ANALOG DEVICES INC ADI

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Analog Devices, Inc. (we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers' most complex engineering challenges. We deliver innovations that connect technology to human breakthroughs and play a critical role at the intersection of the physical and digital worlds by providing the building blocks to sense, measure, interpret, connect and power. We design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. Our comprehensive product portfolio, deep domain expertise and advanced manufacturing capabilities extend across high-performance precision and high-speed mixed-signal, power management and processing technologies – including data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors.

Last close 391.07 2026-10-23
Market cap $189.50B 2026-08-01 share count
52-week range 223.47 - 445.91

Valuation FY2025 figures against the last close

P/S17.2x
P/E85.8x
P/FCF44.3x
EV/EBITDA58.1x
Dividend yield1.0%
Diluted EPS4.56

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Industrial
  • Automotive
  • Consumer
  • Communications
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 Industrial, FY2025: 4.9B (44.7%) 45% Industrial Automotive, FY2025: 3.3B (29.7%) 30% Automotive Consumer, FY2025: 1.4B (13.0%) 13% Consumer Communications, FY2025: 1.4B (12.5%) 13% Communications FY2024 Industrial, FY2024: 4.3B (45.5%) 46% Automotive, FY2024: 2.8B (30.1%) 30% Consumer, FY2024: 1.2B (12.8%) 13% Communications, FY2024: 1.1B (11.6%) 12% FY2023 Industrial, FY2023: 6.6B (53.4%) 53% Automotive, FY2023: 2.9B (23.6%) 24% Consumer, FY2023: 1.2B (10.1%) 10% Communications, FY2023: 1.6B (12.9%) 13%
Segment FY2025FY2024FY2023
Industrial $4.93B $4.29B $6.57B
Automotive $3.28B $2.84B $2.90B
Consumer $1.43B $1.21B $1.24B
Communications $1.38B $1.09B $1.59B

