ANALOG DEVICES INC（ADI）の決算・業績分析
ANALOG DEVICES INCの2025年有価証券報告書をAI分析。売上高$11.0B(+16.9%)。営業利益$2.9B。Information Technology。
目次
ANALOG DEVICES INCの2025年度 業績サマリー
ANALOG DEVICES INC（証券コード: ADI）の2025年度決算・業績分析。売上高は$11.0B（前年比+16.9%）。営業利益は$2.9B（前年比+44.3%）。純利益は$2.3B（前年比+38.7%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
ANALOG DEVICES INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $12.0B (+64.2% YoY) with operating income rising to $3.3B (+93.8% YoY) and net income hitting $2.7B (+97.7% YoY) (XBRL).
- Gross margin remained robust at 62.7%, while free cash flow reached $3.8B (XBRL).
- Shareholder returns totaled $4.1B, including $2.6B in share repurchases and $1.5B in dividends (XBRL).
ANALOG DEVICES INCの売上高変化の要因
- •Total revenue reached $12.0B (XBRL), up 64.2% YoY. The 10-K notes a 23% revenue decline in FY2024 compared to FY2023, attributed to weaker macroeconomic trends, reduced inventory in the Industrial segment, and delayed infrastructure projects in Communications. Segment revenue breakdown (10-K): Industrial $4.31B (46%), Automotive $2.83B (30%), Communications $1.08B (11%), and Consumer $1.20B (13%).
ANALOG DEVICES INCの営業利益変化の要因
- •Gross profit was $7.5B (XBRL) with a gross margin of 62.7%. Operating income rose to $3.3B (+93.8% YoY) (XBRL), but the 10-K reports a 35% YoY decline in operating income to $1.64B, citing lower revenue and higher costs. Net income reached $2.7B (+97.7% YoY) (XBRL), though the 10-K notes a 51% YoY decline to $1.64B due to lower revenue and margin pressures.
ANALOG DEVICES INCの事業リスクと対応
Global political/economic instability impacting international operations (10-K).
Compliance with complex export regulations and sanctions (10-K).
Currency exchange rate fluctuations and interest rate risks (10-K).
Global credit market instability affecting financing and customer payments (10-K).
Trade policy disputes, tariffs, and export restrictions, especially with China (10-K).
Export restrictions may harm competitive position by driving customers to non-U.S. suppliers (10-K).
ANALOG DEVICES INCの今後の見通し・業績予想
ANALOG DEVICES INCの事業内容
Analog Devices Inc (ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems using high-performance analog, mixed-signal, and digital signal processing technologies (10-K). Key products include data converters, amplifiers, power management ICs, RF ICs, edge processors, and sensors (10-K). The company leverages deep domain expertise, advanced manufacturing capabilities, and R&D-driven innovation as competitive advantages, supported by a team of over 13,000 engineers (10-K).
ANALOG DEVICES INCのAI業績分析レポート（2024年度）
Highlights
Business Overview
Analog Devices Inc (ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems using high-performance analog, mixed-signal, and digital signal processing technologies (10-K). Key products include data converters, amplifiers, power management ICs, RF ICs, edge processors, and sensors (10-K). The company leverages deep domain expertise, advanced manufacturing capabilities, and R&D-driven innovation as competitive advantages, supported by a team of over 13,000 engineers (10-K).
Revenue Analysis
Total revenue reached $12.0B (XBRL), up 64.2% YoY. The 10-K notes a 23% revenue decline in FY2024 compared to FY2023, attributed to weaker macroeconomic trends, reduced inventory in the Industrial segment, and delayed infrastructure projects in Communications. Segment revenue breakdown (10-K): Industrial $4.31B (46%), Automotive $2.83B (30%), Communications $1.08B (11%), and Consumer $1.20B (13%).
Profitability Analysis
Gross profit was $7.5B (XBRL) with a gross margin of 62.7%. Operating income rose to $3.3B (+93.8% YoY) (XBRL), but the 10-K reports a 35% YoY decline in operating income to $1.64B, citing lower revenue and higher costs. Net income reached $2.7B (+97.7% YoY) (XBRL), though the 10-K notes a 51% YoY decline to $1.64B due to lower revenue and margin pressures.
Balance Sheet Analysis
Equity ratio stood at 72.9% (XBRL), with a current ratio of 1.37x. Net debt was $4.9B (1.4x EBITDA) (XBRL), while cash reserves totaled $958M (XBRL). Long-term debt was $5.9B (XBRL).
Cash Flow Analysis
Operating cash flow reached $4.5B (XBRL), with free cash flow of $3.8B (XBRL). Capital expenditures were $699M (XBRL), and $4.1B was returned to shareholders via dividends ($1.5B) and share repurchases ($2.6B) (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was 138 days (XBRL), with receivables days at 45 days, inventory days at 134 days, and payables days at 40 days.
Risks
Outlook
Management highlights weaker macroeconomic trends, inventory reductions in the Industrial segment, and delayed infrastructure projects as key challenges for future results (10-K). No forward-looking guidance for FY2025 is provided (10-K).
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