What is Analog Devices, Inc.'s earnings per share (EPS)?

Analog Devices, Inc. (ADI) reported diluted earnings per share of $4.56 for fiscal year 2025. This represents a 39.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Analog Devices, Inc. (ADI) Financials

ADI

Trailing 12 months to August 1, 2026

Revenue $13.1B +25.5% YoY

Net Income $3.7B +82.1% YoY

EPS (Diluted) $8.42 +114.8% YoY

Free Cash Flow $4.9B +34.2% YoY

Market Cap $202.1B as of Oct 5, 2026

Price / Sales 15.4x on $13.1B revenue, trailing 12 months to August 1, 2026

Price / Earnings 54.7x on $3.7B net income, trailing 12 months to August 1, 2026

Price / Book 6.0x on $33.6B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Aug 1, 2026 Reported Aug 19, 2026 Currency USD FYE November

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ADI SEC filings page.

Analog Devices, Inc. (ADI) reported $13.1B in revenue over the twelve months to Aug 1, 2026, up 25.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ADI FY2025 2026-10-01

The business rebounds through margin recovery and converts profits into cash while carrying a goodwill-heavy, increasingly leveraged balance sheet.

After FY2024's downturn, FY2025 revenue returned to $11.0B and operating margin to 26.6%, indicating the recovery included cost absorption rather than depending on revenue alone. Free cash flow conversion reached $4.3B against net income of $2.3B, so reported earnings translated into more cash after reinvestment than the income statement alone suggests.

The 2.2x current ratio sits alongside 0.2x debt-to-equity, indicating short-term coverage is comfortable without heavy balance-sheet borrowing. Goodwill of $26.9B within $48.0B of assets means it represents more than half of reported assets, making balance-sheet composition important to interpretation.

FY2025 free-cash-flow margin was 38.8%, above FY2023's 28.9%. That improvement occurred even as gross margin was 61.5%, below its FY2023 peak, pointing to reinvestment and working-capital effects rather than purely better unit economics.

Financial Health Signals

Financial Health Score 61/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Analog Devices, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Analog Devices, Inc. has an operating margin of 26.6%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is up from 21.6% the prior year.

Growth

Analog Devices, Inc.'s revenue surged 16.9% year-over-year to $11.0B, reflecting rapid business expansion. This strong growth earns a score of 15/100.

Leverage

Analog Devices, Inc. has a moderate D/E ratio of 0.24. This balance of debt and equity financing earns a leverage score of 44/100.

Liquidity

Analog Devices, Inc.'s current ratio of 2.19 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Analog Devices, Inc. converts 38.8% of revenue into free cash flow ($4.3B). This strong cash generation earns a score of 96/100.

Returns

Analog Devices, Inc.'s ROE of 6.7% shows moderate profitability relative to equity, earning a score of 57/100. This is up from 4.7% the prior year.

Altman Z-Score Safe

9.39

Analog Devices, Inc. scores 9.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($202.1B) relative to total liabilities ($14.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

Analog Devices, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.12x

For every $1 of reported earnings, Analog Devices, Inc. generates $2.12 in operating cash flow ($4.8B OCF vs $2.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

9.23x

Analog Devices, Inc. earns $9.23 in operating income for every $1 of interest expense ($2.9B vs $317.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.0B

YoY+39.6%

QoQ+11.0%

5Y CAGR+18.0%

10Y CAGR+16.5%

Analog Devices, Inc. generated $4.0B in revenue in Q3 2026. This represents an increase of 39.6% from the same quarter a year earlier. Against the prior quarter it is up 11.0%.

EBITDA

$2.1B

YoY+61.4%

QoQ+12.6%

5Y CAGR+21.2%

10Y CAGR+20.7%

Analog Devices, Inc.'s EBITDA was $2.1B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 61.4% from the same quarter a year earlier. Against the prior quarter it is up 12.6%.

Net Income

$1.3B

YoY+158.4%

QoQ+13.9%

5Y CAGR+21.6%

10Y CAGR+19.3%

Analog Devices, Inc. reported $1.3B in net income in Q3 2026. This represents an increase of 158.4% from the same quarter a year earlier. Against the prior quarter it is up 13.9%.

EPS (Diluted)

$2.74

YoY+163.5%

QoQ+14.2%

5Y CAGR+15.2%

Analog Devices, Inc. earned $2.74 per diluted share (EPS) in Q3 2026. This represents an increase of 163.5% from the same quarter a year earlier. Against the prior quarter it is up 14.2%.

Cash & Balance Sheet

Free Cash Flow

$1.5B

YoY+34.3%

QoQ+98.6%

5Y CAGR+21.8%

10Y CAGR+21.0%

Analog Devices, Inc. generated $1.5B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 34.3% from the same quarter a year earlier. Against the prior quarter it is up 98.6%.

Cash & Debt

$2.2B

YoY-6.7%

QoQ-11.1%

5Y CAGR+7.9%

10Y CAGR+7.0%

Analog Devices, Inc. held $2.2B in cash against $6.8B in long-term debt as of Q3 2026.

