Analog Devices
What matters nowUpdated 3 h ago
- Chief Operations and Technology Officer Vivek Jain sold about 5,300 ADI shares on October 7 and 8 at prices between $406.59 and $409.79, about $2.2 million in total, in open-market sales not made under a 10b5-1 plan 1.
- The pooled 24/7 venue price was $407.56 on October 13, up 0.50% from the previous close of $405.52; recent sharp moves were +5.21% on September 11, -3.86% on September 14 and +3.58% on September 18, the day after the 8-K and senior notes news 2 3.
- Fiscal Q3 2026 (ended August 1) revenue was $4.02 billion, up 40% year over year, with the company citing Data Center and Industrial as the main drivers; trailing revenue is $13.88 billion with a 65.8% gross margin, a 35.5% operating margin and trailing EPS of $8.42.
- At a $197.5 billion market cap the stock trades on 48.4 times trailing earnings and 14.2 times sales, with a 2.5% free cash flow yield; over the past 180 days insiders sold 170,458 shares worth $67.7 million and bought none, including CEO Vincent Roche's 10,000-share sale at $396.94 on October 1 under a 10b5-1 plan 4.
- Fiscal Q4 2026 earnings are estimated for November 24, 2026, against company guidance of $4.3 billion revenue (plus or minus $100 million), GAAP EPS of $3.14 and adjusted EPS of $3.86 (plus or minus $0.15), with the earnings date itself estimated for October 23.
- The $1.5 billion all-cash Empower Semiconductor acquisition is expected to close in the second half of 2026, and September CPI is released on October 14, while Polymarket odds put no change in Fed rates after the October 2026 meeting at 81.5%.
SEC Form 4 (signed Oct 9, 2026) · Oct 7
SEC EDGAR · Sep 17
SEC Prospectus Supplement 424B2 (Sept 15, 2026) · Sep 17
SEC Form 4 (signed Oct 5, 2026) · Oct 1
Analog Devices designs analog, mixed-signal and digital signal processing chips that convert, condition and power real-world signals. Its revenue comes mainly from Industrial and Automotive end markets, with Communications and Consumer as smaller pillars. Fiscal 2025 (ended November 1, 2025) revenue was $11.02 billion, up 17%. The fiscal third quarter of 2026 (ended August 1, 2026) brought revenue of $4.02 billion, up 40% year over year, with the company citing Data Center and Industrial as the main drivers.
How it makes money
ADI sells high-performance analog and mixed-signal semiconductors to manufacturers of factory automation, instruments, vehicles, communications equipment and consumer devices, mostly through distributors and direct sales. Its chips carry long design-in cycles, so a product that wins a socket can sell for years. Gross margin is high, 61.5% in fiscal 2025, because pricing rests on performance and the engineering content of each part. Growth now also comes from AI data center power delivery, where ADI sells power management chips and modules that move energy from the grid to processors.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-08-01 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Latest newsAll news →
Chief Operations and Technology Officer Vivek Jain sells about 5,300 ADI shares on Oct 7 and 8
Vivek Jain, Analog Devices' Chief Operations and Technology Officer, sold 2,000 shares on October 7 at $409.79 and 3,305 shares on October 8 at $406.59, in open-market sales not reported under a 10b5-1 plan.
CEO Vincent Roche sells 10,000 ADI shares at $396.94 under a 10b5-1 plan
Chair and CEO Vincent Roche exercised 10,000 options at $108.08 and sold 10,000 shares at $396.94 on October 1, 2026, under the 10b5-1 plan adopted December 3, 2025.
ADI prices $3.0 billion of senior notes in four tranches due 2029 to 2036
Analog Devices sold $3.0 billion of senior notes in four tranches: $500 million due 2029, $500 million due 2031, $1.0 billion due 2033 and $1.0 billion due 2036.
ADI agrees to buy Alif Semiconductor for $1.35 billion cash, closing expected in Q4 2026
Analog Devices agreed to acquire Alif Semiconductor, a maker of low-power AI microcontrollers and fusion processors, in a cash deal.
CEO Vincent Roche sells 10,000 ADI shares at $356.33 under a 10b5-1 plan
Chair and CEO Vincent Roche exercised 10,000 options at $108.08 and sold 10,000 shares at $356.33 on September 1, 2026, under the 10b5-1 plan adopted December 3, 2025.
