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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. ADI Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Analog Devices (ADI)

Market Price (9/18/2025): $246.71 | Market Cap: $122.0 Bil
Sector: Information Technology | Industry: Semiconductors

Analog Devices (ADI)

Market Price (9/18/2025): $246.71
Market Cap: $122.0 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%		 Trading close to highs
Dist 52W High is -3.3%, Dist 3Y High is -3.3%		 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35%, CFO LTM is 4.2 Bil, FCF LTM is 3.7 Bil		 Weak multi-year price returns
2Y Excs Rtn is -3.0%		 
2 Low stock price volatility
Vol 12M is 39%		  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35%, CFO LTM is 4.2 Bil, FCF LTM is 3.7 Bil
2 Low stock price volatility
Vol 12M is 39%
3 Trading close to highs
Dist 52W High is -3.3%, Dist 3Y High is -3.3%
4 Weak multi-year price returns
2Y Excs Rtn is -3.0%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6%

Market Valuation

 9/18/252024202320222021
Share Price CYE$246.71$209.75$192.76$156.26$164.33
Market Cap CYE ($ Bil)122.0104.195.880.079.4
Total Debt ($ Bil)8.77.67.06.66.8
Total Cash ($ Bil)3.52.41.01.52.0
Enterprise Value ($ Bil)127.2111.7102.886.686.2
Valuation Ratios     
P/S TTM11.711.28.17.19.6
P/EBIT TTM46.050.225.825.846.2
P/E TTM62.364.530.131.050.2
Sector Ratios     
P/S TTM (Sector)3.23.12.82.55.0
P/EBIT TTM (Sector)3.9-0.0-0.1-0.51.7
P/E TTM (Sector)-0.4-0.3-0.4-0.50.0
 9/18/2520242023
Share Price CYE$246.71$209.75$192.76
Market Cap CYE ($ Bil)122.0104.195.8
Total Debt ($ Bil)8.77.67.0
Total Cash ($ Bil)3.52.41.0
Enterprise Value ($ Bil)127.2111.7102.8
Valuation Ratios   
P/S TTM11.711.28.1
P/EBIT TTM46.050.225.8
P/E TTM62.364.530.1
Sector Ratios   
P/S TTM (Sector)3.23.12.8
P/EBIT TTM (Sector)3.9-0.0-0.1
P/E TTM (Sector)-0.4-0.3-0.4

Market Cap Chart

Business Description

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
ADI Return27%21%-5%23%9%17%129%
Peers Return53%58%-30%76%34%32%433%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: TXN, MU, KLAC, DIOD, NVDA. See ADI Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than Analog Devices (ADI)

