Analog Devices (ADI) FY2024 results: revenue $9.4 billion, down 23.4% on the year
Analog Devices Inc. (ADI) reported revenue of $9.4 billion for fiscal 2024, the year ended 2 November 2024, down 23.4% on the year before. Net income was $1.6 billion, down 50.7%, and diluted earnings per share $3.28. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2024.
Revenue
$9.4 billion
-23.4% on the year
FY2017FY2024
Operating margin
21.6%
31.1% a year earlier
FY2017FY2024
Net income
$1.6 billion
-50.7% on the year
FY2017FY2024
Diluted EPS
$3.28
-49.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,853
4,818
4,475
-20.0%
Capital expenditure
730
1,261
699
-42.1%
Free cash flow
3,122
3,556
3,776
-12.2%
Free cash flow margin
33.1%
28.9%
31.4%
Cash from investing
-1,105
-1,266
-657
Cash from financing
-1,714
-4,064
-4,291
Depreciation and amortisation
2,104
2,293
2,297
-8.2%
Share-based compensation
263
300
323
-12.4%
Buybacks
616
2,964
2,577
-79.2%
Dividends paid
1,795
1,679
1,545
+6.9%
Dividend per share
$3.62
$3.34
$2.97
+8.4%
Diluted shares, weighted
499m
506m
523m
-1.4%
Shares outstanding at period end
496m
496m
509m
+0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
35,176
35,565
36,465
-1.1%
Debt
7,582
6,949
6,577
+9.1%
Operating lease liabilities
319
360
337
-11.6%
Other liabilities
5,152
5,920
6,923
-13.0%
Total liabilities and equity
48,228
48,794
50,302
-1.2%
Fixed assets
3,416
3,219
2,401
+6.1%
Goodwill
26,910
26,913
26,913
-0.0%
Intangible assets
9,585
11,312
13,265
-15.3%
Investments
372
0.0
122
Cash and equivalents
1,991
958
1,471
+107.9%
Receivables
1,336
1,470
1,800
-9.1%
Inventory
1,448
1,642
1,400
-11.8%
Other assets
3,170
3,280
2,929
-3.4%
Total assets
48,228
48,794
50,302
-1.2%
10-K for the year ended 2 November 2024, filed 26 November 2024: the filing.