Saturday 17 October 2026 Export ADI’s income statement to Excel — free account

Analog Devices, Inc.

Analog Devices, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $11.0 billion, up 16.9% from fiscal 2024. In the quarter to July 2026, revenue grew 39.6%, EPS grew 162.9%, free cash flow grew 34.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years.

395.44 8.51 −2.11%

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Market cap: $195.7B
P/E: 46.7×
Fwd P/E: 0.0×
Dividend yield: 0.00%
F-score: 8/9
Altman Z: 5.73
Beneish M: −2.77
Dividend safety: 69/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 104.63

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	5	5	3	3	1	2	5	3	4	4	6

Insider Ownership 0.55%

Capital & Financial Ratios $m

Market Cap 195,740.00

Revenue 13,881.74

Net Income 4,135.00

Free Cash Flow 4,937.50

Net Debt 5,791.55

Current Ratio 1.25

Debt/Equity 0.24

P/E ratio 46.69

Fwd P/E 0.00

P/S ratio 13.85

P/B ratio 5.73

Past 5Y EPS Growth 6.81%

This Y EPS Growth 65.11%

Next Y EPS Growth 30.04%

Next Y revenue growth (62.09%)

Next 5Y EPS Growth 36.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 74.01%

10-year low 10-year high

P/S against its own 10 years 96.02%

10-year low 10-year high

P/B against its own 10 years 98.05%

10-year low 10-year high

EV/Sales against its own 10 years 95.98%

10-year low 10-year high

EV/FCF against its own 10 years 90.90%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	1.84	0.92 0.92
2023	3.44	0.86 0.86 0.86 0.86
2022	3.04	0.76 0.76 0.76 0.76
2021	2.76	0.69 0.69 0.69 0.69
2020	2.48	0.62 0.62 0.62 0.62
2019	2.16	0.54 0.54 0.54 0.54
2018	1.92	0.48 0.48 0.48 0.48
2017	1.80	0.45 0.45 0.45 0.45
2016	1.68	0.42 0.42 0.42 0.42

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	958	2,363	3,652	2,325
Receivables	1,470	1,336	1,436	2,390
Inventory	1,642	1,448	1,656	1,931
Other	—	—	—	—
	4,384	5,485	7,108	7,073

	2023	2024	2025	Q'26
Payables	493	487	544	682
ST’ Debt	499	400	—	1,345
Other	—	—	—	—
	3,201	2,988	3,246	5,656

Compound Annual Growth %

	10y	5y	3y
Sales	12.36%	14.49%	(2.84%)
Cash Flow	18.15%	19.10%	2.45%
Earnings	12.52%	13.18%	(6.21%)
Book Value	20.89%	23.03%	(2.48%)

Revenue $m

	Jan	Apr	Jul	Oct	Year
’26	3,160	3,623	4,022	—	—
’25	2,423	2,640	2,880	3,076	11,020
’24	2,513	2,159	2,312	2,443	9,427
’23	3,250	3,263	3,076	2,716	12,306
’22	2,684	2,972	3,110	3,248	12,014
’21	1,558	1,661	1,759	2,340	7,318
’20	1,304	1,317	1,456	1,526	5,603

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	1,369	872	1,604	—	—
’25	1,127	819	1,165	1,701	4,812
’24	1,139	808	855	1,051	3,853
’23	1,406	1,082	1,142	1,187	4,818
’22	856	1,222	1,248	1,149	4,475
’21	428	736	630	941	2,735
’20	350	429	557	673	2,008

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	1,259	734	1,458	—	—
’25	978	788	1,086	1,486	4,338
’24	916	620	701	885	3,122
’23	1,230	797	818	711	3,556
’22	745	1,103	1,083	845	3,776
’21	361	677	544	810	2,391
’20	295	369	536	643	1,843

Fiscal quarters ending in the months shown.

EPS $

	Jan	Apr	Jul	Oct	Year
’26	1.69	2.40	2.74	—	—
’25	0.78	1.14	1.04	1.60	4.56
’24	0.93	0.61	0.79	0.96	3.28
’23	1.88	1.92	1.74	1.00	6.55
’22	0.53	1.49	1.44	1.82	5.25
’21	1.04	1.14	1.35	0.16	3.46
’20	0.55	0.72	0.97	1.04	3.28

