ADI Analog Devices

XNGS Up Alert

Technology

· How we analyze

About the company

Analog Devices makes semiconductors that measure real-world signals such as temperature, pressure, sound or current and convert them into digital data. The chips are used in industrial equipment, cars, communications technology and medical devices. The Massachusetts company sells worldwide. As of Oct 11, 2026

Fact sheet (from the annual report) Semiconductors (chips) · Wilmington, USA

Analog Devices designs, manufactures, tests and markets integrated circuits, software and subsystems for analog, mixed-signal and digital processing. Its offering includes data converters, amplifiers, power management components, radio frequency chips, processors and sensors. The analog chips capture and convert physical quantities such as temperature, pressure, light or motion and regulate the voltage of electronic systems. Besides standard products for many customers, it creates application-specific solutions for individual customers or customer groups. The end markets are industrial, automotive, communications and consumer electronics. Sales run through its own sales force, distributors, sales representatives and the website; customers are equipment makers and companies that build electronic subsystems.

Automatically summarized from SEC annual report (10-K, filed Nov 25, 2025) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +4.3%
  • 7 days +3.4%
  • 30 days +3.6%
  • 1 year +71.4%
Day range (last trading day)
−3.6%Price at 86% of the range+0.6%
52-week range
−45.2%Price at 83% of the range+9.3%
Distance from the all-time high
−8.5%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Pullback in trend · Analysis method

This method currently detects no pattern for ADI. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NASDAQ:ADI

Fundamental analysis

Analog Devices · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Nov 25, 2025.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Nov 1, 2025

Quality Profitability, consistency, balance sheet 7 of 8 criteria met Growth Revenue and earnings per share 5 of 7 criteria met Dividend Level, consistency, coverage 6 of 7 criteria met Financial strength Piotroski, debt, liquidity 5 of 6 criteria met

Quality 7 of 8 met

  • met: Gross margin above 40% 61.5%
  • met: Operating margin above 15% 26.6%
  • met: Net margin above 10% 20.6%
  • not met: Return on equity above 15% 6.7%
  • met: Free cash flow margin above 10% 38.8%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 70.5%
Gross margin

61.5% Fiscal year 2025

Rank 67 of 100: higher than 67% of 153 peers (All). strong.

Rank 57 of 100: higher than 57% of 57 peers (Sector). medium.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

26.6% Fiscal year 2025

Rank 72 of 100: higher than 72% of 192 peers (All). strong.

Rank 64 of 100: higher than 64% of 60 peers (Sector). medium.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

20.6% Fiscal year 2025

Rank 68 of 100: higher than 68% of 237 peers (All). strong.

Rank 63 of 100: higher than 63% of 63 peers (Sector). medium.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

6.7% Fiscal year 2025

Rank 24 of 100: higher than 24% of 218 peers (All). weak.

Rank 42 of 100: higher than 42% of 61 peers (Sector). medium.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

4.7% Fiscal year 2025 (total assets at year end)

Rank 43 of 100: higher than 43% of 238 peers (All). medium.

Rank 44 of 100: higher than 44% of 63 peers (Sector). medium.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

70.5% Fiscal year 2025

Rank 89 of 100: higher than 89% of 239 peers (All). strong.

Rank 83 of 100: higher than 83% of 63 peers (Sector). strong.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

38.8% Fiscal year 2025

Rank 93 of 100: higher than 93% of 213 peers (All). strong.

Rank 86 of 100: higher than 86% of 62 peers (Sector). strong.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

4.3B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 5 of 7 met

  • not met: Over 3 years, revenue grew by more than 5% per year −2.8%
  • met: Over 5 years, revenue grew by more than 5% per year +14.5%
  • met: Over 10 years, revenue grew by more than 5% per year +12.4%
  • not met: Over 3 years, EPS grew by more than 5% per year −4.6%
  • met: Over 5 years, EPS grew by more than 5% per year +6.8%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +16.9%
Revenue growth 3 years

−2.8% per year

Rank 12 of 100: higher than 12% of 230 peers (All). weak.

