Analog Devices (ADI) FY2025 10-K Annual Report
Analog Devices (ADI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Analog Devices FY2025 10-K Analysis
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
Analog Devices FY2025 Key Financial MetricsXBRL
Revenue
$11.0B
▲ +16.9% YoY
Net Income
$2.3B
▲ +38.7% YoY
Gross Margin
61.5%
▲ +438bp YoY
Operating Margin
26.6%
▲ +505bp YoY
Net Margin
20.6%
▲ +323bp YoY
ROE
6.7%
▲ +206bp YoY
Total Assets
$48.0B
▼ -0.5% YoY
EPS (Diluted)
$4.56
▲ +39.0% YoY
Operating Cash Flow
$4.8B
▲ +24.9% YoY
Source: XBRL data from Analog Devices FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Analog Devices
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.