• Analog Devices average gross margin for 2023 was 65.14%, a 9.72% decline from 2022.
• Analog Devices average gross margin for 2022 was 59.37%, a 9.92% increase from 2021.
• Analog Devices average gross margin for 2021 was 65.91%, a 0.14% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.