Analog Devices $ADI

Information Technology · Semiconductors · NASDAQ

Profile updated

$397.05
+2.70 (+0.68%)
As of Oct 21, 2026, 12:03 AM EDT
Price history
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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Aug 17, 2026, the first target we tracked for ADI.

Key facts

52-week range (closes)
$225.20 – $445.48 Lowest close Nov 20, 2025, highest Jun 22, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends
November Fiscal 2025 ended Nov 1, 2025, from SEC filings
In the S&P 500 since
Oct 12, 1999 · All S&P 500 changes
In the Nasdaq-100 since
Dec 24, 2012, replacing Apollo Group (APOL), Electronic Arts (EA), Flextronics (FLEX), Green Mountain Coffee Roasters (GMCR), Lam Research (LRCX), Marvell Technology Group (MRVL), Netflix (NFLX), Research in Motion (RIMM), VeriSign (VRSN) and Warner Chilcott (WCRX) · Annual index reconstitution. · All Nasdaq-100 changes
Analyst coverage
1 open price target from 1 firm: Cantor Fitzgerald Approved targets tracked here; see the analyst section below

Analog Devices (ADI) is trading up at $397.05 (+0.68%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.

Analyst price targets on ADI

One firm's current price target on Analog Devices: $550 — 39% above the current $397. Each is tracked to its date and scored the same way a member's call is.

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Analog Devices revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$12.3B$6.15B$0FY2016 revenue: $3.42BFY2016 net income: $861.7M · Net margin 25.2%'16FY2017 revenue: $5.25BFY2017 net income: $805.4M · Net margin 15.4%'17FY2018 revenue: $6.22BFY2018 net income: $1.51B · Net margin 24.2%'18FY2019 revenue: $5.99BFY2019 net income: $1.36B · Net margin 22.8%'19FY2020 revenue: $5.60BFY2020 net income: $1.22B · Net margin 21.8%'20FY2021 revenue: $7.32BFY2021 net income: $1.39B · Net margin 19.0%'21FY2022 revenue: $12.0BFY2022 net income: $2.75B · Net margin 22.9%'22FY2023 revenue: $12.3BFY2023 net income: $3.31B · Net margin 26.9%'23FY2024 revenue: $9.43BFY2024 net income: $1.64B · Net margin 17.3%'24FY2025 revenue: $11.0BFY2025 net income: $2.27B · Net margin 20.6%'250%10%20%30%FY2016 net margin: 25.2%FY2017 net margin: 15.4%FY2018 net margin: 24.2%FY2019 net margin: 22.8%FY2020 net margin: 21.8%FY2021 net margin: 19.0%FY2022 net margin: 22.9%FY2023 net margin: 26.9%FY2024 net margin: 17.3%FY2025 net margin: 20.6%
Analog Devices annual financial statements
FY2016Oct 2016FY2017Oct 2017FY2018Nov 2018FY2019Nov 2019FY2020Oct 2020FY2021Oct 2021FY2022Oct 2022FY2023Oct 2023FY2024Nov 2024FY2025Nov 2025
Income statement
Revenue$3.42B$5.25B$6.22B$5.99B$5.60B$7.32B$12.0B$12.3B$9.43B$11.0B
Growth (year over year)−0.4%+53.3%+18.6%−3.8%−6.5%+30.6%+64.2%+2.4%−23.4%+16.9%
Gross profit$2.23B$3.17B$4.25B$4.01B$3.69B$4.53B$7.53B$7.88B$5.38B$6.77B
Gross margin65.1%60.4%68.3%67.0%65.9%61.8%62.7%64.0%57.1%61.5%
Operating income$1.03B$1.16B$1.90B$1.71B$1.50B$1.69B$3.28B$3.82B$2.03B$2.93B
Operating margin30.0%22.2%30.5%28.6%26.7%23.1%27.3%31.1%21.6%26.6%
Net income$861.7M$805.4M$1.51B$1.36B$1.22B$1.39B$2.75B$3.31B$1.64B$2.27B
Net margin25.2%15.4%24.2%22.8%21.8%19.0%22.9%26.9%17.3%20.6%
EPS (diluted)————$3.28$3.46$5.25$6.55$3.28$4.56
Balance sheet
Cash and equivalents$921.1M$1.05B$816.6M$648.3M$1.06B$1.98B$1.47B$958.1M$1.99B$2.50B
Total assets$7.97B$21.1B$20.4B$21.4B$21.5B$52.3B$50.3B$48.8B$48.2B$48.0B
Total liabilities$2.80B$11.0B$9.17B$9.68B$9.47B$14.3B$13.8B$13.2B$13.1B$14.2B
Long-term debt—————$6.78B$6.55B$5.90B$6.63B$8.15B
Shareholders' equity$5.17B$10.2B$11.3B$11.7B$12.0B$38.0B$36.5B$35.6B$35.2B$33.8B
Cash flow
Operating cash flow$1.29B$1.15B$2.44B$2.25B$2.01B$2.74B$4.48B$4.82B$3.85B$4.81B
Capital expenditure$127.4M$204.1M$254.9M$275.4M$165.7M$343.7M$699.3M$1.26B$730.5M$533.6M
Free cash flow$1.16B$950.3M$2.19B$1.98B$1.84B$2.39B$3.78B$3.56B$3.12B$4.28B
Dividends paid$513.2M$602.1M$703.3M$777.5M$886.2M$1.11B$1.54B$1.68B$1.80B$1.92B
Share buybacks$370.1M$46.5M$226.0M$613.0M$244.5M$2.61B$2.58B$2.96B$615.6M$2.16B

