Analog Devices, Inc. (ADI) Financial Statements

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Analog Devices financial statements at a glance

Analog Devices reported revenue of $11.02 billion for fiscal year 2025 (ended October 31, 2025), up 16.9% from fiscal year 2024. Net income was $2.27 billion, a net margin of 20.6%, and diluted earnings per share were $4.56.

At the end of fiscal year 2025 it had total assets of $47.99 billion, total liabilities of $14.18 billion and shareholders' equity of $33.82 billion, with cash and short-term investments of $3.65 billion and total debt of $8.66 billion.

Its operations brought in $4.81 billion of cash; capital spending was $533.55 million, leaving free cash flow of $4.28 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended October 31, 2025.

ADI logo

Analog Devices, Inc.

ADIUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
11.02B
Prev Year: 9.43B
YoY: +16.9%
Operating Revenue
11.02B
Prev Year: 9.43B
YoY: +16.9%
Net Income from Continuing Operation Net Minority Interest
2.27B
Prev Year: 1.64B
YoY: +38.7%
Total Unusual Items Excluding Goodwill
-69.98M
Prev Year: -37.26M
YoY: -87.8%
Total Unusual Items
-69.98M
Prev Year: -37.26M
YoY: -87.8%
Normalized EBITDA
5.10B
Prev Year: 4.24B
YoY: +20.2%
Tax Rate for Calcs
0.164
Prev Year: 0
Tax Effect of Unusual Items
-11.48M
Prev Year: -2.98M
YoY: -285.0%
Depreciation Amortization Depletion
749.66M
Prev Year: 754.78M
YoY: -0.7%
Depreciation and amortization
749.66M
Prev Year: 754.78M
YoY: -0.7%
Amortization
749.66M
Prev Year: 754.78M
YoY: -0.7%
Amortization of Intangibles
749.66M
Prev Year: 754.78M
YoY: -0.7%
Cost of Revenue
4.25B
Prev Year: 4.05B
YoY: +5.0%
Gross Profit
6.77B
Prev Year: 5.38B
YoY: +25.9%
Operating Expense
3.77B
Prev Year: 3.31B
YoY: +13.9%
Selling General and Administrative
1.26B
Prev Year: 1.07B
YoY: +17.5%
Research and Development
1.77B
Prev Year: 1.49B
YoY: +18.7%
Operating Income
3.00B
Prev Year: 2.07B
YoY: +45.0%
Net Non Operating Interest Income Expense
-212.45M
Prev Year: -243.41M
YoY: +12.7%
Non-operating Interest Income
105.27M
Prev Year: 78.82M
YoY: +33.6%
Non-operating Interest Expense
317.72M
Prev Year: 322.23M
YoY: -1.4%
Other Income Expense
-77.91M
Prev Year: -49.31M
YoY: -58.0%
Special Income Charges
-69.98M
Prev Year: -37.26M
YoY: -87.8%
Other Non-operating Income (expense)
-7.93M
Prev Year: -12.05M
YoY: +34.1%
Pre-tax Income
2.71B
Prev Year: 1.78B
YoY: +52.6%
Provision for Income Taxes
444.77M
Prev Year: 142.07M
YoY: +213.1%
Net Income Common Stockholders
2.27B
Prev Year: 1.64B
YoY: +38.7%
Net Income
2.27B
Prev Year: 1.64B
YoY: +38.7%
Net Income Including Non-Controlling Interests
2.27B
Prev Year: 1.64B
YoY: +38.7%
Net Income from Continuing Operations
2.27B
Prev Year: 1.64B
YoY: +38.7%
Diluted NI Available to Com Stockholders
2.27B
Prev Year: 1.64B
YoY: +38.7%
Basic EPS
4.59
Prev Year: 3.3
YoY: +39.1%
Diluted EPS
4.56
Prev Year: 3.28
YoY: +39.0%
Weighted Average Shares (basic)
494.38M
Prev Year: 496.17M
YoY: -0.4%
Weighted Average Shares (diluted)
496.71M
Prev Year: 498.70M
YoY: -0.4%
Total Operating Income as Reported
2.93B
Prev Year: 2.03B
YoY: +44.3%
Total Expenses
8.02B
Prev Year: 7.36B
YoY: +9.0%
Net Income from Continuing and Discontinued Operation
2.27B
Prev Year: 1.64B
YoY: +38.7%
Normalized Income
2.33B
Prev Year: 1.67B
YoY: +39.3%
Interest Income
105.27M
Prev Year: 78.82M
YoY: +33.6%
Interest Expense
317.72M
Prev Year: 322.23M
YoY: -1.4%
Net Interest Income
-212.45M
Prev Year: -243.41M
YoY: +12.7%
EBIT
3.03B
Prev Year: 2.10B
YoY: +44.3%
EBITDA
5.03B
Prev Year: 4.20B
YoY: +19.6%
Reconciled Cost of Revenue
3.00B
Prev Year: 2.70B
YoY: +11.2%
Reconciled Depreciation
2.00B
Prev Year: 2.10B
YoY: -5.0%
Values in USD

Analog Devices key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$11.0B$9.4B$12.3B$12.0B$7.3B
Gross profit$6.8B$5.4B$7.9B$7.5B$4.5B
Operating income$3.0B$2.1B$4.0B$3.6B$1.8B
Net income$2.3B$1.6B$3.3B$2.7B$1.4B
Diluted EPS$4.56$3.28$6.55$5.25$3.46
Total assets$48.0B$48.2B$48.8B$50.3B$52.3B
Total liabilities$14.2B$13.1B$13.2B$13.8B$14.3B
Shareholders' equity$33.8B$35.2B$35.6B$36.5B$38.0B
Cash and short-term investments$3.7B$2.4B$958.1M$1.5B$2.0B
Total debt$8.7B$7.6B$7.0B$6.6B$6.8B
Operating cash flow$4.8B$3.9B$4.8B$4.5B$2.7B
Capital spending$533.6M$730.5M$1.3B$699.3M$343.7M
Free cash flow$4.3B$3.1B$3.6B$3.8B$2.4B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Analog Devices's revenue in fiscal year 2025?

$11.02 billion, up 16.9% from $9.43 billion in fiscal year 2024.

How much profit does Analog Devices make?

Analog Devices reported net income of $2.27 billion for fiscal year 2025 (20.6% of revenue); operating income was $3.00 billion.

How much cash and debt does Analog Devices have?

At the end of fiscal year 2025: cash and short-term investments of $3.65 billion and total debt of $8.66 billion.

What is Analog Devices's free cash flow?

$4.28 billion in fiscal year 2025 (operating cash flow of $4.81 billion minus capital spending of $533.55 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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