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Analog Devices ADI

US equityMarket cap rank #82SemiconductorsAI PCPower semiconductor5G
$382.36
−$2.87 (-0.75%)
Market open · Sep 24, 2:00 pm ET
After hours $385.40 +0.04%
Open$381.21
Prev close$385.23
Day range$377.40 – $384.34
Volume979.4K
Market cap$185.28B
P/E (TTM)45.4
Dividend yield1.09%

Fundamentals

Latest reported quarter: Q3, ended Jul 2026

Revenue$4.02B+39.6% YoY
Operating profit$1.59B+93.2% YoY
Net profit$1.34B+158.4% YoY
Diluted EPS$2.74+163.5% YoY
Free cash flow$1.46B+34.3% YoY
Operating cash flow$1.60B

Revenue, last 8 quarters

$2.4BNov '24$2.4BJan '25$2.6BMay '25$2.9BAug '25$3.1BOct '25$3.2BJan '26$3.6BMay '26$4.0BJul '26

Net profit, last 8 quarters

$478.1MNov '24$391.3MJan '25$569.8MMay '25$518.5MAug '25$787.7MOct '25$830.8MJan '26$1.2BMay '26$1.3BJul '26

Diluted EPS by quarter

0.96Nov '240.78Jan '251.14May '251.04Aug '251.60Oct '251.69Jan '262.40May '262.74Jul '26

Free cash flow by quarter

$885.4MNov '24$977.8MJan '25$729.2MMay '25$1.1BAug '25$1.5BOct '25$1.3BJan '26$734.3MMay '26$1.5BJul '26

Annual revenue

$5.6BFY20$7.3BFY21$12.0BFY22$12.3BFY23$9.4BFY24$11.0BFY25

Profitability & balance sheet

Gross margin65.8%
Operating margin35.7%
Net margin29.8%
Return on equity12.2%
Return on assets8.6%
Return on invested capital10.2%
Current ratio1.25
Liabilities / assets30.7%
Cash & investments$2.32B
Total debt$9.12B
Net cash (debt)-$6.80B
Free cash flow / sales35.6%

Income statement

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Revenue as Reported $4.02B $3.62B $3.16B $11.02B $3.08B
Total Operating Revenue $4.02B $3.62B $3.16B $11.02B $3.08B
Cost of Revenue $1.31B $1.18B $1.12B $4.25B $1.13B
Gross Profit $2.71B $2.44B $2.04B $6.77B $1.94B
Operating Expense $1.12B $1.06B $999.97M $3.77B $996.61M
Selling and Admin Expenses $397.33M $362.81M $345.25M $1.26B $342.17M
Research & Development $533.48M $509.32M $467.40M $1.77B $467.02M
Depreciation & Amortization & Depletion $187.99M $187.99M $187.32M $749.66M $187.42M
-Depreciation & Amortization $187.99M $187.99M $187.32M $749.66M $187.42M
Operating Profit $1.59B $1.38B $1.05B $3.00B $945.21M
Net Non-Operating Interest Income (Expense) -$63.35M -$59.05M -$54.09M -$212.45M -$55.19M
Non-Operating Interest Income $25.38M $28.57M $32.26M $105.27M $32.97M
Non-Operating Interest Expense $88.73M $87.62M $86.35M $317.72M $88.16M
Other Income (Expense) $20.47M $4.20M -$45.05M -$77.91M -$2.83M
Special Income (Charges) $24.22M $0.00 -$47.98M -$69.98M $0.00
-Less:Other Special Charges -$24.22M – $47.98M – –
Other Non-Operating Income (Expenses) -$3.75M $4.20M $2.93M -$7.93M -$2.83M
Pretax Profit $1.55B $1.32B $945.87M $2.71B $887.20M
Tax $205.78M $148.48M $115.05M $444.77M $99.46M
Net Profit $1.34B $1.18B $830.83M $2.27B $787.74M
Profit from Continuing Operations $1.34B $1.18B $830.83M $2.27B $787.74M
Net Income to Parent Company $1.34B $1.18B $830.83M $2.27B $787.74M
Net Income to Common Stockholders $1.34B $1.18B $830.83M $2.27B $787.74M
Basic EPS $2.76 $2.41 $1.70 $4.59 $1.60
Diluted EPS $2.74 $2.40 $1.69 $4.56 $1.60
Dividend Per Share $1.10 $1.10 $0.99 $3.89 $0.99

