Analog Devices, Inc. (ADI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 3.62B | 3.16B | 3.08B | 2.88B | 2.64B | 2.42B | 2.44B | 2.31B | 2.16B | 2.51B | 2.72B | 3.08B | 3.26B | 3.25B | 3.25B | 3.11B | 2.97B | 2.68B | 2.34B | 1.76B |
| Revenue Growth % | 37.25% | 30.42% | 25.91% | 24.57% | 22.28% | -3.56% | -10.06% | -24.84% | -33.83% | -22.68% | -16.36% | -1.07% | 9.79% | 21.06% | 38.82% | 76.81% | 78.89% | 72.24% | 53.28% | 20.79% |
| Cost of Goods Sold | 1.18B | 1.12B | 1.13B | 1.09B | 1.03B | 992.87M | 1.03B | 1B | 979M | 1.04B | 1.07B | 1.11B | 1.12B | 1.13B | 1.1B | 1.07B | 1.03B | 1.01B | 886.66M | 537.67M |
| COGS % of Revenue | 32.67% | 35.29% | 36.87% | 37.86% | 38.96% | 40.97% | 42.04% | 43.29% | 45.34% | 41.34% | 39.38% | 36.24% | 34.28% | 34.63% | 34.02% | 34.3% | 34.57% | 37.66% | 37.9% | 30.57% |
| Gross Profit | 2.44B | 2.04B | 1.94B | 1.79B | 1.61B | 1.43B | 1.42B | 1.31B | 1.18B | 1.47B | 1.65B | 1.96B | 2.14B | 2.12B | 2.14B | 2.04B | 1.94B | 1.67B | 1.45B | 1.22B |
| Gross Margin % | 67.33% | 64.71% | 63.13% | 62.14% | 61.04% | 59.03% | 57.96% | 56.71% | 54.66% | 58.66% | 60.62% | 63.76% | 65.72% | 65.37% | 65.98% | 65.7% | 65.43% | 62.34% | 62.1% | 69.43% |
| Gross Profit Growth % | 51.39% | 42.98% | 37.12% | 36.49% | 36.57% | -2.96% | -14% | -33.16% | -44.98% | -30.62% | -23.15% | -3.99% | 10.29% | 26.95% | 47.49% | 67.31% | 71.08% | 60.08% | 42.01% | 25.56% |
| Operating Expenses | 1.06B | 1.05B | 996.61M | 971.72M | 933.67M | 938.99M | 846.74M | 819.92M | 793.91M | 887.98M | 1.01B | 1.03B | 1.02B | 993.52M | 1.04B | 1.15B | 1.03B | 1.31B | 1.35B | 611.54M |
| OpEx % of Revenue | 29.26% | 33.16% | 32.4% | 33.74% | 35.37% | 38.75% | 34.66% | 35.46% | 36.77% | 35.34% | 37.27% | 33.55% | 31.14% | 30.57% | 32.03% | 36.97% | 34.53% | 48.75% | 57.87% | 34.77% |
| Selling, General & Admin | 362.81M | 345.25M | 342.17M | 325.71M | 302.67M | 284.8M | 283.89M | 257.21M | 244.13M | 290.08M | 293.81M | 334.11M | 324.25M | 326.28M | 340.43M | 326.94M | 305.31M | 297.37M | 320.73M | 206.08M |
| SG&A % of Revenue | 10.01% | 10.92% | 11.12% | 11.31% | 11.46% | 11.75% | 11.62% | 11.12% | 11.31% | 11.54% | 10.82% | 10.86% | 9.94% | 10.04% | 10.48% | 10.51% | 10.27% | 11.08% | 13.71% | 11.72% |
| Research & Development | 509.32M | 467.4M | 467.02M | 454.25M | 441.84M | 402.89M | 378.9M | 362.67M | 354.86M | 391.43M | 406.59M | 423.75M | 415.75M | 414.1M | 421.01M | 431.83M | 420.9M | 426.78M | 399.12M | 306.62M |