ADI returned about $1.7 billion in Q3 through buybacks and a $1.10 quarterly dividend
In the fiscal third quarter Analog Devices repurchased $1.157 billion of its common stock and paid a $1.10 per share quarterly dividend.
Products & businesses
Industrial end market
Largest revenue pillar; fiscal Q3 2026 revenue $1.97 billion, up 53%.
Automotive end market
Fiscal Q3 2026 revenue $998 million, up 16%.
Communications infrastructure
Fiscal Q3 2026 revenue $655 million, up 84%.
Consumer end market
Fiscal Q3 2026 revenue $397 million, up 6%.
AI data center power
Shipping smart power stages and 48/54 V intermediate bus converters to AI data centers; company says data center demand is a main driver of growth.
Automotive electrification and driver assistance
Part of the Automotive end market; growing 16% year over year in fiscal Q3 2026.
Precision signal chain and power products
Core analog franchise underlying the Industrial and Consumer end markets; no separate revenue disclosed.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Industrial Factory automation, instrumentation, healthcare and aerospace and defense end markets. Largest end market at 45% of fiscal 2025 revenue; $1.97 billion in fiscal Q3 2026, up 53% year over year. | $4.93B | 45.0% | |
| Automotive Vehicle electrification, safety and driver-assistance, infotainment and powertrain chips. $3.28 billion in fiscal 2025, up 16%; $998 million in fiscal Q3 2026, up 16%. | $3.28B | 30.0% | |
| Consumer Consumer electronics and appliance end markets. $1.43 billion in fiscal 2025, up 19%; $397 million in fiscal Q3 2026, up 6%. | $1.43B | 13.0% | |
| Communications Wireline and wireless infrastructure, optical networking and data center equipment. $1.38 billion in fiscal 2025, up 26%; $655 million in fiscal Q3 2026, up 84%. | $1.38B | 13.0% |
Fiscal FY2025 · from the annual report
Valuation & fundamentals
TTM through 2026-08-01 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q3 FY2026 2026-08-01 | Q2 FY2026 2026-05-02 | Q1 FY2026 2026-01-31 | Q4 FY2025 2025-11-01 | Q3 FY2025 2025-08-02 | Q2 FY2025 2025-05-03 | Q1 FY2025 2025-02-01 | Q4 FY2024 2024-11-02 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.88B | $4.02B +40% | $3.62B +37% | $3.16B +30% | $3.08Bd +26% | $2.88B +25% | $2.64B +22% | $2.42B -4% | $2.44Bd -10% |
| Gross profit | $9.13B | $2.71B +51% | $2.44B +51% | $2.04B +43% | $1.94Bd +37% | $1.79B +36% | $1.61B +37% | $1.43B -3% | $1.42Bd -14% |
| Operating income | $4.93B | $1.61B +97% | $1.38B +104% | $997.0M +103% | $945.2Md +66% | $818.0M +66% | $677.9M +76% | $491.3M -16% | $569.4Md -10% |
| Net income | $4.14B | $1.34B +158% | $1.18B +106% | $830.8M +112% | $787.7Md +65% | $518.5M +32% | $569.8M +89% | $391.3M -15% | $478.1Md -4% |
| EPS (diluted) | $8.42 | $2.74 +163% | $2.40 +111% | $1.69 +117% | $1.59d +66% | $1.04 +32% | $1.14 +87% | $0.78 -16% | $0.96d -4% |
| Operating cash flow | $5.55B | $1.60Bd +38% | $872.0Md +6% | $1.37B +21% | $1.70Bd +62% | $1.17Bd +36% | $819.5Md +1% | $1.13B -1% | $1.05Bd -11% |
| Capital expenditure | $607.8M | $145.7Md +84% | $137.7Md +53% | $109.3M -27% | $215.2Md +30% | $79.2Md -49% | $90.3Md -52% | $149.0M -33% | $165.4Md -65% |
| Share buybacks | $3.13B | $1.16Bd +8% | $772.9Md +211% | $516.5M +222% | $680.5Md +617% | $1.08Bd +811% | $248.6Md +12% | $160.4M -11% | $94.9Md -80% |
