ADI - Analog Devices, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$311.38
DETAILS
HIGH:
$375.00
LOW:
$270.00
MEDIAN:
$307.00
CONSENSUS:
$311.38
UPSIDE:
3.73%
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 3,076.1 | 2,880.3 | 2,640.1 | 2,423.2 | 2,443.2 | 2,312.2 | 2,159.0 | 2,512.7 | 2,716.5 | 3,076.5 |
| Cost of Revenue | 1,321.7 | 1,090.6 | 1,028.5 | 992.9 | 1,027.1 | 1,001.0 | 979.0 | 1,038.8 | 1,069.8 | 1,114.9 |
| Gross Profit | 1,754.4 | 1,789.7 | 1,611.6 | 1,430.3 | 1,416.1 | 1,311.2 | 1,180.0 | 1,473.9 | 1,646.7 | 1,961.6 |
| Operating Expenses | ||||||||||
| R&D Expenses | 467.0 | 454.3 | 441.8 | 402.9 | 378.9 | 362.7 | 354.9 | 391.4 | 406.6 | 423.8 |
| SG&A Expenses | 342.2 | 325.7 | 302.7 | 284.8 | 283.9 | 257.2 | 244.1 | 290.1 | 293.8 | 334.1 |
| Other Expenses | 0.0 | 191.8 | 189.2 | 251.3 | 183.9 | 200.0 | 194.9 | 206.5 | 311.9 | 274.3 |
| Operating Expenses | 809.2 | 971.7 | 933.7 | 939.0 | 846.7 | 819.9 | 793.9 | 888.0 | 1,012.3 | 1,032.1 |
| Operating Income | ||||||||||
| Operating Income | 945.2 | 818.0 | 677.9 | 491.3 | 569.4 | 491.3 | 386.1 | 586.0 | 634.4 | 929.5 |
| Interest Expense | 88.2 | 79.6 | 74.7 | 75.3 | 82.8 | 85.2 | 77.1 | 77.1 | 71.6 | 69.3 |
| Interest Income | 33.0 | 27.1 | 21.7 | 23.5 | 27.9 | 26.4 | 15.3 | 9.2 | 9.1 | 8.8 |
| Profitability | ||||||||||
| EBITDA | 1,470.7 | 1,330.3 | 1,201.2 | 1,026.4 | 1,119.6 | 1,038.5 | 930.0 | 1,115.8 | 1,179.5 | 1,531.9 |
| EBIT | 975.4 | 843.0 | 700.6 | 510.8 | 599.1 | 508.2 | 401.7 | 590.6 | 643.4 | 944.2 |
| Income Before Tax | 887.2 | 763.4 | 625.9 | 435.6 | 516.3 | 423.0 | 324.6 | 513.4 | 571.8 | 874.8 |
| Income Tax Expense | 99.5 | 244.9 | 56.2 | 44.3 | 38.3 | 30.8 | 22.4 | 50.7 | 73.4 | (2.2) |
| Net Income | 787.7 | 518.5 | 569.8 | 391.3 | 478.1 | 392.2 | 302.2 | 462.7 | 498.4 | 877.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.60 | 1.05 | 1.15 | 0.79 | 0.96 | 0.79 | 0.61 | 0.93 | 0.99 | 1.75 |
| EPS (Diluted) | 1.60 | 1.04 | 1.14 | 0.78 | 0.96 | 0.79 | 0.61 | 0.93 | 0.99 | 1.74 |
| Shares Outstanding | 490.8 | 494.4 | 496.2 | 496.1 | 496.2 | 496.3 | 496.1 | 495.8 | 497.1 | 500.0 |
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2,499.4 | 2,321.2 | 2,376.2 | 2,350.0 | 1,991.3 | 2,106.0 | 1,939.7 | 1,303.6 | 958.1 | 1,149.2 |
| Short-Term Investments | 1,152.9 | 1,148.1 | 0.0 | 371.5 | 371.8 | 439.7 | 424.1 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 1,436.1 | 1,553.3 | 1,382.4 | 1,192.4 | 1,336.3 | 1,127.2 | 1,004.6 | 1,196.7 | 1,469.7 | 1,616.2 |
| Inventory | 1,656.3 | 1,596.9 | 1,524.9 | 1,474.7 | 1,447.7 | 1,427.9 | 1,479.1 | 1,553.2 | 1,642.2 | 1,709.3 |
| Other Current Assets | 363.3 | 305.2 | 305.0 | 344.5 | 337.5 | 342.1 | 346.1 | 362.4 | 314.0 | 0.0 |
| Total Current Assets | 7,108.1 | 6,924.6 | 5,588.5 | 5,733.1 | 5,484.7 | 5,442.9 | 5,193.6 | 4,415.9 | 4,384.0 | 4,835.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,315.7 | 3,299.3 | 3,336.1 | 3,355.2 | 3,415.6 | 3,395.7 | 3,415.2 | 3,281.9 | 3,219.2 | 2,922.8 |
| Goodwill | 26,945.2 | 26,945.2 | 26,945.2 | 26,945.2 | 26,909.8 | 26,909.8 | 26,909.8 | 26,913.1 | 26,913.1 | 26,913.1 |