| R&D % of Revenue | 14.06% | 14.79% | 15.18% | 15.77% | 16.74% | 16.63% | 15.51% | 15.68% | 16.44% | 15.58% | 14.97% | 13.77% | 12.74% | 12.74% | 12.96% | 13.89% | 14.16% | 15.9% | 17.06% | 17.43% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.38B | 997.03M | 945.21M | 818.03M | 677.94M | 491.31M | 569.39M | 491.32M | 386.12M | 585.96M | 634.41M | 929.49M | 1.13B | 1.13B | 1.1B | 893.31M | 918.16M | 364.76M | 99M | 609.65M |
| Operating Margin % | 38.08% | 31.55% | 30.73% | 28.4% | 25.68% | 20.28% | 23.31% | 21.25% | 17.88% | 23.32% | 23.35% | 30.21% | 34.58% | 34.8% | 33.95% | 28.72% | 30.89% | 13.59% | 4.23% | 34.66% |
| Operating Income Growth % | 103.51% | 102.93% | 66% | 66.5% | 75.58% | -16.15% | -10.25% | -47.14% | -65.78% | -48.18% | -42.46% | 4.05% | 22.9% | 210.02% | 1013.56% | 46.53% | 76.67% | -21.36% | -78.56% | 45.46% |
| EBITDA | 1.87B | 1.49B | 1.44B | 1.31B | 1.18B | 1.01B | 1.09B | 1.02B | 914.42M | 1.11B | 1.17B | 1.52B | 1.71B | 1.72B | 1.68B | 1.47B | 1.49B | 934.57M | 577.97M | 805.8M |
| EBITDA Margin % | 51.63% | 47.07% | 46.83% | 45.32% | 44.64% | 41.55% | 44.61% | 44.18% | 42.35% | 44.22% | 43.09% | 49.32% | 52.41% | 52.88% | 51.58% | 47.34% | 50.28% | 34.82% | 24.7% | 45.81% |
| EBITDA Growth % | 58.72% | 47.73% | 32.18% | 27.77% | 28.89% | -9.39% | -6.89% | -32.66% | -46.53% | -35.33% | -30.12% | 3.05% | 14.45% | 83.86% | 189.82% | 82.71% | 108.16% | 40.49% | -12.94% | 29.84% |
| D&A (Non-Cash Add-back) | 490.94M | 490.5M | 495.34M | 487.29M | 500.61M | 515.6M | 520.46M | 530.31M | 528.3M | 525.25M | 536.12M | 587.69M | 581.8M | 587.5M | 572.61M | 578.97M | 576.11M | 569.81M | 478.96M | 196.15M |
| EBIT | 1.38B | 1.03B | 975.36M | 843M | 700.63M | 510.84M | 599.13M | 508.17M | 401.71M | 590.56M | 643.38M | 944.17M | 1.15B | 1.13B | 1.1B | 899.13M | 928.79M | 375.52M | -101.55M | 616.94M |
| Net Interest Income | -59.05M | -54.09M | -55.19M | -52.51M | -52.98M | -51.78M | -54.86M | -58.75M | -61.83M | -67.97M | -62.5M | -60.55M | -50.68M | -49.62M | -43.38M | -49.39M | -48.98M | -51.75M | -54.2M | -44.36M |
| Interest Income | 28.57M | 32.26M | 32.97M | 27.08M | 21.73M | 23.49M | 27.95M | 26.43M | 15.27M | 9.17M | 9.09M | 8.79M | 12.57M | 10.83M | 4.33M | 1.8M | 563K | 218K | 421K | 300K |
| Interest Expense | 87.62M | 86.34M | 88.16M | 79.59M | 74.7M | 75.26M | 82.8M | 85.18M | 77.1M | 77.14M | 71.59M | 69.35M | 63.25M | 60.45M | 47.71M | 51.19M | 49.55M | 51.96M | 54.62M | 44.66M |
| Other Income/Expense | -54.85M | -51.16M | -58.01M | -54.62M | -52.02M | -55.74M | -53.06M | -68.33M | -61.52M | -72.55M | -62.63M | -54.67M | -40.46M | -57.35M | -54.46M | -45.37M | -38.92M | -41.2M | -255.17M | -37.37M |
| Pretax Income | 1.32B | 945.87M | 887.2M | 763.41M | 625.93M | 435.58M | 516.33M | 422.99M | 324.6M | 513.42M | 571.79M | 874.82M | 1.09B | 1.07B | 1.05B | 847.94M | 879.25M | 323.56M | -156.17M | 572.28M |
