ADI
Analog Devices, Inc.
Stock
$417.15+12.55 (+3.10%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.9B | $11.0B | $9.4B | $12.3B | $12.0B | $7.3B | $5.6B | $6.0B | $6.2B | $5.1B | $3.4B | $3.4B | $2.9B | $2.6B | $2.7B | $3.0B | $2.8B | $2.0B | $2.6B | $2.5B |
| Cost of revenue | $4.7B | $4.2B | $4.0B | $4.4B | $4.5B | $2.8B | $1.9B | $2.0B | $2.0B | $1.9B | $1.2B | $1.2B | $1.0B | $941M | $960M | $1.0B | $962M | $896M | $1.0B | $956M |
| Gross profit | $9.1B | $6.8B | $5.4B | $7.9B | $7.5B | $4.5B | $3.7B | $4.0B | $4.3B | $3.2B | $2.2B | $2.3B | $1.8B | $1.7B | $1.7B | $2.0B | $1.8B | $1.1B | $1.6B | $1.5B |
| R&D | $2.0B | $1.8B | $1.5B | $1.7B | $1.7B | $1.3B | $1.1B | $1.1B | $1.2B | $968M | $654M | $637M | $560M | $513M | $512M | $506M | $492M | $447M | $533M | $510M |
| SG&A | $1.4B | $1.3B | $1.1B | $1.3B | $1.3B | $915M | $660M | $648M | $696M | $691M | $461M | $479M | $455M | $396M | $397M | $407M | $391M | $333M | $416M | $390M |
| Other operating expenses | $774M | $820M | $792M | $1.1B | $1.3B | $621M | $482M | $525M | $490M | $347M | $84M | $312M | $63M | $30M | $8.6M | — | $16M | $54M | $3.1M | $40M |
| Operating income | $4.9B | $2.9B | $2.0B | $3.8B | $3.3B | $1.7B | $1.5B | $1.7B | $1.9B | $1.2B | $1.0B | $831M | $752M | $753M | $824M | $1.1B | $900M | $285M | $625M | $569M |
| Non-operating income | −$231M | −$220M | −$255M | −$215M | −$180M | −$363M | −$187M | −$225M | −$244M | −$228M | −$71M | −$21M | −$23M | $62M | −$11M | −$11M | $1.6M | $13M | $41M | $93M |
| Pretax income | $4.7B | $2.7B | $1.8B | $3.6B | $3.1B | $1.3B | $1.3B | $1.5B | $1.7B | $935M | $957M | $810M | $729M | $815M | $814M | $1.1B | $902M | $297M | $666M | $661M |
| Taxes | $569M | $445M | $142M | $293M | $350M | −$62M | $91M | $123M | $148M | $129M | $95M | $113M | $100M | $142M | $162M | $194M | $190M | $50M | −$120M | $164M |
| Net income | $4.1B | $2.3B | $1.6B | $3.3B | $2.7B | $1.4B | $1.2B | $1.4B | $1.5B | $805M | $862M | $697M | $629M | $673M | $651M | $867M | $712M | $248M | $786M | $497M |
| Diluted EPS | $8.43 | $4.56 | $3.28 | $6.55 | $5.25 | $3.46 | $3.28 | — | — | — | — | — | — | $2.14 | $2.13 | $2.81 | $2.33 | $0.85 | $2.65 | $1.50 |
| Diluted shares | — | 496.7M | 498.7M | 506.0M | 523.2M | 401.3M | 372.0M | 372.9M | 374.9M | 350.5M | 312.3M | 316.9M | 318.0M | 314.0M | 306.2M | 308.2M | 305.9M | 292.7M | 297.1M | 332.3M |
| Revenue growth | — | +16.9% | −23.4% | +2.4% | +64.2% | +30.6% | −6.5% | −3.4% | +21.4% | +49.3% | −0.4% | +19.9% | +8.8% | −2.5% | −9.8% | +8.4% | +37.1% | −22.0% | +4.8% | — |
| Gross margin | 65.8% | 61.5% | 57.1% | 64.0% | 62.7% | 61.8% | 65.9% | 67.0% | 68.5% | 62.0% | 65.1% | 65.8% | 63.9% | 64.3% | 64.5% | 66.4% | 65.2% | 55.5% | 61.1% | 61.2% |
| Operating margin | 35.5% | 26.6% | 21.6% | 31.1% | 27.3% | 23.1% | 26.7% | 28.6% | 30.6% | 22.8% | 30.0% | 24.2% | 26.3% | 28.6% | 30.5% | 35.8% | 32.6% | 14.1% | 24.2% | 23.1% |
| Net margin | 29.8% | 20.6% | 17.3% | 26.9% | 22.9% | 19.0% | 21.8% | 22.8% | 24.3% | 15.8% | 25.2% | 20.3% | 22.0% | 25.6% | 24.1% | 29.0% | 25.8% | 12.3% | 30.4% | 20.2% |