| Intangible Assets | 8,013.8 | 8,402.6 | 8,787.4 | 9,183.0 | 9,585.5 | 9,997.7 | 10,434.8 | 10,871.1 | 11,312.0 | 11,762.7 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 742.9 | 695.5 | 701.7 | 718.3 | 749.1 | 766.8 | 762.2 | 734.3 | 742.9 | 688.1 |
| Total Non-Current Assets | 40,884.7 | 41,268.0 | 41,755.9 | 42,234.5 | 42,743.6 | 43,175.4 | 43,668.2 | 43,972.6 | 44,410.5 | 44,511.6 |
| Total Assets | 47,992.7 | 48,192.6 | 47,344.5 | 47,967.5 | 48,228.3 | 48,618.4 | 48,861.9 | 48,388.5 | 48,794.5 | 49,346.7 |
| Current Liabilities | ||||||||||
| Account Payables | 543.8 | 490.7 | 429.4 | 368.9 | 487.5 | 424.7 | 422.7 | 398.1 | 493.0 | 585.6 |
| Short-Term Debt | 446.6 | 548.7 | 548.7 | 948.3 | 947.4 | 1,446.7 | 1,447.0 | 1,043.8 | 1,046.3 | 544.7 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 468.2 | 0.0 | 0.0 | 0.0 | 256.9 | 0.0 | 0.0 | 0.0 | 389.6 | 0.0 |
| Total Current Liabilities | 3,245.8 | 2,979.0 | 2,690.6 | 2,971.0 | 2,988.3 | 3,226.6 | 3,297.3 | 2,923.4 | 3,201.0 | 2,831.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 8,145.1 | 8,139.9 | 6,648.4 | 6,618.6 | 6,634.3 | 6,655.7 | 6,611.7 | 5,946.7 | 5,902.5 | 6,437.6 |
| Deferred Tax Liabilities | 2,163.3 | 2,371.5 | 2,379.6 | 2,514.9 | 2,624.4 | 2,743.0 | 2,888.0 | 2,975.8 | 3,127.9 | 3,150.7 |
| Other Non-Current Liabilities | 622.8 | 616.2 | 615.2 | 792.6 | 805.0 | 802.9 | 816.1 | 994.5 | 998.1 | 1,023.6 |
| Total Non-Current Liabilities | 10,931.2 | 11,127.7 | 9,643.2 | 9,926.0 | 10,063.7 | 10,201.6 | 10,315.8 | 9,917.0 | 10,028.4 | 10,612.0 |
| Total Liabilities | 14,177.0 | 14,106.8 | 12,333.9 | 12,897.0 | 13,052.0 | 13,428.3 | 13,613.1 | 12,840.4 | 13,229.4 | 13,443.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 81.6 | 82.0 | 82.7 | 82.7 | 82.7 | 82.8 | 82.7 | 82.7 | 82.7 | 83.1 |
| Retained Earnings | 10,539.5 | 10,238.7 | 10,210.3 | 10,131.6 | 10,196.6 | 10,175.3 | 10,239.5 | 10,393.4 | 10,356.8 | 10,286.4 |
| Accumulated Other Comprehensive Income | (154.6) | (173.1) | (167.6) | (185.0) | (185.3) | (169.7) | (180.9) | (181.3) | (188.3) | (170.9) |
| Total Stockholders' Equity | 33,815.8 | 34,085.8 | 35,010.6 | 35,070.5 | 35,176.3 | 35,190.1 | 35,245.1 | 35,548.1 | 35,565.1 | 35,903.7 |
| Total Liabilities & Equity | 47,992.7 | 48,192.6 | 47,344.5 | 47,967.5 | 48,228.3 | 48,618.4 | 48,858.2 | 48,388.5 | 48,794.5 | 49,346.7 |
| Debt Metrics | ||||||||||
| Total Debt | 8,664.6 | 8,688.6 | 7,197.1 | 7,566.8 | 7,649.8 | 8,102.4 | 8,058.7 | 6,990.4 | 7,013.5 | 6,982.4 |
| Net Debt | 6,165.2 | 6,367.4 | 4,820.9 | 5,216.8 | 5,658.5 | 5,996.4 | 6,119.0 | 5,686.9 | 6,055.4 | 5,833.1 |
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 787.7 | 518.5 | 569.8 | 391.3 | 478.1 | 392.2 | 302.2 | 462.7 | 498.4 | 877.0 |
| Depreciation & Amortization | 495.3 | 487.3 | 500.6 | 515.6 | 520.5 | 530.3 | 528.3 | 525.3 | 536.1 | 587.7 |
| Stock-Based Compensation | 86.5 | 84.7 | 72.8 | 77.6 | 70.4 | 64.1 | 58.4 | 69.8 | 72.7 | 83.0 |
| Change in Working Capital | 489.0 | 28.2 | (238.8) | 202.6 | 80.6 | (36.8) | (27.6) | 178.5 | 112.1 | (270.3) |
| Other Non-Cash Items | (8.4) | (5.7) | 5.0 | (0.8) | (0.8) | 10.5 | 8.7 | 4.7 | (10.5) | 16.4 |
