Analog Devices Inc. (ADI) financial statements: income statement, balance sheet and cash flow

Analog Devices Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Nov 1, 2025 · FY), Analog Devices Inc. reported revenue of $11.0B (+16.9% year on year) and net income of $2.3B (+38.7% year on year).

Income statement

Analog Devices Inc. income statement, fiscal years

Line item	Nov 1, 2025 · FY	Nov 2, 2024 · FY	Oct 28, 2023 · FY	Oct 29, 2022 · FY
Revenue	$11.0B	$9.4B	$12.3B	$12.0B
Cost of sales	$4.2B	$4.0B	$4.4B	$4.5B
Gross margin	$6.8B	$5.4B	$7.9B	$7.5B
Research and development	$1.8B	$1.5B	$1.7B	$1.7B
Selling, marketing, general and administrative	$1.3B	$1.1B	$1.3B	$1.3B
Amortization of intangibles	$749.7M	$754.8M	$959.6M	$1.0B
Special charges, net	$70.0M	$37.3M	$160.7M	$274.5M
Total operating expenses	$3.8B	$3.3B	$4.1B	$4.3B
Operating income	$2.9B	$2.0B	$3.8B	$3.3B
Interest expense	$317.7M	$322.2M	$264.6M	$200.4M
Interest income	($105.3M)	($78.8M)	($41.3M)	($6.9M)
Other, net	$7.9M	$12.0M	($8.2M)	($13.6M)
Total nonoperating expense (income)	$220.4M	$255.5M	$215.1M	$180.0M
Income before income taxes	$2.7B	$1.8B	$3.6B	$3.1B
Provision for income taxes	$444.8M	$142.1M	$293.4M	$350.2M
Net income	$2.3B	$1.6B	$3.3B	$2.7B
Shares used to compute earnings per common share — basic (in shares)	494.4M	496.2M	502.2M	519.2M
Shares used to compute earnings per common share — diluted (in shares)	496.7M	498.7M	506.0M	523.2M
Basic earnings per common share (in dollars per share)	$4.59	$3.30	$6.60	$5.29
Diluted earnings per common share (in dollars per share)	$4.56	$3.28	$6.55	$5.25

Analog Devices Inc. income statement, quarters

Line item	Aug 1, 2026 · Q4	May 2, 2026 · Q3	Jan 31, 2026 · Q1	Aug 2, 2025 · Q3
Revenue	$4.0B	$3.6B	$3.2B	$2.9B
Cost of sales	$1.3B	$1.2B	$1.1B	$1.1B
Gross margin	$2.7B	$2.4B	$2.0B	$1.8B
Research and development	$533.5M	$509.3M	$467.4M	$454.3M
Selling, marketing, general and administrative	$397.3M	$362.8M	$345.3M	$325.7M
Amortization of intangibles	$188.0M	$188.0M	$187.3M	$187.4M
Special charges, net	($24.2M)	$0	$48.0M	$4.3M
Total operating expenses	$1.1B	$1.1B	$1.0B	$971.7M
Operating income:	$1.6B	$1.4B	$997.0M	$818.0M
Interest expense	$88.7M	$87.6M	$86.3M	$79.6M
Interest income	($25.4M)	($28.6M)	($32.3M)	($27.1M)
Other, net	$3.7M	($4.2M)	($2.9M)	$2.1M
Total nonoperating expense (income)	$67.1M	$54.9M	$51.2M	$54.6M
Income before income taxes	$1.5B	$1.3B	$945.9M	$763.4M
Provision for income taxes	$205.8M	$148.5M	$115.0M	$244.9M
Net income	$1.3B	$1.2B	$830.8M	$518.5M
Shares used to compute earnings per common share – basic (in shares)	486.0M	487.6M	488.9M	494.4M
Shares used to compute earnings per common share – diluted (in shares)	488.8M	490.5M	491.7M	496.7M
Basic earnings per common share (in dollars per share)	$2.76	$2.41	$1.70	$1.05
Diluted earnings per common share (in dollars per share)	$2.74	$2.40	$1.69	$1.04