From Analog Devices's 10-K and 10-Q filings with the SEC; its fiscal year ends in November. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Analog Devices vs the Information Technology sector and the S&P 500

Analog Devices's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Analog Devices compared with the median Information Technology company and the median S&P 500 company
MeasureAnalog DevicesInformation Technology (75 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year+16.9%+13.7%+7.0%
Net margin, latest fiscal year20.6%16.5%12.9%
Dividend per share, latest fiscal year$3.89$1.82$2.40
Share price change, 1 year+61.3%+13.1%+7.5%

Analog Devices: fiscal year ended November 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Analog Devices included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Analog Devices

Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.

Source: Wikipedia — Analog Devices

Headquarters
Wilmington, Massachusetts From SEC filings, Oct 2026

Company profile

Analog Devices, Inc. (ADI), incorporated in Massachusetts in 1965 and with its corporate headquarters in Wilmington, Massachusetts, describes itself in its annual report for fiscal 2025 (Form 10-K) as a global semiconductor leader dedicated to solving its customers' most complex engineering challenges. Its products are built on high-performance analog, mixed-signal and digital signal processing technologies, and its product categories include data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors. Its fiscal year is the 52-week or 53-week period ending on the Saturday closest to the last day in October: fiscal 2025, which ended November 1, 2025, was 52 weeks and fiscal 2024 was 53 weeks. It had approximately 24,500 employees as of November 1, 2025, of whom approximately 13,000 were in engineering roles (10-K). Its common stock is listed on the Nasdaq Global Select Market under the symbol ADI.

For fiscal 2025 the consolidated statements of income report revenue of $11,019,707 thousand, compared with $9,427,157 thousand in fiscal 2024, operating income of $2,932,496 thousand and net income of $2,267,342 thousand, or $4.56 per diluted share. The 10-K says revenue increased 17% in fiscal 2025 as compared to fiscal 2024. Net cash provided by operating activities was $4,812,202 thousand. At November 1, 2025 total assets were $47,992,712 thousand and total shareholders' equity was $33,815,755 thousand, and the 10-K says ADI had approximately $8.6 billion in outstanding indebtedness.

