financial statements

The full income statement, balance sheet, and cash-flow statement for Analog Devices Inc. (ADI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2025	FY2023	FY2022	FY2021
Income Statement	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
Revenue	11.0B YoY+16.9%	9.43B YoY-23.4%	12.3B YoY+2.4%	12.0B YoY+64.2%	7.32B YoY+30.6%
	6.77B YoY+25.9%	5.38B YoY-31.7%	7.88B YoY+4.6%	7.53B YoY+66.5%	4.53B YoY+22.6%
Cost of revenue	4.25B YoY+5.0%	4.05B YoY-8.6%	4.43B YoY-1.2%	4.48B YoY+60.4%	2.79B YoY+46.0%
	3.84B YoY+14.7%	3.35B YoY-17.4%	4.05B YoY-4.7%	4.25B YoY+50.2%	2.83B YoY+29.2%
Research & development	1.77B YoY+18.7%	1.49B YoY-10.4%	1.66B YoY-2.4%	1.70B YoY+31.2%	1.30B YoY+23.4%
Selling, general & administrative	1.26B YoY+17.5%	1.07B YoY-16.1%	1.27B YoY+0.6%	1.27B YoY+38.3%	915M YoY+38.7%
Amortization of intangibles	1.59B YoY-8.6%	1.74B YoY-11.1%	1.96B YoY-2.8%	2.01B YoY+138.8%	843M YoY+46.1%
Operating income	2.93B YoY+44.3%	2.03B YoY-46.8%	3.82B YoY+16.6%	3.28B YoY+93.8%	1.69B YoY+12.9%
Interest expense	318M YoY-1.4%	322M YoY+21.8%	265M YoY+32.1%	200M YoY+8.4%	185M YoY-4.4%
Interest & investment income	105M YoY+33.6%	78.8M YoY+90.9%	41.3M YoY+497.8%	6.91M YoY+466.1%	1.22M YoY-71.7%
Other non-operating income	-7.93M YoY+34.1%	-12.0M YoY-246.1%	8.24M YoY-39.2%	13.6M YoY-61.6%	35.3M YoY+1386.2%
Pre-tax income	2.71B YoY+52.6%	1.78B YoY-50.7%	3.61B YoY+16.4%	3.10B YoY+133.2%	1.33B YoY+1.3%
Income tax	445M YoY+213.1%	142M YoY-51.6%	293M YoY-16.2%	350M YoY+667.5%	-61.7M YoY-167.9%
	2.27B YoY+38.7%	1.64B YoY-50.7%	3.31B YoY+20.6%	2.75B YoY+97.7%	1.39B YoY+13.9%
Net income to common	—	—	—	—	1.39B YoY+13.9%
	$4.56 YoY+39.0%	$3.28 YoY-49.9%	$6.55 YoY+24.8%	$5.25 YoY+51.7%	$3.46 YoY+5.5%
EPS (basic)	$4.59 YoY+39.1%	$3.30 YoY-50.0%	$6.60 YoY+24.8%	$5.29 YoY+51.1%	$3.50 YoY+5.7%
Weighted-avg shares (basic)	494M YoY-0.4%	496M YoY-1.2%	502M YoY-3.3%	519M YoY+30.6%	397M YoY+7.8%
Weighted-avg shares (diluted)	497M YoY-0.4%	499M YoY-1.4%	506M YoY-3.3%	523M YoY+30.4%	401M YoY+7.9%
Dividends per share	$3.89 YoY+7.5%	$3.62 YoY+8.4%	$3.34 YoY+12.5%	$2.97	—
Balance Sheet	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
	7.11B YoY+29.6%	5.48B YoY+25.1%	4.38B YoY-11.2%	4.94B YoY-8.2%	5.38B YoY+113.6%
Cash & equivalents	2.50B YoY+25.5%	1.99B YoY+107.9%	958M YoY-34.9%	1.47B YoY-25.7%	1.98B YoY+87.3%
Short-term investments	1.15B YoY+210.1%	372M	0.00	0.00	0.00
Cash & short-term investments	2.90B YoY+0.0%	2.90B YoY+0.0%	2.90B YoY+0.0%	2.90B YoY+0.0%	2.90B YoY+0.0%
Accounts receivable	1.44B YoY+7.5%	1.34B YoY-9.1%	1.47B YoY-18.4%	1.80B YoY+23.4%	1.46B YoY+97.8%
Inventory	1.66B YoY+14.4%	1.45B YoY-11.8%	1.64B YoY+17.3%	1.40B YoY+16.6%	1.20B YoY+97.4%
Prepaid expenses	363M YoY+7.7%	337M YoY+7.5%	314M YoY+17.6%	267M YoY-63.9%	741M YoY+538.3%