Rank 11 of 100: higher than 11% of 59 peers (Sector). weak.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+14.5% per year

Rank 62 of 100: higher than 62% of 217 peers (All). medium.

Rank 49 of 100: higher than 49% of 54 peers (Sector). medium.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+12.4% per year

Rank 74 of 100: higher than 74% of 157 peers (All). strong.

Rank 50 of 100: higher than 50% of 37 peers (Sector). medium.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

EPS growth 3 years

−4.6% per year

Rank 20 of 100: higher than 20% of 157 peers (All). weak.

Rank 17 of 100: higher than 17% of 32 peers (Sector). weak.

Median Technology: +19.2%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+6.8% per year

Rank 26 of 100: higher than 26% of 146 peers (All). weak.

Rank 19 of 100: higher than 19% of 34 peers (Sector). weak.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+7.6% per year

Rank 38 of 100: higher than 38% of 140 peers (All). medium.

Rank 24 of 100: higher than 24% of 27 peers (Sector). weak.

Median Technology: +17.5%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 6 of 7 met

  • met: Pays a dividend 3.89 USD
  • not met: Payout ratio at most 60% of earnings 85%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +10.1%
  • met: Free cash flow per share covers the dividend 2.2x
  • met: Dividends paid over the last 5 years covered by free cash flow 47% of free cash flow
Payout ratio

85% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+10.1% per year

Rank 58 of 100: higher than 58% of 118 peers (All). medium.

Rank 40 of 100: higher than 40% of 21 peers (Sector). medium.

Median Technology: +11.2%

Growth of the dividend per share per year.

Free cash flow coverage

2.2x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 5 of 6 met

  • met: Piotroski F-Score at least 7 of 9 8 of 9
  • met: Long-term debt no higher than equity 0.24
  • met: Current assets cover current liabilities 2.19
  • met: Positive equity 33.8B USD
  • not met: In 5 years, share count up by at most 5% +33.5%
  • met: Free cash flow positive in the last fiscal year 4.3B USD
Piotroski F-Score

8 of 9 Fiscal year 2025

Rank 90 of 100: higher than 90% of 134 peers (All). strong.

Rank 92 of 100: higher than 92% of 44 peers (Sector). strong.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.24 at fiscal year end

Rank 77 of 100: lower than 77% of 199 peers (All). strong.

Rank 68 of 100: lower than 68% of 54 peers (Sector). strong.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

2.19 at fiscal year end

Rank 73 of 100: higher than 73% of 215 peers (All). strong.

Rank 53 of 100: higher than 53% of 63 peers (Sector). medium.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

+33.5% in 5 years

Rank 15 of 100: lower than 15% of 199 peers (All). weak.

Rank 21 of 100: lower than 21% of 51 peers (Sector). weak.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+14.5% per year), at least as fast as the sector median.
  • Light yellow: Net income (total) grew over 5 years (+13.2% per year), more slowly than the sector median; per share +6.8% per year.
  • Light green: Net margin 20.6%, above the sector median (12.5%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.
  • Light yellow: High payout ratio (85% of earnings).

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Nov 1, 2015 – Oct 29, 2016): Revenue 3.4B USD · Net income 861.7M USD · Net margin 25.2%
  2. Fiscal year 2017 (Oct 30, 2016 – Oct 28, 2017): Revenue 5.1B USD · Net income 727.3M USD · Net margin 14.2%
  3. Fiscal year 2018 (Oct 29, 2017 – Nov 3, 2018): Revenue 6.2B USD · Net income 1.5B USD · Net margin 24.1%
  4. Fiscal year 2019 (Nov 4, 2018 – Nov 2, 2019): Revenue 6.0B USD · Net income 1.4B USD · Net margin 22.8%
  5. Fiscal year 2020 (Nov 3, 2019 – Oct 31, 2020): Revenue 5.6B USD · Net income 1.2B USD · Net margin 21.8%
  6. Fiscal year 2021 (Nov 1, 2020 – Oct 30, 2021): Revenue 7.3B USD · Net income 1.4B USD · Net margin 19.0%
  7. Fiscal year 2022 (Oct 31, 2021 – Oct 29, 2022): Revenue 12.0B USD · Net income 2.7B USD · Net margin 22.9%
  8. Fiscal year 2023 (Oct 30, 2022 – Oct 28, 2023): Revenue 12.3B USD · Net income 3.3B USD · Net margin 26.9%
  9. Fiscal year 2024 (Oct 29, 2023 – Nov 2, 2024): Revenue 9.4B USD · Net income 1.6B USD · Net margin 17.3%
  10. Fiscal year 2025 (Nov 3, 2024 – Nov 1, 2025): Revenue 11.0B USD · Net income 2.3B USD · Net margin 20.6%

