ANALOG DEVICES INCADI
ANALOG DEVICES INC Financial Overview 2021–2025
Analog Devices signaled a decisive bullish turnaround in Q1 2026, where net income more than doubled year-over-year to $830.8 million. This profit surge, driven by a 30% jump in quarterly revenue to $3.16 billion, confirms the company has successfully navigated the recent semiconductor cycle trough and is aggressively reclaiming its operating leverage. The broader trajectory highlights a massive scale-up in operations, with annual revenue expanding from $7.32 billion in FY2021 to $11.02 billion in FY2025.
Profitability is recovering swiftly as factory utilization improves, with gross margins expanding 570 basis points to hit 64.7% in Q1 2026. This pricing power is bolstered by a fortress balance sheet holding $4.0 billion in cash and short-term investments. Management continues to prioritize shareholder returns, deploying $516.5 million for share repurchases in the most recent quarter and raising the quarterly dividend to $1.10 per share. Investors have rewarded this resilience and growth potential, valuing the stock at 51.3x earnings with a share price of $234.13 at the close of FY2025.
Recent Developments (Q3 2025 and Q1 2026)
Building on the recent turnaround, FY2025 results underscored a favorable structural mix, with the Industrial and Automotive segments contributing 45% and 30% of total revenue, respectively. Full-year gross margins expanded 440 basis points to 61.5%, providing a springboard for the Q1 2026 performance which was notably aided by specific strength in datacenters and test equipment. Corporate governance also evolved in January 2026 with the appointment of Yoky Matsuoka to the Board to replace retiring director Susie Wee, a move reinforcing the strategic pivot toward intelligent edge and AI applications.
Bulls emphasize the dividend increase to $1.10 from the prior $0.99 and $1.37 billion in quarterly operating cash flow as evidence of superior execution. However, bears caution that the rally has stretched valuations, with the stock trading at 76.0x trailing earnings and a price of $346.37 as of the Q1 2026 update, representing a significant multiple expansion compared to historical averages.
What to watch: Impact of new board leadership on AI strategy; sustainability of datacenter demand.
Rev
$11.02B
FY2025
NI
$2.27B
FY2025
EPS
$4.59
FY2025
OCF
$4.81B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
ANALOG DEVICES INC 8-K Report, Financial Results (Feb 18, 2026)
Analog Devices Inc. (ADI) has filed an 8-K report detailing its financial performance for the fiscal first quarter ended January 31, 2026, and a significant increase in its quarterly dividend. The company announced its financial results on February 18, 2026, through a press release. While the specific financial metrics (revenue, profit, etc.) are not detailed within the 8-K's text itself, these results are available in the furnished press release (Exhibit 99.1). In addition to its quarterly results, ADI's Board of Directors declared an increased quarterly cash dividend of $1.10 per share, up from $0.99 per share. This marks a positive signal for shareholders, indicating management's confidence in the company's financial health and its commitment to returning value to its investors. The dividend is payable on March 17, 2026, to shareholders of record on March 3, 2026.
ANALOG DEVICES INC 8-K Report, Executive Changes (Jan 23, 2026)
Analog Devices Inc. (ADI) announced a change in its Board of Directors. Susie Wee will be retiring and will not seek re-election at the upcoming 2026 annual shareholder meeting. Her departure is amicable and does not stem from any disagreements regarding the company's operations or policies. Dr. Wee will continue her board service, including her role on the Nominating and Corporate Governance Committee, until the annual meeting. Concurrently, the company has appointed Yoky Matsuoka as an independent director to the Board, increasing its size to eleven members. Dr. Matsuoka's appointment is effective immediately and will also continue until the 2026 Annual Meeting. She has also been appointed to the Corporate Development Committee. Her compensation includes annual cash retainers and a restricted stock unit (RSU) award, with prorated amounts from her appointment date.
ANALOG DEVICES INC 8-K Report, Financial Results (Nov 25, 2025)
Analog Devices, Inc. (ADI) has filed an 8-K report on November 25, 2025, to announce its financial results for the fourth quarter and fiscal year ended November 1, 2025. While the filing itself does not contain the specific financial figures, it references a press release (Exhibit 99.1) that provides these details. Investors should refer to this press release for comprehensive information on ADI's performance during the reported periods. The report also includes standard legal disclaimers, stating that the information furnished is not incorporated by reference into future filings and is not considered "filed" for purposes of specific sections of securities laws. The primary takeaway for investors is the announcement of financial results, with the detailed performance metrics available in the accompanying press release.
ANALOG DEVICES INC 8-K Report, Regulation FD Disclosure (Sep 19, 2025)
Analog Devices, Inc. (ADI) has filed an 8-K report on September 18, 2025, to announce the upcoming release of an Investor Presentation, scheduled to be shared with investors starting September 19, 2025. This presentation is part of the Company's ongoing shareholder engagement efforts and will be made available on ADI's corporate website. The filing is primarily informational, providing investors with access to materials that will likely contain updates on business strategy, market outlook, and potentially financial performance or guidance. Investors should refer to the Investor Presentation itself for specific details, as this 8-K filing only serves as a notification of its availability.
ANALOG DEVICES INC 8-K Report, Financial Results (Aug 20, 2025)
Analog Devices, Inc. (ADI) has filed an 8-K report on August 20, 2025, to announce its financial results for the fiscal third quarter ended August 2, 2025. The report primarily consists of a press release containing these results, furnished as Exhibit 99.1. Investors should refer to this press release for detailed financial performance metrics, including revenue, earnings per share, and any segment-specific performance data for the quarter. The company has also provided the cover page interactive data file in inline XBRL format.
View all 8-K filings →