ANALOG DEVICES INC

Listed Company

ADICIK 0000006281NasdaqLarge AcceleratedSemiconductors & Related DevicesMassachusettsFY ends Nov 1

Period

FY 2025

Revenue

$11.02B

Net Income

$2.27B

Total Assets

$47.99B

Equity

$33.82B

Shares Out

488.20M

Op. Cash Flow

$4.81B

Business

Analog Devices Inc is a global semiconductor company that designs, manufactures, tests and markets high-performance analog, mixed-signal and digital signal processing technologies. It offers a broad portfolio of products and solutions including integrated circuits (data converters, amplifiers, power management, RF ICs), sensors and MEMS devices, edge processors, software, digital platforms and subsystems. Its business is organized around core product categories such as Analog & Mixed Signal, Power Management & Reference, Amplifiers/RF & Microwave, Sensors & Actuators, DSPs, Interface and Software/AI platforms. Products are sold worldwide through direct sales, third-party distributors, independent sales representatives and online channels, supporting industrial, automotive, communications and consumer end markets.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Revenue	11,020	9,427	12,306	12,014	7,318
Cost of sales	4,246	4,046	4,428	4,481	2,793
Gross margin	6,773	5,381	7,877	7,532	4,525
Research and development	1,766	1,488	1,660	1,701	1,296
Selling, marketing, general and administrative	1,255	1,069	1,274	1,266	915
Amortization of intangibles	750	755	960	1,013	537
Special charges, net	70	37	161	275	84
Total operating expenses	3,841	3,349	4,054	4,254	2,833
Operating income	2,932	2,033	3,823	3,279	1,692
Interest expense	318	322	265	200	—
Interest income	−105	−79	−41	−7	−1
Other, net	8	12	−8	−14	−35
Total nonoperating expense (income)	220	255	215	180	363
Income before income taxes	2,712	1,777	3,608	3,099	1,329
Provision for income taxes	445	142	293	350	−62
Net income	2,267	1,635	3,315	2,749	1,390
Shares used to compute earnings per common share basic (in shares)	494	496	502	519	397
Shares used to compute earnings per common share diluted (in shares)	497	499	506	523	401
Basic earnings per common share (in dollars per share)	4.59	3.3	6.6	5.29	3.5
Diluted earnings per common share (in dollars per share)	4.56	3.28	6.55	5.25	3.46

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	2,499	1,991	958	1,471	1,978
Short-term investments	1,153	372	0	—	—
Accounts receivable less allowances of $5,441 ($7,160 in 2024)	1,436	1,336	1,470	1,800	1,459
Inventories	1,656	1,448	1,642	1,400	1,201
Prepaid expenses and other current assets	363	337	314	267	741
Total current assets	7,108	5,485	4,384	4,938	5,378
Net property, plant and equipment	3,316	3,416	3,219	2,401	1,979
Goodwill	26,945	26,910	26,910	26,913	26,918
Intangible assets, net	8,014	9,585	11,312	13,265	15,267
Deferred tax assets	1,867	2,084	2,223	2,265	2,267
Other assets	743	749	743	520	384
Total non-current assets	40,885	42,744	44,410	45,364	46,944
TOTAL ASSETS	47,993	48,228	48,794	50,302	52,322
Accounts payable	544	487	493	582	443
Income taxes payable	610	447	309	266	333
Debt, current	0	400	499	0	—
Commercial paper notes	447	548	547	0	—
Accrued liabilities	1,645	1,106	1,353	1,595	1,478
Total current liabilities	3,246	2,988	3,201	2,443	2,770
Long-term debt	8,145	6,634	5,902	6,549	—
Deferred income taxes	2,163	2,624	3,128	3,623	3,939
Income taxes payable	101	260	417	708	811
Other non-current liabilities	522	544	581	515	556
Total non-current liabilities	10,931	10,064	10,028	11,394	11,559
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	0	0	0	0	0
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 489,654,097 shares outstanding (496,296,854 on November 2, 2024)	82	83	83	85	88
Capital in excess of par value	23,349	25,082	25,314	27,857	30,574
Retained earnings	10,540	10,197	10,357	8,721	7,517
Accumulated other comprehensive loss	−155	−185	−188	−198	−187
Total shareholders equity	33,816	35,176	35,565	36,465	37,993
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	47,993	48,228	48,794	50,302	52,322

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation	407	363	335	283	231
Amortization of intangibles	1,600	1,700	2,000	2,000	843
Stock-based compensation expense	322	263	300	323	244
Deferred income taxes	−247	−368	−453	−327	−407
Other	−10	23	9	−47	−5
Accounts receivable	−91	133	331	−344	−115
Inventories	−209	191	−242	−471	−65
Prepaid expenses and other current assets	9	−53	5	−65	−59
Accounts payable and accrued liabilities	657	−134	−499	172	208
Income taxes payable	94	92	−264	−92	−7
Other assets	7	−35	−26	397,000	−39
Other liabilities	13	−194,000	50	−85	−32
Total adjustments	2,545	2,217	1,503	1,727	1,345
Net cash provided by operating activities	4,812	3,853	4,818	4,475	2,735
Purchases of short-term available-for-sale investments	−1,150	−439	0	—	—
Maturities of short-term available-for-sale investments	373	69	0	—	—
Additions to property, plant and equipment, net	−534	−730	−1,261	−699	−344
Proceeds from sale of property, plant and equipment, net	59	0	0	—	36
Cash received from acquisition of Maxim, net of cash paid	−46	0	0	0	2,451
Other	−24	−5	−5	42	37
Net cash used for investing activities	−1,322	−1,105	−1,266	−657	2,144
Proceeds from debt	1,491	1,088	0	296	3,940
Early termination of debt	0	0	−66	−519	−3,592
Debt repayments	−400	−500	0	0	0
Proceeds from commercial paper notes	9,463	10,184	5,287	0	0
Payments of commercial paper notes	−9,564	−10,184	−4,740	0	0
Dividend payments to shareholders	−1,924	−1,795	−1,679	−1,545	−1,109
Repurchase of common stock	−2,165	−616	−2,964	−2,577	−2,605
Proceeds from employee stock plans	109	121	119	34	63
Other	8	−13	−21	20	−3
Net cash used for financing activities	−2,983	−1,714	−4,064	−4,291	−3,960
Net increase (decrease) in cash and cash equivalents	508	1,033	−513	−507	922

Filings

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