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NasdaqGS · Technology · Financials

Analog Devices, Inc. (ADI) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for ADI. Market data source · as of 2026-08-01.

Section freshness

Price Aug 18, 4:00 PM EDT · Statements Jul 31, 8:00 PM EDT

Financial read

ADI latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$4.02B

+39.6% YoY

Net income

$1.34B

+13.9% QoQ

Gross margin

67.32%

Gross profit $2.71B

Net margin

33.32%

Operating margin 40.10%

Balance sheet coverage

ADI balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-08-01

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$48.42B

Liabilities —

Cash / debt

$2.17B

Net cash -$4.61B

Equity / working capital

$33.55B

Working capital $1.42B

Financial statements

ADI statement coverage.

Income statement, balance sheet, and cash-flow figures for ADI, with quarterly and annual history in the tables below.

Data last updated

Jul 31, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual ADI statements, sourced from Market data source · as of 2026-08-01.

Financial statement period

ADI statement history

Market data source · as of 2026-08-01 · Data last updated: Jul 31, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$4.02B	$2.71B	$1.61B	$1.34B	33.32%	+11.0%	+13.9%
Q1 FY2026	$3.62B	$2.44B	$1.38B	$1.18B	32.46%	+14.7%	+41.6%
Q4 FY2025	$3.16B	$2.04B	$997.03M	$830.83M	26.29%	+9.7%	+60.2%
Q2 FY2025	$2.88B	$1.79B	$818.03M	$518.52M	18.00%	0.0%	0.0%
Q3 FY2025	$2.88B	$1.79B	$818.03M	$518.52M	18.00%	+9.1%	-9.0%
Q1 FY2025	$2.64B	$1.61B	$677.94M	$569.77M	21.58%	+9.0%	+45.6%
Q4 FY2024	$2.42B	$1.43B	$491.31M	$391.32M	16.15%	+4.8%	-0.2%
Q2 FY2024	$2.31B	$1.31B	$491.32M	$392.23M	16.96%	0.0%	0.0%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total debt	Total equity	Debt QoQ
Q2 FY2026	$2.17B	$7.07B	$5.66B	$48.42B	$6.77B	$33.55B	-6.4%
Q1 FY2026	$2.44B	$7.81B	$4.46B	$47.95B	$7.24B	$33.74B	-11.2%
Q4 FY2025	$2.50B	$7.11B	$3.25B	$47.99B	$8.15B	$33.82B	0.0%
Q3 FY2025	$2.50B	$7.11B	$3.25B	$47.99B	$8.15B	$33.82B	+0.1%
Q2 FY2025	$2.32B	$6.92B	$2.98B	$48.19B	$8.14B	$34.09B	+22.4%
Q1 FY2025	$2.38B	$5.59B	$2.69B	$47.34B	$6.65B	$35.01B	+0.2%
Q4 FY2024	$1.99B	$5.48B	$2.99B	$48.23B	$6.63B	$35.18B	0.0%
Q3 FY2024	$1.99B	$5.48B	$2.99B	$48.23B	$6.63B	$35.18B	-0.3%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q2 FY2026				$1.34B
Q1 FY2026				$1.18B
Q4 FY2025				$830.83M
Q2 FY2025				$518.52M
Q3 FY2025				$518.52M
Q1 FY2025				$569.77M
Q4 FY2024				$391.32M
Q2 FY2024				$392.23M

Valuation and returns

Enterprise value: $188.06B; TECHi computed

Return on equity: 11.52%; Market data source

Return on assets: 7.98%; Market data source

Debt / equity: 0.20; Current ratio 1.25

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $11.56B; Annual statement 2026-01-31

Annual income base: $2.44B; Annual statement 2026-01-31

Market cap / annual revenue: 15.87; Live market value divided by annual revenue

Market cap / annual income: 75.26; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue16.27

EV / annual operating income56.80

Market capitalization bridge

Market cap / annual revenue15.87

Market cap / annual income75.26

TTM valuation multiples

TTM revenue: $13.69B; Trailing twelve months

TTM EBIT: $4.81B; TTM operating income

Market cap / TTM revenue: 13.40; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 13.74; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income47.46

EV / TTM EBIT39.12

Revenue, net income, and free cash flow

Revenue$4.02BNet income$1.34B

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+39.6%

Debt growth YoY-16.8%

Operating expense growth YoY+12.6%

Quarterly margin heatmap

Gross margin

Q1 FY2025

61.04%

Q3 FY2025

62.14%

Q2 FY2025

62.14%

Q4 FY2025

64.71%

Q1 FY2026

67.33%

Q2 FY2026

67.32%

Operating margin

Q1 FY2025

25.68%

Q3 FY2025

28.40%

Q2 FY2025

28.40%

Q4 FY2025

31.55%

Q1 FY2026

38.08%

Q2 FY2026

40.10%

Net margin

Q1 FY2025

21.58%

Q3 FY2025

18.00%

Q2 FY2025

18.00%

Q4 FY2025

26.29%

Q1 FY2026

32.46%

Q2 FY2026

33.32%

Latest quarter expense mix

Cost of revenue$1.31B

Operating expenses$1.09B

R&D$533.48M

SG&A$397.33M

Profit bridge

EBIT$1.61B

Pretax income$1.55B

Tax expense$205.78M

Other income statement lines

Income before tax$1.55B

Income tax expense$205.78M

Balance sheet · Q2 FY2026

Cash & equivalents: $2.17B

Total debt: $6.77B

Net cash: -$4.61B; Net debt position

Total equity: $33.55B

Balance sheet detail

Current assets: $7.07B

Current liabilities: $5.66B

Inventory: $1.93B

Receivables: $2.39B

Property, plant & equipment: $3.35B

Long-term debt: $6.77B

Debt and liquidity

Debt / revenuei0.49

Debt / income1.75

Cash / debt0.32

Quick ratioi0.81

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for ADI?

The ADI Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Analog Devices, Inc.. Missing modules and empty line items are omitted.

How current are ADI's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Analog Devices, Inc.'s reported net margin?

Analog Devices, Inc.'s fresh reported margin field is 28.25%. The Financials page shows the supporting period data currently available for ADI.