Analog Devices, Inc. (ADI)财务
NASDAQ · Technology · Semiconductors · 员工24,500人 · CEO Vincent T. Roche
- 股价
- $417.11 -3.73%
- 市值
- $2020亿
- 企业价值
- $2090亿
- 最近财报
- Q3 '26 2026-08-19提交
- 下次财报
- 2026-11-24 EPS预期 $3.89
营收(TTM)$139亿+33.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)35.5%+10.9 百分点 对比去年同期营业利润 $49.3亿
净利润(TTM)$41.4亿+111.2% 对比去年同期税后,含营业外收益
自由现金流(TTM)$49.4亿+34.2% 对比去年同期资本支出 $6.08亿
稀释EPS(TTM)$8.43+115.1% 对比去年同期最近4个季度之和
净现金-$68亿-30.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $2020亿 EV $2090亿
- 营收
- $139亿 过去12个月
- 营收增速
- +37% FY2026年一致预期
- 净利润率
- 29.8% 净利润 / 营收,TTM
- P/E
- 49.2× 预期 32.4×(FY2026)
- P/S
- 14.6× 股价 / 营收,TTM
- EV / EBITDA
- 29.8× TTM
- 自由现金流
- $49.4亿 过去12个月
- 净利润
- $41.4亿 过去12个月
- 营收预期
- $151亿 FY2026年一致预期
- 盈利
- 2026-11-24 营收预期 $43.2亿
- 股息
- $4.29 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-19):营收超预期2.6%,EPS 超预期3.3%营收$40.2亿,预期$39.2亿(+2.6%);EPS $3.45,预期$3.34(+3.3%)。
- 营收增长加速:同比39.6%Q3 '26营收$40.2亿,此前四个季度的平均值为29.5%。
- 营业利润率35.5%(TTM),较去年同期+10.9 百分点营收增长33.6%,营业利润增长93.0%。
- 资本支出占营收的4.4%(去年为4.7%)最近4个季度投入$6.08亿(同比+25.6%)。自由现金流$49.4亿,相当于净利润的119.4%。
- 股东回报$51.7亿 = 自由现金流的104.7%回购$31.3亿(去年为$15.8亿),股息$20.4亿,股权激励$3.5亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少1.3%Q3 '26稀释股数4.9亿,一年前为4.97亿。
- 净债务 $68亿现金 + 短期投资 $23.2亿,含租赁债务 $91.2亿;一年前净债务 $52.2亿。
上一季度:Q3 '26
截至2026-08-01的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $40.2亿 | $28.8亿 | +39.6% |
| 毛利率 | 67.3% | 62.1% | +5.2 百分点 |
| 营业利润 | $16.1亿 | $8.18亿 | +97.2% |
| 营业利润率 | 40.1% | 28.4% | +11.7 百分点 |
| 净利润 | $13.4亿 | $5.19亿 | +158.4% |
| 稀释EPS | $2.74 | $1.04 | +163.5% |
| 经营现金流 | $16亿 | $11.7亿 | +37.7% |
| 资本支出 | $1.46亿 | $7920万 | +84.0% |
| 自由现金流 | $14.6亿 | $10.9亿 | +34.3% |
| R&D | $5.33亿 | $4.54亿 | +17.4% |
| 股权激励费用 | $9630万 | $8470万 | +13.6% |
实际 vs 一致预期
2026-08-19| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $40.2亿 | $39.2亿 | +2.6% |
| EPS(一致预期口径) | $3.45 | $3.34 | +3.3% |
来自2026-08-19发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q4 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Industrial | $14.1亿 | +34.9% | 45.8% | $49.3亿 | +14.3% | |
| Automotive | $8.45亿 | +11.3% | 27.5% | $32.8亿 | +15.9% | |
| Communications | $4亿 | +48.0% | 13.0% | $13.8亿 | +27.5% | |
| Consumer | $4.22亿 | +14.3% | 13.7% | $14.3亿 | +19.1% |
按地区划分的营收
占总额比例| 分部 | Q4 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $5.39亿 | -12.5% | 33.7% | $21.1亿 | +5.3% | |
| Europe | $3.74亿 | +8.2% | 23.4% | $14.7亿 | +21.5% | |
| CHINA | $3.34亿 | +32.8% | 20.9% | $12.1亿 | +43.6% | |
| JAPAN | $1.79亿 | +6.8% | 11.2% | $7.16亿 | +41.5% | |
| Rest of Asia | $1.45亿 | +7.8% | 9.1% | $5.94亿 | +33.4% | |
| Rest of North and South America | $2610万 | -1.6% | 1.6% | $1.03亿 | +0.3% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $55.5亿