ADI reports one operating segment and one reportable segment (10-K, segment note). By end market, fiscal 2025 revenue was $4,929,409 thousand from industrial, $3,277,865 thousand from automotive, $1,434,568 thousand from consumer and $1,377,865 thousand from communications customers. Sales to distributors were $6,144,819 thousand, 56% of revenue. By region, revenue was $3,238,145 thousand from the United States and $2,858,286 thousand from China (10-K). It has internal production facilities in Wilmington, Massachusetts; Camas, Washington; Beaverton, Oregon; and Limerick, Ireland, and sources more than half of its wafer requirements from third-party foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) (10-K).

According to its 10-Q for the quarter ended August 1, 2026 (unaudited), the third quarter of fiscal 2026, revenue was $4,021,899 thousand for the quarter and $10,805,627 thousand for the first nine months, and net income was $1,340,090 thousand for the quarter, or $2.74 per diluted share. On July 7, 2026 ADI completed the acquisition of Empower Semiconductor, Inc., a provider of integrated voltage regulators and power management solutions, for approximately $1.5 billion, and on July 2, 2026 it entered into a 364-day unsecured revolving credit facility of up to $3.0 billion, expiring July 1, 2027, in addition to its existing credit agreement (10-Q). In its August 19, 2026 press release ADI forecast fourth-quarter fiscal 2026 revenue of $4.3 billion, +/- $100 million, reported EPS of $3.14, +/- $0.15, and adjusted EPS of $3.86, +/- $0.15 (company projections; adjusted EPS is non-GAAP).

On September 9, 2026 ADI announced an agreement to acquire Alif Semiconductor, a maker of EdgeAI microcontrollers and fusion processors, for $1.35 billion of upfront consideration in cash plus up to $200 million of contingent consideration; it said the transaction is expected to close before the end of calendar year 2026 (Form 8-K). On September 17, 2026 it issued $500 million of 5.100% senior notes due 2029, $500 million of 5.350% senior notes due 2031, $1,000 million of 5.600% senior notes due 2033 and $1,000 million of 5.750% senior notes due 2036 (Form 8-K). Vincent Roche is CEO and Chair (August 19, 2026 press release), and Richard C. Puccio, Jr. is Executive Vice President and Chief Financial Officer (10-Q, Exhibit 31.2).

Summary sources:123456789101112131415

$11,019,707 thousand2
Revenue, fiscal 2025 (year ended November 1, 2025)
$6,773,478 thousand2
Gross margin, fiscal 2025
$1,766,001 thousand2
Research and development, fiscal 2025
$2,932,496 thousand2
Operating income, fiscal 2025
$2,267,342 thousand2
Net income, fiscal 2025
$4.562
Diluted earnings per common share, fiscal 2025
$4,812,202 thousand3
Net cash provided by operating activities, fiscal 2025
$533,552 thousand3
Additions to property, plant and equipment, net, fiscal 2025
$3.8916
Dividends declared per share, fiscal 2025
$2,499,406 thousand4
Cash and cash equivalents, November 1, 2025
$47,992,712 thousand4
Total assets, November 1, 2025
$8,145,066 thousand4
Long-term debt, November 1, 2025
$33,815,755 thousand4
Total shareholders' equity, November 1, 2025
489,654,0974
Common shares outstanding, November 1, 2025
24,5001
Employees, November 1, 2025 (approximate)
$4,021,899 thousand9
Revenue, quarter ended August 1, 2026 (unaudited)
$10,805,627 thousand9
Revenue, nine months ended August 1, 2026 (unaudited)
$1,340,090 thousand9
Net income, quarter ended August 1, 2026 (unaudited)
$2.749
Diluted earnings per common share, quarter ended August 1, 2026 (unaudited)
$3.4512
Adjusted diluted EPS, quarter ended August 1, 2026 (non-GAAP, as reported by ADI)
$4.9 billion12
Free cash flow, trailing twelve months to the third quarter of fiscal 2026 (non-GAAP, as reported by ADI)
$2,165,870 thousand17
Cash and cash equivalents, August 1, 2026 (unaudited)
$6,771,624 thousand17
Long-term debt, August 1, 2026 (unaudited)
$7.4 billion18
Remaining share repurchase authorization, August 1, 2026 (unaudited)
$1.1019
Cash dividend declared August 18, 2026, per share (payable September 15, 2026)
approximately $1.5 billion10
Empower Semiconductor acquisition (completed July 7, 2026)
$4.3 billion, +/- $100 million12
Fourth-quarter fiscal 2026 revenue outlook (company projection, as of August 19, 2026)
$3.86, +/- $0.1512
Fourth-quarter fiscal 2026 adjusted EPS outlook (company projection, non-GAAP, as of August 19, 2026)

