Analog Devices (ADI) Stock Buyback History
TTM buyback yield 2.00% · Shareholder yield (TTM) 2.00%.
TTM buyback yield
2.00%
Shareholder yield (TTM)
2.00%
5Y share count change
-5.1%
TTM buyback spend
$3.05B
SBC coverage (TTM)
9.00x
YoY change in spend
+251.6%
5Y CAGR of spend
+54.7%
Peak year (2021)
$3.11B
Cumulative spend
$18.24B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Analog Devices (ADI) repurchased about $3.05B of stock over the trailing twelve months.
- Diluted share count is down 5.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 9.00× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +54.7% per year over the latest 5-year window.
- TTM repurchases used about 119% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $2.16B | $321.56M | $1.84B | 0.50B | -0.4% | 1.88% |
| 2024 | $615.59M | $262.71M | $352.88M | 0.50B | -1.4% | 0.55% |
| 2023 | $2.96B | $299.82M | $2.66B | 0.51B | -3.3% | 3.71% |
| 2022 | $2.58B | $323.49M | $2.25B | 0.52B | 30.4% | 3.47% |
| 2021 | $3.11B | $243.61M | $2.86B | 0.40B | 7.9% | 3.70% |
| 2020 | $244.49M | $149.52M | $94.97M | 0.37B | -0.2% | 0.56% |
| 2019 | $613.00M | $150.30M | $462.70M | 0.37B | 19.4% | 1.52% |
| 2018 | $225.98M | $151.16M | $74.81M | — | — | 0.70% |
| 2017 | $46.53M | $104.19M | −$57.66M | 0.31B | -1.4% | 0.14% |
| 2016 | $370.06M | $63.42M | $306.64M | — | — | 1.89% |
| 2015 | $226.95M | $68.92M | $158.03M | 0.32B | 3.6% | 1.21% |
| 2014 | $356.35M | $50.81M | $305.53M | — | — | 2.31% |
| 2013 | $60.53M | $56.89M | $3.64M | — | — | 0.39% |
| 2012 | $161.05M | $53.50M | $107.55M | — | — | 1.33% |
| 2011 | $330.49M | $52.36M | $278.13M | — | — | 2.94% |
| 2010 | $39.85M | $51.75M | −$11.90M | 0.31B | 4.5% | 0.40% |
| 2009 | $3.76M | $48.61M | −$44.85M | 0.29B | -1.5% | 0.05% |
| 2008 | $569.85M | $0.00 | $569.85M | 0.30B | -10.6% | 9.16% |
| 2007 | $1.65B | $0.00 | $1.65B | 0.33B | -10.4% | 16.74% |
| 2006 | $1.02B | $0.00 | $1.02B | 0.37B | -3.3% | 9.72% |
| 2005 | $525.49M | $0.00 | $525.49M | 0.38B | -2.4% | 4.15% |
| 2004 | $137.08M | $0.00 | $137.08M | 0.39B | 10.4% | 0.91% |
| 2003 | $52.00K | $0.00 | $52.00K | — | — | 0.00% |
| 2002 | $97.75M | $0.00 | $97.75M | — | — | 0.97% |
| 2001 | $21.83M | $0.00 | $21.83M | — | — | 0.15% |
| 2000 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1999 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1998 | $84.20M | $0.00 | $84.20M | 0.36B | — | — |
| 1997 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1996 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1991 | $900.00K | $0.00 | $900.00K | — | — | — |
| 1990 | $14.20M | $0.00 | $14.20M | — | — | — |
| 1989 | $8.70M | $0.00 | $8.70M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Analog Devices (ADI) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Analog Devices (ADI)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Analog Devices (ADI)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.16B | +251.6% | +$1.55B | ||
| 2024 | $615.59M | -79.2% | -$2.35B | ||
| 2023 | $2.96B | +15.0% | +$386.94M | ||
| 2022 | $2.58B | -17.0% | -$528.13M | ||
| 2021 | $3.11B | +1170.1% | +$2.86B | ||
| 2020 | $244.49M | -60.1% | -$368.52M | ||
| 2019 | $613.00M | +171.3% | +$387.03M | ||
| 2018 | $225.98M | +385.6% | +$179.44M | ||
| 2017 | $46.53M | -87.4% | -$323.53M | ||
| 2016 | $370.06M | +63.1% | +$143.11M | ||
| 2015 | $226.95M | -36.3% | -$129.39M | ||
| 2014 | $356.35M | +488.7% | +$295.82M | ||
| 2013 | $60.53M | -62.4% | -$100.52M | ||
| 2012 | $161.05M | -51.3% | -$169.44M | ||
| 2011 | $330.49M | +729.4% | +$290.64M | ||
| 2010 | $39.85M | +959.2% | +$36.09M | ||
| 2009 | $3.76M | -99.3% | -$566.09M | ||
| 2008 | $569.85M | -65.4% | -$1.08B | ||
| 2007 | $1.65B | +60.7% | +$622.23M | ||
| 2006 | $1.02B | +95.1% | +$499.49M | ||
| 2005 | $525.49M | +283.3% | +$388.41M | ||
| 2004 | $137.08M | +263521.2% | +$137.03M | ||