 ADIBetter Performance than ADI
MetricValueIndustry (Semiconductors)
Rev Chg LTM7.1%NVDA (71.6%), AVGO (28.0%), AMD (27.2%), QCOM (15.8%), MU (58.2%)
Rev Chg 3Y Avg-0.6%NVDA (92.0%), AVGO (24.0%), AMD (11.7%), QCOM (1.4%), MU (10.6%)
Op Mgn LTM25.3%NVDA (58.1%), AVGO (39.0%), QCOM (27.8%), TXN (34.9%), NXPI (25.6%)
CFO/Rev LTM40.1%NVDA (46.6%), AVGO (42.4%), MU (45.0%), ALAB (41.1%), RMBS (45.4%)
FCF/Rev LTM35.4%NVDA (43.6%), AVGO (41.6%), RMBS (40.6%), NVEC (48.6%)
Total Yield3.2%QCOM (8.5%), MU (3.8%), TXN (6.1%), NXPI (5.7%), MPWR (4.7%)
 ADIBetter Performance than ADI
MetricValueAll Other Sectors
Rev Chg LTM7.1%GOOGL (13.1%), AMZN (10.9%), META (19.4%), JPM (8.2%), LLY (36.8%)
Rev Chg 3Y Avg-0.6%GOOGL (10.2%), AMZN (11.3%), META (13.0%), TSLA (12.9%), BRK-B (16.6%)
Op Mgn LTM25.3%GOOGL (32.7%), META (42.9%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM40.1%META (56.4%), V (60.4%), MA (53.3%), RY (135.4%), APP (53.7%)
FCF/Rev LTM35.4%V (56.8%), MA (49.2%), RY (131.7%), APP (53.7%), BKNG (36.9%)
Total Yield3.2%GOOGL (4.1%), META (3.7%), BRK-B (5.9%), JPM (6.5%), WMT (3.4%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Analog Devices Earnings Notes  
2ADI Up 5.8% In A Month. Do You Buy Or Wait?Return 
3Day 5 of Gains Streak for Analog Devices Stock with 11% Return (vs. 21% YTD) [8/26/2025]Notification 
4How Does ADI Stack Up Against Its Peers?Peer Comparison 
5Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From AMZN, META   
6Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From CRM, MU   
7Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From MU, FSLR   
8Why Analog Devices Stock Moved: ADI Stock Has Gained 56% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)  
9Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From FSLR, RMBS Actionable 
10ADI Dip Buy Analysis  
11ARTICLES  
12ADI Climbed 11% In A Week. How Confident Are You In The Stock? August 26th, 2025
13ADI Stock Up 11% after 5-Day Win Streak August 26th, 2025
14Large Cap Stocks Trading At 52-Week High August 25th, 2025
15Large Cap Stocks Trading At 52-Week High August 21st, 2025
16S&P 500 Movers | Winners: ADI, MCK, MDT | Losers: INTC, TGT, DELL August 21st, 2025
Title
0DASHBOARDS
1ADI Climbed 11% In A Week. How Confident Are You In The Stock?
2ADI Stock Up 11% after 5-Day Win Streak
3Large Cap Stocks Trading At 52-Week High
4Large Cap Stocks Trading At 52-Week High
5S&P 500 Movers | Winners: ADI, MCK, MDT | Losers: INTC, TGT, DELL
6ARTICLES
7Analog Devices Earnings Notes
8ADI Up 5.8% In A Month. Do You Buy Or Wait?
9Day 5 of Gains Streak for Analog Devices Stock with 11% Return (vs. 21% YTD) [8/26/2025]
10How Does ADI Stack Up Against Its Peers?
11Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From AMZN, META 
12Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From CRM, MU 
13Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From MU, FSLR 
14Why Analog Devices Stock Moved: ADI Stock Has Gained 56% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
15Better Bet Than ADI Stock: Pay Less Than Analog Devices To Get More From FSLR, RMBS 
16ADI Dip Buy Analysis

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1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
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6ATCHAtlasClear684.9%-83.1%
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9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Analog Devices

Financials

ADITXNMUKLACDIODNVDAMedian
NameAnalog D.Texas In.Micron T.KLA Diodes NVIDIA  
Mkt Price246.32180.30159.99989.8754.26170.29175.30
Mkt Cap121.8163.7178.9130.72.54,149.3147.2
Rev LTM10,38716,67533,81312,1561,388165,21814,416
Op Inc LTM2,6305,8187,5805,0144295,9815,416
FCF LTM3,6781,5031,8813,74216372,0232,780
FCF 3Y Avg3,4392,060-1,4123,36711343,0442,713
CFO LTM4,1626,43915,2004,08223477,0355,301
CFO 3Y Avg4,3106,7528,5463,68724545,8665,531

Growth & Margins

ADITXNMUKLACDIODNVDAMedian
NameAnalog D.Texas In.Micron T.KLA Diodes NVIDIA  
Rev Chg LTM7.1%3.6%58.2%23.9%2.9%71.6%15.5%
Rev Chg 3Y Avg-0.6%-4.9%10.6%10.4%-9.0%92.0%4.9%
Rev Chg Q24.6%16.4%36.6%23.6%14.5%55.6%24.1%
QoQ Delta Rev Chg LTM5.8%3.9%7.9%5.2%3.5%11.2%5.5%
Op Mgn LTM25.3%34.9%22.4%41.2%3.0%58.1%30.1%
Op Mgn 3Y Avg27.5%39.5%0.3%38.8%9.8%51.0%33.1%
QoQ Delta Op Mgn LTM1.8%0.6%2.8%1.1%-0.3%0.1%0.8%
CFO/Rev LTM40.1%38.6%45.0%33.6%16.9%46.6%39.3%
CFO/Rev 3Y Avg39.5%39.3%32.7%34.1%14.7%44.5%36.7%
FCF/Rev LTM35.4%9.0%5.6%30.8%11.8%43.6%21.3%
FCF/Rev 3Y Avg31.5%11.7%-9.0%31.1%6.7%41.3%21.4%

