This paper presents an advanced analytical neuro–space mapping (neuro‐SM) technique for accurate and efficient modeling of transistor devices. This is an improvement over the existing neuro‐SM, which aims to use neural networks to map a given approximate device model towards an accurate model. The proposed neuro‐SM retains the ability of the existing neuro‐SM in modifying the voltage relationship between the given approximate device model and the accurate model. The proposed technique can also map the current relationship between the given model and the accurate model. In this way, the proposed neuro‐SM can produce improved accuracy over the existing neuro‐SM. In addition, analytical formulas of mapping and sensitivities of the direct current, small‐signal S parameter, and large‐signal harmonic of the proposed neuro‐SM model with respect to mapping parameters and coarse‐model parameters are also derived. The sensitivity analysis can be used with a gradient‐based training technique to improve the model training efficiency. The validity and efficiency of the proposed approach are verified through 2 transistor modeling examples and use of the proposed neuro‐SM models in a large‐signal behavior analysis of an amplifier.