Analog Devices income statement

In fiscal 2025, Analog Devices reported revenue of $11.02bn, up 16.9% on the year before, operating income of $2.93bn (a 26.6% margin) and net income of $2.27bn, or $4.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Analog Devices: income statement, 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
Revenue	2.0	2.8	3.0	2.7	2.6	2.9	3.4	3.4	5.1	6.2	6.0	5.6	7.3	12.0	12.3	9.4	11.0	13.9
Cost of revenue	0.9	1.0	—	—	—	—	—	1.2	2.1	2.0	2.0	1.9	2.8	4.5	4.4	4.0	4.2	4.7
Gross profit	1.1	1.8	2.0	1.7	1.7	1.8	2.3	2.2	3.2	4.3	4.0	3.7	4.5	7.5	7.9	5.4	6.8	9.1
Research and development	0.4	0.5	0.5	0.5	0.5	0.6	0.6	0.7	1.0	1.2	1.1	1.1	1.3	1.7	1.7	1.5	1.8	2.0
Selling, general and administrative	0.3	0.4	0.4	0.4	0.4	0.5	0.5	0.5	0.7	0.7	0.6	0.7	0.9	1.3	1.3	1.1	1.3	1.4
Operating income	0.3	0.9	1.1	0.8	0.8	0.8	0.8	1.0	1.2	1.9	1.7	1.5	1.7	3.3	3.8	2.0	2.9	4.9
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.3	0.3	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.4
Income before tax	0.3	0.9	1.1	0.8	0.8	0.7	0.8	1.0	0.9	1.7	1.5	1.3	1.3	3.1	3.6	1.8	2.7	4.7
Income tax	0.1	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	−0.1	0.4	0.3	0.1	0.4	0.6
Net income	0.2	0.7	0.9	0.7	0.7	0.6	0.7	0.9	0.8	1.5	1.4	1.2	1.4	2.7	3.3	1.6	2.3	4.1
Diluted EPS	$0.85	$2.33	$2.81	$2.13	$2.14	—	—	—	—	—	—	$3.28	$3.46	$5.25	$6.55	$3.28	$4.56	$8.42
Diluted shares (average)	293m	306m	308m	306m	314m	318m	317m	312m	350m	375m	373m	372m	401m	523m	506m	499m	497m	491m
EBITDA	0.4	1.0	1.2	0.9	0.9	0.9	1.0	1.2	1.4	2.1	2.0	1.7	1.9	3.6	4.2	2.4	3.3	5.4

US$ millions unless shown otherwise. Fiscal quarters.

Analog Devices: income statement, 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
Revenue	2,443	2,423	2,640	2,880	3,076	3,160	3,623	4,022
Cost of revenue	1,027	993	1,028	1,091	1,134	1,115	1,184	1,314
Gross profit	1,416	1,430	1,612	1,790	1,942	2,045	2,440	2,708
Research and development	379	403	442	454	467	467	509	533
Selling, general and administrative	277	285	303	326	342	345	363	397
Operating income	569	491	678	818	945	997	1,380	1,613
Interest expense	83	75	75	80	88	86	88	89
Income before tax	516	436	626	763	887	946	1,325	1,546
Income tax	38	44	56	245	99	115	148	206
Net income	478	391	570	519	788	831	1,176	1,340
Diluted EPS	$0.96	$0.78	$1.14	$1.04	$1.59	$1.69	$2.40	$2.74
EBITDA	667	590	778	921	1,051	1,103	1,485	1,717

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.