ADI on Nasdaq

Analog Devices

Logo: Connormah, Public domain, via Wikimedia Commons5

American semiconductor manufacturer

Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.3 From Wikipedia, CC BY-SA 4.0

$404.96 up 1.39 (0.34%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$11.0BRevenue, fiscal 20256
$2.3BNet income, fiscal 20256
1965Founded1

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  • TickerADI on Nasdaq1
  • Industrysemiconductor industry1
  • HeadquartersNorwood1
  • Founded inCambridge1
  • Websitewww.analog.com
  • Incorporated inMA7
  • Business addressOne Analog Way, Wilmington, Ma 018877
  • Filer categoryLarge accelerated filer7
Analog Devices headquarters 20110504
Photo: Analog Devices, CC BY-SA 3.0, via Wikimedia Commons9

Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

61.5%Gross margin6
26.6%Operating margin6
20.6%Net margin6
16.9%Revenue growth, 20256
6.7%Return on equity6
0.24×Debt to equity6
$4.3BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Industrial brought in 45% of the revenue Analog Devices broke down this way in fiscal 2025.

  1. Industrial$4.9B645%up 15% from 2024
  2. Automotive$3.3B630%up 16% from 2024
  3. Consumer$1.4B613%up 19% from 2024
  4. Communications$1.4B613%up 26% from 2024
Business segments by year
Business segments202320242025
Industrial$6.6B$4.3B$4.9B
Automotive$2.9B$2.8B$3.3B
Consumer$1.2B$1.2B$1.4B
Communications$1.6B$1.1B$1.4B

Regions

United States brought in 29% of the revenue Analog Devices broke down this way in fiscal 2025.

  1. United States$3.2B629%up 14% from 2024
  2. China$2.9B626%up 34% from 2024
  3. Europe$2.3B621%up 8% from 2024
  4. Rest Of Asia$1.5B613%up 24% from 2024
  5. Japan$989.9M69%down 9% from 2024
  6. Rest Of North And South America$162.5M61%up 161% from 2024
Regions by year
Regions202320242025
United States$4.2B$2.8B$3.2B
China$2.2B$2.1B$2.9B
Europe$3.0B$2.1B$2.3B
Rest Of Asia$1.4B$1.2B$1.5B
Japan$1.4B$1.1B$989.9M
Rest Of North And South America$88.6M$62.3M$162.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue39¢$4.2B
  • Research and development16¢$1.8B
  • Selling, general and admin11¢$1.3B
  • Other costs9¢$1.0B
  • Income tax4¢$444.8M
  • Profit21¢$2.3B

Out of $11.0B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending11¢$533.6M
  • Dividends paid40¢$1.9B
  • Share buybacks45¢$2.2B
  • Kept or used elsewhere4¢$189.6M

Out of $4.8B of cash from operations.6

Financial statements

Revenue10111213146$11.0B in 2025+77% since 2018
0$5.0B$10.0B$15.0B2018: $6.2B$6.2B20182019: $6.0B$6.0B2019−4%2020: $5.6B$5.6B2020−6%2021: $7.3B$7.3B2021+31%2022: $12.0B$12.0B2022+64%2023: $12.3B$12.3B2023+2%2024: $9.4B$9.4B2024−23%2025: $11.0B$11.0B2025+17%
Gross profit10111213146$6.8B in 2025+59% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $4.3B$4.3B20182019: $4.0B$4.0B2019−6%2020: $3.7B$3.7B2020−8%2021: $4.5B$4.5B2021+23%2022: $7.5B$7.5B2022+66%2023: $7.9B$7.9B2023+5%2024: $5.4B$5.4B2024−32%2025: $6.8B$6.8B2025+26%
Operating income10111213146$2.9B in 2025+54% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $1.9B$1.9B20182019: $1.7B$1.7B2019−10%2020: $1.5B$1.5B2020−12%2021: $1.7B$1.7B2021+13%2022: $3.3B$3.3B2022+94%2023: $3.8B$3.8B2023+17%2024: $2.0B$2.0B2024−47%2025: $2.9B$2.9B2025+44%
Net income10111213146$2.3B in 2025+50% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $1.5B$1.5B20182019: $1.4B$1.4B2019−10%2020: $1.2B$1.2B2020−10%2021: $1.4B$1.4B2021+14%2022: $2.7B$2.7B2022+98%2023: $3.3B$3.3B2023+21%2024: $1.6B$1.6B2024−51%2025: $2.3B$2.3B2025+39%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-10-312024-10-312023-10-31
Revenue$11.0B$9.4B$12.3B
Cost of sales$4.2B$4.0B$4.4B
Gross margin$6.8B$5.4B$7.9B
Research and development$1.8B$1.5B$1.7B
Selling, marketing, general and administrative$1.3B$1.1B$1.3B
Amortization of intangibles$749.7M$754.8M$959.6M
Special charges, net$70.0M$37.3M$160.7M
Total operating expenses$3.8B$3.3B$4.1B
Operating income$2.9B$2.0B$3.8B
Interest expense$317.7M$322.2M$264.6M
Interest income-$105.3M-$78.8M-$41.3M
Other, net$7.9M$12.0M-$8.2M
Total nonoperating expense (income)$220.4M$255.5M$215.1M
Income before income taxes$2.7B$1.8B$3.6B
Provision for income taxes$444.8M$142.1M$293.4M
Net income$2.3B$1.6B$3.3B
Shares used to compute earnings per common share basic (in shares)494.4M shares496.2M shares502.2M shares
Shares used to compute earnings per common share diluted (in shares)496.7M shares498.7M shares506.0M shares
Basic earnings per common share (in dollars per share)$4.59$3.30$6.60
Diluted earnings per common share (in dollars per share)$4.56$3.28$6.55

