Daniel Ueltschi Analyticity in Hubbard models (106K, LaTeX 2e with 7 PS Figures) ABSTRACT. The Hubbard model describes a lattice system of quantum particles with local (on-site) interactions. Its free energy is analytic when beta t is small, or beta t^2 /U is small. Here, beta is the inverse temperature, U the on-site repulsion and t the hopping coefficient. For more general models with Hamiltonian H = V + T where V involves local terms only, the free energy is analytic when beta ||T|| is small, irrespectively of V. There exists a unique Gibbs state showing exponential decay of spatial correlations. These properties are rigorously established in this paper.