Dividends Per Share

$1.10

YoY+11.1%

QoQ0.0%

5Y CAGR+9.8%

10Y CAGR+10.1%

Analog Devices, Inc. paid $1.10 per share in dividends in Q3 2026. This represents an increase of 11.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

485M

YoY-1.5%

QoQ-0.5%

5Y CAGR+5.6%

10Y CAGR+4.7%

Analog Devices, Inc. had 485M shares outstanding in Q3 2026. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Margins & Returns

Gross Margin

67.3%

YoY+5.2pp

QoQ0.0pp

5Y change-2.1pp

10Y change+1.5pp

Analog Devices, Inc.'s gross margin was 67.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 5.2 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Operating Margin

40.1%

YoY+11.7pp

QoQ+2.0pp

5Y change+5.4pp

10Y change+9.2pp

Analog Devices, Inc.'s operating margin was 40.1% in Q3 2026, reflecting core business profitability. This is up 11.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.

Net Margin

33.3%

YoY+15.3pp

QoQ+0.9pp

5Y change+4.7pp

10Y change+6.8pp

Analog Devices, Inc.'s net profit margin was 33.3% in Q3 2026, showing the share of revenue converted to profit. This is up 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Return on Equity

4.0%

YoY+2.5pp

QoQ+0.5pp

5Y change-0.1pp

10Y change-0.6pp

Analog Devices, Inc.'s ROE was 4.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Capital Allocation

R&D Spending

$533.5M

YoY+17.4%

QoQ+4.7%

5Y CAGR+11.7%

10Y CAGR+12.6%

Analog Devices, Inc. invested $533.5M in research and development in Q3 2026. This represents an increase of 17.4% from the same quarter a year earlier. Against the prior quarter it is up 4.7%.

Share Buybacks

$1.2B

YoY+7.6%

QoQ+49.7%

5Y CAGR+47.9%

10Y CAGR+48.0%

Analog Devices, Inc. spent $1.2B on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 7.6% from the same quarter a year earlier. Against the prior quarter it is up 49.7%.

Capital Expenditures

$145.7M

YoY+84.0%

QoQ+5.8%

5Y CAGR+11.0%

10Y CAGR+14.5%

Analog Devices, Inc. invested $145.7M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 84.0% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.