Balance sheet

Analog Devices Inc. balance sheet, fiscal years

Line item	Nov 1, 2025 · FY	Nov 2, 2024 · FY	Oct 28, 2023 · FY	Oct 29, 2022 · FY
Cash and cash equivalents	$2.5B	$2.0B	$958.1M	$1.5B
Short-term investments	$1.2B	$371.8M	—	—
Accounts receivable less allowances of $5,441 ($7,160 in 2024)	$1.4B	$1.3B	$1.5B	$1.8B
Inventories	$1.7B	$1.4B	$1.6B	$1.4B
Prepaid expenses and other current assets	$363.3M	$337.5M	$314.0M	$267.0M
Total current assets	$7.1B	$5.5B	$4.4B	$4.9B
Net property, plant and equipment	$3.3B	$3.4B	$3.2B	$2.4B
Goodwill	$26.9B	$26.9B	$26.9B	$26.9B
Intangible assets, net	$8.0B	$9.6B	$11.3B	$13.3B
Deferred tax assets	$1.9B	$2.1B	$2.2B	$2.3B
Other assets	$742.9M	$749.1M	$742.9M	$397.3M
Total non-current assets	$40.9B	$42.7B	$44.4B	$45.4B
TOTAL ASSETS	$48.0B	$48.2B	$48.8B	$50.3B
Accounts payable	$543.8M	$487.5M	$493.0M	$582.2M
Income taxes payable	$610.4M	$447.4M	$309.0M	$265.8M
Debt, current	$0	$399.6M	$499.1M	$0
Commercial paper notes	$446.6M	$547.7M	$547.2M	—
Accrued liabilities	$1.6B	$1.1B	$1.4B	$1.6B
Total current liabilities	$3.2B	$3.0B	$3.2B	$2.4B
Long-term debt	$8.1B	$6.6B	$5.9B	$6.5B
Deferred income taxes	$2.2B	$2.6B	$3.1B	$3.6B
Income taxes payable	$101.0M	$260.5M	$417.1M	$707.8M
Other non-current liabilities	$521.8M	$544.5M	$581.0M	$515.4M
Total non-current liabilities	$10.9B	$10.1B	$10.0B	$11.4B
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	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)	81.6M	82.7M	82.7M	84.9M
Capital in excess of par value	$23.3B	$25.1B	$25.3B	$27.9B
Retained earnings	$10.5B	$10.2B	$10.4B	$8.7B
Accumulated other comprehensive loss	($154.6M)	($185.3M)	($188.3M)	($198.2M)
Total shareholders’ equity	$33.8B	$35.2B	$35.6B	$36.5B
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$48.0B	$48.2B	$48.8B	$50.3B

Analog Devices Inc. balance sheet, quarters

Line item	Aug 1, 2026	May 2, 2026	Jan 31, 2026	Aug 2, 2025
Cash and cash equivalents	$2.2B	$2.4B	$2.9B	$2.3B
Short-term investments	$159.1M	$1.0B	$1.1B	$1.1B
Accounts receivable	$2.4B	$2.1B	$1.4B	$1.6B
Inventories	$1.9B	$1.8B	$1.8B	$1.6B
Prepaid expenses and other current assets	$426.5M	$470.3M	$426.4M	$305.2M
Total current assets	$7.1B	$7.8B	$7.6B	$6.9B
Net property, plant and equipment	$3.4B	$3.3B	$3.2B	$3.3B
Goodwill	$28.0B	$27.0B	$26.9B	$26.9B
Intangible assets, net	$7.5B	$7.3B	$7.6B	$8.4B
Deferred tax assets	$1.7B	$1.7B	$1.8B	$1.9B
Other assets	$853.0M	$888.9M	$805.7M	$695.5M
Total non-current assets	$41.4B	$40.1B	$40.4B	$41.3B
TOTAL ASSETS	$48.4B	$47.9B	$48.0B	$48.2B
Accounts payable	$682.2M	$598.6M	$549.1M	$490.7M
Income taxes payable	$461.8M	$325.6M	$755.8M	$475.0M
Debt, current	$1.3B	$899.2M	$898.9M	$0
Commercial paper notes	$1.0B	$550.2M	$543.0M	$548.7M
Accrued liabilities	$2.2B	$2.1B	$1.6B	$1.5B
Total current liabilities	$5.7B	$4.5B	$4.3B	$3.0B
Long-term debt	$6.8B	$7.2B	$7.2B	$8.1B
Deferred income taxes	$1.8B	$1.9B	$2.0B	$2.4B
Income taxes payable	$90.7M	$87.1M	$103.6M	$99.9M
Other non-current liabilities	$517.0M	$521.5M	$533.6M	$516.4M
Total non-current liabilities	$9.2B	$9.8B	$9.9B	$11.1B
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	0	0	0	0
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 484,565,465 shares outstanding (489,654,097 on November 1, 2025)	80.8M	81.2M	81.4M	82.0M
Capital in excess of par value	$21.3B	$22.3B	$23.0B	$23.9B
Retained earnings	$12.3B	$11.5B	$10.9B	$10.2B
Accumulated other comprehensive loss	($149.1M)	($152.2M)	($148.4M)	($173.1M)
Total shareholders’ equity	$33.6B	$33.7B	$33.8B	$34.1B
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$48.4B	$47.9B	$48.0B	$48.2B

