ADI · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

ANALOG DEVICES INC · 2026-08-19 · Importance 66 · Surprise 48 · In source text

At August 1, 2026, cash, cash equivalents, and short-term investments totaled approximately $2.3 billion, including approximately $1.0 billion in the United States and approximately $1.3 billion held by foreign subsidiaries. Total debt was $9.222 billion, including $1.005 billion of commercial paper and $900.0 million of notes due in December 2026. Current liabilities increased to $5.7 billion from $3.2 billion at November 1, 2025, primarily because $1.3 billion of debt due within one year was reclassified as current and commercial paper and accrued liabilities increased. Analog Devices had access to aggregate $6.0 billion five-year and 364-day unsecured revolving facilities and complied with its debt and interest-coverage covenants.

Key facts

• Revolving credit agreements aggregate principal amount not to exceed $6.0 billion source
• Under commercial paper program maximum aggregate face amount: $3.0 billion and maturities up to 397 days source
• Revolving credit agreements contain interest coverage covenant requiring EBITDA to consolidated interest charges > 3.0 to 1.0 and company was in compliance as of August 1, 2026 source
• Total debt outstanding as of August 1, 2026: $9,222,181 source
• At August 1, 2026 cash, cash equivalents and short-term investments: $2.3 billion, of which approximately $1.0 billion was held in the United States source
• Net cash used for financing activities for nine months ended August 1, 2026: $(3,304,149) source
• Commercial paper notes outstanding as of August 1, 2026: $1,005,104 source
• Company held highly liquid investments including money market funds and corporate and bank obligations as part of cash, cash equivalents and short-term investments source

Impact estimates