ADI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ADI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$13.1B	$11.0B+16.9%	$9.4B-23.4%	$12.3B+2.4%	$12.0B+64.2%	$7.3B+30.6%	$5.6B-6.5%	$6.0B-3.4%	$6.2B+21.4%	$5.1B+49.3%	$3.4B-0.4%	$3.4B+19.9%	$2.9B+8.8%	$2.6B-2.5%	$2.7B-9.8%	$3.0B
Cost of Revenue	$4.6B	$4.2B+5.0%	$4.0B-8.6%	$4.4B-1.2%	$4.5B+60.4%	$2.8B+46.0%	$1.9B-3.3%	$2.0B+0.2%	$2.0B-5.0%	$2.1B+74.0%	$1.2B+1.6%	$1.2B+13.7%	$1.0B+9.9%	$941.3M-2.0%	$960.1M-4.6%	$1.0B
Gross Profit	$8.5B	$6.8B+25.9%	$5.4B-31.7%	$7.9B+4.6%	$7.5B+66.5%	$4.5B+22.6%	$3.7B-8.1%	$4.0B-5.6%	$4.3B+34.2%	$3.2B+42.3%	$2.2B-1.4%	$2.3B+23.4%	$1.8B+8.1%	$1.7B-2.8%	$1.7B-12.4%	$2.0B
R&D Expenses	$1.9B	$1.8B+18.7%	$1.5B-10.4%	$1.7B-2.4%	$1.7B+31.2%	$1.3B+23.4%	$1.1B-7.1%	$1.1B-3.0%	$1.2B+20.3%	$968.1M+48.1%	$653.8M+2.6%	$637.5M+13.9%	$559.7M+9.1%	$513.0M+0.2%	$511.8M+1.2%	$505.6M
SG&A Expenses	$1.4B	$1.3B+17.5%	$1.1B-16.1%	$1.3B+0.6%	$1.3B+38.3%	$915.4M+38.7%	$659.9M+1.8%	$648.1M-6.8%	$695.5M+0.7%	$690.5M+49.6%	$461.4M-3.7%	$479.0M+5.3%	$454.7M+14.7%	$396.2M-0.1%	$396.5M-2.5%	$406.7M
Operating Income	$4.4B	$2.9B+44.3%	$2.0B-46.8%	$3.8B+16.6%	$3.3B+93.8%	$1.7B+12.9%	$1.5B-12.4%	$1.7B-9.9%	$1.9B+63.4%	$1.2B+13.1%	$1.0B+23.7%	$830.8M+10.4%	$752.5M-0.1%	$753.1M-8.6%	$824.0M-23.1%	$1.1B
EBITDA	N/A	$4.9B+19.2%	$4.1B-32.4%	$6.1B+9.7%	$5.6B+101.5%	$2.8B+19.8%	$2.3B-8.4%	$2.5B-6.6%	$2.7B+54.5%	$1.7B+41.1%	$1.2B+17.6%	$1.1B+17.7%	$894.5M+3.6%	$863.5M-7.5%	$933.9M-21.5%	$1.2B
Interest Expense	$339.8M	$317.7M-1.4%	$322.2M+21.8%	$264.6M+32.1%	$200.4M+8.4%	$184.8M-4.4%	$193.3M-15.6%	$229.1M-9.7%	$253.6M+1.1%	$250.8M+182.6%	$88.8M+228.4%	$27.0M-22.3%	$34.8M+28.3%	$27.1M+2.6%	$26.4M+38.0%	$19.1M
Income Tax	$498.0M	$444.8M+213.1%	$142.1M-51.6%	$293.4M-16.2%	$350.2M+667.5%	-$61.7M-167.9%	$90.9M-26.0%	$122.7M-17.3%	$148.3M+14.7%	$129.4M+35.8%	$95.3M-15.9%	$113.2M+13.2%	$100.0M-29.5%	$141.8M-12.6%	$162.3M-19.1%	$200.6M
Net Income	$3.7B	$2.3B+38.7%	$1.6B-50.7%	$3.3B+20.6%	$2.7B+97.7%	$1.4B+13.9%	$1.2B-10.4%	$1.4B-9.6%	$1.5B+87.1%	$805.4M-6.5%	$861.7M+23.6%	$696.9M+10.7%	$629.3M-6.6%	$673.5M+3.4%	$651.2M-24.9%	$867.4M
EPS (Basic)	N/A	$4.59+39.1%	$3.30-50.0%	$6.60+24.8%	$5.29+51.1%	$3.50+5.7%	$3.31-10.1%	$3.68-9.1%	$4.05+74.6%	$2.32-16.8%	$2.79+25.1%	$2.23+10.9%	$2.01-8.2%	$2.19+0.5%	$2.18-24.8%	$2.90
EPS (Diluted)	$8.42	$4.56+39.0%	$3.28-49.9%	$6.55+24.8%	$5.25+51.7%	$3.46+5.5%	$3.28-10.1%	$3.65-8.8%	$4.00+74.7%	$2.29-17.0%	$2.76+25.5%	$2.20+11.1%	$1.98-7.5%	$2.14+0.5%	$2.13-24.2%	$2.81
Diluted Shares (Avg)	N/A	497M-0.4%	499M-1.4%	506M-3.3%	523M+30.4%	401M+7.9%	372M-0.2%	373M-0.6%	375M+7.0%	350M+12.2%	312M-1.4%	317M-0.4%	318M+1.3%	314M+2.6%	306M-0.7%	308M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$4.0B+39.6%	$3.6B+37.2%	$3.2B+30.4%	$2.3B-7.6%	$2.9B+24.6%	$2.6B+22.3%	$2.4B-3.6%	$2.5B-6.8%
Cost of Revenue	$1.3B+20.5%	$1.2B+15.1%	$1.1B+12.3%	$1.0B-5.7%	$1.1B+9.0%	$1.0B+5.1%	$992.9M-4.4%	$1.1B+0.3%
Gross Profit	$2.7B+51.3%	$2.4B+51.4%	$2.0B+43.0%	$1.3B-9.1%	$1.8B+36.5%	$1.6B+36.6%	$1.4B-3.0%	$1.5B-11.4%
R&D Expenses	$533.5M+17.4%	$509.3M+15.3%	$467.4M+16.0%	$402.5M+9.5%	$454.3M+25.3%	$441.8M+24.5%	$402.9M+2.9%	$367.4M-9.6%
SG&A Expenses	$397.3M+22.0%	$362.8M+19.9%	$345.3M+21.2%	$281.7M-0.3%	$325.7M+26.6%	$302.7M+24.0%	$284.8M-1.8%	$282.5M-2.2%
Operating Income	$1.6B+97.2%	$1.4B+103.5%	$997.0M+102.9%	$439.5M-33.8%	$818.0M+66.5%	$677.9M+75.6%	$491.3M-16.2%	$664.0M+4.7%
EBITDA	$2.1B+61.4%	$1.9B+58.7%	$1.5B+47.7%	$959.9M-19.6%	$1.3B+27.8%	$1.2B+28.9%	$1.0B-9.4%	$1.2B+2.0%
Interest Expense	$88.7M+11.5%	$87.6M+17.3%	$86.3M+14.7%	$77.1M-9.0%	$79.6M-6.6%	$74.7M-3.1%	$75.3M-2.4%	$84.7M+18.3%
Income Tax	$205.8M-16.0%	$148.5M+164.4%	$115.0M+159.9%	$28.7M-35.8%	$244.9M+696.2%	$56.2M+151.1%	$44.3M-12.7%	$44.7M-39.1%
Net Income	$1.3B+158.4%	$1.2B+106.5%	$830.8M+112.3%	$348.2M-36.6%	$518.5M+32.2%	$569.8M+88.5%	$391.3M-15.4%	$549.5M+10.2%
EPS (Basic)	$2.76+162.9%	$2.41+109.6%	$1.70+115.2%	$1.60+64.9%	$1.05+32.9%	$1.15+88.5%	$0.79-15.1%	$0.97-4.0%
EPS (Diluted)	$2.74+163.5%	$2.40+110.5%	$1.69+116.7%	$1.59	$1.04+31.6%	$1.14+86.9%	$0.78-16.1%	$0.96-4.0%
Diluted Shares (Avg)	489M-1.6%	490M-1.6%	492M-1.4%	N/A	497M-0.4%	498M-0.1%	499M0.0%	N/A

