PerpEquities

Equity · Technology

Analog Devices, Inc. (ADI) perpetual futures

ADI perpetual futures on 7 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ADIUSDT.

Analog Devices designs and sells analog, mixed-signal, and digital signal processing ICs, power management, amplifiers, RF, MEMS, and DSP products for industrial, automotive, and communications sectors.

$361.82-0.8%NASDAQ open
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TradingView symbol NASDAQ:ADI

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Trading data

Perpetual market activity

7/7 live markets
Venues
7
Live markets
7/7
24h volume
$1.7M
Open interest
$192.1KCoverage: 6/7 markets
Best liquidity
$389.3K
Bitget
Tightest spread
+13.6 bps
Extended
Highest volume
$1.2M
BingX
Settlement mix
USDT · 6/7
Perp/spot vol.
0.00x
Spot volume $827.4M
OI / float
0.00%
Float $175.6B
Spot performance
1D+0.51%
5D+1.45%
1M-4.91%
6M+14.51%
YTD+34.61%
1Y+47.68%

Venue matrix

7 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeADIUS-USDTTrading$361.92+5.5% APR
+0.00500% every 8h
+23.2 bps$8.3K$1.2M-USDT-
HTXTradeADI/USDTTrading$360.20+11.0% APR
+0.010% every 8h
+196.9 bps$19.2K$316.4K$5.1KUSDT-
BybitTradeADI/USDTTrading$362.030.0% APR
0.000% every 8h
+16.3 bps$5.9K$124.2K$38.3KUSDT25x
ExtendedTradeADI/USDTrading$361.64+4.4% APR
+0.00050% every 1h
+13.6 bps$200K$32K$44.4KUSD10x
BloFinTradeADI/USDTTrading$362.00+1.5% APR
+0.00136% every 8h
+18.0 bps$4.4K$15.7K$0USDT25x
BitgetTradeADI/USDTTrading$361.820.0% APR
0.000% every 8h
+31.8 bps$389.3K$11.5K$77.4KUSDT20x
Gate.ioTradeADI/USDTTrading$361.900.0% APR
0.000% every 8h
+88.4 bps$13.5K$3.8K$27KUSDT20x

Tradability

Execution quality

Thin liquidity · 3 of 7 venues absorb $10k · Typical cost: +17.7 bps – +78.3 bps

Cheapest execution: Extended · +11.8 bps

Too thin: BingX, Bybit, BloFin

No fresh book data: HTX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

ADI

Tightest spread

ADI

Highest volume

ADI

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$176.3B
Updated 1h ago
Revenue
$13.9B
Trailing 12 months
Revenue growth
+37%
Next fiscal year
Profit margin
+29.8%
P/E
42.7
Peer P/E 30.9
Free cash flow
$4.9B
Trailing 12 months
More metrics
Net income
$4.1B
Trailing 12 months
P/S
12.7
Peer P/E
30.9
Similar listed perps
Revenue estimate
$15.1B
Next fiscal year
Earnings
2026-11-24
Revenue est. $4.3B · Updated 1h ago
Dividend
$1.1
2026-09-01

