Key Stats
- Market capitalization of approximately $126 billion as of November 2025
- Fiscal year 2024 revenue reached $9.43 billion
- Employs approximately 26,000 people globally
- Serves more than 100,000 customers across industrial, automotive, communications, and consumer markets
- Ranked as the second-largest analog semiconductor company worldwide with 13% market share
Analog Devices (ADI) stands as a global semiconductor leader specializing in data conversion, signal processing, and power management technology. The company manufactures analog, mixed-signal, and digital signal processing integrated circuits used across virtually all types of electronic equipment.
Headquartered in Wilmington, Massachusetts, ADI transforms real-world phenomena like light, sound, temperature, motion, and pressure into electrical signals. The company operates manufacturing facilities and design centers across North America, Europe, and Asia.
ADI products power critical applications in automotive safety systems, industrial automation, healthcare devices, and 5G communications infrastructure. The company maintains a portfolio of over 75,000 products serving diverse end markets worldwide.
Analog Devices History
The company traces its origins to 1965 when two MIT graduates started building electronic components in a Cambridge apartment basement. Over nearly six decades, ADI evolved from a small operational amplifier manufacturer into one of the semiconductor industry’s most prominent franchises.
Ray Stata and Matthew Lorber founded Analog Devices in Cambridge, Massachusetts. The company released its first product, the Model 101 operational amplifier, a hockey-puck sized module for test equipment.
ADI completed its initial public offering and became a publicly traded company. The company also entered the semiconductor business, shifting from modular op-amps to integrated circuits.
The company pioneered laser trim wafer technology and launched the first CMOS digital-to-analog converter. Ray Stata became chairman and CEO.
ADI listed on the New York Stock Exchange. Barrie Gilbert became the company’s first Technology Fellow, later known for inventing the Gilbert cell mixer.
Company revenue exceeded $1 billion for the first time. Jerald Fishman became president and CEO, a position he held until 2013.
ADI moved its listing from the NYSE to NASDAQ. The company led the worldwide data converter market with a 48.5% share.
ADI completed the $14.8 billion acquisition of Linear Technology, significantly expanding its power management and signal processing portfolio.
The company completed its acquisition of Maxim Integrated for approximately $21 billion, creating a combined entity with trailing twelve-month revenue exceeding $9 billion.
ADI acquired Flex Logix for embedded FPGA technology and announced a partnership with Tata Group to explore semiconductor manufacturing opportunities in India.
Analog Devices Co-founders
Ray Stata
MIT graduate who co-founded ADI and served as chairman from 1973 to 2022 and CEO from 1973 to 1996. Stata received the IEEE Founders Medal in 2003 and the Semiconductor Industry Association’s Robert N. Noyce Award in 2001.
Matthew Lorber
MIT classmate and roommate of Ray Stata who co-founded ADI. After the company went public, Lorber sold half of his stock and moved on to other ventures, preferring entrepreneurship over corporate administration.
Analog Devices Revenue
ADI generated $9.43 billion in fiscal year 2024 revenue, representing a 23% decline from the previous year due to customer inventory corrections across the semiconductor industry. The company maintains operating margins above 40%, demonstrating business model resilience during challenging market conditions.
Industrial customers represent the largest revenue segment at approximately 46%, followed by automotive at 30%. The communications and consumer segments account for the remaining revenue share. ADI expects revenue recovery in fiscal 2025 as inventory headwinds subside.
Analog Devices Marketcap
ADI achieved a market capitalization of approximately $126 billion as of November 2025, ranking as the world’s 155th most valuable company. The valuation reflects investor confidence in ADI’s position as a leading analog semiconductor manufacturer serving high-growth markets including automotive electrification and industrial automation.
Analog Devices Acquisitions
ADI has completed 16 acquisitions throughout its history, with strategic deals transforming the company into an analog semiconductor powerhouse. The acquisition strategy focuses on expanding technology capabilities and market reach while achieving operational synergies.
The 2017 acquisition of Linear Technology for $14.8 billion marked a watershed moment for ADI. Linear Technology brought expertise in power management, high-performance amplifiers, and data converters. This deal elevated ADI to the second-largest position in the analog semiconductor market behind Texas Instruments.
The 2021 acquisition of Maxim Integrated for approximately $21 billion further consolidated ADI’s market position. Maxim contributed automotive connectivity solutions, data center power management, and industrial automation products. The combined entity now operates with more than 10,000 engineers developing solutions across sensor-to-cloud applications.
Other notable acquisitions include BCO Technologies, Signal Processing Associates, and Integrated Micro Instruments in 2000, along with the 2024 acquisition of Flex Logix for embedded FPGA technology. Each acquisition expanded ADI’s product portfolio and technical capabilities across diverse semiconductor applications. The company’s acquisition approach emphasizes long-term value creation through technology integration rather than short-term financial engineering.
Analog Devices Competitors
ADI competes in the global analog semiconductor market against established players spanning North America, Europe, and Asia. The competitive landscape features companies with strong positions in power management, signal processing, and mixed-signal integrated circuits.
FAQs
Who founded Analog Devices?
Ray Stata and Matthew Lorber founded Analog Devices in 1965. Both were MIT graduates who started the company in the basement of a Cambridge, Massachusetts apartment building.
What does Analog Devices manufacture?
Analog Devices manufactures analog, mixed-signal, and digital signal processing integrated circuits. Products include data converters, amplifiers, power management ICs, sensors, and RF components.
Where is Analog Devices headquartered?
Analog Devices is headquartered in Wilmington, Massachusetts. The company operates regional headquarters in Shanghai, Munich, Limerick, and Tokyo with facilities worldwide.
What was Analog Devices revenue in 2024?
Analog Devices reported fiscal year 2024 revenue of $9.43 billion. This represented a 23% decline from 2023 due to industry-wide customer inventory corrections.
What major companies has Analog Devices acquired?
Analog Devices acquired Linear Technology for $14.8 billion in 2017 and Maxim Integrated for approximately $21 billion in 2021. These acquisitions transformed ADI into the second-largest analog semiconductor company globally.
