Company Overview, Strategy and Mission Analog Devices, Inc. (we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers’ most complex engineering challenges. We deliver innovations that connect technology to human breakthroughs and play a critical role at the intersection of the physical and digital worlds by providing the building blocks to sense, measure, interpret, connect and power. We design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. Our comprehensive product portfolio, deep domain expertise and advanced manufacturing capabilities extend across high-performance precision and high-speed mixed-signal, power management and processing technologies – including data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.8B | 11.0B | 9.4B | 12.3B | 12.0B | 7.3B |
| Net Income | 2.7B | 2.3B | 1.6B | 3.3B | 2.7B | 1.4B |
| EPS | $5.47 | $4.56 | $3.28 | $6.55 | $5.25 | $3.46 |
| Free Cash Flow | 4.6B | 4.3B | 3.1B | 3.6B | 3.8B | 2.4B |
| ROIC | 7.5% | 6.2% | 4.6% | 8.5% | 7.3% | 4.1% |
| Gross Margin | 62.8% | 61.5% | 57.1% | 64.0% | 62.7% | 61.8% |
| Debt/Equity | 0.26 | 0.25 | 0.22 | 0.20 | 0.18 | 0.19 |
| Dividends/Share | $4.00 | $3.89 | $3.62 | $3.34 | $2.97 | $2.69 |
| Operating Income | 3.4B | 2.9B | 2.0B | 3.8B | 3.3B | 1.7B |
| Operating Margin | 29.2% | 26.6% | 21.6% | 31.1% | 27.3% | 23.1% |
| ROE | 8.0% | 6.6% | 4.6% | 9.3% | 7.5% | 3.7% |
| Shares Outstanding | 488M | 497M | 499M | 506M | 524M | 402M |
ANALOG DEVICES INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
ANALOG DEVICES INC trades at 64.0x trailing earnings, compared to its 15-year median P/E of 32.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 37.5x vs a median of 25.2x. The company's 5-year average ROIC is 6.1% with a gross margin of 61.4%. Total shareholder yield (dividends + buybacks) is 2.6%. At current prices, the estimated annualized return to fair value is +6.3%.
ANALOG DEVICES INC (ADI) has a current P/E ratio of 64.0, compared to its historical median P/E of 32.8. The stock is currently considered Expensive based on its historical valuation range.
ANALOG DEVICES INC (ADI) has a 5-year average return on invested capital (ROIC) of 6.1%. This is below average and may indicate limited pricing power.
ANALOG DEVICES INC (ADI) has a market capitalization of $170.9B. It is classified as a large-cap stock.
Yes, ANALOG DEVICES INC (ADI) pays a dividend with a trailing twelve-month yield of 1.14%. The company also returns capital through share buybacks, with a buyback yield of 1.48%.
Based on historical P/E analysis, ANALOG DEVICES INC (ADI) appears expensive. The current P/E of 64.0 is 95% above its historical median of 32.8. The estimated fair value CAGR (P/E method) is 5.6%.
ANALOG DEVICES INC (ADI) operates in the Semiconductors & Related Devices industry, within the Technology sector.
ANALOG DEVICES INC (ADI) reported annual revenue of $11.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
ANALOG DEVICES INC (ADI) has a net profit margin of 20.6%. This is a strong margin indicating high profitability.
ANALOG DEVICES INC (ADI) generated $4.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ANALOG DEVICES INC (ADI) has a debt-to-equity ratio of 0.25. This indicates a conservatively financed balance sheet.
ANALOG DEVICES INC (ADI) reported earnings per share (EPS) of $4.56 in its most recent fiscal year.
ANALOG DEVICES INC (ADI) has a return on equity (ROE) of 6.6%. This indicates moderate shareholder returns.
ANALOG DEVICES INC (ADI) has a 5-year average gross margin of 61.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for ANALOG DEVICES INC (ADI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ANALOG DEVICES INC (ADI) has a book value per share of $68.01, based on its most recent annual SEC filing.