Valuation

ADITXNMUKLACDIODNVDAMedian
NameAnalog D.Texas In.Micron T.KLA Diodes NVIDIA  
Mkt Cap121.8163.7178.9130.72.54,149.3147.2
P/S11.79.85.310.81.825.110.3
P/EBIT45.926.522.326.430.241.128.3
P/E62.232.528.732.239.647.936.0
P/CFO29.325.411.832.010.753.927.3
Total Yield3.2%6.1%3.8%3.8%2.5%2.1%3.5%
Dividend Yield1.6%3.0%0.3%0.7%0.0%0.0%0.5%
FCF Yield 3Y Avg3.2%1.2%-2.1%3.6%3.5%1.5%2.3%
D/E0.10.10.10.00.00.00.1
Net D/E0.00.10.00.0-0.1-0.00.0

Returns

ADITXNMUKLACDIODNVDAMedian
NameAnalog D.Texas In.Micron T.KLA Diodes NVIDIA  
1M Rtn6.8%-7.2%29.5%12.1%2.9%-6.4%4.8%
3M Rtn7.7%-8.4%31.5%13.9%7.8%17.1%10.8%
6M Rtn18.3%0.8%57.1%38.2%15.2%44.9%28.2%
12M Rtn11.2%-7.8%81.2%35.1%-8.8%47.4%23.2%
3Y Rtn73.9%19.4%208.2%204.4%-17.5%1,191.8%139.2%
1M Excs Rtn4.5%-9.6%27.1%9.7%0.5%-8.8%2.5%
3M Excs Rtn-1.6%-18.5%22.7%0.8%-1.6%7.8%-0.4%
6M Excs Rtn1.2%-15.5%40.1%22.5%-1.0%30.0%11.9%
12M Excs Rtn-6.2%-24.4%58.9%15.7%-30.0%25.7%4.8%
3Y Excs Rtn6.3%-44.9%120.5%125.1%-84.6%1,014.8%63.4%

Comparison Analyses

Financials

$ Mil | FY: 11/22025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
Period End8/2/20255/3/20252/1/202511/2/20248/3/20245/4/20242/3/202410/28/20237/29/20234/29/20231/28/202310/29/2022
Filing Date8/20/20255/22/20252/19/202511/26/20248/21/20245/22/20242/21/202411/21/20238/23/20235/24/20232/15/202311/22/2022
Key Financials Quarterly            
Total Revenue2,8802,6402,4232,4432,3122,1592,5132,7163,0763,2633,2503,248
Ebitda1,3301,2011,0261,1201,0389301,1161,1791,5321,7331,7211,668
Operating Income8226805555725043926027489531,1521,1311,132
Net Income519570391478392302463498877978961936
EPS1.051.150.790.960.790.610.931.001.751.941.901.83
Key Financials TTM            
Total Revenue TTM10,3879,8199,3389,4279,70010,46511,56912,30612,83712,87012,57912,014
Ebitda TTM4,6784,3864,1154,2044,2644,7575,5606,1666,6556,6016,3735,597
Operating Income TTM2,6302,3112,0232,0702,2462,6963,4553,9844,3684,4464,2603,553
Net Income TTM1,9581,8311,5641,6351,6562,1402,8163,3153,7523,6243,4302,749
Growth Rates Quarterly            
Total Revenue Growth24.6%22.3%-3.6%-10.1%-24.8%-33.8%-22.7%-16.4%-1.1%9.8%21.1%38.8%
EBITDA Growth28.1%29.2%-8.0%-5.1%-32.2%-46.3%-35.2%-29.3%3.6%15.2%82.1%342.0%
Operating Income Growth63.3%73.3%-7.8%-23.5%-47.2%-65.9%-46.8%-33.9%-7.6%19.3%166.4%490.9%
Net Income Growth32.2%88.5%-15.4%-4.1%-55.3%-69.1%-51.9%-46.8%17.1%24.8%243.3%1137.0%
Margins Quarterly            
EBITDA Margin46.2%45.5%42.4%45.8%44.9%43.1%44.4%43.4%49.8%53.1%53.0%51.4%
Operating Income Margin28.6%25.7%22.9%23.4%21.8%18.2%24.0%27.6%31.0%35.3%34.8%34.9%
Net Income Margin18.0%21.6%16.1%19.6%17.0%14.0%18.4%18.3%28.5%30.0%29.6%28.8%
Cash & Debt            
Total Cash3,4692,3762,7212,3632,5462,3641,3049581,1491,1781,6701,471
Total Debt8,6897,1977,5677,6508,1028,0596,9907,0136,9826,7296,5436,602
Net Debt / (Cash)5,2194,8214,8455,2875,5575,6955,6876,0555,8335,5524,8735,132
Cash Flows Quarterly            
FCF from Operations1,1658191,1271,0518558081,1391,1871,1421,0821,4061,149
Cash Flows TTM            
FCF from Operations TTM4,1623,8523,8413,8533,9894,2764,5504,8184,7804,8855,0254,475
Returns to Shareholders Quarterly            
Dividends490491456457456456426428430435385390
Share Repurchases1,075249160951182221804706871,153655818
Return on Invested Capital (ROIC) Quarterly            
ROIC7.7%8.4%6.7%7.0%6.1%4.8%7.0%8.3%12.1%13.0%12.6%12.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM7.6%7.1%6.3%6.3%6.6%8.2%10.3%11.7%12.8%12.5%11.8%9.6%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment12,30612,0147,3185,6035,991
Total12,30612,0147,3185,6035,991