Balance sheet

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Total Assets $48.42B $47.95B $47.99B $47.99B $47.99B
Total Current Assets $7.07B $7.81B $7.60B $7.11B $7.11B
Cash and Cash Equivalents & Short-Term Investments $2.32B $3.44B $4.05B $3.65B $3.65B
-Cash and Cash Equivalents $2.17B $2.44B $2.91B $2.50B $2.50B
-Short Term Investments $159.06M $1.00B $1.14B $1.15B $1.15B
Receivables $2.39B $2.05B $1.36B $1.44B $1.44B
-Accounts Receivable $2.39B $2.05B $1.36B $1.44B $1.44B
Inventory $1.93B $1.85B $1.77B $1.66B $1.66B
Other Current Assets $426.52M $470.33M $426.39M $363.34M $363.34M
Total Non-Current Assets $41.35B $40.14B $40.39B $40.88B $40.88B
Net PPE $3.35B $3.29B $3.25B $3.32B $3.32B
Goodwill and Other Intangible Assets $35.46B $34.23B $34.57B $34.96B $34.96B
-Goodwill $27.99B $26.97B $26.95B $26.95B $26.95B
-Other Intangible Assets $7.47B $7.26B $7.63B $8.01B $8.01B
Non-Current Deferred Assets $1.69B $1.73B $1.76B $1.87B $1.87B
Other Non-Current Assets $852.98M $888.93M $805.66M $742.86M $742.86M
Total Liabilities $14.87B $14.21B $14.20B $14.18B $14.18B
Total Current Liabilities $5.66B $4.46B $4.33B $3.25B $3.25B
Payables $1.14B $924.27M $1.30B $1.19B $1.19B
-Accounts Payable $682.17M $598.64M $549.06M $543.76M $543.76M
-Total Tax Payable $461.80M $325.63M $755.83M $645.62M $645.62M
Current Accrued Expenses $2.16B $2.08B $1.58B $1.07B $1.07B
Short-Term Debt and Capital Lease Obligation $2.35B $1.45B $1.44B $519.54M $519.54M
-Current Debt $2.35B $1.45B $1.44B $446.64M $446.64M
Total Non-Current Liabilities $9.22B $9.75B $9.87B $10.93B $10.93B
Long Term Accounts Payable and Other Payables $90.72M $87.11M $103.64M $100.96M $100.96M
Long Term Debt and Capital Lease Obligation $6.77B $7.24B $7.24B $8.15B $8.15B
-Long Term Debt $6.77B $7.24B $7.24B $8.15B $8.15B
Non-Current Deferred Liabilities $1.84B $1.91B $2.00B $2.16B $2.16B
Other Non-Current Liabilities $516.96M $521.51M $533.55M $521.85M $521.85M
Total Equity $33.55B $33.74B $33.79B $33.82B $33.82B
Stockholders' Equity $33.55B $33.74B $33.79B $33.82B $33.82B
Capital Stock $80.76M $81.18M $81.37M $81.61M $81.61M
-Common Stock $80.76M $81.18M $81.37M $81.61M $81.61M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $21.29B $22.29B $22.97B $23.35B $23.35B
Retained Earnings $12.33B $11.53B $10.89B $10.54B $10.54B
Gains/Losses Not Affecting Retained Earnings -$149.09M -$152.24M -$148.44M -$154.58M -$154.58M
-Gross PPE – – – $7.41B $7.41B
-Accumulated Depreciation – – – -$4.09B -$4.09B
-Current Capital Lease Obligation – – – $72.91M $72.91M
Other Current Liabilities – – – $12.55M $12.55M

Cash flow

Line item 2026 Q3 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4
Operating Cash Flow $1.60B $872.04M $1.37B $4.81B $1.70B
Net cash flow from continuing operations $1.60B $872.04M $1.37B $4.81B $1.70B
Net Income from Continuing Operations $1.34B $1.18B $830.83M $2.27B $787.74M
Depreciation & Depletion & Amortization $494.22M $490.94M $490.50M $2.00B $495.34M
Deferred Tax -$161.01M -$60.27M -$60.66M -$246.65M -$149.33M
Other Non-Cash Items -$24.10M -$8.70M $13.43M -$9.91M -$8.41M
Change in Working Capital -$141.49M -$808.00M $8.75M $481.01M $489.02M
Net cash flow from investing -$714.95M -$51.93M -$107.03M -$1.32B -$225.31M
Net Cash Flow from Continuing Investing Activities -$714.95M -$51.93M -$107.03M -$1.32B -$225.31M
Net PPE Purchase and Sale -$145.66M -$137.70M -$109.31M -$474.66M -$215.15M
Net Business Purchase and Sale -$1.40B -$35.88M $0.00 -$45.65M $0.00
Net Investment Purchase and Sale $842.84M $137.83M $9.99M -$777.46M $0.00
Net Other Investing Changes -$8.54M -$16.17M -$7.71M -$23.75M -$10.15M
Financing Cash Flow -$1.16B -$1.29B -$855.03M -$2.98B -$1.30B
Net Cash Flow from Continuing Financing Activities -$1.16B -$1.29B -$855.03M -$2.98B -$1.30B
Net Issuance Payments Of Debt $454.91M $7.16M $96.40M $989.69M -$102.03M
Net Common Stock Issuance -$1.16B -$772.90M -$516.50M -$2.16B -$680.47M
Cash Dividends Paid -$535.31M -$536.46M -$484.26M -$1.92B -$486.89M
Proceeds from Stock Option Exercised $61.68M $9.87M $49.62M $108.91M $4.58M
Net Other Financing Charges $15.67M $3.28M -$297,000.00 $7.83M -$32.48M
Ending Cash Balance $2.17B $2.44B $2.91B $2.50B $2.50B
Net Change in Cash -$271.05M -$468.94M $406.45M $508.06M $178.22M
Beginning Cash Balance $2.44B $2.91B $2.50B $1.99B $2.32B
Free Cash Flow $1.46B $734.34M $1.26B $4.28B $1.49B
-Change in Receivables – – – -$90.96M –
-Change in Inventory – – – -$208.64M –
-Change in Prepaid Assets – – – $9.11M –
-Change in Payables and Accrued Expense – – – $751.61M –
-Change in Other Current Assets – – – $6.66M –
-Change in Other Current Liabilities – – – $13.23M –
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