Fundamental detail

Annual + quarterly
Latest revenue$11B
Net margin+20.6%
Free cash flow$4.3B
Net debt$6.2B
2020$5.6B
2021$7.3B
2022$12B
2023$12.3B
2024$9.4B
2025$11B
PeriodRevenueGrowthNet incomeFCF
2020$5.6B-6%$1.2B$1.8B
2021$7.3B+31%$1.4B$2.4B
2022$12B+64%$2.7B$3.8B
2023$12.3B+2%$3.3B$3.6B
2024$9.4B-23%$1.6B$3.1B
2025$11B+17%$2.3B$4.3B
PeriodGross marginOperating marginNet marginROEROA
2020+65.9%+26.7%+21.8%+10.2%+5.7%
2021+66.4%+23.1%+19.0%+3.7%+2.7%
2022+65.0%+27.3%+22.9%+7.5%+5.5%
2023+64.0%+31.1%+26.9%+9.3%+6.8%
2024+57.1%+21.6%+17.3%+4.6%+3.4%
2025+61.5%+26.6%+20.6%+6.7%+4.7%
PeriodCashDebtNet debtCurrent ratio
2020$1.1B$5.2B$4.1B1.84
2021$2B$6.8B$4.8B1.94
2022$1.5B$6.6B$5.1B2.02
2023$958.1M$7B$6.1B1.37
2024$2B$7.6B$5.7B1.84
2025$2.5B$8.7B$6.2B2.19
PeriodMarket capEnterprise valueP/SP/E
2020$43.7B$47.8B7.835.8
2021$69B$73.8B9.449.6
2022$75.2B$80.4B6.327.4
2023$80.6B$86.7B6.624.3
2024$111.9B$117.5B11.968.3
2025$115.7B$121.9B10.551.0
Q4 2024$2.4B
Q1 2025$2.4B
Q2 2025$2.6B
Q3 2025$2.9B
Q4 2025$3.1B
Q1 2026$3.2B
Q2 2026$3.6B
Q3 2026$4B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$2.4B-10%$478.1M$885.4M
Q1 2025$2.4B-4%$391.3M$977.8M
Q2 2025$2.6B+22%$569.8M$729.2M
Q3 2025$2.9B+25%$518.5M$1.1B
Q4 2025$3.1B+26%$787.7M$1.5B
Q1 2026$3.2B+30%$830.8M$1.3B
Q2 2026$3.6B+37%$1.2B$734.3M
Q3 2026$4B+40%$1.3B$1.5B
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+58.0%+23.3%+19.6%+1.4%+1.0%
Q1 2025+59.0%+20.3%+16.1%+1.1%+0.8%
Q2 2025+61.0%+25.7%+21.6%+1.6%+1.2%
Q3 2025+62.1%+28.4%+18.0%+1.5%+1.1%
Q4 2025+63.1%+30.7%+25.6%+2.3%+1.6%
Q1 2026+64.7%+31.5%+26.3%+2.5%+1.7%
Q2 2026+67.3%+38.1%+32.5%+3.5%+2.5%
Q3 2026+67.3%+40.1%+33.3%+4.0%+2.8%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$2B$7.6B$5.7B1.84
Q1 2025$2.3B$7.6B$5.2B1.93
Q2 2025$2.4B$7.2B$4.8B2.08
Q3 2025$2.3B$8.7B$6.4B2.32
Q4 2025$2.5B$8.7B$6.2B2.19
Q1 2026$2.9B$8.7B$5.8B1.76
Q2 2026$2.4B$8.7B$6.2B1.75
Q3 2026$2.2B$9.1B$7B1.25
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$111.9B$117.5B45.858.7
Q1 2025$105.1B$110.3B43.467.1
Q2 2025$98.5B$103.4B37.343.2
Q3 2025$109.6B$116B38.152.8
Q4 2025$114.9B$121.1B37.436.6
Q1 2026$152B$157.8B48.145.7
Q2 2026$193.9B$200.2B53.541.3
Q3 2026$179.1B$186.1B44.533.3
Historical value series
Revenue
Q4 2023: $2.7BQ1 2024: $2.5BQ2 2024: $2.2BQ3 2024: $2.3BQ4 2024: $2.4BQ1 2025: $2.4BQ2 2025: $2.6BQ3 2025: $2.9BQ4 2025: $3.1BQ1 2026: $3.2BQ2 2026: $3.6BQ3 2026: $4BQ4 2023Q3 2026
Net income
Q4 2023: $498.4MQ1 2024: $462.7MQ2 2024: $302.2MQ3 2024: $392.2MQ4 2024: $478.1MQ1 2025: $391.3MQ2 2025: $569.8MQ3 2025: $518.5MQ4 2025: $787.7MQ1 2026: $830.8MQ2 2026: $1.2BQ3 2026: $1.3BQ4 2023Q3 2026