ADI Balance Sheet

ADI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$48.0B-0.5%	$48.2B-1.2%	$48.8B-3.0%	$50.3B-3.9%	$52.3B+143.7%	$21.5B+0.4%	$21.4B+4.7%	$20.4B-3.3%	$21.1B+165.3%	$8.0B+12.9%	$7.1B+2.9%	$6.9B+7.5%	$6.4B+13.5%	$5.6B+6.5%	$5.3B
Current Assets	$7.1B+29.6%	$5.5B+25.1%	$4.4B-11.2%	$4.9B-8.2%	$5.4B+113.6%	$2.5B+26.8%	$2.0B-6.0%	$2.1B-10.2%	$2.4B-52.7%	$5.0B+21.9%	$4.1B+7.0%	$3.8B-30.3%	$5.5B+16.5%	$4.7B+7.1%	$4.4B
Cash & Equivalents	$2.5B+25.5%	$2.0B+107.9%	$958.1M-34.9%	$1.5B-25.7%	$2.0B+87.3%	$1.1B+62.9%	$648.3M-20.6%	$816.6M-22.1%	$1.0B+13.8%	$921.1M+4.2%	$884.4M+55.4%	$569.2M+45.2%	$392.1M-25.9%	$528.8M-62.4%	$1.4B
Short-Term Investments	$1.2B+210.1%	$371.8M	$0	$0	$0	$0	$0	$0	$0-100.0%	$3.1B+46.2%	$2.1B-6.6%	$2.3B-46.5%	$4.3B+27.3%	$3.4B+54.1%	$2.2B
Inventory	$1.7B+14.4%	$1.4B-11.8%	$1.6B+17.3%	$1.4B+16.6%	$1.2B+97.4%	$608.3M-0.3%	$609.9M+3.9%	$586.8M+6.5%	$550.8M+46.3%	$376.6M-8.7%	$412.3M+12.1%	$367.9M+29.9%	$283.3M-9.7%	$313.7M+6.3%	$295.1M
Accounts Receivable	$1.4B+7.5%	$1.3B-9.1%	$1.5B-18.4%	$1.8B+23.4%	$1.5B+97.8%	$737.5M+16.1%	$635.1M-0.7%	$639.7M-7.1%	$689.0M+44.3%	$477.6M+2.4%	$466.5M+17.6%	$396.6M+22.0%	$325.1M-4.3%	$339.9M-2.4%	$348.4M
Long-Term Investments	$0	$0	$0-100.0%	$122.3M-4.4%	$127.9M+47.4%	$86.7M+12.2%	$77.3M+169.1%	$28.7M+15.7%	$24.8M+13.2%	$21.9M+25.5%	$17.5M+30.5%	$13.4M+251.1%	$3.8M+110.1%	$1.8M-38.5%	$3.0M
Goodwill	$26.9B+0.1%	$26.9B0.0%	$26.9B0.0%	$26.9B0.0%	$26.9B+119.2%	$12.3B+0.2%	$12.3B0.0%	$12.3B+0.3%	$12.2B+627.6%	$1.7B+2.6%	$1.6B-0.4%	$1.6B+478.1%	$284.1M+0.1%	$283.8M+3.2%	$275.1M
Total Liabilities	$14.2B+8.6%	$13.1B-1.3%	$13.2B-4.4%	$13.8B-3.4%	$14.3B+51.3%	$9.5B-2.2%	$9.7B+5.6%	$9.2B-16.5%	$11.0B+291.5%	$2.8B+41.2%	$2.0B-5.5%	$2.1B+28.0%	$1.6B+12.9%	$1.5B-1.8%	$1.5B
Current Liabilities	$3.2B+8.6%	$3.0B-6.6%	$3.2B+31.0%	$2.4B-11.8%	$2.8B+103.0%	$1.4B-9.5%	$1.5B+43.4%	$1.1B-34.1%	$1.6B+103.9%	$782.9M-29.7%	$1.1B+57.1%	$709.1M+24.3%	$570.5M+8.7%	$525.1M0.0%	$525.0M
Non-Current Liabilities	$10.9B+8.6%	$10.1B+0.4%	$10.0B-12.0%	$11.4B-1.4%	$11.6B+42.6%	$8.1B-0.8%	$8.2B+0.7%	$8.1B-13.5%	$9.4B+364.1%	$2.0B+131.8%	$872.2M-37.4%	$1.4B+30.0%	$1.1B+15.2%	$929.9M-2.9%	$957.2M
