Short answer
Analog Devices (ADI) filed its fiscal 2025 10-K annual report with the SEC on Nov 25, 2025. It reported revenue of $11.0B (+16.9% year over year) and net income of $2.3B.
- Top risk flagged: Cybersecurity risk oversight by audit committee with quarterly or more frequent reports of incidents and mitigation efforts
FY2025 key financial metrics · XBRL
- Revenue
- $11.0B
- +16.9% YoY
- Net income
- $2.3B
- +38.7% YoY
- Operating margin
- 26.6%
- +5.0 pp YoY
- Gross margin
- 61.5%
- +4.4 pp YoY
- EPS (diluted)
- $4.56
- +39.0% YoY
- ROE
- 6.7%
- +2.1 pp YoY
- Operating cash flow
- $4.8B
- +24.9% YoY
Source: XBRL data from the Analog Devices (ADI) FY2025 10-K on SEC EDGAR. USD.
Analog Devices FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Design and manufacture of high-performance analog, mixed-signal, power management, RF ICs and software solutions targeting intelligent edge applications
- New product emphasis: Launch of CodeFusion Studio 2.0 embedded development platform and Power Studio digital design ecosystem in fiscal 2025
- Strategic shift: Evolving from component supplier to full-system, AI-driven solutions provider focused on autonomous operation and enhanced system responsiveness
- Quantitative metric: Engineering talent of approximately 13,000 engineers supporting R&D innovation and customer integration
- Noteworthy fact: Fiscal 2025 was a 52-week period, one week shorter than prior fiscal 2024's 53 weeks impacting year-over-year operational comparisons
Management Discussion & Analysis
- Revenue $11.02B, up 17% YoY from $9.43B, driven by broad-based demand increases across markets
- Gross margin 61.5% vs 57.1%, up 440 bps due to higher factory utilization and decreased amortization expense
- Best performing segment Communications, revenue $1.38B, up 26% YoY; worst Consumer $1.43B, up 19% YoY (lowest % increase)
- Net income $2.27B, up 39% YoY; R&D $1.77B (16% of revenue), SMG&A $1.26B (11% of revenue), amortization $750M (7% of revenue)
- Increased special charges $70M (1% of revenue) from Global Repositioning Actions; management expects continued R&D investment for growth
Risk Factors
- Cybersecurity risk oversight by audit committee with quarterly or more frequent reports of incidents and mitigation efforts
- Enterprise security program led by CISO and CIO with escalation protocols and incident response plans for threat detection and remediation
- Regular Board updates from CIO, CISO, and audit committee on cybersecurity performance and risk management program status
Generated from the filing text; verify against the original. How to read a 10-K
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