Compare Analog Devices with another company

The story

Founded by Ray Stata in 1965, in Cambridge.1

The company was founded by Ray Stata and Matthew Lorber, two MIT graduates, in 1965. The same year, the company released its first product, the Model 101 operational amplifier (op amp), which was a hockey-puck sized module used in test and measurement equipment. In 1967, the company published the first issue of its technical magazine, Analog Dialogue.

In 1969, Analog Devices filed an initial public offering and became a publicly traded company. Ten years later, the company was listed on the New York Stock Exchange.

In 1973, the company was the first to launch laser trim wafers and the first CMOS digital-to-analog converter. By 1996, the company reported over $1 billion in company revenue. That same year, Jerald Fishman was named president and CEO, a position he held until his death in 2013 (see below).

In 2000, Analog Devices's sales grew by over 75% to $2.578 Billion and the company acquired five companies including BCO Technologies PLC, a manufacturer of thick film semiconductors, for $150 million.

By 2004, Analog Devices had a customer base of 60,000 and its portfolio included over 10,000 products.

In January 2008, ON Semiconductor completed the acquisition of the CPU Voltage and PC Thermal Monitoring Business from Analog Devices., for $184 million.

In 2012, the company led the worldwide data converter market with a 48.5% share, according to analyst firm Databeans. Also, the company moved its listing from the NYSE to Nasdaq effective April 2, 2012.

In July 2016, Analog and Linear Technology agreed that Analog would acquire Linear in an approximately $14.8 billion cash and stock deal.

Read the full text

In July 2020, Analog agreed to acquire Maxim Integrated in an all stock deal that values the combined company at $68 billion.

From Wikipedia’s article on Analog Devices, shared under CC BY-SA 4.0.8

Leadership

Who has led Analog Devices, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (60)

Products and brands

  • semiconductor

Listed on Wikidata.1

Products and technologies

Analog Devices products include analog signal processing and digital signal processing technologies. These technologies include data converters, amplifiers, radio frequency (RF) technologies, embedded processors or digital signal processing (DSP) ICs, power management, and interface products.

Data converters include analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) that convert electrical signal representations of real-world analog phenomena, such as light, sound, waveforms, temperature, motion, and pressure into digital signals or data, and back again. Analog Devices ADC and DAC ICs are used in medical systems, scientific instrumentation, wireless and wired communications, radar, industrial process control, audio and video equipment, and other digital-processing-based systems, where an accurate signal conversion is critical. Data converters account for more than 50% of ADI's revenue. ADI's companion amplifier ICs provide accurate, high-speed and precise signals for driving data converters and are key for applications such as digital audio, current sensing, and precision instrumentation.

The company's data converter chips are used by National Instruments in high-precision measurement instrumentation systems. Its data converters and amplifiers are also used by scientists and researchers in project "IceCube" – an underground neutrino telescope that uses digital optical modules (DOMS) to detect subatomic particles in the South Pole.

Power management products for customers in the industrial, wireless infrastructure and digital camera markets support signal chain design requirements, such as dynamic range, transient performance, and reliability.

Read the full text

Interface products include a broad range of interface IC products offered by the company in product categories such as CAN (controller area network), digital isolators, level translators, LVDS, mobile I/O expander and keyboard controller, USB, and RS-232.

Amplifiers includes precision and operational amplifiers, instrumentation, current sense, differential amplifiers, audio amplifiers, video amplifiers/buffers/filters, variable gain amplifiers, comparators, voltage, other specialty amplifiers and products for special linear functions.

Radio frequency integrated circuits (RFICs) address the RF signal chain and simplify RF system development. The company's RF portfolio includes TruPwr RMS power detectors and logarithmic amplifiers; PLL and DDS synthesizers; RF prescalers; variable gain amplifiers; ADC drivers, gain blocks, LNAs and other RF amplifiers.

