ADIAnalog Devices
Analog Devices, Inc. (we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers’ most complex engineering challenges. 10-K, Item 1
- Employees
- 24,500
- Headquarters
- Wilmington, MA
- CEO
- Vincent Roche
- Next results
- around Nov 24, 2026
The biggest changes in the 10-K filed 2025-11-25, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
21.6% → 26.6% (+5.0 pts) Big change FY to 2025-11-01 vs 2024-11-02The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Gross margin
57.1% → 61.5% (+4.4 pts) Big change FY to 2025-11-01 vs 2024-11-02“Gross margin percentage in fiscal 2025 increased by 440 basis points compared to fiscal 2024, primarily due to higher utilization of our factories due to increased customer demand as well as a decrease in amortization expense related to acquired intangible assets.”
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Net income
+38.7% Big change FY to 2025-11-01 vs 2024-11-02“Our effective tax rates for fiscal 2025 and fiscal 2024 were below the U.S. statutory rate of 21% due to lower statutory tax rates applicable to our operations in the foreign jurisdictions in which we earn income.”
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“The increase in net income in fiscal 2025 as compared to fiscal 2024 was a result of a $899.7 million increase in operating income and a $35.1 million decrease in nonoperating expense, partially offset by a $302.7 million increase in provision for income taxes.”
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Cash from operations
+24.9% Big change FY to 2025-11-01 vs 2024-11-02“The increase in cash provided by operating activities during fiscal 2025 as compared to fiscal 2024 was primarily a result of higher net income adjusted for noncash items and changes in working capital.”
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Revenue
+16.9% Big change FY to 2025-11-01 vs 2024-11-02“Revenue increased 17% in fiscal 2025 as compared to fiscal 2024 as a result of broad-based increase in demand for our products.”
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“Total revenue increased in fiscal 2025 as compared to fiscal 2024 in most regions due to broad-based demand increases as discussed above under the heading Revenue Trends by End Market.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on ADI in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
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