Revenue by fiscal year, as reported in 10-K

Fiscal yearRevenue (as reported in 10-K)Reported asFiled
2021$7,318,286 thousand20Form 10-K for fiscal year 2021 (year ended October 30, 2021), revenue, in thousands as filedDec 3, 2021
2022$12,013,953 thousand21Form 10-K for fiscal year 2022 (year ended October 29, 2022), revenue, in thousands as filedNov 22, 2022
2023$12,305,539 thousand22Form 10-K for fiscal year 2023 (year ended October 28, 2023), revenue, in thousands as filedNov 21, 2023
2024$9,427,157 thousand23Form 10-K for fiscal year 2024 (year ended November 2, 2024), revenue, in thousands as filedNov 26, 2024
2025$11,019,707 thousand2Form 10-K for fiscal year 2025 (year ended November 1, 2025), revenue, in thousands as filedNov 25, 2025

Segments and products

Risks

Frequently asked questions

What does Analog Devices do?
Analog Devices designs and sells semiconductors built on high-performance analog, mixed-signal and digital signal processing technologies, including data converters, amplifiers, power management, RF ICs, edge processors and sensors, according to its 10-K for fiscal 2025. It reports one operating segment and sells to industrial, automotive, consumer and communications customers.
How much revenue did Analog Devices make in fiscal 2025?
Revenue was $11,019,707 thousand in fiscal 2025, the year ended November 1, 2025, compared with $9,427,157 thousand in fiscal 2024, according to its 10-K. Net income was $2,267,342 thousand, or $4.56 per diluted share.
When does Analog Devices' fiscal year end?
Its fiscal year is the 52-week or 53-week period ending on the Saturday closest to the last day in October. Fiscal 2025 ended November 1, 2025, and the quarter ended August 1, 2026 is the third quarter of fiscal 2026 (10-K and 10-Q).
Which markets does Analog Devices sell into?
In fiscal 2025 industrial customers accounted for 45% of revenue ($4,929,409 thousand), automotive 30% ($3,277,865 thousand), consumer 13% ($1,434,568 thousand) and communications 13% ($1,377,865 thousand), according to its 10-K.
How much of Analog Devices' revenue comes from China?
Its 10-K reports fiscal 2025 revenue of $2,858,286 thousand from China, against $3,238,145 thousand from the United States and $2,285,598 thousand from Europe.
What were Analog Devices' latest quarterly results?
For the quarter ended August 1, 2026, its 10-Q (unaudited) reports revenue of $4,021,899 thousand and net income of $1,340,090 thousand, or $2.74 per diluted share. In its August 19, 2026 press release ADI reported adjusted diluted EPS, a non-GAAP measure, of $3.45 for the quarter.
What is Analog Devices' outlook?
In its August 19, 2026 press release ADI forecast fourth-quarter fiscal 2026 revenue of $4.3 billion, +/- $100 million, reported EPS of $3.14, +/- $0.15, and adjusted EPS of $3.86, +/- $0.15. Adjusted EPS is a non-GAAP measure, and these are the company's own projections, not reported results.
What companies is Analog Devices buying?
It completed the acquisition of Empower Semiconductor, Inc., a provider of integrated voltage regulators and power management solutions, on July 7, 2026 for approximately $1.5 billion (10-Q for the quarter ended August 1, 2026). On September 9, 2026 it announced an agreement to acquire Alif Semiconductor for $1.35 billion in upfront cash plus up to $200 million of contingent consideration, which it expects to close before the end of calendar year 2026 (Form 8-K).
Does Analog Devices pay a dividend?
Yes. It declared and paid dividends of $3.89 per share in fiscal 2025 (10-K). On August 18, 2026 its board declared a cash dividend of $1.10 per outstanding share, payable September 15, 2026 to shareholders of record on September 1, 2026 (10-Q, subsequent events note).
Does Analog Devices buy back its own shares?
Yes. Its repurchase program had a total authorization of $26.7 billion, and at August 1, 2026 $7.4 billion remained available for repurchases, according to its 10-Q for the quarter ended August 1, 2026.
Who runs Analog Devices?
Vincent Roche is CEO and Chair (August 19, 2026 press release), and Richard C. Puccio, Jr. is Executive Vice President and Chief Financial Officer; he certified the 10-Q for the quarter ended August 1, 2026 in that role (Exhibit 31.2).