| Operating Cash Flow | 1,700.8 | 1,165.1 | 819.5 | 1,126.8 | 1,050.8 | 855.0 | 807.9 | 1,138.8 | 1,187.3 | 1,142.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (215.2) | (79.2) | (90.3) | (149.0) | (165.4) | (153.9) | (188.2) | (223.0) | (476.4) | (324.6) |
| Acquisitions | 0.0 | 0.0 | 0.0 | (45.7) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | 0.0 | (1,150.2) | 0.0 | 0.0 | 0.0 | (14.8) | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 372.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | (10.2) | (373.5) | 418.5 | 0.3 | 53.8 | (3.4) | (413.9) | 3.9 | (2.7) | (2.2) |
| Investing Cash Flow | (225.3) | (1,230.1) | 328.2 | (194.3) | (111.6) | (172.1) | (602.1) | (219.1) | (479.1) | (326.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (102.0) | 1,490.7 | (399.7) | 0.7 | (499.7) | (0.8) | 1,091.6 | (2.8) | 2.5 | 291.1 |
| Stock Repurchased | (680.5) | (1,075.2) | (248.6) | (160.4) | (94.9) | (118.0) | (222.4) | (180.4) | (469.9) | (686.5) |
| Dividends Paid | (486.9) | (490.2) | (491.0) | (456.3) | (456.8) | (456.5) | (456.1) | (426.1) | (428.0) | (430.5) |
| Other Financing Activities | (32.5) | 84.5 | 17.9 | 42.2 | (2.6) | 58.6 | 17.2 | 35.0 | (4.0) | (18.2) |
| Financing Cash Flow | (1,297.3) | 10.0 | (1,121.4) | (573.9) | (1,053.9) | (516.6) | 430.4 | (574.2) | (899.4) | (844.1) |
| Cash Position | ||||||||||
| Net Change in Cash | 178.2 | (55.0) | 26.2 | 358.7 | (114.7) | 166.3 | 636.1 | 345.5 | (191.2) | (28.4) |
| Cash at Beginning | 2,321.2 | 2,376.2 | 2,350.0 | 1,991.3 | 2,106.0 | 1,939.7 | 1,303.6 | 958.1 | 1,149.2 | 1,177.6 |
| Cash at End | 2,499.4 | 2,321.2 | 2,376.2 | 2,350.0 | 1,991.3 | 2,106.0 | 1,939.7 | 1,303.6 | 958.1 | 1,149.2 |
| Free Cash Flow | 1,485.7 | 1,086.0 | 729.2 | 977.8 | 885.4 | 701.1 | 619.7 | 915.9 | 710.9 | 817.9 |
| Key Metrics | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 3,076.1 | 2,880.3 | 2,640.1 | 2,423.2 | 2,443.2 | 2,312.2 | 2,159.0 | 2,512.7 | 2,716.5 | 3,076.5 |
| Gross Profit | 1,754.4 | 1,789.7 | 1,611.6 | 1,430.3 | 1,416.1 | 1,311.2 | 1,180.0 | 1,473.9 | 1,646.7 | 1,961.6 |
| Operating Income | 945.2 | 818.0 | 677.9 | 491.3 | 569.4 | 491.3 | 386.1 | 586.0 | 634.4 | 929.5 |
| Net Income | 787.7 | 518.5 | 569.8 | 391.3 | 478.1 | 392.2 | 302.2 | 462.7 | 498.4 | 877.0 |
| EPS (Diluted) | 1.60 | 1.04 | 1.14 | 0.78 | 0.96 | 0.79 | 0.61 | 0.93 | 0.99 | 1.74 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 2,499.4 | 2,321.2 | 2,376.2 | 2,350.0 | 1,991.3 | 2,106.0 | 1,939.7 | 1,303.6 | 958.1 | 1,149.2 |
| Total Assets | 47,992.7 | 48,192.6 | 47,344.5 | 47,967.5 | 48,228.3 | 48,618.4 | 48,861.9 | 48,388.5 | 48,794.5 | 49,346.7 |
| Total Debt | 8,664.6 | 8,688.6 | 7,197.1 | 7,566.8 | 7,649.8 | 8,102.4 | 8,058.7 | 6,990.4 | 7,013.5 | 6,982.4 |
| Stockholders' Equity | 33,815.8 | 34,085.8 | 35,010.6 | 35,070.5 | 35,176.3 | 35,190.1 | 35,245.1 | 35,548.1 | 35,565.1 | 35,903.7 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 1,700.8 | 1,165.1 | 819.5 | 1,126.8 | 1,050.8 | 855.0 | 807.9 | 1,138.8 | 1,187.3 | 1,142.5 |
| Capital Expenditure | (215.2) | (79.2) | (90.3) | (149.0) | (165.4) | (153.9) | (188.2) | (223.0) | (476.4) | (324.6) |
| Free Cash Flow | 1,485.7 | 1,086.0 | 729.2 | 977.8 | 885.4 | 701.1 | 619.7 | 915.9 | 710.9 | 817.9 |