Fiscal year 2025 (Nov 3, 2024 – Nov 1, 2025): Revenue 11.0B USD · Net income 2.3B USD · Net margin 20.6%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 61.5 USD gross profit, 26.6 USD operating income and 20.6 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue11.0B USD100.0%
Gross profit6.8B USD61.5%
Cost of revenue4.2B USD38.5%
Operating income2.9B USD26.6%
Research & development1.8B USD16.0%
Other operating expenses2.1B USD18.8%
Net income2.3B USD20.6%
Interest expense317.7M USD2.9%
Taxes & other (net)347.4M USD3.2%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin stayed roughly the same in 5 years (26.6%).

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 65.1% · Operating margin 30.0% · Net margin 25.2%
  2. Fiscal year 2017: Gross margin 59.9% · Operating margin 20.7% · Net margin 14.2%
  3. Fiscal year 2018: Gross margin 68.3% · Operating margin 30.3% · Net margin 24.1%
  4. Fiscal year 2019: Gross margin 67.0% · Operating margin 28.6% · Net margin 22.8%
  5. Fiscal year 2020: Gross margin 65.9% · Operating margin 26.7% · Net margin 21.8%
  6. Fiscal year 2021: Gross margin 61.8% · Operating margin 23.1% · Net margin 19.0%
  7. Fiscal year 2022: Gross margin 62.7% · Operating margin 27.3% · Net margin 22.9%
  8. Fiscal year 2023: Gross margin 64.0% · Operating margin 31.1% · Net margin 26.9%
  9. Fiscal year 2024: Gross margin 57.1% · Operating margin 21.6% · Net margin 17.3%
  10. Fiscal year 2025: Gross margin 61.5% · Operating margin 26.6% · Net margin 20.6%

Returns

Return on equity fell in 5 years from 10.2% to 6.7%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 16.7% · Return on assets 10.8%
  2. Fiscal year 2017: Return on equity 7.2% · Return on assets 3.4%
  3. Fiscal year 2018: Return on equity 13.6% · Return on assets 7.3%
  4. Fiscal year 2019: Return on equity 11.6% · Return on assets 6.4%
  5. Fiscal year 2020: Return on equity 10.2% · Return on assets 5.7%
  6. Fiscal year 2021: Return on equity 3.7% · Return on assets 2.7%
  7. Fiscal year 2022: Return on equity 7.5% · Return on assets 5.5%
  8. Fiscal year 2023: Return on equity 9.3% · Return on assets 6.8%
  9. Fiscal year 2024: Return on equity 4.6% · Return on assets 3.4%
  10. Fiscal year 2025: Return on equity 6.7% · Return on assets 4.7%

Equity and long-term debt

The equity ratio rose in 5 years from 55.9% to 70.5%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases. Definition changes: some years use a different debt tag.
  1. Fiscal year 2016: Equity 5.2B USD · Long-term debt 1.7B USD
  2. Fiscal year 2017: Equity 10.2B USD · Long-term debt 7.6B USD
  3. Fiscal year 2018: Equity 11.0B USD · Long-term debt 6.3B USD
  4. Fiscal year 2019: Equity 11.7B USD · Long-term debt 5.2B USD
  5. Fiscal year 2020: Equity 12.0B USD · Long-term debt 5.1B USD
  6. Fiscal year 2021: Equity 38.0B USD · Long-term debt 6.3B USD
  7. Fiscal year 2022: Equity 36.5B USD · Long-term debt 6.5B USD
  8. Fiscal year 2023: Equity 35.6B USD · Long-term debt 5.9B USD
  9. Fiscal year 2024: Equity 35.2B USD · Long-term debt 6.6B USD
  10. Fiscal year 2025: Equity 33.8B USD · Long-term debt 8.1B USD

Liquidity (current ratio)

The current ratio rose in 5 years from 1.84 to 2.19.