| Cash & equivalents | $2.17B | $2.17B | $2.44B | $2.91B | $2.50B | $2.32B | $2.38B | $2.35B | $1.99B |
| Total debt | $9.12B | $9.12Bd | $8.68Bd | $8.68Bd | $9.04Bd | $8.69Bd | $7.20Bd | $7.57Bd | $8.53Bd |
| Shares outstanding | 484.6M | 484.6M | 487.1M | 488.2M | 489.7M | 492.0M | 496.2M | 496.0M | 496.3M |
| Metric | FY2025 2025-11-01 | FY2024 2024-11-02 | FY2023 2023-10-28 | FY2022 2022-10-29 |
|---|---|---|---|---|
| Revenue | $11.02B +17% | $9.43B -23% | $12.31B +2% | $12.01B |
| Cost of revenue | $4.25B +5% | $4.05B -9% | $4.43B -1% | $4.48B |
| Gross profit | $6.77B +26% | $5.38B -32% | $7.88B +5% | $7.53B |
| Research & development | $1.77B +19% | $1.49B -10% | $1.66B -2% | $1.70B |
| Operating income | $2.93B +44% | $2.03B -47% | $3.82B +17% | $3.28B |
| EBIT | $2.93B +44% | $2.03B -47% | $3.82B +17% | $3.28B |
| Depreciation & amortization | $406.8M +12% | $362.8M +8% | $334.7M +18% | $283.3M |
| Interest expense | $317.7M -1% | $322.2M +22% | $264.6M +32% | $200.4M |
| Income tax | $444.8M +213% | $142.1M -52% | $293.4M -16% | $350.2M |
| Net income | $2.27B +39% | $1.64B -51% | $3.31B +21% | $2.75B |
| EPS (diluted) | $4.56 +39% | $3.28 -50% | $6.55 +25% | $5.25 |
| Dividends per share | $3.89 +7% | $3.62 +8% | $3.34 +12% | $2.97 |
| Diluted shares (weighted) | 496.7M | 498.7M | 506.0M | 523.2M |
| Operating cash flow | $4.81B +25% | $3.85B -20% | $4.82B +8% | $4.48B |
| Capital expenditure | $533.6M -27% | $730.5M -42% | $1.26B +80% | $699.3M |
| Share buybacks | $2.16B +252% | $615.6M -79% | $2.96B +15% | $2.58B |
| Dividends paid | $1.92B +7% | $1.80B +7% | $1.68B +9% | $1.54B |
| Cash & equivalents | $2.50B | $1.99B | $958.1M | $1.47B |
| Long-term debt (incl. current portion) | $8.15B | $6.63B | $5.90B | $6.58B |
| Total debt | $9.04Bd | $8.53Bd | $6.95Bd | $6.58Bd |
| Total assets | $47.99B | $48.23B | $48.79B | $50.30B |
| Total liabilities | $14.18Bd | $13.05Bd | $13.23Bd | $13.84Bd |
| Shareholders' equity | $33.82B | $35.18B | $35.57B | $36.47B |
| Shares outstanding | 489.7M | 496.3M | 496.3M | 509.3M |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Chief Operations and Technology Officer Vivek Jain sells about 5,300 ADI shares on Oct 7 and 8
Vivek Jain, Analog Devices' Chief Operations and Technology Officer, sold 2,000 shares on October 7 at $409.79 and 3,305 shares on October 8 at $406.59, in open-market sales not reported under a 10b5-1 plan.
CEO Vincent Roche sells 10,000 ADI shares at $396.94 under a 10b5-1 plan
Chair and CEO Vincent Roche exercised 10,000 options at $108.08 and sold 10,000 shares at $396.94 on October 1, 2026, under the 10b5-1 plan adopted December 3, 2025.
ADI prices $3.0 billion of senior notes in four tranches due 2029 to 2036
Analog Devices sold $3.0 billion of senior notes in four tranches: $500 million due 2029, $500 million due 2031, $1.0 billion due 2033 and $1.0 billion due 2036.
ADI agrees to buy Alif Semiconductor for $1.35 billion cash, closing expected in Q4 2026
Analog Devices agreed to acquire Alif Semiconductor, a maker of low-power AI microcontrollers and fusion processors, in a cash deal.
CEO Vincent Roche sells 10,000 ADI shares at $356.33 under a 10b5-1 plan
Chair and CEO Vincent Roche exercised 10,000 options at $108.08 and sold 10,000 shares at $356.33 on September 1, 2026, under the 10b5-1 plan adopted December 3, 2025.
