<PAGE>   1

<TABLE>
<S>                                                                              <C>
                                                                                        OMB APPROVAL
                                UNITED STATES                                    OMB number:        3235-0145
                     SECURITIES AND EXCHANGE COMMISSION                          Expires:    October 31, 1994
                           WASHINGTON, D.C.  20549                               Estimated average burden
                                                                                 hours per response . . 14.90
                                SCHEDULE 13G
        
                  UNDER THE SECURITIES EXCHANGE ACT OF 1934
         
                                              
                             (AMENDMENT NO. 2)*
                                           ---
                                                   


                             ANALOG DEVICES INC.
                             -------------------
                              (Name of Issuer)

                                   COMMON
                       ------------------------------
                       (Title of Class of Securities)

                                 032654105
                               -------------- 
                               (CUSIP Number)
</TABLE>
                                                              

Check the following box if a fee is being paid with this statement [ ].  (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





SEC 1745 (2/92)                    Page 1 of 4 pages

<PAGE>   2
CUSIP No. 032654105                      13G                  Page 2 OF 4 PAGES


       NAME OF REPORTING PERSON
   1   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       THE CAPITAL GROUP, INC.
       86-0206507

       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   2                                                     (a) [ ]
                                                         (b) [ ]

       SEC USE ONLY
   3

       CITIZENSHIP OR PLACE OF ORGANIZATION
   4
       DELAWARE

                                   SOLE VOTING POWER
                              5 
                                      
         NUMBER OF                 3,750
                                       
          SHARES
                           -------------------------------------------------
       BENEFICIALLY                SHARED VOTING POWER
                              6
         OWNED BY                  NONE
                  
           EACH            -------------------------------------------------
                                   SOLE DISPOSITIVE POWER
         REPORTING            7
                                      
          PERSON                   2,813,750
                                       
           WITH            -------------------------------------------------
                                   SHARED DISPOSITIVE POWER
                              8
                                   NONE
                           -------------------------------------------------
       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   9
          
       2,813,750  Beneficial ownership disclaimed pursuant to Rule 13d-4
           

       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  10

       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  11
          
       5.73%
           

       TYPE OF REPORTING PERSON*
  12
       HC


                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 2 of 4 pag

<PAGE>   3
CUSIP No.  032654105                13G              Page 3 OF 4 PAGES


       NAME OF REPORTING PERSON
   1   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       CAPITAL RESEARCH AND MANAGEMENT COMPANY
       95-1411037

       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
   2                                                      (a) [ ]
                                                          (b) [ ]

       SEC USE ONLY
   3

       CITIZENSHIP OR PLACE OF ORGANIZATION
   4
       DELAWARE

                                   SOLE VOTING POWER
                              5
         NUMBER OF                 NONE

          SHARES           -------------------------------------------
                                   SHARED VOTING POWER
       BENEFICIALLY           6
                                   NONE
         OWNED BY
                           -------------------------------------------
           EACH                    SOLE DISPOSITIVE POWER
                              7
         REPORTING                 2,810,000

          PERSON           -------------------------------------------
                                   SHARED DISPOSITIVE POWER
           WITH               8
                                   NONE
                           -------------------------------------------

       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   9
       2,810,000  Beneficial ownership disclaimed pursuant to Rule 13d-4

       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  10

       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  11
          
       5.72%
           

       TYPE OF REPORTING PERSON*
  12
       IA


                      *SEE INSTRUCTION BEFORE FILLING OUT!



                               Page 3 of 4 pages

<PAGE>   4
                                                                          Page 4
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC  20549

                                  Schedule 13G
                   Under the Securities Exchange Act of 1934


                                     
Fee enclosed [ ]  or Amendment No. 2
                                  ---
                                      

Item 1(a)        Name of Issuer:
                 Analog Devices Inc.
                 -------------------

Item 1(b)        Address of Issuer's Principal Executive Offices:
                 One Technology Way
                 -------------------
                 Box 9106
                 --------
                 Norwood, MA  02062
                 ------------------
   
Item 2(a)        Name of Person(s) Filing:
                 The Capital Group, Inc. and Capital Research and Management
                 -----------------------------------------------------------
                 Company
                 -------
                 
Item 2(b)        Address of Principal Business Office:
                 333 South Hope Street
                 ---------------------
                 Los Angeles, CA  90071
                 ----------------------

Item 2(c)        Citizenship:   N/A 

Item 2(d)        Title of Class of Securities:  Common

Item 2(e)        CUSIP Number:  032654105

Item 3           The person(s) filing is(are):

                 (b)         [ ]         Bank as defined in Section 3(a)(6) of
                                         the Act.
                 (e)         [x]         Investment Adviser registered under 
                                         Section 203 of the
                                         Investment Advisers Act of 1940.
                 (g)         [x]         Parent Holding Company in accordance 
                                         with Section 240.13d-1(b)(1)(ii)(G).