Current ratio
  1. Fiscal year 2016: Current ratio 6.35
  2. Fiscal year 2017: Current ratio 1.47
  3. Fiscal year 2018: Current ratio 1.50
  4. Fiscal year 2019: Current ratio 1.32
  5. Fiscal year 2020: Current ratio 1.84
  6. Fiscal year 2021: Current ratio 1.94
  7. Fiscal year 2022: Current ratio 2.02
  8. Fiscal year 2023: Current ratio 1.37
  9. Fiscal year 2024: Current ratio 1.84
  10. Fiscal year 2025: Current ratio 2.19

Cash flow

Free cash flow rose in 5 years from 1.8B USD to 4.3B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 1.3B USD · Capital expenditure 127.4M USD · Free cash flow 1.2B USD
  2. Fiscal year 2017: Operating cash flow 1.1B USD · Capital expenditure 204.1M USD · Free cash flow 908.5M USD
  3. Fiscal year 2018: Operating cash flow 2.4B USD · Capital expenditure 254.9M USD · Free cash flow 2.2B USD
  4. Fiscal year 2019: Operating cash flow 2.3B USD · Capital expenditure 275.4M USD · Free cash flow 2.0B USD
  5. Fiscal year 2020: Operating cash flow 2.0B USD · Capital expenditure 165.7M USD · Free cash flow 1.8B USD
  6. Fiscal year 2021: Operating cash flow 2.7B USD · Capital expenditure 343.7M USD · Free cash flow 2.4B USD
  7. Fiscal year 2022: Operating cash flow 4.5B USD · Capital expenditure 699.3M USD · Free cash flow 3.8B USD
  8. Fiscal year 2023: Operating cash flow 4.8B USD · Capital expenditure 1.3B USD · Free cash flow 3.6B USD
  9. Fiscal year 2024: Operating cash flow 3.9B USD · Capital expenditure 730.5M USD · Free cash flow 3.1B USD
  10. Fiscal year 2025: Operating cash flow 4.8B USD · Capital expenditure 533.6M USD · Free cash flow 4.3B USD

Share count

The share count rose in 5 years by 33.5% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 312.3M
  2. Fiscal year 2017: Diluted share count 350.5M
  3. Fiscal year 2018: Diluted share count 374.9M
  4. Fiscal year 2019: Diluted share count 372.9M
  5. Fiscal year 2020: Diluted share count 372.0M
  6. Fiscal year 2021: Diluted share count 401.3M
  7. Fiscal year 2022: Diluted share count 523.2M
  8. Fiscal year 2023: Diluted share count 506.0M
  9. Fiscal year 2024: Diluted share count 498.7M
  10. Fiscal year 2025: Diluted share count 496.7M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
3.89 USD · Fiscal year 2025
Dividend growth per year
3 y +9.4%5 y +10.1%10 y +9.5%
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 85% of free cash flow 45%
To shareholders (5 years)
19.0B USD 58% through repurchases
Share count over 5 years
+33.5% more shares – dilution

Dividend per share

The dividend per share rose in 5 years from 2.40 USD to 3.89 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 1.66 USD
  2. Fiscal year 2017: Dividend per share 1.77 USD
  3. Fiscal year 2018: Dividend per share 1.89 USD
  4. Fiscal year 2019: Dividend per share 2.10 USD
  5. Fiscal year 2020: Dividend per share 2.40 USD
  6. Fiscal year 2021: Dividend per share 2.69 USD
  7. Fiscal year 2022: Dividend per share 2.97 USD
  8. Fiscal year 2023: Dividend per share 3.34 USD
  9. Fiscal year 2024: Dividend per share 3.62 USD
  10. Fiscal year 2025: Dividend per share 3.89 USD