- 资本支出
- -$6.08亿
- 股票回购
- -$31.3亿
- 股息
- -$20.4亿
- 收购
- -$15.4亿
- 债务净发行
- $4.56亿
- 股权激励费用
- $3.5亿
- 自由现金流
- $49.4亿
- 股东回报 / FCF
- 104.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 49.2× | 44.1× | 24.3× – 68.3× |
| EV / EBITDA | 29.8× | 21.8× | 14.1× – 28.5× |
| EV / 营收 | 15.1× | 9.5× | 6.7× – 12.5× |
| 股价 / FCF | 40.9× | 26.9× | 19.9× – 35.8× |
| 股价 / 净资产 | 6.1× | 2.5× | 1.8× – 3.4× |
| FCF收益率 | 2.4% | 3.9% | 2.8% – 5.0% |
| 投入资本回报率 | 9.6% | 5.3% | 3.4% – 7.5% |
| 净资产收益率 | 12.3% | 6.4% | 3.7% – 9.3% |
分析师
一致目标价 $480.24 (+15.1%)
区间 $405.00 – $675.00 · 评级 Buy
强烈买入0
买入45
持有9
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $151亿 | +37.3% | $12.88 | +182.5% | 32.4× | 19 |
| FY2027 | $186亿 | +22.9% | $16.82 | +30.6% | 24.8× | 20 |
| FY2028 | $208亿 | +12.0% | $19.93 | +18.5% | 20.9× | 10 |
| FY2029 | $234亿 | +12.2% | $21.79 | +9.4% | 19.1× | 4 |
| FY2030 | $251亿 | +7.4% | $23.90 | +9.7% | 17.5× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Analog Devices, Inc.在近期10-Q / 10-K文件中标记的全部286项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $6.82亿 | $4.91亿 | +39.0% | $5.44亿 | $4.87亿 | +11.6% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $23.9亿 | $15.5亿 | +53.8% | $14.4亿 | $13.4亿 | +7.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $544万2025-11-01 | $716万 | -24.0% | $544万 | $716万 | -24.0% |
| Accrual for Taxes Other than Income Taxes, Current | $3530万2025-11-01 | $2310万 | +52.3% | $3530万 | $2310万 | +52.3% |
| Accrued Income Taxes, Current | $4.62亿 | $4.75亿 | -2.8% | $6.1亿 | $4.47亿 | +36.4% |
| Accrued Income Taxes, Noncurrent | $9070万 | $9990万 | -9.2% | $1.01亿 | $2.6亿 | -61.2% |
| Accrued Liabilities, Current | $21.6亿 | $14.6亿 | +47.6% | $16.5亿 | $11.1亿 | +48.7% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $40.9亿2025-11-01 | $37.7亿 | +8.4% | $40.9亿 | $37.7亿 | +8.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.49亿 | -$1.73亿 | +13.9% | -$1.55亿 | -$1.85亿 | +16.6% |
| Additional Paid in Capital, Common Stock | $213亿 | $239亿 | -11.1% | $233亿 | $251亿 | -6.9% |
| Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | $2.64亿 | $6.47亿 | -59.2% | $25.4亿 | $22.2亿 | +14.8% |
| Amortization of Intangible Assets | $3.9亿 | $3.85亿 | +1.3% | $15.9亿 | $17.4亿 | -8.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 13.4万 | -100.0% | 9.4万 | 7.1万 | +32.4% |
| Assets | $484亿 | $482亿 | +0.5% | $480亿 | $482亿 | -0.5% |
| Assets for Plan Benefits, Defined Benefit Plan | $1300万2025-11-01 | $611万 | +112.6% | $1300万 | $611万 | +112.6% |
| Assets Held-for-sale, Not Part of Disposal Group | $5420万2025-11-01 | $4150万 | +30.5% | $5420万 | $4150万 | +30.5% |
| Assets, Current | $70.7亿 | $69.2亿 | +2.1% | $71.1亿 | $54.8亿 | +29.6% |