EBITDA
Q4 2023: $1.2BQ1 2024: $1.1BQ2 2024: $930MQ3 2024: $1BQ4 2024: $1.1BQ1 2025: $1BQ2 2025: $1.2BQ3 2025: $1.3BQ4 2025: $1.5BQ1 2026: $1.5BQ2 2026: $1.9BQ3 2026: $1.6BQ4 2023Q3 2026
Free cash flow
Q4 2023: $710.9MQ1 2024: $915.9MQ2 2024: $619.7MQ3 2024: $701.1MQ4 2024: $885.4MQ1 2025: $977.8MQ2 2025: $729.2MQ3 2025: $1.1BQ4 2025: $1.5BQ1 2026: $1.3BQ2 2026: $734.3MQ3 2026: $1.5BQ4 2023Q3 2026
EPS
Q4 2023: $0.99Q1 2024: $0.93Q2 2024: $0.61Q3 2024: $0.79Q4 2024: $0.96Q1 2025: $0.78Q2 2025: $1.14Q3 2025: $1.04Q4 2025: $1.6Q1 2026: $1.69Q2 2026: $2.4Q3 2026: $2.74Q4 2023Q3 2026
Cash / Debt
Q4 2023 · Cash: $958.1MQ4 2023 · Debt: $7BQ1 2024 · Cash: $1.3BQ1 2024 · Debt: $7BQ2 2024 · Cash: $1.9BQ2 2024 · Debt: $8.1BQ3 2024 · Cash: $2.1BQ3 2024 · Debt: $8.1BQ4 2024 · Cash: $2BQ4 2024 · Debt: $7.6BQ1 2025 · Cash: $2.3BQ1 2025 · Debt: $7.6BQ2 2025 · Cash: $2.4BQ2 2025 · Debt: $7.2BQ3 2025 · Cash: $2.3BQ3 2025 · Debt: $8.7BQ4 2025 · Cash: $2.5BQ4 2025 · Debt: $8.7BQ1 2026 · Cash: $2.9BQ1 2026 · Debt: $8.7BQ2 2026 · Cash: $2.4BQ2 2026 · Debt: $8.7BQ3 2026 · Cash: $2.2BQ3 2026 · Debt: $9.1BQ4 2023Q3 2026
CashDebt
Profitability
Q4 2023 · Gross margin: +60.6%Q1 2024 · Gross margin: +58.7%Q2 2024 · Gross margin: +54.7%Q3 2024 · Gross margin: +56.7%Q4 2024 · Gross margin: +58.0%Q1 2025 · Gross margin: +59.0%Q2 2025 · Gross margin: +61.0%Q3 2025 · Gross margin: +62.1%Q4 2025 · Gross margin: +63.1%Q1 2026 · Gross margin: +64.7%Q2 2026 · Gross margin: +67.3%Q3 2026 · Gross margin: +67.3%Q4 2023 · Operating margin: +23.4%Q1 2024 · Operating margin: +23.3%Q2 2024 · Operating margin: +17.9%Q3 2024 · Operating margin: +21.2%Q4 2024 · Operating margin: +23.3%Q1 2025 · Operating margin: +20.3%Q2 2025 · Operating margin: +25.7%Q3 2025 · Operating margin: +28.4%Q4 2025 · Operating margin: +30.7%Q1 2026 · Operating margin: +31.5%Q2 2026 · Operating margin: +38.1%Q3 2026 · Operating margin: +40.1%Q4 2023 · Net margin: +18.3%Q1 2024 · Net margin: +18.4%Q2 2024 · Net margin: +14.0%Q3 2024 · Net margin: +17.0%Q4 2024 · Net margin: +19.6%Q1 2025 · Net margin: +16.1%Q2 2025 · Net margin: +21.6%Q3 2025 · Net margin: +18.0%Q4 2025 · Net margin: +25.6%Q1 2026 · Net margin: +26.3%Q2 2026 · Net margin: +32.5%Q3 2026 · Net margin: +33.3%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth
Q3 2024: -24.8%Q4 2024: -10.1%Q1 2025: -3.6%Q2 2025: +22.3%Q3 2025: +24.6%Q4 2025: +25.9%Q1 2026: +30.4%Q2 2026: +37.2%Q3 2026: +39.6%Q4 2023Q3 2026
Shares outstanding
Q4 2023: 506MQ1 2024: 498.7MQ2 2024: 498.5MQ3 2024: 498.8MQ4 2024: 498.7MQ1 2025: 498.7MQ2 2025: 498.2MQ3 2025: 496.7MQ4 2025: 493.2MQ1 2026: 491.7MQ2 2026: 490.5MQ3 2026: 490.3MQ4 2023Q3 2026