As the company reported it, from the “Industry, Segment and Geographic Information - Revenue Trends by End Market (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $11.02B$9.43B$12.31B$12.01B$7.32B$5.60B$5.99B$6.22B$5.25B$3.42B
Cost of revenue $4.25B$4.05B$4.43B$4.48B$2.79B$1.91B$1.98B$1.97B$2.08B$1.19B
Gross profit $6.77B$5.38B$7.88B$7.53B$4.53B$3.69B$4.01B$4.25B$3.17B$2.23B
R&D $1.77B$1.49B$1.66B$1.70B$1.30B$1.05B$1.13B$1.17B$968.1M$653.8M
SG&A $1.26B$1.07B$1.27B$1.27B$915.4M$659.9M$648.1M$695.5M$690.5M$461.4M
Total operating expenses $3.84B$3.35B$4.05B$4.25B$2.83B$2.19B$2.30B$2.35B$2.01B$1.20B
Operating income $2.93B$2.03B$3.82B$3.28B$1.69B$1.50B$1.71B$1.90B$1.16B$1.03B
Interest expense $317.7M$322.2M$264.6M$200.4M$184.8M$193.3M$229.1M$253.6M$250.8M$88.8M
Pre-tax income $2.71B$1.78B$3.61B$3.10B$1.33B$1.31B$1.49B$1.66B$934.7M$956.9M
Income tax $444.8M$142.1M$293.4M$350.2M$61.7M$90.9M$122.7M$148.3M$129.4M$95.3M
Net income $2.27B$1.64B$3.31B$2.75B$1.39B$1.22B$1.36B$1.51B$805.4M$861.7M
EPS, basic 4.593.306.605.293.503.31————
EPS, diluted 4.563.286.555.253.463.28————
Shares, diluted (wtd. avg.) 496.7M498.7M506.0M523.2M401.3M372.0M372.9M374.9M350.5M312.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.50B$1.99B$958.1M$1.47B$1.98B$1.06B$648.3M$816.6M$1.05B$921.1M
Short-term investments $1.15B$371.8M$0—————$0$3.13B
Receivables $1.44B$1.34B$1.47B$1.80B$1.46B$737.5M$635.1M$639.7M$689.0M$477.6M
Inventory $1.66B$1.45B$1.64B$1.40B$1.20B$608.3M$609.9M$586.8M$550.8M$376.6M
Total current assets $7.11B$5.48B$4.38B$4.94B$5.38B$2.52B$1.99B$2.11B$2.35B$4.97B
Property, plant and equipment $3.32B$3.42B$3.22B$2.40B$1.98B$1.12B$1.22B$1.15B$1.11B$636.1M
Goodwill $26.95B$26.91B$26.91B$26.91B$26.92B$12.28B$12.26B$12.25B$12.22B$1.68B
Other intangibles $8.01B$9.59B$11.31B$13.27B$15.27B$3.65B$4.22B$4.78B$5.32B$549.4M
Total assets $47.99B$48.23B$48.79B$50.30B$52.32B$21.47B$21.39B$20.44B$21.14B$7.97B
Accounts payable $543.8M$487.5M$493.0M$582.2M$443.4M$227.3M$225.3M$260.9M$236.6M$171.4M
Short-term debt $0$399.6M$499.1M$0$516.7M——$67.0M——
Total current liabilities $3.25B$2.99B$3.20B$2.44B$2.77B$1.36B$1.51B$1.05B$1.60B$782.9M
Long-term debt $8.15B$6.63B$5.90B$6.55B——————
Retained earnings $10.54B$10.20B$10.36B$8.72B$7.52B$7.24B$6.90B$5.98B$4.91B$4.79B
Total equity $33.82B$35.18B$35.57B$36.47B$37.99B$12.00B$11.71B$11.27B$10.16B$5.17B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.81B$3.85B$4.82B$4.48B$2.74B$2.01B$2.25B$2.44B$1.15B$1.29B
Depreciation and amortisation $406.8M$362.8M$334.7M$283.3M$231.3M$233.8M$240.7M$228.5M$194.7M$134.5M
Stock-based compensation $321.6M$262.7M$299.8M$323.5M$243.6M$149.5M$150.3M$151.2M$104.2M$63.4M
Capital expenditure $533.6M$730.5M$1.26B$699.3M$343.7M$165.7M$275.4M$254.9M$204.1M$127.4M
Investing cash flow -$1.32B-$1.10B-$1.27B-$657.4M$2.14B-$180.5M-$293.2M-$314.0M-$6.62B-$1.22B
Financing cash flow -$2.98B-$1.71B-$4.06B-$4.29B-$3.96B-$1.42B-$2.13B-$2.36B$5.59B-$33.4M
Dividends paid $1.92B$1.80B$1.68B$1.54B$1.11B$886.2M$777.5M$703.3M$602.1M$513.2M
Buybacks $2.16B$615.6M$2.96B$2.58B$2.61B$244.5M$613.0M$226.0M$46.5M$370.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000006281-25-000153.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 3.4B Gross profit, FY2016: 2.2B Net income, FY2016: 861.7M Revenue, FY2017: 5.2B Gross profit, FY2017: 3.2B Net income, FY2017: 805.4M Revenue, FY2018: 6.2B Gross profit, FY2018: 4.3B Net income, FY2018: 1.5B Revenue, FY2019: 6B Gross profit, FY2019: 4B Net income, FY2019: 1.4B Revenue, FY2020: 5.6B Gross profit, FY2020: 3.7B Net income, FY2020: 1.2B Revenue, FY2021: 7.3B Gross profit, FY2021: 4.5B Net income, FY2021: 1.4B Revenue, FY2022: 12B Gross profit, FY2022: 7.5B Net income, FY2022: 2.7B Revenue, FY2023: 12.3B Gross profit, FY2023: 7.9B Net income, FY2023: 3.3B Revenue, FY2024: 9.4B Gross profit, FY2024: 5.4B Net income, FY2024: 1.6B Revenue, FY2025: 11B Gross profit, FY2025: 6.8B Net income, FY2025: 2.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.42B $5.25B $6.22B $5.99B $5.60B $7.32B $12.01B $12.31B $9.43B $11.02B
Gross profit $2.23B $3.17B $4.25B $4.01B $3.69B $4.53B $7.53B $7.88B $5.38B $6.77B
Net income $861.7M $805.4M $1.51B $1.36B $1.22B $1.39B $2.75B $3.31B $1.64B $2.27B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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