Analog Devices balance sheet

At the end of fiscal 2025, Analog Devices had total assets of $47.99bn and shareholders' equity of $33.82bn. It held $2.50bn in cash against $8.59bn of debt: net debt of $6.09bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Analog Devices: balance sheet, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Nov 2012	2013Nov 2013	2014Nov 2014	2015Oct 2015	2016Oct 2016	2017Oct 2017	2018Nov 2018	2019Nov 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Nov 2024	2025Nov 2025	LTMAug 2026
Cash and equivalents	1.1	1.4	1.4	0.5	0.4	0.6	0.9	0.9	1.0	0.8	0.6	1.1	2.0	1.5	1.0	2.0	2.5	2.2
Receivables	0.3	0.4	0.3	0.3	0.3	0.4	0.5	0.5	0.7	0.6	0.6	0.7	1.5	1.8	1.5	1.3	1.4	2.4
Inventory	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.6	0.6	0.6	0.6	1.2	1.4	1.6	1.4	1.7	1.9
Total current assets	2.5	3.5	4.4	4.7	5.5	3.8	4.1	5.0	2.4	2.1	2.0	2.5	5.4	4.9	4.4	5.5	7.1	7.1
Goodwill	0.3	0.3	0.3	0.3	0.3	1.6	1.6	1.7	12.2	12.3	12.3	12.3	26.9	26.9	26.9	26.9	26.9	28.0
Total assets	3.4	4.3	5.3	5.6	6.4	6.9	7.1	8.0	21.1	20.4	21.4	21.5	52.3	50.3	48.8	48.2	48.0	48.4
Accounts payable	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.3	0.2	0.2	0.4	0.6	0.5	0.5	0.5	0.7
Total current liabilities	0.4	0.6	0.5	0.5	0.6	0.7	1.1	0.8	1.6	1.1	1.5	1.4	2.8	2.4	3.2	3.0	3.2	5.7
Short-term debt	—	—	—	—	—	0.0	0.4	0.0	0.3	0.1	0.3	0.0	0.5	0.0	0.5	0.4	0.0	1.3
Long-term debt	0.4	0.4	0.9	0.8	0.9	0.9	0.5	1.7	7.6	6.3	5.2	5.1	6.8	6.5	5.9	6.6	8.1	6.8
Total debt	0.4	0.4	0.9	0.8	0.9	0.9	0.9	1.7	7.9	6.3	5.5	5.1	6.8	6.6	6.9	8.0	8.6	9.1
Shareholders' equity	2.5	3.2	3.8	4.2	4.7	4.8	5.1	5.2	10.2	11.3	11.7	12.0	38.0	36.5	35.6	35.2	33.8	33.6
Net debt (negative = net cash)	−0.7	−1.0	−0.5	0.3	0.5	0.3	−0.0	0.8	6.8	5.5	4.8	4.1	4.8	5.1	6.0	6.0	6.1	7.0
Shares outstanding	292m	299m	298m	311m	311m	311m	312m	369m	369m	370m	368m	369m	—	509m	496m	496m	490m	485m

US$ billions unless shown otherwise. Fiscal quarters.

Analog Devices: balance sheet, quarterly
Quarter	2024 Q4Nov 2024	2025 Q1Feb 2025	2025 Q2May 2025	2025 Q3Aug 2025	2025 Q4Nov 2025	2026 Q1Jan 2026	2026 Q2May 2026	2026 Q3Aug 2026
Receivables	1.3	1.2	1.4	1.6	1.4	1.4	2.1	2.4
Inventory	1.4	1.5	1.5	1.6	1.7	1.8	1.8	1.9
Total current assets	5.5	5.7	5.6	6.9	7.1	7.6	7.8	7.1
Goodwill	26.9	26.9	26.9	26.9	26.9	26.9	27.0	28.0
Total assets	48.2	48.0	47.3	48.2	48.0	48.0	47.9	48.4
Accounts payable	0.5	0.4	0.4	0.5	0.5	0.5	0.6	0.7
Total current liabilities	3.0	3.0	2.7	3.0	3.2	4.3	4.5	5.7
Short-term debt	0.4	0.4	0.0	0.0	0.0	0.9	0.9	1.3
Long-term debt	6.6	6.6	6.6	8.1	8.1	7.2	7.2	6.8
Total debt	7.0	7.0	6.6	8.1	8.1	8.1	8.1	8.1
Shareholders' equity	35.2	35.1	35.0	34.1	33.8	33.8	33.7	33.6
Shares outstanding	496m	496m	496m	492m	490m	488m	487m	485m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Analog Devices's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Analog Devices.