Logo

ADI

Analog Devices, Inc.

ADI

Analog Devices, Inc. • NASDAQ
$265.34 ▲ 2.88% (+7.42)
Market Cap $131.18 B
52w High $265.75
52w Low $158.65
Dividend Yield 3.89%
P/E 58.19
Volume 1.98M
Outstanding Shares 494.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $3.076B ▲ $809.189M ▼ $787.739M ▲ 25.608% ▲ $1.6 ▲ $1.471B ▲
Q3-2025 $2.88B ▲ $971.72M ▲ $518.518M ▼ 18.002% ▼ $1.05 ▼ $1.33B ▲
Q2-2025 $2.64B ▲ $933.666M ▼ $569.77M ▲ 21.582% ▲ $1.15 ▲ $1.201B ▲
Q1-2025 $2.423B ▼ $938.99M ▲ $391.316M ▼ 16.149% ▼ $0.79 ▼ $1.026B ▼
Q4-2024 $2.443B $846.736M $478.072M 19.567% $0.96 $1.12B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $3.652B ▲ $47.993B ▼ $14.177B ▲ $33.816B ▼
Q3-2025 $3.469B ▲ $48.193B ▲ $14.107B ▲ $34.086B ▼
Q2-2025 $2.376B ▼ $47.344B ▼ $12.334B ▼ $35.011B ▼
Q1-2025 $2.721B ▲ $47.968B ▼ $12.897B ▼ $35.071B ▼
Q4-2024 $2.363B $48.228B $13.052B $35.176B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $787.739M ▲ $1.701B ▲ $-225.305M ▲ $-1.297B ▼ $178.215M ▲ $1.486B ▲
Q3-2025 $518.518M ▼ $1.165B ▲ $-1.23B ▼ $9.959M ▲ $-55.044M ▼ $1.086B ▲
Q2-2025 $569.77M ▲ $819.478M ▼ $328.193M ▲ $-1.121B ▼ $26.241M ▼ $729.21M ▼
Q1-2025 $391.316M ▼ $1.127B ▲ $-194.301M ▼ $-573.856M ▲ $358.652M ▲ $977.831M ▲
Q4-2024 $478.072M $1.051B $-111.614M $-1.054B $-114.69M $885.407M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Automotive
Automotive
 $760.00M ▲$730.00M ▼$850.00M ▲$850.00M ▲
Communications
Communications
 $270.00M ▲$290.00M ▲$320.00M ▲$370.00M ▲
Consumer
Consumer
 $370.00M ▲$320.00M ▼$320.00M ▲$370.00M ▲
Industrial
Industrial
 $1.04Bn ▲$1.08Bn ▲$1.16Bn ▲$1.29Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue grew strongly earlier in the period but has recently stepped down as the semiconductor cycle softened. Despite that pullback, the company remains clearly profitable, with healthy gross margins and solid operating profits. Earnings dropped meaningfully in the most recent year versus the prior peak, reflecting lower demand and some operating deleverage, but profitability is still robust by industry standards. Overall, ADI looks like a cyclical but high-quality earner: results can swing with the chip cycle, yet the underlying profit engine appears resilient.

Balance Sheet

Balance Sheet The balance sheet looks solid and built to support a large, diversified semiconductor business. The company holds a sizable base of long‑term assets and a strong equity cushion, which helps absorb industry volatility. Debt has risen over time but appears manageable relative to the scale of the business and its earning power. Cash on hand is meaningful, though not oversized, suggesting a balanced approach between safety, investment, and capital returns. Overall, the financial structure appears conservative for a company of its size and maturity.

Cash Flow

Cash Flow Cash generation is a key strength. Operating cash flow in the disclosed years is strong and comfortably exceeds investment spending, leaving healthy free cash flow after capital expenditures. The company is clearly investing in its future through ongoing capacity and technology spending, but not at the expense of financial flexibility. Some years of data are missing, so the precise trend line is imperfect, yet the available numbers point to a business that consistently turns profits into cash at a good rate.

Competitive Edge

Competitive Edge ADI occupies a powerful niche in high‑performance analog, mixed‑signal, and power management, where design quality and reliability matter more than sheer volume. Its products are deeply embedded in customers’ systems, which makes switching away slow and costly and helps keep relationships “sticky.” The brand is especially strong in industrial, automotive, communications, and healthcare, with a very broad catalog that reduces dependence on any single end market. Past acquisitions have strengthened its position versus large peers, giving it scale, a wider product set, and deeper customer reach. Overall, ADI enjoys a durable, engineering‑driven moat rather than a commodity footprint.

Innovation and R&D

Innovation and R&D Innovation is at the core of ADI’s strategy. The company leads in data converters, precision analog components, power management, RF and microwave, and advanced sensors, often targeting demanding, high‑value applications rather than chasing low‑margin commodity chips. It is moving beyond standalone components toward full signal‑chain and system‑level solutions that combine hardware, software, and design tools, creating more value and tighter customer integration. ADI is investing behind major long‑term trends such as electric vehicles, industrial automation, edge AI, 5G infrastructure, and digital healthcare, using facilities like its Catalyst center to accelerate software‑enabled and AI-driven offerings. This sustained R&D focus supports both its current moat and its ability to adapt as technology and customer needs evolve.

Summary

ADI comes across as a mature, high‑quality analog semiconductor company with a strong technological base and solid finances. Recent results reflect a cyclical downturn from unusually strong prior years, but margins and cash generation remain healthy, supported by a diversified end‑market mix and a sticky customer base. The balance sheet and cash flow profile give it room to keep investing in growth opportunities while weathering industry swings. Its competitive strengths lie in specialized analog, power, and signal‑processing expertise, reinforced by strategic acquisitions and deep customer relationships. Looking ahead, ADI’s exposure to structural themes—electrification, automation, advanced communications, and edge intelligence—provides a long runway, though investors should expect periodic volatility as part of the normal semiconductor cycle.

NEWS

November 25, 2025 · 7:01 AM UTC

Analog Devices Reports Strong Fourth Quarter and Fiscal 2025 Financial Results

Read more

November 21, 2025 · 4:00 PM UTC

Analog Devices to Participate in the UBS Global Technology Conference

Read more

November 3, 2025 · 9:00 AM UTC

Analog Devices Unveils CodeFusion Studio™ 2.0 to Simplify and Accelerate Embedded AI Development

Read more

October 23, 2025 · 4:00 PM UTC

Analog Devices, Inc. to Report Fourth Quarter Fiscal Year 2025 Financial Results on Tuesday, November 25, 2025

Read more

October 21, 2025 · 4:00 AM UTC

ASE and Analog Devices Announce Strategic Collaboration

Read more