| 2003 | $52,000 | -99.9% | -$97.70M | ||
| 2002 | $97.75M | +347.8% | +$75.92M | ||
| 2001 | $21.83M | — | +$21.83M | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | -100.0% | -$84.20M | ||
| 1998 | $84.20M | — | +$84.20M | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | -100.0% | -$900,000 | ||
| 1991 | $900,000 | -93.7% | -$13.30M | ||
| 1990 | $14.20M | +63.2% | +$5.50M | ||
| 1989 | $8.70M | — | — |
Analog Devices (ADI) most recent annual buyback spend stands at $2.16B (2025) – surged 251.6% year-over-year.
Through 2020–2025 (5 years), Analog Devices buyback spend delivered a +54.7% annualised rate; with the latest reading among the more recent periods of the dataset.
Analog Devices buyback spend peaked at $3.11B in 2021; the latest annual figure is $2.16B in 2025 (30.3% below peak).
Across the available history, buyback spend reached its high of $3.11B in 2021 and its low of $0 in 1992.
Among 8 Technology peers, Analog Devices (ADI) ranks 6th; the peer median for buyback spend is $6.01B.
Analog Devices Buyback Spend 2025: $2.16B
Analog Devices buyback spend in 2025 was $2.16B, surged 251.6% from 2024.
Analog Devices Buyback Spend 2024: $615.59M
Analog Devices buyback spend in 2024 was $615.59M, plunged 79.2% below 2023.
Analog Devices Buyback Spend 2023: $2.96B
Analog Devices buyback spend in 2023 was $2.96B, grew 15.0% from 2022.
Analog Devices Buyback Spend 2022: $2.58B
Analog Devices buyback spend in 2022 was $2.58B, declined 17.0% below 2021.
Analog Devices Buyback Spend 2021: $3.11B
Analog Devices buyback spend in 2021 was $3.11B.
See more financial history for Analog Devices (ADI).
Sector peers by buyback spend
Companies in the same sector as Analog Devices, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Apple (AAPL) | $90.71B | Technology |
| NVIDIA (NVDA) | $40.09B | Technology |
| Microsoft (MSFT) | $18.42B | Technology |
| Broadcom (AVGO) | $6.31B | Technology |
| ASML (ASML) | $5.72B | Technology |
| AMD (AMD) | $1.32B | Technology |
| TSMC (TSM) | $0 | Technology |
| Micron Technology (MU) | $0 | Technology |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 9.00×.
Capital allocation mix
How Analog Devices splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.57B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Analog Devices's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Analog Devices buy back its own stock?
Yes, Analog Devices (ADI) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Analog Devices spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $3.05B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Analog Devices's buyback yield?
TTM buyback yield is about 2.00% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Analog Devices's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.00% combined (TTM-based where available).
Is Analog Devices diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Analog Devices's share count changed?
Diluted weighted average shares changed by about -5.1% over roughly five fiscal years (annual income statement data).
What is Analog Devices's buyback spend?
Latest reported buyback spend for Analog Devices (ADI) is $3.05B (period ending May 2, 2026).
How has Analog Devices buyback spend changed year-over-year?
Analog Devices (ADI) buyback spend changed +251.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Analog Devices buyback spend?
Analog Devices (ADI) buyback spend compound annual growth rate is +54.7% over the most recent 5 years available.
When did Analog Devices buyback spend hit its highest annual value?
Analog Devices buyback spend reached its highest annual value of $3.11B in 2021.
What was Analog Devices buyback spend in 2024?
Analog Devices (ADI) buyback spend in 2024 was $615.59M.
What was Analog Devices buyback spend in 2025?
Analog Devices (ADI) buyback spend in 2025 was $2.16B.
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