	48.0B YoY-0.5%	48.2B YoY-1.2%	48.8B YoY-3.0%	50.3B YoY-3.9%	52.3B YoY+143.7%
Property, plant & equipment	3.32B YoY-2.9%	3.42B YoY+6.1%	3.22B YoY+34.1%	2.40B YoY+21.3%	1.98B YoY+76.6%
Operating lease right-of-use	230M YoY-5.4%	243M YoY-12.5%	277M YoY+5.4%	263M YoY-5.9%	280M YoY+8.9%
Goodwill	26.9B YoY+0.1%	26.9B YoY+0.0%	26.9B YoY-0.0%	26.9B YoY-0.0%	26.9B YoY+119.2%
Intangible assets	8.01B YoY-16.4%	9.59B YoY-15.3%	11.3B YoY-14.7%	13.3B YoY-13.1%	15.3B YoY+318.2%
Long-term investments	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%	122M YoY-4.4%	128M YoY+47.4%
Deferred tax assets	1.87B YoY-10.4%	2.08B YoY-6.3%	2.22B YoY-1.8%	2.26B YoY-0.1%	2.27B YoY+50.8%
Other non-current assets	743M YoY-0.8%	749M YoY+0.8%	743M YoY+43.0%	520M YoY+35.3%	384M YoY-97.8%
Total non-current assets	40.9B YoY-4.3%	42.7B YoY-3.8%	44.4B YoY-2.1%	45.4B YoY-3.4%	46.9B YoY+158.1%
	3.25B YoY+8.6%	2.99B YoY-6.6%	3.20B YoY+31.0%	2.44B YoY-11.8%	2.77B YoY+103.0%
Accounts payable	544M YoY+11.6%	487M YoY-1.1%	493M YoY-15.3%	582M YoY+31.3%	443M YoY+95.1%
Accrued liabilities	1.65B YoY+48.7%	1.11B YoY-18.2%	1.35B YoY-15.2%	1.59B YoY+7.9%	1.48B YoY+54.6%
Short-term & current debt	0.00 YoY-100.0%	400M YoY-19.9%	499M	0.00 YoY-100.0%	517M
Current lease liability	72.9M YoY+7.0%	68.1M YoY+5.2%	64.7M YoY+20.7%	53.6M YoY+2.0%	52.6M YoY+31.7%
Long-term debt	8.15B YoY+22.8%	6.63B YoY+12.4%	5.90B YoY-9.9%	6.55B YoY-3.4%	6.78B
Non-current lease liability	284M YoY-10.9%	319M YoY-11.6%	360M YoY+6.9%	337M YoY+14.0%	296M YoY+2.5%
Deferred tax liabilities	2.16B YoY-17.6%	2.62B YoY-16.1%	3.13B YoY-13.7%	3.62B YoY-8.0%	3.94B YoY+105.2%
Other non-current liabilities	522M YoY-4.2%	544M YoY-6.3%	581M YoY+12.7%	515M YoY-7.3%	556M YoY+23.7%
Total non-current liabilities	10.9B YoY+8.6%	10.1B YoY+0.4%	10.0B YoY-12.0%	11.4B YoY-1.4%	11.6B YoY+42.6%
	33.8B YoY-3.9%	35.2B YoY-1.1%	35.6B YoY-2.5%	36.5B YoY-4.0%	38.0B YoY+216.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	81.6M YoY-1.3%	82.7M YoY+0.0%	82.7M YoY-2.6%	84.9M YoY-3.1%	87.6M YoY+42.2%
Additional paid-in capital	23.3B YoY-6.9%	25.1B YoY-0.9%	25.3B YoY-9.1%	27.9B YoY-8.9%	30.6B YoY+517.7%
Retained earnings	10.5B YoY+3.4%	10.2B YoY-1.5%	10.4B YoY+18.8%	8.72B YoY+16.0%	7.52B YoY+3.9%
Accumulated other comprehensive income	-155M YoY+16.6%	-185M YoY+1.6%	-188M YoY+5.0%	-198M YoY-6.2%	-187M YoY+25.2%
Total liabilities & equity	48.0B YoY-0.5%	48.2B YoY-1.2%	48.8B YoY-3.0%	50.3B YoY-3.9%	52.3B YoY+143.7%
Common shares issued	309M YoY+0.0%	309M YoY+0.0%	309M YoY+0.0%	309M YoY+0.0%	309M YoY+0.0%
Common shares outstanding	490M YoY-1.3%	496M YoY+0.0%	496M YoY-2.6%	509M YoY-3.1%	525M YoY+42.2%
Shares outstanding (cover)	490M YoY-1.3%	496M YoY+0.0%	496M YoY-2.6%	509M YoY-3.1%	525M YoY+42.2%
Cash Flow	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