| Pretax Margin % | 36.56% | 29.93% | 28.84% | 26.5% | 23.71% | 17.98% | 21.13% | 18.29% | 15.03% | 20.43% | 21.05% | 28.44% | 33.34% | 33.03% | 32.27% | 27.27% | 29.58% | 12.05% | -6.68% | 32.54% |
| Income Tax | 148.48M | 115.05M | 99.46M | 244.89M | 56.16M | 44.26M | 38.26M | 30.76M | 22.36M | 50.69M | 73.36M | -2.2M | 110.27M | 112M | 111.79M | 98.95M | 95.97M | 43.48M | -231.85M | 68.97M |
| Effective Tax Rate % | 11.21% | 12.16% | 11.21% | 32.08% | 8.97% | 10.16% | 7.41% | 7.27% | 6.89% | 9.87% | 12.83% | -0.25% | 10.14% | 10.43% | 10.67% | 11.67% | 10.92% | 13.44% | 148.47% | 12.05% |
| Net Income | 1.18B | 830.83M | 787.74M | 518.52M | 569.77M | 391.32M | 478.07M | 392.23M | 302.24M | 462.73M | 498.43M | 877.02M | 977.66M | 961.47M | 936.23M | 748.99M | 783.27M | 280.08M | 75.69M | 503.31M |
| Net Margin % | 32.46% | 26.29% | 25.61% | 18% | 21.58% | 16.15% | 19.57% | 16.96% | 14% | 18.42% | 18.35% | 28.51% | 29.96% | 29.59% | 28.83% | 24.08% | 26.35% | 10.43% | 3.24% | 28.62% |
| Net Income Growth % | 106.46% | 112.32% | 64.77% | 32.2% | 88.51% | -15.43% | -4.08% | -55.28% | -69.08% | -51.87% | -46.76% | 17.09% | 24.82% | 243.29% | 1136.97% | 48.81% | 85.21% | -27.91% | -80.42% | 38.78% |
| Net Income (Continuing) | 1.18B | 830.83M | 787.74M | 518.52M | 569.77M | 391.32M | 478.07M | 392.23M | 302.24M | 462.73M | 498.43M | 877.02M | 977.66M | 961.47M | 936.23M | 748.99M | 783.27M | 280.08M | 75.69M | 503.31M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.40 | 1.69 | 1.60 | 1.04 | 1.14 | 0.78 | 0.96 | 0.79 | 0.61 | 0.93 | 0.99 | 1.74 | 1.92 | 1.88 | 1.82 | 1.44 | 1.49 | 0.53 | 0.16 | 1.35 |
| EPS Growth % | 110.53% | 116.67% | 66.67% | 31.65% | 86.89% | -16.13% | -3.03% | -54.6% | -68.23% | -50.53% | -45.6% | 20.83% | 28.86% | 254.72% | 1037.5% | 6.67% | 30.7% | -49.04% | -84.62% | 39.18% |
| EPS (Basic) | 2.41 | 1.70 | 1.60 | 1.05 | 1.15 | 0.79 | 0.96 | 0.79 | 0.61 | 0.93 | 0.99 | 1.75 | 1.94 | 1.90 | 1.83 | 1.45 | 1.49 | 0.53 | 0.16 | 1.37 |
| Diluted Shares Outstanding | 490.46M | 491.66M | 493.24M | 496.73M | 498.2M | 498.67M | 498.72M | 498.79M | 498.53M | 498.74M | 505.96M | 503.5M | 508.73M | 511.18M | 515.76M | 520.55M | 526.26M | 530.14M | 487.78M | 371.85M |
| Basic Shares Outstanding | 487.61M | 488.87M | 490.85M | 494.39M | 496.17M | 496.12M | 496.17M | 496.34M | 496.13M | 495.76M | 497.07M | 500.02M | 504.71M | 507.12M | 512.23M | 517.01M | 522.37M | 525.29M | 483.35M | 368.48M |
| Dividend Payout Ratio | 45.6% | 58.29% | 61.81% | 94.53% | 86.18% | 116.62% | 95.54% | 116.38% | 150.92% | 92.08% | 85.87% | 49.08% | 44.52% | 40.09% | 41.69% | 52.61% | 50.75% | 129.48% | 490.48% | 50.57% |