Price Behavior

ADI Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.780.651.111.591.581.45
Up Beta1.171.331.481.831.711.50
Down Beta1.561.602.201.831.701.43
Up Capture115%19%94%113%153%337%
Bmk +ve Days10223571142415
Stock +ve Days12213462123383
Down Capture-68%-34%20%107%122%106%
Bmk -ve Days11192754106334
Stock -ve Days9202863125367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity7,492,367
Short Interest: % Change Since 81520252.2%
Average Daily Volume4,590,719
Days-to-Cover Short Interest1.63
Basic Shares Quantity494,390,000
Short % of Basic Shares1.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/20/20256.3%10.9% 
5/22/2025-4.6%-2.9%4.4%
2/19/20259.7%6.8%-4.2%
11/26/2024-2.0%-0.9%-2.1%
8/21/20241.8%3.7%4.9%
5/22/202410.9%5.3%7.1%
2/21/20242.3%-0.2%3.1%
11/21/2023-1.4%-0.3%5.0%
...
SUMMARY STATS   
# Positive131112
# Negative101211
Median Positive5.0%3.7%5.0%
Median Negative-1.8%-2.1%-3.9%
Max Positive10.9%12.2%16.1%
Max Negative-7.8%-8.2%-30.3%

SEC Filings

Expand for More

Report DateFiling DateFiling
7312025820202510-Q 8/2/2025
4302025522202510-Q 5/3/2025
1312025219202510-Q 2/1/2025
103120241126202410-K 11/2/2024
7312024821202410-Q 8/3/2024
4302024522202410-Q 5/4/2024
1312024221202410-Q 2/3/2024
103120231121202310-K 10/28/2023
7312023823202310-Q 7/29/2023
4302023524202310-Q 4/29/2023
1312023215202310-Q 1/28/2023
103120221122202210-K 10/29/2022
7312022817202210-Q 7/30/2022
4302022518202210-Q 4/30/2022
1312022216202210-Q 1/29/2022
103120211203202110-K 10/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0ROCHE VINCENTChair & CEO8282025Sell253.709,8542,499,9158,539,644Form
1STATA RAY 8072025Sell220.1341290,69536,109,231Form
2STATA RAY 7182025Sell236.585613,24940,370,438Form
3STATA RAY 6132025Sell231.22898207,63840,706,206Form
4STATA RAY 5082025Sell195.581,795351,07435,479,188Form

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