	4.81B YoY+24.9%	3.85B YoY-20.0%	4.82B YoY+7.6%	4.48B YoY+63.6%	2.74B YoY+36.2%
Depreciation & amortization	407M YoY+12.1%	363M YoY+8.4%	335M YoY+18.1%	283M YoY+22.5%	231M YoY-1.1%
Share-based compensation	322M YoY+22.4%	263M YoY-12.4%	300M YoY-7.3%	323M YoY+32.8%	244M YoY+62.9%
Deferred income taxes	-247M YoY+32.9%	-368M YoY+18.9%	-453M YoY-38.6%	-327M YoY+19.7%	-407M YoY-257.1%
Change in receivables	91.0M YoY+168.2%	-133M YoY+59.7%	-331M YoY-196.2%	344M YoY+200.3%	115M YoY+12.7%
Change in inventory	209M YoY+209.1%	-191M YoY-178.9%	242M YoY-48.5%	471M YoY+622.9%	65.1M YoY+3799.7%
	-1.32B YoY-19.6%	-1.10B YoY+12.8%	-1.27B YoY-92.6%	-657M YoY-130.7%	2.14B YoY+1287.4%
Capital expenditure	534M YoY-27.0%	730M YoY-42.1%	1.26B YoY+80.4%	699M YoY+103.5%	344M YoY+107.4%
Acquisitions	45.7M	0.00	0.00	0.00 YoY+100.0%	-2.45B
Sales/maturities of investments	373M YoY+438.1%	69.3M	0.00	—	—
Proceeds from sale of PP&E	58.9M	0.00	0.00	—	35.7M
Other investing activities	23.7M YoY+397.5%	4.77M YoY-3.0%	4.92M YoY+111.7%	-41.9M YoY-14.4%	-36.7M YoY-347.1%
	-2.98B YoY-74.0%	-1.71B YoY+57.8%	-4.06B YoY+5.3%	-4.29B YoY-8.4%	-3.96B YoY-178.7%
Common stock repurchased	2.16B YoY+251.6%	616M YoY-79.2%	2.96B YoY+15.0%	2.58B YoY-1.1%	2.61B YoY+965.6%
Dividends paid	1.92B YoY+7.2%	1.80B YoY+6.9%	1.68B YoY+8.7%	1.54B YoY+39.2%	1.11B YoY+25.2%
Other financing activities	7.83M YoY+160.4%	-13.0M YoY+37.8%	-20.8M YoY-204.5%	19.9M YoY+818.0%	-2.78M YoY+30.8%
FX effect on cash	—	0.00	0.00 YoY+100.0%	-34.7M YoY-1193.4%	3.17M YoY+1644.0%
Net change in cash	508M YoY-50.8%	1.03B YoY+301.6%	-513M YoY-1.0%	-507M YoY-155.0%	922M YoY+126.3%
Interest paid	256M YoY-4.7%	268M YoY+29.9%	206M YoY+19.3%	173M YoY-12.6%	198M YoY+6.4%
Income taxes paid	568M YoY+37.0%	415M YoY-58.0%	987M YoY+20.1%	822M YoY+111.7%	388M YoY+63.3%
Valuation Ratios	as ofNov 1 ’25	as ofNov 2 ’24	as ofOct 28 ’23	as ofOct 29 ’22	as ofOct 30 ’21
Market cap	115B YoY+2.4%	112B YoY+40.4%	79.7B YoY+8.0%	73.8B YoY-19.0%	91.1B YoY+108.1%
P/E	58.8× YoY-13.0%	67.6× YoY+217.1%	21.3× YoY-46.0%	39.5× YoY+5.1%	37.5× YoY-4.6%
P/S	11.1× YoY-3.9%	11.5× YoY+85.1%	6.2× YoY-7.1%	6.7× YoY-31.7%	9.8× YoY+23.9%
P/B	3.4× YoY+6.2%	3.2× YoY+42.7%	2.2× YoY+9.6%	2.0× YoY-61.0%	5.2× YoY+40.2%
P/FCF	31.3× YoY-17.6%	38.0× YoY+75.2%	21.7× YoY+8.9%	19.9× YoY-30.7%	28.7× YoY+18.6%
Earnings yield	1.7% YoY+14.9%	1.5% YoY-68.5%	4.7% YoY+85.1%	2.5% YoY-4.9%	2.7% YoY+4.8%
FCF yield	3.2% YoY+21.3%	2.6% YoY-42.9%	4.6% YoY-8.1%	5.0% YoY+44.2%	3.5% YoY-15.7%
Dividend yield	1.7% YoY+3.5%	1.6% YoY-22.8%	2.1% YoY+1.5%	2.0%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ADI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ADI filings on SEC EDGAR → Not investment advice.

ADI▼ financial statements

About this data

financial statements