ADI (Analog Devices, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The c...

CEOVincent T. Roche

Country🇺🇸 United States

ExchangeNASDAQ

IPOMar 17, 1980

www.analog.com

Revenue$3.2B

YoY Growth+30.4%

QoQ Growth+2.7%

Net Income$831M

EPS$1.69

Free Cash Flow$1.3B

Gross Margin64.7%

Op. Margin31.5%

Net Margin26.3%

FCF Margin39.8%

Rev Multiple (TTM)13.4x

P/E Ratio (TTM)58.2x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 23	$3.3B	$2.1B	$1.1B
Q3 23	$3.1B	$2.0B	$929M
Q4 23	$2.7B	$1.6B	$634M
Q1 24	$2.5B	$1.5B	$586M
Q2 24	$2.2B	$1.2B	$386M
Q3 24	$2.3B	$1.3B	$491M
Q4 24	$2.4B	$1.4B	$569M
Q1 25	$2.4B	$1.4B	$491M
Q2 25	$2.6B	$1.6B	$678M
Q3 25	$2.9B	$1.8B	$818M
Q4 25	$3.1B	$1.9B	$945M
Q1 26	$3.2B	$2.0B	$997M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 23	12.2x	43.4x
Q3 23	12.3x	42.0x
Q4 23	12.8x	47.5x
Q1 24	13.6x	55.9x
Q2 24	15.0x	73.5x
Q3 24	16.2x	95.1x
Q4 24	16.7x	96.3x
Q1 25	16.9x	100.7x
Q2 25	16.0x	86.0x
Q3 25	15.2x	80.4x
Q4 25	14.3x	69.4x
Q1 26	13.4x	58.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$1.1B	$797M
Q3 23	$1.1B	$818M
Q4 23	$1.2B	$711M
Q1 24	$1.1B	$916M
Q2 24	$808M	$620M
Q3 24	$855M	$701M
Q4 24	$1.1B	$885M
Q1 25	$1.1B	$978M
Q2 25	$819M	$729M
Q3 25	$1.2B	$1.1B
Q4 25	$1.7B	$1.5B
Q1 26	$1.4B	$1.3B

Capital Expenditures

CapEx

Quarter	CapEx
Q2 23	$284M
Q3 23	$325M
Q4 23	$476M
Q1 24	$223M
Q2 24	$188M
Q3 24	$154M
Q4 24	$165M
Q1 25	$149M
Q2 25	$90M
Q3 25	$79M
Q4 25	$215M
Q1 26	$109M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+9.8%	+3.9%
Q3 23	-1.1%	-3.1%
Q4 23	-16.4%	-2.9%
Q1 24	-22.7%	-9.1%
Q2 24	-33.8%	-16.9%
Q3 24	-24.8%	-15.2%
Q4 24	-10.1%	-10.0%
Q1 25	-3.6%	+0.3%
Q2 25	+22.3%	+10.7%
Q3 25	+24.6%	+13.3%
Q4 25	+25.9%	+13.7%
Q1 26	+30.4%	+12.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$69M	2.1%
Q3 23	$83M	2.7%
Q4 23	$73M	—
Q1 24	$70M	2.8%
Q2 24	$58M	2.7%
Q3 24	$64M	2.8%
Q4 24	$70M	2.9%
Q1 25	$78M	3.2%
Q2 25	$73M	2.8%
Q3 25	$85M	2.9%
Q4 25	$86M	2.8%
Q1 26	$86M	2.7%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 23	$416M	$324M
Q3 23	$424M	$334M
Q4 23	$407M	$294M
Q1 24	$391M	$290M
Q2 24	$355M	$244M
Q3 24	$363M	$257M
Q4 24	$379M	$284M
Q1 25	$403M	$285M
Q2 25	$442M	$303M
Q3 25	$454M	$326M
Q4 25	$467M	$342M
Q1 26	$467M	$345M

Revenue Segments

Quarter	Automotive	Communications	Consumer	Industrial
Q2 23	$785M	$454M	$280M	$1.7B
Q3 23	$748M	$381M	$319M	$1.6B
Q1 24	$739M	$303M	$274M	$1.2B
Q2 24	$658M	$241M	$245M	$1.0B
Q3 24	$670M	$267M	$317M	$1.1B
Q4 24	$760M	$271M	$369M	$1.0B
Q1 25	$733M	$290M	$323M	$1.1B
Q2 25	$850M	$315M	$318M	$1.2B
Q3 25	$851M	$372M	$372M	$1.3B

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$1.2B	$0	$1.2B
Q3 23	$1.1B	$0	$1.1B
Q4 23	$958M	$0	$958M
Q1 24	$1.3B	$0	$1.3B
Q2 24	$1.9B	$424M	$2.4B
Q3 24	$2.1B	$440M	$2.5B
Q4 24	$2.0B	$372M	$2.4B
Q1 25	$2.3B	$371M	$2.7B
Q2 25	$2.4B	$0	$2.4B
Q3 25	$2.3B	$1.1B	$3.5B
Q4 25	$2.5B	$1.2B	$3.7B
Q1 26	$2.9B	$1.1B	$4.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 23	509M	-0.5%
Q3 23	504M	-1.0%
Q4 23	506M	+0.5%
Q1 24	499M	-1.4%
Q2 24	499M	-0.0%
Q3 24	499M	+0.1%
Q4 24	499M	-0.0%
Q1 25	499M	-0.0%
Q2 25	498M	-0.1%
Q3 25	497M	-0.3%
Q4 25	493M	-0.7%
Q1 26	492M	-0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$315K	9K
FY 15	$354K	10K
FY 16	$224K	15K
FY 17	$343K	15K
FY 18	$407K	15K
FY 19	$365K	16K
FY 20	$352K	16K
FY 21	$296K	25K
FY 22	$486K	25K
FY 23	$473K	26K
FY 24	$393K	24K
FY 25	$450K	25K