Analog Devices, Inc. (NASDAQ:ADI) is one of the Best Technology Stocks to Buy for the Long Term. On March 3, Analog Devices, Inc. (NASDAQ:ADI) presented at Morgan Stanley’s Technology, Media & Telecom Conference.

During the conference, the company highlighted nine consecutive quarters of above-seasonal performance across ATE, aerospace, and automotive markets. Management noted that they are targeting to improve the current gross margins of 71% to 74%, driven by increase in prices and enhancements.

The company is also targeting a 200 basis point increase in operating margins for fiscal Q2 and has allocated 16% of its revenue for research and development. Operationally, the Analog Devices, Inc. (NASDAQ:ADI)’s ATE segment grew over 40% year-over-year in 2025, while the data center business expanded, driven by increased CapEx. Looking ahead, management expects strong tailwinds from AI capital spending to boost the ATE segment.

A semiconductor. Photo by Tima Miroshnichenko on Pexels

Analog Devices, Inc. (NASDAQ:ADI) is a U.S. semiconductor company specializing in high‑performance chips that power industrial, automotive, communications, and defense applications.

While we acknowledge the potential of ADI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Follow Insider Monkey on Google News.