{
  "url": "https://struct.news/briefs/adis-shares-fell-35-as-six-month-profits-surged-cash-conversion-got-messier",
  "title": "ADI’s shares fell 3.5% as six-month profits surged. Cash conversion got messier.",
  "summary": "Accounts receivable jumped 50.8% and capex more than doubled as Analog Devices expanded alongside stronger demand.",
  "published_at": "2026-08-19T11:06:05.236218+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Analog Devices, Inc.",
    "ticker": "ADI",
    "cik": "6281",
    "sector": "Technology",
    "industry": "Semiconductors"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-05-20",
    "accession": "0000006281-26-000052",
    "url": "https://www.sec.gov/Archives/edgar/data/6281/000000628126000052/adi-20260502.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2026-02-18",
    "url": "https://www.sec.gov/Archives/edgar/data/6281/000000628126000016/adi-20260131.htm"
  },
  "reported_figures": [
    {
      "group": "ADI’s price against the latest filing",
      "label": "Last close",
      "value": 376.635,
      "display": "$376.63",
      "unit": "usd_per_share",
      "period": "2026-08-18",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-18"
      }
    },
    {
      "group": "ADI’s price against the latest filing",
      "label": "One-day move",
      "value": -3.4912622354327905,
      "display": "-3.5%",
      "unit": "percent",
      "period": "2026-08-18",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-08-18"
      }
    },
    {
      "group": "ADI’s price against the latest filing",
      "label": "P/E",
      "value": 82.50982613783012,
      "display": "82.5x",
      "unit": "multiple",
      "period": "2025-11-01",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000006281-26-000052",
        "filing_date": "2026-05-20"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Inventory rose 4.6% as ADI said it built levels to support increased demand.",
      "importance": "medium",
      "evidence": "Inventory increased primarily as a result of building inventory levels to support increased demand.",
      "source_date": "2026-05-20"
    },
    {
      "type": "liquidity_financing",
      "statement": "Debt due in December 2026 was reclassified into current liabilities, which rose to $4.5 billion at May 2, 2026.",
      "importance": "medium",
      "evidence": "Current liabilities increased to $4.5 billion at May 2, 2026 as compared to $3.2 billion at the end of fiscal 2025 primarily due to the reclassification of $0.9 billion of debt due in December 2026 to current liabilities",
      "source_date": "2026-05-20"
    },
    {
      "type": "demand",
      "statement": "ADI said revenue growth reflected a broad-based increase in demand, with all Industrial sub-markets contributing and test equipment plus aerospace and defense growing fastest.",
      "importance": "medium",
      "evidence": "Revenue increased 37% and 34% in the three- and six-month periods ended May 2, 2026 as compared to the same periods of the prior fiscal year as a result of a broad-based increase in demand for our products, notably within all Industrial",
      "source_date": "2026-05-20"
    },
    {
      "type": "product_pipeline",
      "statement": "R&D rose 9.0% for the six months, primarily because of higher R&D employee-related variable compensation expenses.",
      "importance": "medium",
      "evidence": "R&D expenses increased in the three- and six-month periods ended May 2, 2026, as compared to the same periods of the prior fiscal year, primarily as a result of higher R&D employee-related variable compensation expenses.",
      "source_date": "2026-05-20"
    }
  ],
  "related_tickers": [
    "ADI"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}