Analog Devices (ADI)

Nasdaq Information Technology Semiconductors S&P 500Nasdaq-100

$363.56

+2.55 (+0.71%)

Close of Nov 06, 2026 · end-of-day data

Source: Analog Devices's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.42B	$5.25B	$6.22B	$5.99B	$5.60B	$7.32B	$12.01B	$12.31B	$9.43B	$11.02B
Cost of revenue	$1.19B	$2.08B	$1.97B	$1.98B	$1.91B	$2.79B	$4.48B	$4.43B	$4.05B	$4.25B
Gross profit	$2.23B	$3.17B	$4.25B	$4.01B	$3.69B	$4.53B	$7.53B	$7.88B	$5.38B	$6.77B
Research & development	$653.82M	$968.13M	$1.17B	$1.13B	$1.05B	$1.30B	$1.70B	$1.66B	$1.49B	$1.77B
Selling, general & admin	$461.44M	$690.53M	$695.54M	$648.09M	$659.92M	$915.42M	$1.27B	$1.27B	$1.07B	$1.26B
Operating income	$1.03B	$1.16B	$1.90B	$1.71B	$1.50B	$1.69B	$3.28B	$3.82B	$2.03B	$2.93B
Interest expense	$88.76M	$250.84M	$253.59M	$229.07M	$193.31M	$184.82M	$200.41M	$264.64M	$322.23M	$317.72M
Pre-tax income	$956.92M	$934.75M	$1.66B	$1.49B	$1.31B	$1.33B	$3.10B	$3.61B	$1.78B	$2.71B
Income tax	$95.26M	$129.37M	$148.33M	$122.72M	$90.86M	-$61.71M	$350.19M	$293.42M	$142.07M	$444.77M
Net income	$861.66M	$805.38M	$1.51B	$1.36B	$1.22B	$1.39B	$2.75B	$3.31B	$1.64B	$2.27B
EBITDA	$1.16B	$1.36B	$2.13B	$1.95B	$1.73B	$1.92B	$3.56B	$4.16B	$2.40B	$3.34B
EPS (basic)	—	—	—	—	$3.31	$3.50	$5.29	$6.60	$3.30	$4.59
EPS (diluted)	—	—	—	—	$3.28	$3.46	$5.25	$6.55	$3.28	$4.56
Diluted shares	312.31M	350.48M	374.94M	372.87M	371.97M	401.29M	523.18M	505.96M	498.70M	496.71M
Gross margin	65.1%	60.4%	68.3%	67.0%	65.9%	61.8%	62.7%	64.0%	57.1%	61.5%
Operating margin	30.0%	22.2%	30.5%	28.6%	26.7%	23.1%	27.3%	31.1%	21.6%	26.6%
Net margin	25.2%	15.4%	24.2%	22.8%	21.8%	19.0%	22.9%	26.9%	17.3%	20.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$921.13M	$1.05B	$816.59M	$648.32M	$1.06B	$1.98B	$1.47B	$958.06M	$1.99B	$2.50B
Short-term investments	$3.13B	$0	—	—	—	—	—	$0	$371.82M	$1.15B
Receivables	$477.61M	$688.95M	$639.72M	$635.14M	$737.54M	$1.46B	$1.80B	$1.47B	$1.34B	$1.44B
Inventory	$376.56M	$550.82M	$586.76M	$609.89M	$608.26M	$1.20B	$1.40B	$1.64B	$1.45B	$1.66B
Total current assets	$4.97B	$2.35B	$2.11B	$1.99B	$2.52B	$5.38B	$4.94B	$4.38B	$5.48B	$7.11B
Goodwill	$1.68B	$12.22B	$12.25B	$12.26B	$12.28B	$26.92B	$26.91B	$26.91B	$26.91B	$26.95B
Total assets	$7.97B	$21.14B	$20.44B	$21.39B	$21.47B	$52.32B	$50.30B	$48.79B	$48.23B	$47.99B
Total current liabilities	$782.93M	$1.60B	$1.05B	$1.51B	$1.36B	$2.77B	$2.44B	$3.20B	$2.99B	$3.25B
Short-term debt	$0	$300.00M	$67.00M	$299.67M	$0	$516.66M	$0	$499.05M	$399.64M	$0
Long-term debt	—	—	—	—	—	$6.78B	$6.55B	$5.90B	$6.63B	$8.15B
Total debt	$0	$300.00M	$67.00M	$299.67M	$0	$7.29B	$6.55B	$6.40B	$7.03B	$8.15B
Total liabilities	$2.80B	$10.98B	$9.17B	$9.68B	$9.47B	$14.33B	$13.84B	$13.23B	$13.05B	$14.18B
Shareholders' equity	$5.17B	$10.16B	$11.27B	$11.71B	$12.00B	$37.99B	$36.47B	$35.57B	$35.18B	$33.82B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.29B	$1.15B	$2.44B	$2.25B	$2.01B	$2.74B	$4.48B	$4.82B	$3.85B	$4.81B
Capital expenditures	$127.40M	$204.10M	$254.88M	$275.37M	$165.69M	$343.68M	$699.31M	$1.26B	$730.46M	$533.55M
Free cash flow	$1.16B	$950.27M	$2.19B	$1.98B	$1.84B	$2.39B	$3.78B	$3.56B	$3.12B	$4.28B
Investing cash flow	-$1.22B	-$6.62B	-$314.00M	-$293.19M	-$180.52M	$2.14B	-$657.37M	-$1.27B	-$1.10B	-$1.32B
Financing cash flow	-$33.37M	$5.59B	-$2.36B	-$2.13B	-$1.42B	-$3.96B	-$4.29B	-$4.06B	-$1.71B	-$2.98B
Dividends paid	$513.18M	$602.12M	$703.31M	$777.48M	$886.15M	$1.11B	$1.54B	$1.68B	$1.80B	$1.92B
Share buybacks	$370.06M	$46.53M	$225.98M	$613.00M	$244.49M	$2.61B	$2.58B	$2.96B	$615.59M	$2.16B
Stock-based compensation	$63.42M	$104.19M	$151.16M	$150.30M	$149.52M	$243.61M	$323.49M	$299.82M	$262.71M	$321.56M
Depreciation & amortization	$134.54M	$194.67M	$228.53M	$240.68M	$233.78M	$231.28M	$283.34M	$334.70M	$362.77M	$406.80M

