Analog Devices (ADI) Stock Price vs Operating Income
Open the interactive overlay on autario.com.
In the year ending August 1, 2020, Analog Devices reported Q3 operating income of $1.37 billion, down 25.2% from $1.84 billion in Q3 2019. Over that same one-year period, the stock price rose 1.9%, from $112.68 to $114.85. The divergence between declining operating income and rising stock price indicates valuation expansion—the market assigned a higher multiple to each dollar of operating income. From March 1980 through June 2026, operating income and stock price have moved together with 0.83 correlation, suggesting the expansion is occurring within a generally aligned long-term relationship.
Trailing-12-month Operating Income was $1.4B as of 2020-08-01, -25% year over year. The stock moved +1.9% over the same window ($112.68 -> $114.85). The stock is now more richly valued relative to Operating Income than a year ago (multiple expansion).
Latest close: 418.90 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2020-08-01 | 1.4B USD | Q3 10-Q |
| 2020-05-02 | 1.4B USD | Q2 10-Q |
| 2020-02-01 | 1.5B USD | Q1 10-Q |
| 2019-11-02 | 1.7B USD | FY 10-K |
| 2019-08-03 | 1.8B USD | Q3 10-Q |
| 2019-05-04 | 1.9B USD | Q2 10-Q |
| 2019-02-02 | 1.9B USD | Q1 10-Q |
| 2018-11-03 | 1.9B USD | FY 10-K |
Sources: autario.com/data/stock-adi-analog-devices-daily-prices · autario.com/data/analog-devices-operating-income-sec-filings | data verified and hosted on autario.com.