Valuation
Q4 2023 · P/E: 40.5Q1 2024 · P/E: 51.6Q2 2024 · P/E: 81.8Q3 2024 · P/E: 65.8Q4 2024 · P/E: 58.7Q1 2025 · P/E: 67.1Q2 2025 · P/E: 43.2Q3 2025 · P/E: 52.8Q4 2025 · P/E: 36.6Q1 2026 · P/E: 45.7Q2 2026 · P/E: 41.3Q3 2026 · P/E: 33.3Q4 2023 · P/S: 29.4Q1 2024 · P/S: 37.9Q2 2024 · P/S: 45.9Q3 2024 · P/S: 44.6Q4 2024 · P/S: 45.8Q1 2025 · P/S: 43.4Q2 2025 · P/S: 37.3Q3 2025 · P/S: 38.1Q4 2025 · P/S: 37.4Q1 2026 · P/S: 48.1Q2 2026 · P/S: 53.5Q3 2026 · P/S: 44.5Q4 2023Q3 2026
P/EP/S
Revenue
2018: $6.2B2019: $6B2020: $5.6B2021: $7.3B2022: $12B2023: $12.3B2024: $9.4B2025: $11B20182025
Net income
2018: $1.5B2019: $1.4B2020: $1.2B2021: $1.4B2022: $2.7B2023: $3.3B2024: $1.6B2025: $2.3B20182025
EBITDA
2018: $2.7B2019: $2.5B2020: $2.3B2021: $2.6B2022: $5.6B2023: $6.2B2024: $4.2B2025: $5B20182025
Free cash flow
2018: $2.2B2019: $2B2020: $1.8B2021: $2.4B2022: $3.8B2023: $3.6B2024: $3.1B2025: $4.3B20182025
EPS
2018: $3.992019: $3.662020: $3.282021: $3.462022: $5.252023: $6.552024: $3.282025: $4.5620182025
Cash / Debt
2018 · Cash: $816.6M2018 · Debt: $6.3B2019 · Cash: $648.3M2019 · Debt: $5.5B2020 · Cash: $1.1B2020 · Debt: $5.2B2021 · Cash: $2B2021 · Debt: $6.8B2022 · Cash: $1.5B2022 · Debt: $6.6B2023 · Cash: $958.1M2023 · Debt: $7B2024 · Cash: $2B2024 · Debt: $7.6B2025 · Cash: $2.5B2025 · Debt: $8.7B20182025
CashDebt
Profitability
2018 · Gross margin: +68.3%2019 · Gross margin: +67.0%2020 · Gross margin: +65.9%2021 · Gross margin: +66.4%2022 · Gross margin: +65.0%2023 · Gross margin: +64.0%2024 · Gross margin: +57.1%2025 · Gross margin: +61.5%2018 · Operating margin: +30.5%2019 · Operating margin: +28.6%2020 · Operating margin: +26.7%2021 · Operating margin: +23.1%2022 · Operating margin: +27.3%2023 · Operating margin: +31.1%2024 · Operating margin: +21.6%2025 · Operating margin: +26.6%2018 · Net margin: +24.2%2019 · Net margin: +22.8%2020 · Net margin: +21.8%2021 · Net margin: +19.0%2022 · Net margin: +22.9%2023 · Net margin: +26.9%2024 · Net margin: +17.3%2025 · Net margin: +20.6%20182025
Gross marginOperating marginNet margin
Revenue growth
2019: -3.8%2020: -6.5%2021: +30.6%2022: +64.2%2023: +2.4%2024: -23.4%2025: +16.9%20182025
Shares outstanding
2018: 374.9M2019: 372.9M2020: 372M2021: 401.3M2022: 523.2M2023: 506M2024: 498.7M2025: 496.7M20182025
Valuation
2018 · P/E: 21.62019 · P/E: 29.62020 · P/E: 35.82021 · P/E: 49.62022 · P/E: 27.42023 · P/E: 24.32024 · P/E: 68.32025 · P/E: 51.02018 · P/S: 5.22019 · P/S: 6.72020 · P/S: 7.82021 · P/S: 9.42022 · P/S: 6.32023 · P/S: 6.62024 · P/S: 11.92025 · P/S: 10.520182025
P/EP/S

