ADIADI ADI fair value $136–$285

ADI trades against a final fair-value range of $135.63-$284.54, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.

• Cycle upside
  Accelerated electrification and industrial automation drives short-term capacity bookings and premium pricing power.

Under severe macro softness, ADI's automotive and industrial segments stall. Without the 27.1% Year 1 revenueRevenueRevenue is an income-statement line item used to reconcile revenue to operating profit, pre-tax income, net income, or per-share earnings. It should be compared across periods and against peer disclosure conventions. rebound, operating leverageLeverageThe proportion of debt in the company's capital structure. Commonly measured as Debt/EBITDA, Debt/Equity, or Net Debt/EBITDA. works in reverse, compressing EBITEBITEBIT is an income-statement line item used to reconcile revenue to operating profit, pre-tax income, net income, or per-share earnings. It should be compared across periods and against peer disclosure conventions. margins below 30%. Terminal multipleTerminal multipleThe exit P/E or EV/EBITDA we apply to the final year of an explicit forecast. Anchored to the business's long-run quality and the prevailing risk-free rate. reverts to 14x, pushing fair valueFair valueOur composite estimate of intrinsic per-share value, blended across DCF, exit-multiple, and reverse-DCF methods. Reported as a low/mid/high range to capture model uncertainty. toward the $135 downside extreme.