Analog Devices, Inc. (ADI) income statement
NASDAQ · Technology · Semiconductors · 24,500 employees · CEO Vincent T. Roche
- Price
- $417.11 -3.73%
- Market cap
- $202B
- Enterprise value
- $209B
- Last report
- Q3 '26 filed 2026-08-19
- Next report
- 2026-11-24 EPS est. $3.89
Analog Devices, Inc. (ADI) reported revenue of $4.02B for Q3 '26 (+39.6% year on year), operating income of $1.61B (40.1% of revenue) and net income of $1.34B. Over the last four quarters revenue was $13.9B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.72B | $2.51B | $2.16B | $2.31B | $2.44B | $2.42B | $2.64B | $2.88B | $3.08B | $3.16B | $3.62B | $4.02B | |
| Cost of revenue | $1.07B | $1.04B | $979M | $1B | $1.03B | $993M | $1.03B | $1.09B | $1.13B | $1.12B | $1.18B | $1.31B | |
| Gross profit | $1.65B | $1.47B | $1.18B | $1.31B | $1.42B | $1.43B | $1.61B | $1.79B | $1.94B | $2.04B | $2.44B | $2.71B | |
| Research & development | $407M | $391M | $355M | $363M | $379M | $403M | $442M | $454M | $467M | $467M | $509M | $533M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $363M | $0 | |
| Other operating expenses | $312M | $206M | $195M | $200M | $184M | $251M | $189M | $192M | $187M | $235M | $188M | $164M | |
| Operating expenses | $1.01B | $888M | $794M | $820M | $847M | $939M | $934M | $972M | $997M | $1.05B | $1.06B | $1.09B | |
| Operating income | $634M | $586M | $386M | $491M | $569M | $491M | $678M | $818M | $945M | $997M | $1.38B | $1.61B | |
| Interest income | $9.09M | $9.17M | $15.3M | $26.4M | $27.9M | $23.5M | $21.7M | $27.1M | $33M | $32.3M | $28.6M | $25.4M | |
| Interest expense | $71.6M | $77.1M | $77.1M | $85.2M | $82.8M | $75.3M | $74.7M | $79.6M | $88.2M | $86.3M | $87.6M | $88.7M | |
| Other non-operating income (gains on investments, FX ...) | -$8.96M | -$4.6M | -$15.6M | -$16.9M | -$29.7M | -$19.5M | -$22.7M | -$25M | -$30.1M | -$35.2M | -$32.8M | -$21.6M | |
| Total non-operating income | -$62.6M | -$72.5M | -$61.5M | -$68.3M | -$53.1M | -$55.7M | -$52M | -$54.6M | -$58M | -$51.2M | -$54.9M | -$67.1M | |
| Income before tax | $572M | $513M | $325M | $423M | $516M | $436M | $626M | $763M | $887M | $946M | $1.32B | $1.55B | |
| Income tax | $73.4M | $50.7M | $22.4M | $30.8M | $38.3M | $44.3M | $56.2M | $245M | $99.5M | $115M | $148M | $206M | |
| Net income | $498M | $463M | $302M | $392M | $478M | $391M | $570M | $519M | $788M | $831M | $1.18B | $1.34B | |
| EPS (basic) | $0.99 | $0.93 | $0.61 | $0.79 | $0.96 | $0.79 | $1.15 | $1.05 | $1.60 | $1.70 | $2.41 | $2.76 | |
| EPS (diluted) | $0.99 | $0.93 | $0.61 | $0.79 | $0.96 | $0.78 | $1.14 | $1.04 | $1.60 | $1.69 | $2.40 | $2.74 | |
| Shares (basic, weighted) | 497M | 496M | 496M | 496M | 496M | 496M | 496M | 494M | 491M | 489M | 488M | 488M | |
| Shares (diluted, weighted) | 506M | 499M | 499M | 499M | 499M | 499M | 498M | 497M | 493M | 492M | 490M | 490M | |
| Depreciation & amortization | $536M | $525M | $528M | $530M | $520M | $516M | $501M | $487M | $495M | $491M | $491M | $494M | |
| EBITDA | $1.18B | $1.12B | $930M | $1.04B | $1.12B | $1.03B | $1.2B | $1.33B | $1.47B | $1.52B | $1.9B | $2.13B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.42B | $5.25B | $6.22B | $5.99B | $5.6B | $7.32B | $12B | $12.3B | $9.43B | $11B | |
| Cost of revenue | $1.19B | $1.72B | $1.97B | $1.98B | $1.91B | $2.46B | $4.21B | $4.43B | $4.05B | $4.25B | |
| Gross profit | $2.23B | $3.53B | $4.25B | $4.01B | $3.69B | $4.86B | $7.8B | $7.88B | $5.38B | $6.77B | |
| Research & development | $654M | $968M | $1.17B | $1.13B | $1.05B | $1.3B | $1.7B | $1.66B | $1.49B | $1.77B | |
| Other operating expenses | $83.8M | $752M | $489M | $525M | $481M | $949M | $1.55B | $1.12B | $785M | $820M | |
| Operating expenses | $1.2B | $2.36B | $2.35B | $2.3B | $2.19B | $3.16B | $4.53B | $4.05B | $3.35B | $3.84B | |
| Operating income | $1.03B | $1.16B | $1.9B | $1.71B | $1.5B | $1.69B | $3.28B | $3.82B | $2.03B | $2.93B | |
| Interest income | $21.2M | $30.3M | $9.38M | $10.2M | $4.31M | $1.22M | $6.91M | $41.3M | $78.8M | $105M | |
| Interest expense | $88.8M | $251M | $254M | $229M | $193M | $185M | $200M | $265M | $322M | $318M | |
| Other non-operating income (gains on investments, FX ...) | -$17.6M | -$22.8M | -$9.31M | -$4.2M | -$6.68M | $179M | -$20.5M | -$49.5M | -$66.8M | -$97.3M | |
| Total non-operating income | -$71.2M | -$228M | -$244M | -$225M | -$187M | -$363M | -$180M | -$215M | -$255M | -$220M | |
| Income before tax | $957M | $935M | $1.66B | $1.49B | $1.31B | $1.33B | $3.1B | $3.61B | $1.78B | $2.71B | |
| Income tax | $95.3M | $129M | $148M | $123M | $90.9M | -$61.7M | $350M | $293M | $142M | $445M | |
| Net income | $862M | $805M | $1.51B | $1.36B | $1.22B | $1.39B | $2.75B | $3.31B | $1.64B | $2.27B | |
| EPS (basic) | $2.79 | $2.32 | $4.04 | $3.69 | $3.31 | $3.50 | $5.29 | $6.60 | $3.30 | $4.59 | |
| EPS (diluted) | $2.76 | $2.29 | $3.99 | $3.66 | $3.28 | $3.46 | $5.25 | $6.55 | $3.28 | $4.56 | |
| Shares (basic, weighted) | 309M | 346M | 370M | 369M | 369M | 397M | 519M | 502M | 496M | 494M | |
| Shares (diluted, weighted) | 312M | 350M | 375M | 373M | 372M | 401M | 523M | 506M | 499M | 497M | |
| Depreciation & amortization | $210M | $584M | $799M | $811M | $811M | $1.07B | $2.3B | $2.29B | $2.1B | $2B | |
| EBITDA | $1.26B | $1.77B | $2.71B | $2.53B | $2.32B | $2.59B | $5.6B | $6.17B | $4.2B | $5.03B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-Q 2026-01-31, 10-K 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-Q 2025-02-01, 10-K 2024-11-02, 10-Q 2024-08-03
Data as of 2026-11-01