Refreshed 1h ago

Next catalyst

Catalysts

Earnings
2026-11-24
Revenue est. $4.3B · Updated 1h ago
Dividend
$1.1
2026-09-01

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202612.87$15.1B+37%19
FY 202716.66$18.4B+67%20
FY 202819.66$20.6B+87%9
FY 202920.49$21.9B+98%3
FY 203023.90$25.1B+128%3
Q1 20284.46$4.8B+53%8

Company events

6
2026-11-24EarningsActual - / Estimate 3.84-
2026-09-01Dividend$1.1-
2026-08-19Earnings · Before market openActual 3.45 / Estimate 3.34Beat
2026-06-02Dividend$1.1-
2026-05-20EarningsActual 3.09 / Estimate 2.89Beat
2026-03-03Dividend$1.1-

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 10, 2026, 04:07 PM UTC

Company profile

Sector
Technology
Industry
Semiconductors
Chief executive
Vincent T. Roche
Employees
24,500
IPO date
Mar 17, 1980
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei8.14
Piotroski scorei8/9
FMP ratingiB+
Owner earningsi$1.76B$3.58 per share
ESG risk ratingiBIndustry rank: 32 out of 115

Rating factors

Return on equityi
4
Return on assetsi
4
Debt to equityi
3
Price to earningsi
2
Price to booki
2
Market cap history
2026-06-102026-09-09Latest: $177.97BHigh: $191.47BLow: $172.83B
Largest fund holders
FundWeightShares held
VTI0.25%15.5M
VOO0.28%12.8M
QQQ0.78%10.4M
SMH4.26%8M
IVV0.26%6.5M
1657.T0.2%6.5M
XAW.TO0.15%6.5M
FXAIX0.28%6.4M
SPY0.26%6M
VSCA.S0.18%5.4M
VCPA.S0.1%5M
VTV0.66%4.6M

Frequently asked questions

Where can I trade ADI perpetual futures?

Analog Devices, Inc. (ADI) perpetual futures trade on 7 crypto venues, including BingX, HTX, Bybit. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade ADI around the clock?

Yes. Unlike the underlying stock, ADI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on ADI perpetuals?

Right now the ADI perp funding rate is +1.5% annualized (venue median), ranging from 0.0% to +11.0% across 7 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the ADI perp price compare to the Analog Devices, Inc. stock?

The venue-median ADI perp mark is $361.9 versus a reference stock price of $361.8, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a ADI perpetual future?

A ADI perpetual is a derivative that tracks the price of Analog Devices, Inc. with no expiry date. It lets you take long or short exposure to Analog Devices, Inc. on crypto venues, around the clock.

What is ADIUSDT perpetual?

ADIUSDT is the symbol most crypto exchanges use for the Analog Devices, Inc. perpetual settled in USDT (Tether). It tracks the ADI share price through an index, trades 24/7 with leverage and never expires.

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