Analog Devices Inc (ADI) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Analog Devices reported revenue of $11.02B, up 16.9% from $9.43B the year before. Net income was $2.27B (a 20.6% net margin), or $4.56 per diluted share. Gross margin was 61.5% and operating margin was 26.6%. Operating activities generated $4.81B of cash, leaving $4.28B of free cash flow. At fiscal year end, Analog Devices held $47.99B in total assets against $14.18B in total liabilities, including $2.50B of cash and equivalents.
Open the full interactive Analog Devices financials → Quarterly statements, key ratios, valuation history and price charts.
Analog Devices Key Stats
| Share Price | $414.70 |
|---|---|
| Market Cap | $202.72B |
| P/E Ratio | 90.9 |
| Revenue YoY Growth | +16.9% |
| 52-Week Range | $222.42 – $444.13 |
| Shares Outstanding | 486.0 million (basic, 2026 Q3) |
Analog Devices Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.60B | $7.32B | $12.01B | $12.31B | $9.43B | $11.02B |
| Cost of Goods Sold | $1.91B | $2.79B | $4.48B | $4.43B | $4.05B | $4.25B |
| Gross Profit | $3.69B | $4.53B | $7.53B | $7.88B | $5.38B | $6.77B |
| Operating Income | $1.50B | $1.69B | $3.28B | $3.82B | $2.03B | $2.93B |
| Pre-Tax Income | $1.31B | $1.33B | $3.10B | $3.61B | $1.78B | $2.71B |
| Income Tax | $90.9M | -$61.7M | $350.2M | $293.4M | $142.1M | $444.8M |
| Net Income | $1.22B | $1.39B | $2.75B | $3.31B | $1.64B | $2.27B |
| Diluted EPS | $3.28 | $3.46 | $5.25 | $6.55 | $3.28 | $4.56 |
Analog Devices Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $3.08B | $3.16B | $3.62B | $4.02B |
| Net Income | $787.7M | $830.8M | $1.18B | $1.34B |
| Diluted EPS | $1.59 | $1.69 | $2.40 | $2.74 |
Analog Devices Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.06B | $1.98B | $1.47B | $958.1M | $1.99B | $2.50B |
| Current Assets | $2.52B | $5.38B | $4.94B | $4.38B | $5.48B | $7.11B |
| Total Assets | $21.47B | $52.32B | $50.30B | $48.79B | $48.23B | $47.99B |
| Current Liabilities | $1.36B | $2.77B | $2.44B | $3.20B | $2.99B | $3.25B |
| Total Long-Term Debt | $5.15B | $6.77B | $6.55B | $6.40B | $7.03B | $8.15B |
| Total Liabilities | $9.47B | $14.33B | $13.84B | $13.23B | $13.05B | $14.18B |
| Shareholders' Equity | $12.00B | $37.99B | $36.47B | $35.57B | $35.18B | $33.82B |
Analog Devices Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.01B | $2.74B | $4.48B | $4.82B | $3.85B | $4.81B |
| Cash From Investing | -$180.5M | $2.14B | -$657.4M | -$1.27B | -$1.10B | -$1.32B |
| Cash From Financing | -$1.42B | -$3.96B | -$4.29B | -$4.06B | -$1.71B | -$2.98B |
| Free Cash Flow | $1.84B | $2.39B | $3.78B | $3.56B | $3.12B | $4.28B |
Figures from Analog Devices' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Analog Devices financials page for every line item.
Analog Devices Company Profile
| Ticker | ADI |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Wilmington, Massachusetts |
| Incorporated in | Massachusetts |
| Fiscal Year End | October 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000006281 |
Frequently Asked Questions
What was Analog Devices' revenue in fiscal 2025?
Analog Devices (ADI) reported revenue of $11.02B for fiscal 2025.
What is Analog Devices' annual revenue history?
Analog Devices' annual revenue by fiscal year: 2020: $5.60B; 2021: $7.32B; 2022: $12.01B; 2023: $12.31B; 2024: $9.43B; 2025: $11.02B.
What was Analog Devices' net income in fiscal 2025?
Analog Devices reported net income of $2.27B for fiscal 2025.
What was Analog Devices' earnings per share (EPS) in fiscal 2025?
Analog Devices' diluted EPS was $4.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Analog Devices generate in fiscal 2025?
Analog Devices generated $4.28B of free cash flow in fiscal 2025.
What was Analog Devices' revenue last quarter?
In its most recent reported quarter (2026 Q3), Analog Devices reported revenue of $4.02B.
How much debt does Analog Devices have?
Analog Devices reported $8.15B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Analog Devices are outstanding?
Analog Devices reported a weighted average of 486.0 million basic shares outstanding in 2026 Q3.
What is Analog Devices' market cap?
Based on its latest closing price, Analog Devices (ADI) has a market capitalization of about $202.72B.
When does Analog Devices' fiscal year end?
Analog Devices' fiscal year end, as registered with the SEC, is October 31.
Where is Analog Devices headquartered?
Analog Devices lists its business address in Wilmington, Massachusetts in its SEC filings.