NASDAQ · Semiconductors · Fiscal year endsFY ends November

Analog Devices, Inc.

ADI

$427.94+15.09 (+3.66%)Today

52-week low $223.47high $445.91

4.0% below its 52-week high

Next earningsNov 24, 2026 · after the close

Revenue by fiscal year, $ billions

3.2x over the years shown (FY16–FY25)

Fiscal years · gold is the latest

3.4

FY16

5.1

FY17+49%

6.2

FY18+22%

6.0

FY19-4%

5.6

FY20-6%

7.3

FY21+31%

12.0

FY22+64%

12.3

FY23+2%

9.4

FY24-23%

11.0

FY25+17%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income
Revenue	3.42	5.11	6.22	5.99	5.60	7.32	12.01	12.31	9.43	11.02
Revenue growth	0%	+49%	+22%	-4%	-6%	+31%	+64%	+2%	-23%	+17%
Gross margin	65.1%	62.0%	68.3%	67.0%	65.9%	61.8%	62.7%	64.0%	57.1%	61.5%
Operating income	1.03	1.16^†	1.90^†	1.71	1.50	1.69	3.28	3.82	2.03	2.93
Operating margin	30.0%	22.8%	30.5%	28.6%	26.7%	23.1%	27.3%	31.1%	21.6%	26.6%
Net income	0.86	0.81^†	1.51^†	1.36	1.22	1.39	2.75	3.31	1.64	2.27
Net margin	25.2%	15.8%	24.2%	22.8%	21.8%	19.0%	22.9%	26.9%	17.3%	20.6%
Cash flow
Operating cash flow	1.29^†	1.15^†	2.44	2.25	2.01	2.74	4.48	4.82	3.85	4.81
Capital expenditure	0.13	0.20	0.25	0.28	0.17	0.34	0.70	1.26	0.73	0.53
Free cash flow (calculated)	1.16^†	0.95^†	2.19	1.98	1.84	2.39	3.78	3.56	3.12	4.28
Share repurchases	0.37	0.05	0.23	0.61	0.24	2.61	2.58	2.96	0.62	2.16
Balance sheet
Cash and equivalents	0.92	1.05	0.82	0.65	1.06	1.98	1.47	0.96	1.99	2.50
Total assets	7.97	21.14	20.44^†	21.39	21.47	52.32	50.30	48.79	48.23	47.99
Total equity	5.17	10.16	11.27^†	11.71	12.00	37.99	36.47	35.57	35.18	33.82

Source: Analog Devices, Inc.'s 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in November.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.