Analog Devices Inc
ADI- Exchange
- Nasdaq
- Industry
- Semiconductors & Related Devices
- SEC CIK
- 0000006281
In the last 90 days, Analog Devices Inc insiders filed 0 open-market purchases and 16 sales; 2,303 institutions reported holding it in 13F filings for Q2 2026, worth $175.3B in total; 5 superinvestors hold it, including Markel Group and D1 Capital Partners.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:01 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 1, 2025 | Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 25, 2025 | Nov 26, 2024 | Nov 21, 2023 | Nov 22, 2022 | Nov 23, 2021 |
| Revenue | $11.0B | $9.43B | $12.3B | $12.0B | $7.32B |
| Cost of revenue | $4.25B | $4.05B | $4.43B | $4.48B | $2.79B |
| Gross profit | $6.77B | $5.38B | $7.88B | $7.53B | $4.53B |
| Operating expenses | $3.84B | $3.35B | $4.05B | $4.25B | $2.83B |
| Research and development | $1.77B | $1.49B | $1.66B | $1.70B | $1.30B |
| Selling, general and administrative | $1.26B | $1.07B | $1.27B | $1.27B | $915.4M |
| Operating income | $2.93B | $2.03B | $3.82B | $3.28B | $1.69B |
| Interest expense | – | – | $264.6M | $200.4M | $184.8M |
| Income tax | $444.8M | $142.1M | $293.4M | $350.2M | -$61.7M |
| Net income | $2.27B | $1.64B | $3.31B | $2.75B | $1.39B |
| EPS, basic | $4.59 | $3.30 | $6.60 | $5.29 | – |
| EPS, diluted | $4.56 | $3.28 | $6.55 | $5.25 | – |
| Weighted shares, basic | 494.4M | 496.2M | 502.2M | 519.2M | 397.5M |
| Weighted shares, diluted | 496.7M | 498.7M | 506.0M | 523.2M | 401.3M |
| Margins and growth | |||||
| Gross margin | 61.5% | 57.1% | 64.0% | 62.7% | 61.8% |
| Operating margin | 26.6% | 21.6% | 31.1% | 27.3% | 23.1% |
| Net margin | 20.6% | 17.3% | 26.9% | 22.9% | 19.0% |
| Revenue growth, year over year | +16.9% | −23.4% | +2.4% | +64.2% | +30.6% |
| Net income growth, year over year | +38.7% | −50.7% | +20.6% | +97.7% | +13.9% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 1, 2025 | Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 25, 2025 | Nov 26, 2024 | Nov 21, 2023 | Nov 22, 2022 | Nov 23, 2021 |
| Cash and equivalents | $2.50B | $1.99B | $958.1M | $1.47B | $1.98B |
| Short-term investments | $1.15B | $371.8M | – | – | – |
| Accounts receivable | $1.44B | $1.34B | $1.47B | $1.80B | $1.46B |
| Inventory | $1.66B | $1.45B | $1.64B | $1.40B | $1.20B |
| Total current assets | $7.11B | $5.48B | $4.38B | $4.94B | $5.38B |
| Property, plant and equipment | $3.32B | $3.42B | $3.22B | $2.40B | $1.98B |
| Goodwill | $26.9B | $26.9B | $26.9B | $26.9B | $26.9B |
| Intangible assets | $8.01B | $9.59B | $11.3B | $13.3B | $15.3B |
| Total assets | $48.0B | $48.2B | $48.8B | $50.3B | $52.3B |
| Accounts payable | $543.8M | $487.5M | $493.0M | $582.2M | $443.4M |
| Short-term debt | $446.6M | $399.6M | $499.1M | $0 | – |
| Total current liabilities | $3.25B | $2.99B | $3.20B | $2.44B | $2.77B |
| Long-term debt | $8.15B | $6.63B | $5.90B | – | – |
| Shareholders' equity | $33.8B | $35.2B | $35.6B | $36.5B | $38.0B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 1, 2025 | Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 25, 2025 | Nov 26, 2024 | Nov 21, 2023 | Nov 22, 2022 | Nov 23, 2021 |
| Operating cash flow | $4.81B | $3.85B | $4.82B | $4.48B | $2.74B |
| Capital expenditures | $533.6M | $730.5M | $1.26B | $699.3M | $343.7M |
| Free cash flow | $4.28B | $3.12B | $3.56B | $3.78B | $2.39B |
| Stock-based compensation | $321.6M | $262.7M | $299.8M | $323.5M | $243.6M |
| Dividends paid | $1.92B | $1.80B | $1.68B | $1.54B | $1.11B |
| Share buybacks | $2.16B | $615.6M | $2.96B | $2.58B | $2.61B |
| Investing cash flow | -$1.32B | -$1.10B | -$1.27B | -$657.4M | $2.14B |
| Financing cash flow | -$2.98B | -$1.71B | -$4.06B | -$4.29B | -$3.96B |
| Net change in cash | $508.1M | $1.03B | -$512.5M | -$507.4M | $922.1M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.9% | 2.8% | 2.4% | 2.7% | 3.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 1, 2026 | 484.6M | −1.5% | SEC |
| May 2, 2026 | 487.1M | −1.8% | SEC |
| Jan 31, 2026 | 488.2M | −1.6% | SEC |
| Nov 1, 2025 | 489.7M | −1.3% | SEC |
| Aug 2, 2025 | 492.0M | −0.9% | SEC |
| May 3, 2025 | 496.2M | 0.0% | SEC |
| Feb 1, 2025 | 496.0M | 0.0% | SEC |
| Nov 2, 2024 | 496.3M | 0.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.