Analog Devices (ADI) 10-K Summary — Year Ended Oct 28, 2023
Analog Devices filed its annual report for the most recent fiscal year. The filing indicates a slight revenue growth and improved cash flow generation relative to the prior year.
Key takeaway
Year ended Oct 28, 2023 · FY2025 10-K
Analog Devices filed its annual report for the most recent fiscal year. The filing indicates a slight revenue growth and improved cash flow generation relative to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$12.3B
Revenue reported for the fiscal year.
Operating income
$3.8B
Income from operations reported for the year.
Net income
$3.3B
Net income reported for the year.
Operating cash flow
$4.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 30, 2021 | $7.3B | n/a |
| Oct 29, 2022 | $12B | +64.2% |
| Oct 28, 2023 | $12.3B | +2.4% |
Business overview
The supplied excerpt from the filing's Business section only lists item numbers and does not contain a narrative description of the company's operations. Therefore, no specific business activities are available from this data.
Financial performance
Revenue for the most recent period was higher than the preceding period, though the growth rate decreased. Operating income and net income were reported at levels consistent with the revenue figure, while operating cash flow also increased, and its proportion of revenue improved compared to the previous year.
Material risks
The filing's risk factors section is not provided in the supplied data. The only risk-related discussion appears in the liquidity section, where the company states that it does not expect current regulatory restrictions or taxes on repatriation to materially affect its liquidity or results.
Liquidity and capital
The company's primary liquidity source is cash and equivalents, with a portion held domestically and the remainder overseas. Management believes that current liquidity, along with expected operating cash flows and available financing, will support operations and capital needs for the coming year.
What to watch
The pace of revenue change is a key metric to watch in the next filing, given the deceleration in the most recent period.