Long-Term Debt	$8.1B+22.8%	$6.6B+12.4%	$5.9B-9.9%	$6.5B-3.4%	$6.8B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$33.8B-3.9%	$35.2B-1.1%	$35.6B-2.5%	$36.5B-4.0%	$38.0B+216.7%	$12.0B+2.5%	$11.7B+3.9%	$11.3B+10.9%	$10.2B+96.7%	$5.2B+1.8%	$5.1B+6.6%	$4.8B+0.4%	$4.7B+13.8%	$4.2B+9.7%	$3.8B
Retained Earnings	$10.5B+3.4%	$10.2B-1.5%	$10.4B+18.8%	$8.7B+16.0%	$7.5B+3.9%	$7.2B+4.9%	$6.9B+15.3%	$6.0B+21.8%	$4.9B+2.6%	$4.8B+7.9%	$4.4B+4.9%	$4.2B+4.3%	$4.1B+7.1%	$3.8B+8.8%	$3.5B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$48.4B+0.5%	$47.9B+1.3%	$48.0B0.0%	$48.0B-0.5%	$48.2B-0.9%	$47.3B-3.1%	$48.0B-0.9%	$48.2B-1.2%
Current Assets	$7.1B+2.1%	$7.8B+39.7%	$7.6B+32.6%	$7.1B+29.6%	$6.9B+27.2%	$5.6B+7.6%	$5.7B+29.8%	$5.5B+25.1%
Cash & Equivalents	$2.2B-6.7%	$2.4B+2.6%	$2.9B+23.7%	$2.5B+25.5%	$2.3B+10.2%	$2.4B+22.5%	$2.3B+80.3%	$2.0B+107.9%
Short-Term Investments	$159.1M-86.1%	$1.0B	$1.1B+207.7%	$1.2B+210.1%	$1.1B+161.1%	$0-100.0%	$371.5M	$371.8M
Inventory	$1.9B+21.0%	$1.8B+21.2%	$1.8B+19.8%	$1.7B+14.4%	$1.6B+11.8%	$1.5B+3.1%	$1.5B-5.1%	$1.4B-11.8%
Accounts Receivable	$2.4B+53.8%	$2.1B+48.4%	$1.4B+14.1%	$1.4B+7.5%	$1.6B+37.8%	$1.4B+37.6%	$1.2B-0.4%	$1.3B-9.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$28.0B+3.9%	$27.0B+0.1%	$26.9B0.0%	$26.9B+0.1%	$26.9B+0.1%	$26.9B+0.1%	$26.9B+0.1%	$26.9B0.0%
Total Liabilities	$14.9B+5.4%	$14.2B+15.2%	$14.2B+10.1%	$14.2B+8.6%	$14.1B+5.1%	$12.3B-9.4%	$12.9B+0.4%	$13.1B-1.3%
Current Liabilities	$5.7B+89.9%	$4.5B+65.6%	$4.3B+45.8%	$3.2B+8.6%	$3.0B-7.7%	$2.7B-18.4%	$3.0B+1.6%	$3.0B-6.6%
Non-Current Liabilities	$9.2B-17.2%	$9.8B+1.1%	$9.9B-0.5%	$10.9B+8.6%	$11.1B+9.1%	$9.6B-6.5%	$9.9B+0.1%	$10.1B+0.4%
Long-Term Debt	$6.8B-16.8%	$7.2B+8.8%	$7.2B+9.4%	$8.1B+22.8%	$8.1B+22.3%	$6.6B+0.6%	$6.6B+11.3%	$6.6B+12.4%
Total Equity	$33.6B-1.6%	$33.7B-3.6%	$33.8B-3.7%	$33.8B-3.9%	$34.1B-3.1%	$35.0B-0.7%	$35.1B-1.3%	$35.2B-1.1%
Retained Earnings	$12.3B+20.4%	$11.5B+12.9%	$10.9B+7.4%	$10.5B+3.4%	$10.2B+0.6%	$10.2B-0.3%	$10.1B-2.5%	$10.2B-1.5%