Sources

  1. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025, Nov 25, 2025
  2. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Consolidated Statements of Income (XBRL financial report R3), Nov 25, 2025
  3. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Consolidated Statements of Cash Flows (XBRL financial report R10), Nov 25, 2025
  4. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Consolidated Balance Sheets (XBRL financial report R6), Nov 25, 2025
  5. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Industry, Segment and Geographic Information note (XBRL financial report R14), Nov 25, 2025
  6. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Industry, Segment and Geographic Information, Revenue Trends by End Market (XBRL financial report R65), Nov 25, 2025
  7. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Industry, Segment and Geographic Information, Revenue by Sales Channel (XBRL financial report R66), Nov 25, 2025
  8. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Industry, Segment and Geographic Information, Revenue Trends and Property, Plant and Equipment by Geographic Region (XBRL financial report R67), Nov 25, 2025
  9. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Condensed Consolidated Statements of Income (Unaudited) (XBRL financial report R2), Aug 19, 2026
  10. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Acquisitions note (XBRL financial report R19), Aug 19, 2026
  11. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Debt note (XBRL financial report R18), Aug 19, 2026
  12. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 8-K, Item 2.02, Exhibit 99.1: press release dated August 19, 2026, Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results, Aug 19, 2026
  13. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 8-K, Item 7.01, Exhibit 99.1: press release dated September 9, 2026, Analog Devices to Acquire Alif Semiconductor, Sep 9, 2026
  14. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 8-K, Items 1.01 and 9.01: issuance of senior notes due 2029, 2031, 2033 and 2036 on September 17, 2026, Sep 17, 2026
  15. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Exhibit 31.2, certification of the Principal Financial Officer, Aug 19, 2026
  16. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 1, 2025: Consolidated Statements of Shareholders' Equity (Parenthetical) (XBRL financial report R9), Nov 25, 2025
  17. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Condensed Consolidated Balance Sheets (Unaudited) (XBRL financial report R4), Aug 19, 2026
  18. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Shareholders' Equity (Details) (XBRL financial report R35), Aug 19, 2026
  19. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Subsequent Events note (XBRL financial report R23), Aug 19, 2026
  20. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended October 30, 2021: Consolidated Statements of Income (XBRL financial report R2), Dec 3, 2021
  21. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended October 29, 2022: Consolidated Statements of Income (XBRL financial report R3), Nov 22, 2022
  22. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended October 28, 2023: Consolidated Statements of Income (XBRL financial report R3), Nov 21, 2023
  23. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-K for the fiscal year ended November 2, 2024: Consolidated Statements of Income (XBRL financial report R3), Nov 26, 2024
  24. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 10-Q for the quarterly period ended August 1, 2026: Industry and Segment Information, Schedule of Revenue Trends by End Market (XBRL financial report R42), Aug 19, 2026
  25. Analog Devices, Inc. (SEC filing), Analog Devices, Inc. Form 8-K, Item 8.01: unauthorized access to certain company systems identified June 23, 2026, Jul 29, 2026

Figures last checked against the sources above on . General information, not investment advice.

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