Company data sheet · Analog Devices

Analog Devices: growth far beyond its economy.

Industry
Semiconductors & Related Devices Manufacturing
Headquarters
United States
Ticker
ADI (Nasdaq)
Sources
SEC filings (1994–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
Data as of
October 18, 2026
  1. It outgrew its own economy many times over. Revenue rose from $3.4 billion in fiscal 2016 to $11 billion in fiscal 2025: 3.2 times as much. The US economy, counted the same way in money terms, grew about 60%. Whatever drove it, the economy around it does not account for growth of that size.
  2. Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 222% in US dollars; the median among 181 large manufacturers grew 49%. It outgrew 90% of them.
  3. Still smaller than it was. Revenue reached $11 billion in fiscal 2025, 10% below its fiscal 2023 peak of $12.3 billion.
  4. Leaders came and went. Analog Devices filed 38 leadership changes since 2016, more than 91% of large manufacturers (the median is 20). The day after each, its shares moved a median 0.0 points against its sector. The news was rarely news.
  5. Profitable every year. Analog Devices made money in each of its last ten fiscal years, from $0.8 billion (fiscal 2017) to $3.3 billion (fiscal 2023).

Financial results

Fiscal yearRevenueNet income
2016$3.4 billion$0.9 billion
2017$5.2 billion$0.8 billion
2018$6.2 billion$1.5 billion
2019$6 billion$1.4 billion
2020$5.6 billion$1.2 billion
2021$7.3 billion$1.4 billion
2022$12 billion$2.7 billion
2023$12.3 billion$3.3 billion
2024$9.4 billion$1.6 billion
2025$11 billion$2.3 billion

As reported in its annual filings. Losses in red.

The full data sheet · Data Plan

Everything behind these findings, ready for your board deck.

  • Market reaction to disclosed decisions: 55 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (40 with market data).
  • Economic context: 7 measures for the United States, every year since 2016, from the official sources.
  • Peer comparison: against 264 companies of its size in its sector.
  • Financial results: ten years of revenue, operating and net income, and every annual report, linked.
  • Methods and sources, so each number can be checked and cited.

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