ADI Cash Flow Statement

ADI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$5.5B	$4.8B+24.9%	$3.9B-20.0%	$4.8B+7.6%	$4.5B+63.6%	$2.7B+36.2%	$2.0B-10.9%	$2.3B-7.7%	$2.4B+111.6%	$1.2B-10.6%	$1.3B+42.3%	$907.8M+4.2%	$871.6M-4.5%	$912.3M+12.0%	$814.5M-9.5%	$900.5M
Depreciation & Amortization	N/A	$2.0B-5.0%	$2.1B-8.2%	$2.3B-0.2%	$2.3B+113.8%	$1.1B+32.5%	$810.9M0.0%	$811.3M+1.5%	$799.1M+36.8%	$584.1M+178.4%	$209.8M-5.6%	$222.2M+56.5%	$142.0M+28.6%	$110.4M+0.5%	$109.8M-7.1%	$118.2M
Stock-Based Compensation	N/A	$321.6M+22.4%	$262.7M-12.4%	$299.8M-7.3%	$323.5M+32.8%	$243.6M+62.9%	$149.5M-0.5%	$150.3M-0.6%	$151.2M+45.1%	$104.2M+64.3%	$63.4M-8.0%	$68.9M+35.6%	$50.8M-10.7%	$56.9M+6.3%	$53.5M+2.2%	$52.4M
Capital Expenditures	$607.8M	$533.6M-27.0%	$730.5M-42.1%	$1.3B+80.4%	$699.3M+103.5%	$343.7M+107.4%	$165.7M-39.8%	$275.4M+8.0%	$254.9M+24.9%	$204.1M+60.2%	$127.4M-17.3%	$154.0M-13.5%	$177.9M+44.6%	$123.1M-6.9%	$132.2M+7.5%	$123.0M
Free Cash Flow	$4.9B	$4.3B+37.0%	$3.1B-12.2%	$3.6B-5.8%	$3.8B+57.9%	$2.4B+29.8%	$1.8B-6.8%	$2.0B-9.6%	$2.2B+130.2%	$950.3M-18.4%	$1.2B+54.4%	$753.8M+8.7%	$693.7M-12.1%	$789.3M+15.7%	$682.4M-12.2%	$777.5M
Investing Cash Flow	-$1.1B	-$1.3B-19.6%	-$1.1B+12.8%	-$1.3B-92.6%	-$657.4M-130.7%	$2.1B+1287.4%	-$180.5M+38.4%	-$293.2M+6.6%	-$314.0M+95.3%	-$6.6B-443.2%	-$1.2B-7014.0%	-$17.1M+85.1%	-$114.8M+87.9%	-$949.9M+29.1%	-$1.3B-90.4%	-$703.7M
Financing Cash Flow	-$4.6B	-$3.0B-74.0%	-$1.7B+57.8%	-$4.1B+5.3%	-$4.3B-8.4%	-$4.0B-178.7%	-$1.4B+33.2%	-$2.1B+9.8%	-$2.4B-142.2%	$5.6B+16842.0%	-$33.4M+94.2%	-$571.6M+0.9%	-$576.6M-473.4%	-$100.6M+71.2%	-$349.6M-352.2%	$138.6M
Dividends Paid	$2.0B	$1.9B+7.2%	$1.8B+6.9%	$1.7B+8.7%	$1.5B+39.2%	$1.1B+25.2%	$886.2M+14.0%	$777.5M+10.5%	$703.3M+16.8%	$602.1M+17.3%	$513.2M+4.5%	$491.1M+8.1%	$454.2M+11.9%	$406.0M+17.8%	$344.7M+22.4%	$281.6M
Share Buybacks	$3.1B	$2.2B+251.6%	$615.6M-79.2%	$3.0B+15.0%	$2.6B-1.1%	$2.6B+965.6%	$244.5M-60.1%	$613.0M+171.3%	$226.0M+385.6%	$46.5M-87.4%	$370.1M+63.1%	$227.0M-36.3%	$356.3M+488.7%	$60.5M-62.4%	$161.0M-51.3%	$330.5M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$1.6B+37.7%	$872.0M+6.4%	$1.4B+21.5%	$1.7B+61.9%	$1.2B+36.3%	$819.5M+1.4%	$1.1B-1.1%	$1.1B-11.5%
Depreciation & Amortization	$494.2M+1.4%	$490.9M-1.9%	$490.5M-4.9%	$495.3M-4.8%	$487.3M-8.1%	$500.6M-5.2%	$515.6M-1.8%	$520.5M-2.9%
Stock-Based Compensation	N/A	N/A	$85.7M+10.4%	N/A	N/A	N/A	$77.6M+11.1%	N/A
Capital Expenditures	$145.7M+84.0%	$137.7M+52.5%	$109.3M-26.6%	$215.2M+30.1%	$79.2M-48.6%	$90.3M-52.0%	$149.0M-33.2%	$165.4M-65.3%
Free Cash Flow	$1.5B+34.3%	$734.3M+0.7%	$1.3B+28.8%	$1.5B+67.8%	$1.1B+54.9%	$729.2M+17.7%	$977.8M+6.8%	$885.4M+24.5%
Investing Cash Flow	-$714.9M+41.9%	-$51.9M-115.8%	-$107.0M+44.9%	-$225.3M-101.9%	-$1.2B-614.9%	$328.2M+154.5%	-$194.3M+11.3%	-$111.6M+76.7%
Financing Cash Flow	-$1.2B-11748.3%	-$1.3B-14.9%	-$855.0M-49.0%	-$1.3B-23.1%	$10.0M+101.9%	-$1.1B-360.6%	-$573.9M+0.1%	-$1.1B-17.2%
Dividends Paid	$535.3M+9.2%	$536.5M+9.3%	$484.3M+6.1%	$486.9M+6.6%	$490.2M+7.4%	$491.0M+7.6%	$456.3M+7.1%	$456.8M+6.7%
Share Buybacks	$1.2B+7.6%	$772.9M+210.8%	$516.5M+222.1%	$680.5M+617.2%	$1.1B+811.3%	$248.6M+11.8%	$160.4M-11.1%	$94.9M-79.8%