Processors and DSP are programmable signal processing integrated circuits that execute specialized software programs, or algorithms, associated with processing digitized real-time data. Analog Devices Processors and DSPs are the Blackfin, SHARC, SigmaDSP, TigerSHARC, ADSP-21xx and Precision Analog Microcontrollers. These make up the company's embedded processing and DSP portfolio, that are multi-DSP signal processing,

Historical

Analog Devices had a line of micro-electromechanical systems (MEMS) microphones until it sold that business to InvenSense in 2013. Analog Devices MEMS microphones were found in smart phones, tablet PCs, security systems, and medical applications. ADI's MEMS accelerometers were designed into game pad controllers by Microsoft, Logitech and Pellican.

Locations

Analog Devices is headquartered in Wilmington, Massachusetts, with regional headquarters

located in Shanghai, China; Munich, Germany; Limerick, Ireland; and Tokyo, Japan.

Analog Devices has fabrication plants located in the United States and in Ireland. The company's testing facilities are located in General Trias, Philippines; Chonburi, Thailand; and Penang, Malaysia.

Design centers are located in Australia, Canada, China, Egypt, England, Germany, India, Italy,

Japan, Scotland, Spain, Taiwan, Turkey and the United States.

Markets

Healthcare

Analog Devices sells linear, mixed-signal, MEMS and digital signal processing technologies for medical imaging, patient monitoring, medical instrumentation and home healthcare. The company's precision signal-processing components and Blackfin digital signal processors are included in Karmelsonix's Wholter, an overnight pulmonary monitor, and the Wheezometer, a personal asthmatic assessment device. Accelerometers produced by Analog Devices are included in ZOLL Medical's PocketCPR, which measures the depth of chest compressions and provides audible and visual feedback to a rescuer to allow adjustment to proper depth and to the correct rate of compression. In March 2024, the company announced that it had received U.S. FDA 510(k) clearance for Sensinel, a compact, wearable, non-invasive remote Cardiopulmonary Management (CPM) System that captures cardiopulmonary measurements for chronic disease management such as heart failure.

Automotive

Analog Devices develops components for safety systems, such as stability control systems and driver assistance systems, infotainment and interior applications. Powertrain systems in hybrid and electric vehicles use high-precision data conversion products in battery monitoring and control systems. In June 2025, ADI announced the formation of OpenGMSL Association to revolutionize the future on In-Vehicle Connectivity by creating a worldwide standard for transmission of video and high-speed data in the automotive ecosystem.

Industrial

Analog Devices industrial market includes process control systems that help drive productivity, energy efficiency and reliability.

Consumer

Analog Devices has technology for consumer electronics, which includes signal processing circuits for image processing, auto focus, and image stabilization for digital still cameras and camcorders, audio and video processors for home theater systems, DVD recorders, and high-definition televisions and advanced touch screen controllers for portable media devices.

From Wikipedia’s article on Analog Devices, shared under CC BY-SA 4.0.8

Acquisitions

1969: Pastoriza Electronics

1971: Nova Devices

1978: Computer Labs

1984: International Imaging Systems

Read the full text

1990: Precision Monolithics, Inc.

1991: Edsun Laboratories-Tech Assets

1996: Mosaic Microsystems Ltd.

1997: Medialight Inc.

1999: Edinburgh Portable Compilers | White Mountain DSP

2000: BCO Technologies PLC, Signal Processing Associates, Integrated Micro Instruments Inc., Chiplogic Inc. and Staccato Systems Inc.

2006: AudioAsics A/S, Integrant Technologies and TTPCom Ltd.-Certain Property

2011: Lyric Semiconductor, Inc.

2014: Hittite Microwave Corporation (HITT)

2016: Linear Technology, Sypris Electronics and Cyber Security Solutions Business

2018: Symeo GmbH

2019: Test Motors

2020: Maxim Integrated

2026: Empower Semiconductor

2026: Alif Semiconductor

From Wikipedia’s article on Analog Devices, shared under CC BY-SA 4.0.8

Employees over time

  • 20119,2001

Timeline

  1. Jun 18, 2013New chief executive Vincent Roche becomes CEO21
  2. Aug 19, 2003New chief executive Jerald Fishman becomes CEO22
  3. 1965Founded Founded in Cambridge1

Recent filings

  1. Oct 13, 20264
  2. Oct 9, 20264
  3. Oct 8, 2026144
  4. Oct 8, 20264
  5. Oct 7, 2026144
  6. Oct 7, 20264
  7. Oct 6, 2026144
  8. Oct 5, 20264
  9. Oct 5, 20264
  10. Oct 5, 20264
  11. Oct 2, 2026144
  12. Oct 2, 2026144
  13. Oct 1, 2026144
  14. Sep 23, 20264
  15. Sep 22, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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