Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Analog Devices, Inc.'s quarterly P/E stands at 41.4x, down 4.9% year-over-year. EV/EBITDA has expanded 22.2% YoY to 26.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 95.28 | 41.43 | 45.99 | 36.58 | 53.30 | 43.55 | 67.91 | 58.72 | 65.81 | 81.82 | 51.64 | 40.55 | 28.51 |
| — | -4.9% | -32.3% | -37.7% | -19.0% | -46.8% | +31.5% | +44.8% | +130.8% | +249.3% | +127.3% | +103.7% | -4.5% | |
| P/S Ratio | 19.20 | 13.46 | 12.09 | 9.39 | 9.56 | 9.37 | 10.90 | 11.51 | 11.22 | 11.52 | 9.53 | 7.48 | 8.12 |
| — | +43.6% | +10.9% | -18.4% | -14.8% | -18.7% | +14.4% | +53.9% | +38.1% | +64.4% | +41.9% | +30.0% | +12.8% | |
| P/B Ratio | 6.38 | 5.78 | 4.52 | 3.42 | 3.23 | 2.83 | 3.01 | 3.20 | 2.95 | 2.82 | 2.70 | 2.28 | 2.78 |
| — | +104.6% | +50.1% | +6.8% | +9.6% | +0.1% | +11.8% | +39.9% | +5.9% | +11.1% | +12.7% | +11.5% | +13.9% | |
| P/FCF | 49.46 | 66.40 | 30.35 | 19.43 | 25.35 | 33.92 | 27.01 | 31.75 | 36.99 | 40.15 | 26.15 | 28.57 | 30.54 |
| — | +95.8% | +12.3% | -38.8% | -31.5% | -15.5% | +3.3% | +11.1% | +21.1% | +39.9% | +47.4% | +29.2% | +47.8% | |
| EV / EBITDA | 44.16 | 26.90 | 26.66 | 21.11 | 22.31 | 22.01 | 27.53 | 27.09 | 26.85 | 28.88 | 22.83 | 18.64 | 17.42 |
| — | +22.2% | -3.2% | -22.1% | -16.9% | -23.8% | +20.6% | +45.3% | +54.1% | +103.6% | +70.2% | +56.4% | +8.9% | |
| EV / EBIT | 74.27 | 36.48 | 38.42 | 31.18 | 34.55 | 37.02 | 54.26 | 49.28 | 53.98 | 65.75 | 42.97 | 33.92 | 28.00 |
| — | -1.5% | -29.2% | -36.7% | -36.0% | -43.7% | +26.3% | +45.3% | +92.8% | +211.9% | +111.4% | +86.2% | +6.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Analog Devices, Inc.'s operating margin was 38.1% in Q2 2026, up 6.5 pp QoQ and up 12.4 pp YoY. This marks the 6th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 32.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 10.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.5% | 67.3% | 64.7% | 63.1% | 62.1% | 61.0% | 59.0% | 58.0% | 56.7% | 54.7% | 58.7% | 60.6% | 63.8% |
| — | +10.3% | +9.6% | +8.9% | +9.6% | +11.7% | +0.6% | -4.4% | -11.1% | -16.8% | -10.3% | -8.1% | -2.9% | |
| Operating Margin | 26.6% | 38.1% | 31.5% | 30.7% | 28.4% | 25.7% | 20.3% | 23.3% | 21.2% | 17.9% | 23.3% | 23.4% | 30.2% |
| — | +48.3% | +55.6% | +31.8% | +33.7% | +43.6% | -13.1% | -0.2% | -29.7% | -48.3% | -33.0% | -31.2% | +5.2% | |
| Net Margin | 20.6% | 32.5% | 26.3% | 25.6% | 18.0% | 21.6% | 16.1% | 19.6% | 17.0% | 14.0% | 18.4% | 18.3% | 28.5% |
| — | +50.4% | +62.8% | +30.9% | +6.1% | +54.2% | -12.3% | +6.6% | -40.5% | -53.3% | -37.8% | -36.4% | +18.4% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 3.5% | 2.5% | 2.3% | 1.5% | 1.6% | 1.1% | 1.4% | 1.1% | 0.9% | 1.3% | 1.4% | 2.4% |
| — | +114.3% | +120.6% | +70.8% | +34.8% | +90.4% | -14.4% | -2.6% | -54.3% | -68.3% | -50.6% | -45.5% | +20.1% | |
| ROA | 4.7% | 2.5% | 1.7% | 1.6% | 1.1% | 1.2% | 0.8% | 1.0% | 0.8% | 0.6% | 1.0% | 1.0% | 1.8% |
| — | +105.1% | +112.8% | +65.9% | +34.9% | +92.3% | -14.6% | -2.8% | -54.6% | -68.3% | -50.2% | -45.4% | +19.8% | |
| ROIC | 5.4% | 2.6% | 1.9% | 1.8% | 1.5% | 1.3% | 0.9% | 1.0% | 0.9% | 0.7% | 1.1% | 1.1% | 1.7% |
| — | +104.9% | +106.9% | +69.3% | +71.2% | +81.0% | -14.4% | -8.8% | -46.7% | -65.6% | -48.1% | -42.7% | +3.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Analog Devices, Inc.'s Debt/EBITDA ratio is 4.6x, down from 5.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 15.6% YoY to 1.75x, tightening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.21 | 0.22 | 0.22 | 0.23 | 0.23 | 0.20 | 0.20 | 0.19 |
| — | +25.2% | +19.1% | +17.8% | +10.7% | -10.1% | +9.7% | +10.3% | +18.4% | +22.4% | +9.8% | +8.9% | +14.0% | |
| Debt / EBITDA | 1.76 | 4.64 | 5.84 | 6.01 | 6.66 | 6.11 | 7.51 | 7.02 | 7.93 | 8.81 | 6.29 | 5.99 | 4.60 |
| — | -24.0% | -22.3% | -14.3% | -16.1% | -30.7% | +19.5% | +17.1% | +72.3% | +124.0% | +65.2% | +52.0% | +8.4% | |
| Current Ratio | 2.19 | 1.75 | 1.76 | 2.19 | 2.32 | 2.08 | 1.93 | 1.84 | 1.69 | 1.58 | 1.51 | 1.37 | 1.71 |
| — | -15.6% | -9.0% | +19.3% | +37.8% | +31.9% | +27.7% | +34.0% | -1.2% | -12.2% | -28.8% | -32.3% | -11.1% | |
| Quick Ratio | 1.68 | 1.34 | 1.35 | 1.68 | 1.79 | 1.51 | 1.43 | 1.35 | 1.24 | 1.13 | 0.98 | 0.86 | 1.10 |
| — | -11.4% | -6.0% | +24.3% | +43.7% | +34.1% | +46.4% | +57.7% | +12.7% | -3.7% | -34.5% | -40.9% | -22.7% | |
| Interest Coverage | 9.54 | 15.75 | 11.95 | 11.06 | 10.59 | 9.38 | 6.79 | 7.24 | 5.97 | 5.21 | 7.66 | 8.99 | 13.62 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ADI stock.
Analog Devices, Inc.'s current P/E is 95.3x. The average P/E over the last 4 quarters is 44.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Analog Devices, Inc.'s current operating margin is 26.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Analog Devices, Inc.'s business trajectory between earnings reports.