ADI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ADI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	61.5%+4.4pp	57.1%-6.9pp	64.0%+1.3pp	62.7%+0.9pp	61.8%-4.0pp	65.9%-1.1pp	67.0%-1.5pp	68.5%+6.5pp	62.0%-3.1pp	65.1%-0.7pp	65.8%+1.9pp	63.9%-0.4pp	64.3%-0.2pp	64.5%-1.9pp	66.4%
Operating Margin	26.6%+5.0pp	21.6%-9.5pp	31.1%+3.8pp	27.3%+4.2pp	23.1%-3.6pp	26.7%-1.8pp	28.5%-2.1pp	30.6%+7.9pp	22.8%-7.3pp	30.0%+5.9pp	24.2%-2.1pp	26.3%-2.3pp	28.6%-1.9pp	30.5%-5.3pp	35.8%
Net Margin	20.6%+3.2pp	17.3%-9.6pp	26.9%+4.1pp	22.9%+3.9pp	19.0%-2.8pp	21.8%-1.0pp	22.8%-1.5pp	24.3%+8.5pp	15.8%-9.4pp	25.2%+4.9pp	20.3%-1.7pp	22.0%-3.6pp	25.6%+1.5pp	24.1%-4.9pp	29.0%
Return on Equity	6.7%+2.1pp	4.7%-4.7pp	9.3%+1.8pp	7.5%+3.9pp	3.7%-6.5pp	10.2%-1.5pp	11.6%-1.7pp	13.4%+5.4pp	7.9%-8.8pp	16.7%+2.9pp	13.7%+0.5pp	13.2%-1.0pp	14.2%-1.4pp	15.6%-7.2pp	22.9%
Return on Assets	4.7%+1.3pp	3.4%-3.4pp	6.8%+1.3pp	5.5%+2.8pp	2.7%-3.0pp	5.7%-0.7pp	6.4%-1.0pp	7.4%+3.6pp	3.8%-7.0pp	10.8%+0.9pp	9.9%+0.7pp	9.2%-1.4pp	10.5%-1.0pp	11.6%-4.8pp	16.4%
Current Ratio	2.19+0.4x	1.84+0.5x	1.37-0.7x	2.02+0.1x	1.94+0.1x	1.84+0.5x	1.32-0.7x	2.01+0.5x	1.47-4.9x	6.35+2.7x	3.66-1.7x	5.38-4.2x	9.59+0.6x	8.94+0.6x	8.35
Debt-to-Equity	0.24+0.1x	0.190.0x	0.170.0x	0.180.0x	0.18-0.6x	0.790.0x	0.830.0x	0.81-0.3x	1.08+0.5x	0.54+0.2x	0.39-0.1x	0.44+0.1x	0.350.0x	0.350.0x	0.39
Asset Turnover	0.230.0x	0.20-0.1x	0.250.0x	0.24+0.1x	0.14-0.1x	0.260.0x	0.280.0x	0.30+0.1x	0.24-0.2x	0.43-0.1x	0.49+0.1x	0.420.0x	0.41-0.1x	0.48-0.1x	0.57
FCF Margin	38.8%+5.7pp	33.1%+4.2pp	28.9%-2.5pp	31.4%-1.2pp	32.7%-0.2pp	32.9%-0.1pp	33.0%-2.3pp	35.3%+16.7pp	18.6%-15.4pp	34.0%+12.1pp	21.9%-2.3pp	24.2%-5.8pp	30.0%+4.7pp	25.3%-0.7pp	26.0%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	67.3%+5.2pp	67.3%+6.3pp	64.7%+5.7pp	56.7%-0.9pp	62.1%+5.4pp	61.0%+6.4pp	59.0%+0.4pp	57.6%-3.0pp
Operating Margin	40.1%+11.7pp	38.1%+12.4pp	31.6%+11.3pp	18.8%-7.4pp	28.4%+7.1pp	25.7%+7.8pp	20.3%-3.0pp	26.2%+2.9pp
Net Margin	33.3%+15.3pp	32.5%+10.9pp	26.3%+10.1pp	14.9%-6.8pp	18.0%+1.0pp	21.6%+7.6pp	16.2%-2.3pp	21.7%+3.4pp
Return on Equity	4.0%+2.5pp	3.5%+1.9pp	2.5%+1.3pp	1.0%-0.5pp	1.5%+0.4pp	1.6%+0.8pp	1.1%-0.2pp	1.6%+0.2pp
Return on Assets	2.8%+1.7pp	2.5%+1.3pp	1.7%+0.9pp	0.7%-0.4pp	1.1%+0.3pp	1.2%+0.6pp	0.8%-0.1pp	1.1%+0.1pp
Current Ratio	1.25-1.1x	1.75-0.3x	1.76-0.2x	2.19+0.4x	2.32+0.6x	2.08+0.5x	1.93+0.4x	1.84+0.5x
Debt-to-Equity	0.200.0x	0.210.0x	0.210.0x	0.24+0.1x	0.240.0x	0.190.0x	0.190.0x	0.190.0x
Asset Turnover	0.080.0x	0.080.0x	0.070.0x	0.050.0x	0.060.0x	0.060.0x	0.050.0x	0.050.0x
FCF Margin	36.3%-1.4pp	20.3%-7.4pp	39.8%-0.5pp	63.5%+28.6pp	37.7%+7.4pp	27.6%-1.1pp	40.4%+3.9pp	35.0%+8.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Analog Devices, Inc. ADI	FY2025	$11.0B	$2.3B	20.6%	$202.1B	61/100
Intel Corp INTC	FY2025	$52.9B	-$267.0M	-0.5%	$630.8B	25/100
Qualcomm Inc QCOM	FY2025	$44.3B	$5.5B	12.5%	$197.5B	78/100
Texas Instruments Incorporated TXN	FY2025	$17.7B	$5.0B	28.3%	$268.3B	68/100
Micron Technology, Inc. MU	FY2025	$37.4B	$8.5B	22.8%	$1.2T	57/100
Arm Holdings ARM	FY2026	$4.9B	$904.0M	18.4%	$328.4B	77/100

