Analog Devices, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.02B | $9.43B | $12.31B | $12.01B | $7.32B | $5.60B | $5.99B | $6.20B |
| Industrial | $4.93B | $4.31B | $6.56B | $6.07B | $4.01B | $2.99B | $3.00B | $3.10B |
| Automotive | $3.28B | $2.83B | $2.92B | $2.52B | $1.25B | $779.3M | $933.1M | $988.7M |
| Communications | $1.38B | $1.08B | $1.62B | $1.88B | $1.20B | $1.20B | $1.28B | $1.25B |
| Consumer | $1.43B | $1.20B | $1.22B | $1.55B | $859.7M | $640.3M | $769.9M | $856.8M |
| Cost of Revenue | $4.25B | $4.05B | $4.43B | $4.48B | $2.79B | $1.91B | $1.98B | $1.97B |
| Gross Profit | $6.77B | $5.38B | $7.88B | $7.53B | $4.53B | $3.69B | $4.01B | $4.25B |
| Gross Margin | 61.5% | 57.1% | 64.0% | 62.7% | 61.8% | 65.9% | 67.0% | 68.5% |
| Operating Expenses | ||||||||
| Research & Development | $1.77B | $1.49B | $1.66B | $1.70B | $1.30B | $1.05B | $1.13B | $1.17B |
| SG&A Expense | $1.26B | $1.07B | $1.27B | $1.27B | $915.4M | $659.9M | $648.1M | $695.5M |
| Operating Income | $2.93B | $2.03B | $3.82B | $3.28B | $1.69B | $1.50B | $1.71B | $1.90B |
| Operating Margin | 26.6% | 21.6% | 31.1% | 27.3% | 23.1% | 26.7% | 28.6% | 30.6% |
| Interest Expense | — | — | $264.6M | $200.4M | $184.8M | $193.3M | $229.1M | $253.6M |
| Pretax Income | $2.71B | $1.78B | $3.61B | $3.10B | $1.33B | $1.31B | $1.49B | $1.66B |
| Income Tax Expense | $444.8M | $142.1M | $293.4M | $350.2M | $-61.7M | $90.9M | $122.7M | $148.3M |
| Net Income | $2.27B | $1.64B | $3.31B | $2.75B | $1.39B | $1.22B | $1.36B | $1.51B |
| Net Margin | 20.6% | 17.3% | 26.9% | 22.9% | 19.0% | 21.8% | 22.8% | 24.3% |
| EPS (Basic) | $4.59 | $3.30 | $6.60 | $5.29 | $3.50 | $3.31 | $3.68 | $4.05 |
| EPS (Diluted) | $4.56 | $3.28 | $6.55 | $5.25 | $3.46 | $3.28 | $3.65 | $4.00 |
| Shares Outstanding (Basic) | 494.4M | 496.2M | 502.2M | 519.2M | 397.5M | 368.6M | 369.1M | 370.4M |
| Shares Outstanding (Diluted) | 496.7M | 498.7M | 506.0M | 523.2M | 401.3M | 372.0M | 372.9M | 374.9M |
| Dividends Per Share | $3.89 | $3.62 | $3.34 | $2.97 | $2.69 | $2.40 | $2.10 | $1.89 |