Payout ratios

The payout ratio rose in 5 years from 73.2% to 85.3%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2016: Payout ratio (earnings) 60.1% · Payout ratio (free cash flow) 44.5%
  2. Fiscal year 2017: Payout ratio (earnings) 85.5% · Payout ratio (free cash flow) 66.3%
  3. Fiscal year 2018: Payout ratio (earnings) 47.6% · Payout ratio (free cash flow) 32.2%
  4. Fiscal year 2019: Payout ratio (earnings) 57.5% · Payout ratio (free cash flow) 39.3%
  5. Fiscal year 2020: Payout ratio (earnings) 73.2% · Payout ratio (free cash flow) 48.1%
  6. Fiscal year 2021: Payout ratio (earnings) 77.7% · Payout ratio (free cash flow) 46.4%
  7. Fiscal year 2022: Payout ratio (earnings) 56.6% · Payout ratio (free cash flow) 40.9%
  8. Fiscal year 2023: Payout ratio (earnings) 51.0% · Payout ratio (free cash flow) 47.2%
  9. Fiscal year 2024: Payout ratio (earnings) 110.4% · Payout ratio (free cash flow) 57.5%
  10. Fiscal year 2025: Payout ratio (earnings) 85.3% · Payout ratio (free cash flow) 45.0%

What goes back to shareholders

Over 5 years, 19.0B USD went back to shareholders, 58% of it through share repurchases. That is 111% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 513.2M USD · Share repurchases 370.1M USD · New shares issued (including employee plans) not available · Free cash flow 1.2B USD
  2. Fiscal year 2017: Dividends paid 602.1M USD · Share repurchases 46.5M USD · New shares issued (including employee plans) not available · Free cash flow 908.5M USD
  3. Fiscal year 2018: Dividends paid 703.3M USD · Share repurchases 226.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.2B USD
  4. Fiscal year 2019: Dividends paid 777.5M USD · Share repurchases 613.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.0B USD
  5. Fiscal year 2020: Dividends paid 886.2M USD · Share repurchases 244.5M USD · New shares issued (including employee plans) not available · Free cash flow 1.8B USD
  6. Fiscal year 2021: Dividends paid 1.1B USD · Share repurchases 2.6B USD · New shares issued (including employee plans) not available · Free cash flow 2.4B USD
  7. Fiscal year 2022: Dividends paid 1.5B USD · Share repurchases 2.6B USD · New shares issued (including employee plans) not available · Free cash flow 3.8B USD
  8. Fiscal year 2023: Dividends paid 1.7B USD · Share repurchases 3.0B USD · New shares issued (including employee plans) not available · Free cash flow 3.6B USD
  9. Fiscal year 2024: Dividends paid 1.8B USD · Share repurchases 615.6M USD · New shares issued (including employee plans) not available · Free cash flow 3.1B USD
  10. Fiscal year 2025: Dividends paid 1.9B USD · Share repurchases 2.2B USD · New shares issued (including employee plans) not available · Free cash flow 4.3B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Analog Devices next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison ADI, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
KLAC KLA Corporation 13.6B USD +14.4%61.3%–35.6%76.1%35.4%27.7%8/9
NOW ServiceNow 13.3B USD +24.1%77.5%13.7%13.2%13.5%49.8%34.5%6/9
WDC Western Digital 12.9B USD −5.3%48.9%34.5%72.9%106.3%63.9%27.2%7/9
STX Seagate Technology 12.2B USD +2.7%45.6%33.6%26.1%146.9%21.7%25.5%8/9
MSI Motorola Solutions 11.7B USD +9.5%51.7%25.6%18.4%89.4%12.4%22.0%6/9
PANW Palo Alto Networks 11.5B USD +22.0%70.4%6.1%2.7%1.1%56.7%35.8%4/9
ADI Analog Devices this stock 11.0B USD +14.5%61.5%26.6%20.6%6.7%70.5%38.8%8/9
ANET Arista Networks 9.0B USD +31.2%64.1%42.8%39.0%28.4%63.6%47.2%–
MRVL Marvell Technology 8.2B USD +22.5%51.0%16.1%32.6%18.7%64.2%17.0%7/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+14.5% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 14.5% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light yellow: below sector