Item 4           Ownership

                 (a)         Amount Beneficially Owned:                        
                             See item 9, pg. 2and 3
                             -----------------------
                 (b)         Percent of Class:  See item 11, pg. 2 and 3
                                                ------------------------
                 (c)         Number of shares as to which such person has:
                             
                             i)          sole power to vote or to direct the 
                                         vote  See item 5, pg. 2 and 3
                                               -----------------------
                             ii)         shared power to vote or to direct the
                                         vote  None
                                               ----
                             iii)        sole power to dispose or to direct the
                                         disposition of See item 7, pg. 2 and 3
                                                        -----------------------
                             iv)         shared power to dispose or to direct 
                                         the disposition of None - beneficial
                                                            -----------------
                                         ownership disclaimed pursuant to
                                         -------------------------------
                                         Rule 13d-4
                                         ----------

Item 5           Ownership of 5% or Less of a Class:  N/A
                                                      ---

Item 6           Ownership of More than 5% on Behalf of Another Person:  N/A
                                                                         ---

Item 7           Identification and Classification of the Subsidiary Which
                 ---------------------------------------------------------
                 Acquired the Security Being Reported on By the Parent Holding
                 -------------------------------------------------------------
                 Company
                 -------

                 (1)         Capital Research and Management Company is an 
                             Investment Adviser registered under Section 203 
                             of the Investment Advisers Act of 1940 and is a 
                             wholly owned subsidiary of The Capital Group, Inc.
                 (2)         Capital Guardian Trust Company is a Bank as 
                             defined in Section 3(a)(6) of the Act and a wholly 
                             owned subsidiary of The Capital Group, Inc.

Item 8           Identification and Classification of Members of the Group: N/A
                                                                            --- 

Item 9           Notice of Dissolution of the Group:  N/A
                                                      ---

Item 10          Certification
                 -------------

        By signing be certify that, to the best of my knowledge and  belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.

                 Signature
                 ---------

        After reasonable inquiry and to the best of my knowledge and 
belief, I certify that the information set forth in this statement is true, 
complete and correct.

          
Date:  February 11, 1994
           

Signature:      /s/ Philip de Toledo
                -------------------------------------------------------------

Name/Title:     Philip de Toledo, Vice President and Treasurer
                -------------------------------------------------------------

                The Capital Group, Inc.
                -------------------------------------------------------------

          
Date:  February 11, 1994
           

Signature:      /s/ Paul G. Haaga, Jr.
                -------------------------------------------------------------

Name/Title:     Paul G. Haaga, Jr., Senior Vice President
                -------------------------------------------------------------

                Capital Research and Management Company
                -------------------------------------------------------------


<PAGE>   5
                                         AGREEMENT



                                         Los Angeles, California
                                            
                                         February 11, 1994
                                             

                 Capital Research and Management Company ("CRMC") and The
Capital Group, Inc. ("CG") hereby agree to file a joint statement on Schedule
13G under the Securities Exchange Act of 1934 (the "Act") in connection with
their beneficial ownership of common stock issued by Analog Devices Inc.

                 CRMC and CG state that they are both entitled to individually
use Schedule 13G pursuant to Rule 13d-1(c) of the Act.

                 Both CRMC and CG are responsible for the timely filing of the
statement and any amendments thereto, and for the completeness and accuracy of
the information concerning each of them contained therein but neither is
responsible for the completeness or accuracy of the information concerning the
other.

                                         CAPITAL RESEARCH AND MANAGEMENT COMPANY



                                         BY:  /s/ Paul G. Haaga, Jr.        
                                              ---------------------------------
                                              Paul G. Haaga, Jr.
                                              Senior Vice President


                                         THE CAPITAL GROUP, INC.



                                         BY:  /s/ Philip de Toledo        
                                              ---------------------------------
                                              Philip de Toledo
                                              Vice President and Treasurer





                                         EXHIBIT A