Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Analysis of Revenues

Microsoft Excel

Revenues as Reported

Analog Devices Inc., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Nov 1, 2025 Nov 2, 2024 Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020
Industrial
Automotive
Consumer
Communications
Revenue

Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31).


Overall Revenue Trend
The total revenue demonstrated significant growth from approximately $5.6 billion in 2020 to a peak of around $12.3 billion in 2023. However, there was a noticeable decline in 2024 to about $9.4 billion, followed by a partial recovery in 2025 reaching approximately $11.0 billion.
Industrial Segment
The Industrial segment showed strong growth through 2023, increasing from approximately $3.0 billion in 2020 to over $6.5 billion in 2023. In 2024, revenue in this segment sharply decreased to about $4.3 billion, then increased moderately in 2025 to nearly $4.9 billion. This indicates some volatility following the rapid expansion.
Automotive Segment
The Automotive segment exhibited consistent and robust growth every year, rising from approximately $779 million in 2020 to around $3.3 billion in 2025. Despite a slight dip between 2023 and 2024, the overall trajectory is strongly positive, suggesting increasing demand or market penetration.
Consumer Segment
Consumer revenue increased notably from about $640 million in 2020 to a peak of approximately $1.5 billion in 2022. This was followed by a decline in 2023 and 2024 to slightly above $1.2 billion, with some recovery in 2025 to nearly $1.4 billion. The pattern indicates some inconsistency but overall upward movement.
Communications Segment
The Communications segment showed growth from roughly $1.2 billion in 2020 to a peak nearing $1.9 billion in 2022. Subsequently, revenues declined sharply over the next two years, reaching below $1.1 billion in 2024, and then partially rebounded to almost $1.4 billion in 2025. The fluctuation suggests sensitivity to market or industry conditions.
Segment Contribution Dynamics
The Industrial segment consistently contributed the largest share to the total revenue. Automotive and Consumer segments displayed rapid growth, especially Automotive, which nearly quadrupled over the six-year period. Communications, while initially significant, demonstrated the most pronounced volatility. The overall revenue trend is influenced heavily by the performance of the Industrial and Automotive segments.