Income statement

quarters · USD

Quarter ended	Oct 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Jan 2026	May 2026	Aug 2026
Revenue	$2.72B	$2.51B	$2.16B	$2.31B	$2.44B	$2.42B	$2.64B	$2.88B	$3.08B	$3.16B	$3.62B	$4.02B
Cost of revenue	$1.07B	$1.04B	$979.00M	$1.00B	$1.03B	$992.87M	$1.03B	$1.09B	$1.13B	$1.12B	$1.18B	$1.31B
Gross profit	$1.65B	$1.47B	$1.18B	$1.31B	$1.42B	$1.43B	$1.61B	$1.79B	$1.94B	$2.04B	$2.44B	$2.71B
Research & development	$406.59M	$391.43M	$354.86M	$362.67M	$378.90M	$402.89M	$441.84M	$454.25M	$467.02M	$467.40M	$509.32M	$533.48M
Selling, general & admin	$288.94M	$290.08M	$244.13M	$257.21M	$277.22M	$284.80M	$302.67M	$325.71M	$342.17M	$345.25M	$362.81M	$397.33M
Operating income	$634.41M	$585.96M	$386.12M	$491.32M	$569.39M	$491.31M	$677.94M	$818.03M	$945.21M	$997.03M	$1.38B	$1.61B
Interest expense	$71.59M	$77.14M	$77.10M	$85.18M	$82.80M	$75.26M	$74.70M	$79.59M	$88.16M	$86.34M	$87.62M	$88.73M
Pre-tax income	$571.79M	$513.42M	$324.60M	$422.99M	$516.33M	$435.58M	$625.93M	$763.41M	$887.20M	$945.87M	$1.32B	$1.55B
Income tax	$73.36M	$50.69M	$22.36M	$30.76M	$38.26M	$44.26M	$56.16M	$244.89M	$99.46M	$115.05M	$148.48M	$205.78M
Net income	$498.43M	$462.73M	$302.24M	$392.23M	$478.07M	$391.32M	$569.77M	$518.52M	$787.74M	$830.83M	$1.18B	$1.34B
EBITDA	$717.33M	$670.31M	$474.95M	$583.68M	$666.63M	$589.76M	$778.28M	$920.57M	$1.05B	$1.10B	$1.48B	$1.72B
EPS (basic)	$1.01	$0.93	$0.61	$0.79	$0.97	$0.79	$1.15	$1.05	$1.60	$1.70	$2.41	$2.76
EPS (diluted)	$1.00	$0.93	$0.61	$0.79	$0.96	$0.78	$1.14	$1.04	$1.59	$1.69	$2.40	$2.74
Diluted shares	-1.84M	498.74M	498.53M	498.79M	8.00K	498.67M	498.20M	496.73M	-1.16M	491.66M	490.46M	488.84M
Gross margin	60.6%	58.7%	54.7%	56.7%	58.0%	59.0%	61.0%	62.1%	63.1%	64.7%	67.3%	67.3%
Operating margin	23.4%	23.3%	17.9%	21.2%	23.3%	20.3%	25.7%	28.4%	30.7%	31.5%	38.1%	40.1%
Net margin	18.3%	18.4%	14.0%	17.0%	19.6%	16.1%	21.6%	18.0%	25.6%	26.3%	32.5%	33.3%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Jan 2026	May 2026	Aug 2026
Cash & equivalents	$958.06M	$1.30B	$1.94B	$2.11B	$1.99B	$2.35B	$2.38B	$2.32B	$2.50B	$2.91B	$2.44B	$2.17B
Short-term investments	$0	—	$424.12M	$439.67M	$371.82M	$371.46M	$0	$1.15B	$1.15B	$1.14B	$1.00B	$159.06M
Receivables	$1.47B	$1.20B	$1.00B	$1.13B	$1.34B	$1.19B	$1.38B	$1.55B	$1.44B	$1.36B	$2.05B	$2.39B
