative strength sticks as the market opens again. Looking ahead, Puccio’s March 3 appearance stands out as the next obvious ADI trigger. As for the macro front, Friday’s jobs report is shaping up as the number one candidate to shake things up.
