Free cash flow
Analog Devices Free cash flow decreased by 15.2% to $1.26B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 28.8%, from $977.83M to $1.26B. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 15.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $543.70M | $809.95M | $745.28M | $1.10B | $1.08B | $844.82M | $1.23B | $797.24M | $817.88M | $710.90M | $915.85M | $619.66M | $701.14M | $885.41M | $977.83M | $729.21M | $1.09B | $1.49B | $1.26B |
| QoQ Change | — | +49.0% | -8.0% | +48.0% | -1.8% | -22.0% | +45.6% | -35.2% | +2.6% | -13.1% | +28.8% | -32.3% | +13.1% | +26.3% | +10.4% | -25.4% | +48.9% | +36.8% | -15.2% |
| YoY Change | — | — | — | — | +99.2% | +4.3% | +65.1% | -27.7% | -24.5% | -15.9% | -25.5% | -22.3% | -14.3% | +24.5% | +6.8% | +17.7% | +54.9% | +67.8% | +28.8% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Analog Devices's free cash flow?
- Analog Devices (ADI) reported free cash flow of $1.26B in Q4 2025.
- How has Analog Devices's free cash flow changed year-over-year?
- Analog Devices's free cash flow increased by 28.8% year-over-year, from $977.83M to $1.26B.
- What is the long-term trend for Analog Devices's free cash flow?
- Over 4 years (2021 to 2025), Analog Devices's free cash flow has grown at a 15.7% compound annual growth rate (CAGR), from $2.39B to $4.28B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.