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	47.24	71.00	76.62	80.46	79.08	142.25	133.48	154.99	181.81	158.65	Analyst estimates 2026–2028 Powerpack
	High	74.87	93.99	103.59	124.79	147.83	191.95	180.01	202.77	244.14	284.23
People
People	Employees	10,000	15,300	15,800	16,400	15,900	24,700	24,450	26,000	24,000	24,500
	Revenue/emp, $m	0.34	0.34	0.39	0.37	0.35	0.30	0.49	0.47	0.39	0.45
Income, $m
Income, $m	Revenue	3,421	5,246	6,225	5,991	5,603	7,318	12,014	12,306	9,427	11,020
	Gross margin, %	65.10	60.39	68.28	67.00	65.87	61.83	62.70	64.01	57.08	61.47
	EBT	957	935	1,655	1,486	1,312	1,329	3,099	3,608	1,777	2,712
	EBT margin, %	27.97	17.82	26.59	24.80	23.41	18.16	25.79	29.32	18.85	24.61
	Net income	862	805	1,507	1,363	1,221	1,390	2,749	3,315	1,635	2,267
	Depreciation	210	584	799	811	811	1,075	2,297	2,293	2,104	1,999
Per share, $
Per share, $	Revenue	11.08	15.15	16.80	16.23	15.20	18.41	23.14	24.50	19.00	22.29
	Earnings	2.79	2.09	4.02	3.68	3.31	3.50	5.29	6.60	3.30	4.59
	Cash flow	4.18	3.33	6.59	6.10	5.45	6.88	8.62	9.59	7.76	9.73
	Capex	(0.41)	(0.59)	(0.69)	(0.75)	(0.45)	(0.86)	(1.35)	(2.51)	(1.47)	(0.96)
	Free cash flow	3.77	2.74	5.91	5.36	5.00	6.02	7.27	7.08	6.29	8.77
	Book value	16.73	29.34	30.42	31.72	32.55	95.59	70.23	70.81	70.90	68.40
	Shares, m	309	346	370	369	369	397	519	502	496	494
Valuation, ×
Valuation, ×	P/E	22.97	43.68	20.88	28.98	35.79	46.91	26.86	23.87	67.81	51.01
	P/S	5.78	6.03	4.98	6.57	7.80	9.50	6.16	6.42	11.74	10.50
	P/B	3.83	3.11	2.75	3.36	3.64	1.83	2.03	2.22	3.15	3.42
	EV/Sales	5.21	7.32	5.87	7.38	8.53	10.16	6.59	6.86	12.24	10.95
	EV/FCF	15.33	40.44	16.70	22.35	25.94	31.09	20.97	23.75	36.95	27.81
Cash, $m
Cash, $m	Operating cash flow	1,291	1,154	2,442	2,253	2,008	2,735	4,475	4,818	3,853	4,812
	Capex	(127)	(204)	(255)	(275)	(166)	(344)	(699)	(1,261)	(730)	(475)
	Free cash flow	1,164	950	2,187	1,978	1,843	2,391	3,776	3,556	3,122	4,338
Balance, $m
Balance, $m	Working capital	4,192	755	1,060	476	1,153	2,608	2,495	1,183	2,496	3,862
	Total debt	1,732	7,851	6,333	5,492	5,185	6,770	6,603	6,402	7,034	8,145
	Net debt	(2,324)	6,803	5,516	4,844	4,129	4,792	5,132	5,443	4,671	4,493
	Shareholders’ equity	5,166	10,162	11,268	11,709	11,998	37,993	36,465	35,565	35,176	33,816
Returns, %
Returns, %	ROA	11.47	5.53	7.22	6.52	5.70	3.77	5.36	6.69	3.37	4.71
	ROIC	22.61	4.28	7.07	6.46	5.81	2.47	4.93	5.83	3.19	4.78
	ROE	16.83	10.51	14.01	11.86	10.30	5.56	7.38	9.20	4.62	6.57

Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
INTC Intel Corporation	$504.1B	— (loss-making)	— (loss-making)	+25.42% (above 0%: growing)	n/m	+396.67% (above 0%: growing)	40.36%	11.14%	Compare
ARM ARM Holdings PLC Sponsored ADR	$261.4B	235×	281×	+22.41% (above 0%: growing)	+108.33% (above 0%: growing)	+305.85% (above 0%: growing)	97.21%	7.06%	Compare
TXN Texas Instruments Incorporated	$254.9B	41.7×	37.1×	+22.82% (above 0%: growing)	+51.75% (above 0%: growing)	+300.18% (above 0%: growing)	61.36%	42.28%	Compare
MRVL Marvell Technology, Inc.	$211.5B	74.2×	143×	+36.55% (above 0%: growing)	+47.83% (above 0%: growing)	+14.45% (above 0%: growing)	53.14%	16.78%	Compare
ADI Analog Devices, Inc.	$195.7B	46.7×	— (loss-making)	+39.63% (above 0%: growing)	+162.86% (above 0%: growing)	+34.29% (above 0%: growing)	67.32%	40.10%
QCOM QUALCOMM Incorporated	$190.5B	19.7×	17.1×	−4.03% (below 0%: shrinking)	−22.54% (below 0%: shrinking)	−80.82% (below 0%: shrinking)	53.05%	16.35%	Compare
ASX ASE Technology Holding Co., Ltd.	$92.1B	44.4×	34.1×	+23.62% (above 0%: growing)	+172.73% (above 0%: growing)	−338.02% (below 0%: shrinking)	21.01%	11.06%	Compare
MPWR Monolithic Power Systems, Inc.	$61.4B	73.8×	76.7×	+47.56% (above 0%: growing)	+87.81% (above 0%: growing)	−61.46% (below 0%: shrinking)	55.18%	30.99%	Compare
NXPI NXP Semiconductors N.V.	$58.3B	19.5×	20.8×	+19.48% (above 0%: growing)	+72.73% (above 0%: growing)	+14.42% (above 0%: growing)	57.27%	30.64%	Compare
Median of peers	$201.0B	44.4×	37.1×	+23.22%	+72.73%	+14.43%	54.16%	16.57%

All 67 Semiconductors stocks →

Analog Devices, Inc. (ADI) key facts

Strength: Analog Devices, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $11.0 billion, up 16.9% from fiscal 2024.
Analog Devices, Inc. (ADI) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, ADI traded at $395.44, a market capitalization of $195.7 billion.
Analog Devices, Inc. does not currently pay a dividend.
Return on equity was 6.57% and debt-to-equity 0.24.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 5.73 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 29 September 2026

Analog Devices reported $11.0 billion of revenue and $2.3 billion of net income in FY2025. In Q3 FY2026, revenue was $4.0 billion, net income was $1.3 billion, and diluted EPS was $2.74. Trailing-twelve-month revenue to Q3 FY2026 reached $13.9 billion.

Profitability measures increased in Q3 FY2026, with a 67.3% gross margin and a 40.1% operating margin. Net debt was $5.8 billion in Q3 FY2026. As of September 28, 2026, market capitalisation was $192.2 billion and P/E was 46.7×.

Read the full analysis →