Where Analog Devices, Inc. Ranks

Frequently Asked Questions

What is Analog Devices, Inc.'s annual revenue?

Analog Devices, Inc. (ADI) reported $11.0B in total revenue for fiscal year 2025. This represents a 16.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Analog Devices, Inc.'s revenue growing?

Analog Devices, Inc. (ADI) revenue grew by 16.9% year-over-year, from $9.4B to $11.0B in fiscal year 2025.

Is Analog Devices, Inc. profitable?

Yes, Analog Devices, Inc. (ADI) reported a net income of $2.3B in fiscal year 2025, with a net profit margin of 20.6%.

What is Analog Devices, Inc.'s EBITDA?

Analog Devices, Inc. (ADI) had EBITDA of $4.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Analog Devices, Inc. have?

As of fiscal year 2025, Analog Devices, Inc. (ADI) had $2.5B in cash and equivalents against $8.1B in long-term debt.

What is Analog Devices, Inc.'s gross margin?

Analog Devices, Inc. (ADI) had a gross margin of 61.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Analog Devices, Inc.'s operating margin?

Analog Devices, Inc. (ADI) had an operating margin of 26.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Analog Devices, Inc.'s net profit margin?

Analog Devices, Inc. (ADI) had a net profit margin of 20.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Analog Devices, Inc. pay dividends?

Yes, Analog Devices, Inc. (ADI) paid $3.89 per share in dividends during fiscal year 2025.

What is Analog Devices, Inc.'s return on equity (ROE)?

Analog Devices, Inc. (ADI) has a return on equity of 6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Analog Devices, Inc.'s free cash flow?

Analog Devices, Inc. (ADI) generated $4.3B in free cash flow during fiscal year 2025. This represents a 37.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Analog Devices, Inc.'s operating cash flow?

Analog Devices, Inc. (ADI) generated $4.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Analog Devices, Inc.'s total assets?

Analog Devices, Inc. (ADI) had $48.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Analog Devices, Inc.'s capital expenditures?

Analog Devices, Inc. (ADI) invested $533.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Analog Devices, Inc. spend on research and development?

Analog Devices, Inc. (ADI) invested $1.8B in research and development during fiscal year 2025.

Does Analog Devices, Inc. buy back shares?

Yes, Analog Devices, Inc. (ADI) spent $2.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Analog Devices, Inc. have outstanding?

Analog Devices, Inc. (ADI) had 490M shares outstanding as of fiscal year 2025.

What is Analog Devices, Inc.'s current ratio?

Analog Devices, Inc. (ADI) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.

What is Analog Devices, Inc.'s debt-to-equity ratio?

Analog Devices, Inc. (ADI) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Analog Devices, Inc.'s return on assets (ROA)?

Analog Devices, Inc. (ADI) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Analog Devices, Inc.'s P/E ratio?

Analog Devices, Inc. (ADI) trades at 54.7x earnings, its market capitalization divided by net income of $3.7B net income, trailing 12 months to August 1, 2026. The market capitalization is $202.1B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Analog Devices, Inc.'s price-to-sales ratio?

Analog Devices, Inc. (ADI) trades at 15.4x sales, its market capitalization divided by revenue of $13.1B revenue, trailing 12 months to August 1, 2026. The market capitalization is $202.1B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Analog Devices, Inc.'s Altman Z-Score?

Analog Devices, Inc. (ADI) has an Altman Z-Score of 9.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Analog Devices, Inc.'s Piotroski F-Score?

Analog Devices, Inc. (ADI) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Analog Devices, Inc.'s earnings high quality?

Analog Devices, Inc. (ADI) has an earnings quality ratio of 2.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Analog Devices, Inc. cover its interest payments?

Analog Devices, Inc. (ADI) has an interest coverage ratio of 9.23x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Analog Devices, Inc.?

Analog Devices, Inc. (ADI) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.