ADI returned about $1.7 billion in Q3 through buybacks and a $1.10 quarterly dividend
In the fiscal third quarter Analog Devices repurchased $1.157 billion of its common stock and paid a $1.10 per share quarterly dividend.
Analog Devices reports fiscal Q3 2026 results: revenue $4.02B, up 40% from a year earlier
Analog Devices filed a Form 8-K with the SEC on Aug 19, 2026, 7:03 AM ET, reporting an event dated Aug 19, 2026.
CEO Vincent Roche sells 10,000 ADI shares at $363.00 under a 10b5-1 plan
Chair and CEO Vincent Roche exercised 10,000 options at $108.08 and sold 10,000 shares at $363.00 on August 3, 2026.
Analog Devices buyback capacity falls to $7.4 billion at quarter-end
Analog Devices' remaining share repurchase capacity fell to $7.4 billion at the end of fiscal Q3 2026, from $8.5 billion at May 2 and $9.1 billion at January 31.
ADI discloses June unauthorized system access with files taken, plus a separate July cyber report
Analog Devices disclosed in an 8-K signed July 29, 2026 that it found unauthorized access to some company systems on June 23 and that certain files were taken.
Korea Fair Trade Commission sends ADI examination report over distributor margins and resale prices
South Korea's Fair Trade Commission sent Analog Devices an examination report on July 8, 2026, starting formal deliberation.
ADI completes $1.5 billion all-cash acquisition of Empower Semiconductor
Analog Devices closed its purchase of Empower Semiconductor, a maker of integrated voltage regulators and silicon capacitors for AI data center power.
ADI signs a $3.0 billion 364-day revolving credit facility maturing July 1, 2027
Analog Devices entered into a credit agreement for up to $3.0 billion of revolving credit, with Bank of America as administrative agent.
CEO Vincent Roche sells 10,000 ADI shares at $389.75 under a 10b5-1 plan
Chair and CEO Vincent Roche exercised 10,000 options at $108.08 and sold the same number of shares at $389.75 on July 1, 2026.
Analog Devices targets NVIDIA MGX 800 VDC AI factory power
Analog Devices announced that it is developing high-voltage hot-swap and DC-DC power solutions for NVIDIA's 800 VDC MGX AI factory systems.
Analog Devices returns $1.31 billion to shareholders in fiscal Q2 2026
Analog Devices repurchased $773 million of stock and paid $536 million in dividends in fiscal Q2 2026, a total cash return of $1.31 billion.
Analog Devices reports fiscal Q2 2026 results: revenue $3.62B, up 37% from a year earlier
Analog Devices filed a Form 8-K with the SEC on May 20, 2026, 7:01 AM ET, reporting an event dated May 20, 2026.
Analog Devices to buy Empower Semiconductor for $1.5 billion in cash
Analog Devices agreed to acquire Empower Semiconductor for $1.5 billion in cash.
Analog Devices raises quarterly dividend 11% to $1.10 per share
Analog Devices raised its quarterly dividend 11% to $1.10 per share, its twenty-second straight annual increase.
Analog Devices reports fiscal Q1 2026 results: revenue $3.16B, up 30% from a year earlier
Analog Devices filed a Form 8-K with the SEC on Feb 18, 2026, 7:02 AM ET, reporting an event dated Feb 17, 2026.
Yoky Matsuoka joins Analog Devices board as independent director
Analog Devices named Dr.
Analog Devices reports fiscal Q4 2025 results: revenue $3.08B, up 26% from a year earlier
Analog Devices filed a Form 8-K with the SEC on Nov 25, 2025, 7:03 AM ET, reporting an event dated Nov 25, 2025.