+13.2% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +6.8% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 13.2% per year on average, but more slowly than the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

20.6% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 20.58 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 21.8%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.20 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.20 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light yellow: high

85% Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.85 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 30%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
11.0B USD
Revenue vs. prior year
+16.9%
Net income (FY)
2.3B USD
Net income vs. prior year
+38.7%
EPS (FY)
4.56 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
−67.9%
Fiscal year to Nov 1, 2025 · 10-K filed Nov 25, 2025 · Balance sheet Aug 1, 2026 (filed Aug 19, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Nov 1, 2025 11.0B2.3B 20.6% 4.56 3.89 85%
2024Nov 2, 2024 9.4B1.6B 17.3% 3.28 3.62 110%
2023Oct 28, 2023 12.3B3.3B 26.9% 6.55 3.34 51%
2022Oct 29, 2022 12.0B2.7B 22.9% 5.25 2.97 57%
2021Oct 30, 2021 7.3B1.4B 19.0% 3.46 2.69 78%
2020Oct 31, 2020 5.6B1.2B 21.8% 3.28 2.40 73%
2019Nov 2, 2019 6.0B1.4B 22.8% 3.65 2.10 58%
2018Nov 3, 2018 6.2B1.5B 24.1% 3.97 1.89 48%
2017Oct 28, 2017 5.1B727.3M 14.2% 2.07 1.77 86%
2016Oct 29, 2016 3.4B861.7M 25.2% 2.76 1.66 60%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Aug 1, 2026 4.0B1.3B 33.3% 2.74 1.10 40%
Q2/26May 2, 2026 3.6B1.2B 32.5% 2.40 1.10 46%
Q1/26Jan 31, 2026 3.2B830.8M 26.3% 1.69 0.99 59%
Q4/25*Nov 1, 2025 3.1B787.7M 25.6% – 0.99 –
Q3/25Aug 2, 2025 2.9B518.5M 18.0% 1.04 0.99 95%
Q2/25May 3, 2025 2.6B569.8M 21.6% 1.14 0.99 87%
Q1/25Feb 1, 2025 2.4B391.3M 16.1% 0.78 0.92 118%
Q4/24*Nov 2, 2024 2.4B478.1M 19.6% – 0.92 –
Q3/24Aug 3, 2024 2.3B392.2M 17.0% 0.79 0.92 116%
Q2/24May 4, 2024 2.2B302.2M 14.0% 0.61 0.92 151%
Q1/24Feb 3, 2024 2.5B462.7M 18.4% 0.93 0.86 92%
Q4/23*Oct 28, 2023 2.7B498.4M 18.3% – – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $21.6M6 people −$21.6M
6 months $00 people $68.3M7 people −$68.3M
12 months $00 people $105.2M8 people −$105.2M

Latest transactions

  • Oct 20, 2026 Puccio Richard C Jr Chief financial officer (CFO) Open-market sale · 10b5-1 plan 1,500 shares · $584.2K · SEC
  • Oct 8, 2026 Jain Vivek Officer Open-market sale 3,305 shares · $1.3M · SEC
  • Oct 7, 2026 Jain Vivek Officer Open-market sale 2,000 shares · $819.6K · SEC
  • Oct 7, 2026 Stata Ray Director Open-market sale · 10b5-1 plan 26 shares · $10.7K · SEC
  • Oct 7, 2026 Stata Ray Director Open-market sale · 10b5-1 plan 65 shares · $26.7K · SEC
  • Oct 7, 2026 Stata Ray Director Open-market sale · 10b5-1 plan 234 shares · $96.0K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +75

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)18.0
Rel. strength 60 d+8.4%

ATR and moving averages as price values only when logged in.

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