Inventory	$1.64B	$1.55B	$1.48B	$1.43B	$1.45B	$1.47B	$1.52B	$1.60B	$1.66B	$1.77B	$1.85B	$1.93B
Total current assets	$4.38B	$4.42B	$5.19B	$5.44B	$5.48B	$5.73B	$5.59B	$6.92B	$7.11B	$7.60B	$7.81B	$7.07B
Goodwill	$26.91B	$26.91B	$26.91B	$26.91B	$26.91B	$26.95B	$26.95B	$26.95B	$26.95B	$26.95B	$26.97B	$27.99B
Total assets	$48.79B	$48.39B	$48.86B	$48.62B	$48.23B	$47.97B	$47.34B	$48.19B	$47.99B	$47.99B	$47.95B	$48.42B
Total current liabilities	$3.20B	$2.92B	$3.30B	$3.23B	$2.99B	$2.97B	$2.69B	$2.98B	$3.25B	$4.33B	$4.46B	$5.66B
Short-term debt	$499.05M	$499.32M	$898.78M	$899.25M	$399.64M	$399.86M	$0	$0	$0	$898.90M	$899.23M	$1.34B
Long-term debt	$5.90B	$5.95B	$6.61B	$6.66B	$6.63B	$6.62B	$6.65B	$8.14B	$8.15B	$7.24B	$7.24B	$6.77B
Total debt	$6.40B	$6.45B	$7.51B	$7.55B	$7.03B	$7.02B	$6.65B	$8.14B	$8.15B	$8.14B	$8.13B	$8.12B
Total liabilities	$13.23B	$12.84B	$13.61B	$13.43B	$13.05B	$12.90B	$12.33B	$14.11B	$14.18B	$14.20B	$14.21B	$14.87B
Shareholders' equity	$35.57B	$35.55B	$35.25B	$35.19B	$35.18B	$35.07B	$35.01B	$34.09B	$33.82B	$33.79B	$33.74B	$33.55B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Jan 2026	May 2026	Aug 2026
Operating cash flow	$1.19B	$1.14B	$807.85M	$855.03M	$1.05B	$1.13B	$819.48M	$1.17B	$1.70B	$1.37B	$872.04M	$1.60B
Capital expenditures	$476.39M	$222.98M	$188.19M	$153.89M	$165.41M	$148.98M	$90.27M	$79.15M	$215.15M	$109.31M	$137.70M	$145.66M
Free cash flow	$710.90M	$915.85M	$619.66M	$701.14M	$885.41M	$977.83M	$729.21M	$1.09B	$1.49B	$1.26B	$734.34M	$1.46B
Investing cash flow	-$479.06M	-$219.10M	-$602.08M	-$172.07M	-$111.61M	-$194.30M	$328.19M	-$1.23B	-$225.31M	-$107.03M	-$51.93M	-$714.95M
Financing cash flow	-$899.42M	-$574.23M	$430.36M	-$516.62M	-$1.05B	-$573.86M	-$1.12B	$9.96M	-$1.30B	-$855.03M	-$1.29B	-$1.16B
Dividends paid	$427.99M	$426.08M	$456.14M	$456.49M	$456.76M	$456.34M	$491.02M	$490.16M	$486.89M	$484.26M	$536.46M	$535.31M
Share buybacks	$469.94M	$180.35M	$222.38M	$117.98M	$94.88M	$160.37M	$248.65M	$1.08B	$680.47M	$516.50M	$772.90M	$1.16B
Stock-based compensation	$72.71M	$69.81M	$58.40M	$64.05M	$70.45M	$77.57M	$72.83M	$84.70M	$86.45M	$85.67M	$81.72M	$96.25M
Depreciation & amortization	$82.92M	$84.35M	$88.82M	$92.36M	$97.24M	$98.45M	$100.33M	$102.54M	$105.48M	$105.89M	$104.96M	$104.45M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.