Analog Devices, Inc.
analog.comWhat Do They Do?
Designs and sells semiconductor chips, software and subsystems that sense, measure, process and connect signals for equipment makers and companies building electronic systems.
10-K for FY2025, filed Nov 25, 2025Analog Devices, Inc. (we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers’ most complex…View ↗
Our ICs are designed to address a wide range of real-world signal processing applications. We sell our ICs to customers worldwide, many of…View ↗
Our analog and mixed-signal IC technology have been the foundation of our business for six decades, and we are one of the world’s largest…View ↗
How Do They Make Money?
Most customers pay for chips when they ship or are delivered; government, government contractors and certain commercial customers pay as units are delivered or work progresses.
10-K for FY2025, filed Nov 25, 2025Recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to…View ↗
Revenue from contracts with the United States government, government prime contractors and certain commercial customers is recorded over…View ↗
Performance Obligations: Substantially all of the Company’s contracts with customers contain a single performance obligation, the sale of…View ↗
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10-K for FY2025, filed Nov 25, 2025
FY2025 revenue by reportable segment ↗
$11B
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10-K for FY2025, filed Nov 25, 2025
$11B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Industrial
Sold outright
10-K for FY2025, filed Nov 25, 2025 |
45%
FY2022: 52%
|
Industrial, FY2025
$4.9B Sources
|
Sold outright |
|
Automotive
Sold outright
10-K for FY2025, filed Nov 25, 2025 |
30%
FY2022: 20%
|
Automotive, FY2025
$3.3B Sources
|
Sold outright |
|
Consumer
Sold outright
10-K for FY2025, filed Nov 25, 2025 |
13%
FY2022: 13%
|
Consumer, FY2025
$1.4B Sources
|
Sold outright |
|
Communications
Sold outright
10-K for FY2025, filed Nov 25, 2025 |
13%
FY2022: 15%
|
Communications, FY2025
$1.4B Sources
|
Sold outright |
Who Are Their Customers?
Original equipment makers and companies building electronic subsystems are customers. ADI sells through direct sales, distributors, independent sales representatives and its website; distributors buy products to resell.
10-K for FY2025, filed Nov 25, 2025Our analog and mixed-signal IC technology have been the foundation of our business for six decades, and we are one of the world’s largest…View ↗
We sell our products globally through a direct sales force, third-party distributors, independent sales representatives and via our…View ↗
These distributors typically maintain an inventory of our products. Some of them also sell products that compete with our products…View ↗
The following table summarizes revenue by sales channel. We sell our products globally through a direct sales force, third-party…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 21 cents of every revenue dollar as net income in FY2025 and turned 39 cents into free cash flow.
10-K for FY2025, filed Nov 25, 2025
$2.9BView ↗
10-K for FY2025, filed Nov 25, 2025
$2.3BView ↗
10-K for FY2025, filed Nov 25, 2025
$4.3BView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 19, 2026
$1.3BView ↗
- ▲ +158%
- vs $518.5M in Q3 FY2025
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Sep 9, 2026
Agreed to acquire Alif Semiconductor
The proposed all-cash deal adds low-power microcontrollers and fusion processors with integrated AI acceleration; it remains subject to closing conditions.
Sources
8-K, filed Sep 9, 2026
WILMINGTON, Mass. and PLEASANTON, Calif., September 9, 2026 – Analog Devices, Inc. (NASDAQ: ADI) and Alif Semiconductor today announced…View ↗
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Aug 19, 2026
Set a fourth-quarter financial outlook
At the midpoint, it forecasts revenue of $4.3 billion, reported operating margin of approximately 42.6% +/-150 bps and reported earnings per share of $3.14 +/-$0.15.
Sources
8-K, filed Aug 19, 2026
For the fourth quarter of fiscal 2026, we are forecasting revenue of $4.3 billion, +/- $100 million. At the midpoint of this revenue…View ↗
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May 19, 2026
Agreed to acquire Empower Semiconductor
The proposed all-cash acquisition adds integrated voltage regulators and power-management solutions; closing is expected in the second half of calendar year 2026, subject to conditions.
Sources
8-K, filed May 19, 2026
WILMINGTON, Mass. & MILPITAS, Calif. – May 19, 2026 – Analog Devices, Inc. (NASDAQ: ADI) and Empower Semiconductor today announced that…View ↗
Growing. Revenue grew 51% in 4 years, from $7.3B in FY2021 to $11B in FY2025, about 11% a year.
Software and digital platforms
The older report lists chip and digital signal processing product categories; the latest adds software, digital platforms and AI capabilities, including embedded-development and power-design tools.
10-K for FY2022, filed Nov 22, 2022 10-K for FY2025, filed Nov 25, 2025
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