Analog Devices, Inc. (ADI) is a global semiconductor company that designs, manufactures, and markets a wide portfolio of integrated circuits (ICs), software, and subsystems. These leverage high-performance analog, mixed-signal, and digital signal processing technologies. ADI's products are used in various applications, including industrial automation, instrumentation and measurement, aerospace and defense, healthcare, energy management, automotive, communications, and consumer electronics. The company focuses on solving complex engineering challenges at the intersection of the physical and digital worlds by providing building blocks to sense, measure, interpret, connect, and power.

ADI's competitive advantages include its technical innovation, product performance and reliability, strong customer service, and technical support. The company's strategy revolves around efficient capital allocation, customer-centricity, and capitalizing on secular trends such as the increasing demand for data at the Intelligent Edge.

• Employees: Approximately 24,000 (as of November 2, 2024)
• Geographic Footprint: Operates in approximately 50 countries
• Headquarters: Wilmington, Massachusetts
• Founded: 1965
• Manufacturing Facilities: Primarily in the United States, Ireland, and Southeast Asia
• Revenue: $9.43 billion (FY2024)
• Key Subsidiaries/Brands: Maxim Integrated Products, Inc.

Leadership information is not available in the provided 10-K excerpt.

• Annual Revenue: $9.43 billion (FY2024), a decrease of 23% compared to FY2023
• Net Income: $1.64 billion (FY2024), a decrease of 51% compared to FY2023
• Total Assets: $48.23 billion (FY2024)
• Key Financial Highlights: Weaker macroeconomic trends impacting demand, lower utilization of factories due to decreased customer demand, and unfavorable product mix affecting gross margin.

Analog Devices, Inc. offers a broad portfolio of over 75,000 SKUs, categorized as follows:

• Analog and Mixed Signal: Data converter products, translating analog signals to digital data and vice-versa. This is ADI's largest and most diverse product family.
• Power Management & Reference: Products for efficient power management and conversion in automotive, communications, industrial, and high-end consumer markets.
• Amplifiers/RF and Microwave: High-performance amplifiers for conditioning analog signals, including precision, instrumentation, high-speed, intermediate frequency/RF/microwave, and broadband amplifiers.
• Sensors & Actuators: Products based on MEMS technology, including accelerometers, gyroscopes, and inertial measurement units, along with other high-performance sensors and isolators.
• Digital Signal Processing and System Products (DSPs): Optimized for high-speed numeric calculations essential for real-time processing of digital data.
• Interface: Analog ICs that modify or shape signals to ensure signal integrity for transmission.

Analog Devices, Inc. operates as a single reportable segment.

ADI's key strategic priorities include:

• Efficient use of capital: Focus on research and development (R&D) and strategic acquisitions to drive innovation and long-term value creation.
• Deepening customer-centricity: Close customer relationships influence all aspects of the business, from product development to manufacturing.
• Capitalizing on secular trends: Positioning to capitalize on growth trends in digitized factories, mobility, digital healthcare, climate change solutions, and connectivity.

ADI operates in the highly competitive semiconductor industry. Key competitors include other semiconductor companies, some of which may have more advantageous supply or development relationships. The industry is subject to rapid technological change and cyclical market patterns.

• Global political and economic uncertainty: International operations and sales expose ADI to political, legal, and economic changes, crises, or instability, as well as trade policy and regulatory changes.
• Cyclical semiconductor market: Demand fluctuations can lead to overcapacity and lower prices or inability to meet demand.
• Supply chain disruptions: Reliance on third-party suppliers for raw materials, parts, and services creates vulnerability to disruptions.
• Cybersecurity threats: ADI's computer systems and networks are susceptible to security breaches and other cyber incidents.
• Competition: Intense competition in the semiconductor industry, including from companies with significant resources and government-backed initiatives.