Cash flow statement

Analog Devices Inc. cash flow statement, fiscal years

Line item	Nov 1, 2025 · FY	Nov 2, 2024 · FY	Oct 28, 2023 · FY	Oct 29, 2022 · FY
Net income	$2.3B	$1.6B	$3.3B	$2.7B
Depreciation	$406.8M	$362.8M	$334.7M	$283.3M
Amortization of intangibles	$1.6B	$1.7B	$2.0B	$2.0B
Stock-based compensation expense	$321.6M	$262.7M	$299.8M	$323.5M
Deferred income taxes	($246.6M)	($367.6M)	($452.9M)	($326.8M)
Other	($9.9M)	$23.1M	$8.7M	($3.0M)
Accounts receivable	($91.0M)	$133.4M	$330.7M	($343.9M)
Inventories	($208.6M)	$191.2M	($242.3M)	($470.7M)
Prepaid expenses and other current assets	$9.1M	($53.0M)	$4.5M	($79.4M)
Accounts payable and accrued liabilities	$657.3M	($133.8M)	($499.3M)	$171.8M
Income taxes payable	$94.3M	$91.6M	($263.7M)	—
Other assets	$6.7M	($34.5M)	($25.8M)	($14.4M)
Other liabilities	$13.2M	($194.0K)	$50.3M	($69.9M)
Total adjustments	$2.5B	$2.2B	$1.5B	$1.7B
Net cash provided by operating activities	$4.8B	$3.9B	$4.8B	$4.5B
Purchases of short-term available-for-sale investments	($1.2B)	—	—	—
Maturities of short-term available-for-sale investments	$372.8M	—	—	—
Additions to property, plant and equipment, net	($533.6M)	($730.5M)	($1.3B)	($699.3M)
Proceeds from sale of property, plant and equipment, net	$58.9M	—	—	—
Cash received from acquisition of Maxim, net of cash paid	($45.7M)	—	$0	$0
Other	($23.7M)	($4.8M)	($4.9M)	$41.9M
Net cash used for investing activities	($1.3B)	($1.1B)	($1.3B)	($657.4M)
Proceeds from debt	$1.5B	$1.1B	$0	$296.1M
Early termination of debt	$0	$0	($65.7M)	($519.1M)
Debt repayments	($400.0M)	($500.0M)	—	$0
Proceeds from commercial paper notes	$9.5B	$10.2B	$5.3B	—
Payments of commercial paper notes	($9.6B)	($10.2B)	($4.7B)	—
Dividend payments to shareholders	($1.9B)	($1.8B)	($1.7B)	($1.5B)
Repurchase of common stock	($2.2B)	($615.6M)	($3.0B)	($2.6B)
Proceeds from employee stock plans	$108.9M	$121.2M	$118.6M	$33.9M
Other	$7.8M	($13.0M)	($20.8M)	$19.9M
Net cash used for financing activities	($3.0B)	($1.7B)	($4.1B)	($4.3B)
Net increase (decrease) in cash and cash equivalents	$508.1M	$1.0B	($512.5M)	($507.4M)
Cash and cash equivalents at beginning of year	$2.0B	$958.1M	$1.5B	$2.0B
Cash and cash equivalents at end of year	$2.5B	$2.0B	$958.1M	$1.5B

Analog Devices Inc. cash flow statement, quarters

Line item	Aug 1, 2026 · YTD	May 2, 2026 · YTD	Jan 31, 2026 · Q1	Aug 2, 2025 · YTD
Net income	$3.3B	$2.0B	$830.8M	$1.5B
Depreciation	$315.3M	$210.8M	$105.9M	$301.3M
Amortization of intangibles	$1.2B	$770.6M	$384.6M	$1.2B
Stock-based compensation expense	$263.7M	$167.4M	$85.7M	$235.1M
Deferred income taxes	($281.9M)	($120.9M)	($60.7M)	($97.3M)
Other	($19.4M)	$4.7M	$13.4M	($1.5M)
Changes in operating assets and liabilities	($940.7M)	($799.2M)	$8.7M	($8.0M)
Total adjustments	$497.2M	$233.4M	$537.7M	$1.6B
Net cash provided by operating activities	$3.8B	$2.2B	$1.4B	$3.1B
Purchases of short-term available-for-sale investments	$0	—	—	($1.2B)
Maturities of short-term available-for-sale investments	$990.7M	$147.8M	$10.0M	$372.8M
Additions to property, plant and equipment, net	($392.7M)	($247.0M)	($109.3M)	($318.4M)
Proceeds from sale of property, plant and equipment, net	$0	$0	—	$58.9M
Proceeds from sale of a subsidiary, net	$96.6M	—	—	—
Payments for acquisitions, net of cash acquired	($1.5B)	($35.9M)	$0	($45.7M)
Other	($32.4M)	($23.9M)	($7.7M)	($13.6M)
Net cash used for investing activities	($873.9M)	($159.0M)	($107.0M)	($1.1B)
Proceeds from debt	$0	—	—	$1.5B
Debt repayments	$0	$0	—	($400.0M)
Proceeds from commercial paper notes	$13.1B	$7.2B	$3.0B	$6.9B
Payments of commercial paper notes	($12.5B)	($7.1B)	($3.0B)	($6.9B)
Repurchase of common stock	($2.4B)	($1.3B)	($516.5M)	($1.5B)
Dividend payments to shareholders	($1.6B)	($1.0B)	($484.3M)	($1.4B)
Proceeds from employee stock plans	$121.2M	$59.5M	$49.6M	$104.3M
Other	$18.7M	$3.0M	($297.0K)	$40.3M
Net cash used for financing activities	($3.3B)	($2.1B)	($855.0M)	($1.7B)
Net (decrease) increase in cash and cash equivalents	($333.5M)	($62.5M)	$406.5M	$329.8M
Cash and cash equivalents at beginning of period	$2.5B	$2.5B	$2.5B	$2.0B
Cash and cash equivalents at end of period	$2.2B	$2.4B	$2.9B	$2.3B

Analog Devices Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.