The paradox of analysis has been a problem for analytic philosophers at least since Moore’s time, and it is especially significant for those who seek an account of analysis along classical lines. The present paper offers a new solution to the paradox, where a theory of analysis is given where (1) analysandum and analysans are distinct concepts, due to their failing to share the same conceptual form, yet (2) they are related in virtue of satisfying various semantic constraints on the (...) analysis relation. Rather than distinguish between analysandum and analysans by appeal to epistemic considerations, the paper appeals to semantic considerations in giving a candidate account of the identity conditions for concepts. The distinctness of analysandum and analysans then serves to block the paradox in a straightforward way. (shrink)