SEC filings
| Oct 9, 26 | 4 | Form 4: Jain Vivek (Chief Operations/Tech Officer) — open-market sale 5,305 sh | sec.gov ↗ |
| Oct 8, 26 | 4 | Form 4: STATA RAY (Director) — open-market sale 2,832 sh | sec.gov ↗ |
| Oct 8, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 7, 26 | 4 | Form 4: Puccio Richard C Jr (Chief Financial Officer) — open-market sale 1,500 sh | sec.gov ↗ |
| Oct 7, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 6, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Jain Vivek (Chief Operations/Tech Officer) — open-market sale 2,000 sh | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: Nakamura Katsufumi (Chief Customer Officer) — open-market sale 1,200 sh | sec.gov ↗ |
| Oct 5, 26 | 4 | Form 4: ROCHE VINCENT (Chair & CEO, Director) — option exercise 10,000 sh, open-market sale 10,000 sh | sec.gov ↗ |
| Oct 2, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 2, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Oct 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 23, 26 | 4 | Form 4: Puccio Richard C Jr (Chief Financial Officer) — open-market sale 1,500 sh | sec.gov ↗ |
| Sep 22, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 21, 26 | 4 | Form 4: ROCHE VINCENT (Chair & CEO, Director) — gift 19,200 sh | sec.gov ↗ |
| Sep 17, 26 | 8-K | 8-K: Material Agreement (Item 1.01) | sec.gov ↗ |
| Sep 16, 26 | 424B2 | 424B2: Prospectus supplement | sec.gov ↗ |
| Sep 15, 26 | FWP | FWP: Free writing prospectus | sec.gov ↗ |
| Sep 15, 26 | 424B2 | 424B2: Prospectus supplement | sec.gov ↗ |
| Sep 10, 26 | 4 | Form 4: STATA RAY (Director) — open-market sale 2,832 sh | sec.gov ↗ |
| Sep 9, 26 | 4 | Form 4: Puccio Richard C Jr (EVP and CFO) — open-market sale 1,500 sh | sec.gov ↗ |
| Sep 9, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 9, 26 | 8-K | 8-K: Regulation FD Disclosure (Item 7.01) | sec.gov ↗ |
| Sep 8, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 2, 26 | 4 | Form 4: ROCHE VINCENT (Chair & CEO, Director) — option exercise 10,000 sh, open-market sale 10,000 sh | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-08 | Jain Vivek Chief Operations/Tech Officer | Sale | 3.3K | $406.58 | $1.3M |
| 2026-10-07 | Jain Vivek Chief Operations/Tech Officer | Sale | 2.0K | $409.79 | $819.6K |
| 2026-10-07 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $407.38 | $576.9K |
| 2026-10-06 | Puccio Richard C Jr Chief Financial Officer | Sale 10b5-1 plan | 1.5K | $421.08 | $631.6K |
| 2026-10-06 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $420.04 | $594.8K |
| 2026-10-02 | Nakamura Katsufumi Chief Customer Officer | Sale | 1.2K | $415.02 | $498.0K |
| 2026-10-02 | Jain Vivek Chief Operations/Tech Officer | Sale | 2.0K | $416.98 | $834.0K |
| 2026-10-01 | ROCHE VINCENT Chair & CEO, Director | Sale 10b5-1 plan | 10.0K | $396.94 | $4.0M |
| 2026-09-22 | Puccio Richard C Jr Chief Financial Officer | Sale 10b5-1 plan | 1.5K | $382.19 | $573.3K |
| 2026-09-09 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $363.79 | $515.1K |
| 2026-09-08 | Puccio Richard C Jr EVP and CFO | Sale 10b5-1 plan | 1.5K | $363.65 | $545.5K |
| 2026-09-08 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $362.85 | $513.8K |
| 2026-09-01 | ROCHE VINCENT Chair & CEO, Director | Sale 10b5-1 plan | 10.0K | $356.33 | $3.6M |
| 2026-08-27 | Golz Karen Director | Sale 10b5-1 plan | 1.0K | $374.50 | $374.5K |
| 2026-08-26 | Puccio Richard C Jr EVP and CFO | Sale 10b5-1 plan | 2.7K | $374.56 | $1.0M |
| 2026-08-05 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $378.56 | $536.0K |
| 2026-08-04 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $377.37 | $534.4K |
| 2026-08-03 | ROCHE VINCENT Chair & CEO, Director | Sale 10b5-1 plan | 10.0K | $363.00 | $3.6M |
| 2026-07-13 | Golz Karen Director | Sale 10b5-1 plan | 1.0K | $389.83 | $389.8K |
| 2026-07-08 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $384.72 | $544.8K |
| 2026-07-07 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $377.01 | $533.9K |
| 2026-07-01 | ROCHE VINCENT Chair & CEO, Director | Sale 10b5-1 plan | 10.0K | $389.75 | $3.9M |
| 2026-06-12 | Golz Karen Director | Sale 10b5-1 plan | 1.0K | $411.95 | $411.9K |
| 2026-06-10 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $398.11 | $563.7K |
| 2026-06-09 | STATA RAY Director | Sale 10b5-1 plan | 1.4K | $400.83 | $574.0K |