| Assets, Fair Value Disclosure | $13.5亿 | $22.1亿 | -39.0% | $24亿 | $10.6亿 | +125.8% |
| Assets, Noncurrent | $414亿 | $413亿 | +0.2% | $409亿 | $427亿 | -4.3% |
| Cash | $11亿 | $14亿 | -21.4% | $6.42亿2023-10-28 | $10.2亿 | -36.8% |
| Cash and Cash Equivalents, at Carrying Value | $21.7亿 | $23.2亿 | -6.7% | $25亿 | $19.9亿 | +25.5% |
| Cash Equivalents, at Carrying Value | $13.6亿2025-11-01 | $14亿 | -2.7% | $13.6亿 | $14亿 | -2.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $21.7亿 | $23.2亿 | -6.7% | $25亿 | $19.9亿 | +25.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2.71亿 | -$5500万 | -392.4% | $5.08亿 | $10.3亿 | -50.8% |
| Commercial Paper | $10.1亿 | $5.49亿 | +83.2% | $4.47亿 | $5.48亿 | -18.5% |
| Common Stock, Dividends, Per Share, Cash Paid | $1.10 | $0.99 | +11.1% | $3.89 | $3.62 | +7.5% |
| Common Stock, Dividends, Per Share, Declared | $1.10 | $0.99 | +11.1% | $3.89 | $3.62 | +7.5% |
| Common Stock, Par or Stated Value Per Share | $0.16 | $0.16 | 0.0% | $0.16 | $0.16 | 0.0% |
| Common Stock, Shares Authorized | 12亿 | 12亿 | 0.0% | 12亿 | 12亿 | 0.0% |
| Common Stock, Shares, Outstanding | 4.85亿 | 4.92亿 | -1.5% | 4.9亿 | 4.96亿 | -1.3% |
| Common Stock, Value, Issued | $8080万 | $8200万 | -1.5% | $8160万 | $8270万 | -1.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $13.4亿 | $5.13亿 | +161.8% | $23亿 | $16.4亿 | +40.3% |
| Cost of Goods and Services Sold | $13.1亿 | $10.9亿 | +20.5% | $42.5亿 | $40.5亿 | +5.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4.93亿 | $3.48亿 | +41.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.85亿 | $1.47亿 | +25.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.91亿 | $5.1亿 | +35.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1420万 | $1440万 | -1.6% |
| Debt Instrument, Face Amount | $82.2亿 | $82.2亿 | 0.0% | $76.6亿2024-11-02 | $70.6亿 | +8.5% |
| Debt Instrument, Fair Value Disclosure | $73亿 | $7.48万亿 | -99.9% | $58.4亿2023-10-28 | $54.7亿 | +6.8% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $7200万2025-11-01 | $8310万 | -13.4% | $7200万 | $8310万 | -13.4% |
| Debt Securities, Available-for-sale | $11.4亿2025-11-01 | $5.93亿 | +92.1% | $11.4亿 | $5.93亿 | +92.1% |
| Debt Securities, Available-for-sale, Current | $1.59亿 | $11.5亿 | -86.1% | $11.5亿 | $3.72亿 | +210.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$4.55亿 | -$4.93亿 | +7.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $2.16亿 | $1.21亿 | +77.5% |
| Deferred Income Tax Assets, Net | $16.9亿 | $19.3亿 | -12.2% | $18.7亿 | $20.8亿 | -10.4% |
| Deferred Income Tax Expense (Benefit) | -$1.61亿 | $1.54亿 | -204.7% | -$2.47亿 | -$3.68亿 | +32.9% |
| Deferred Income Tax Liabilities, Net | $18.4亿 | $23.7亿 | -22.5% | $21.6亿 | $26.2亿 | -17.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$702万 | $358万 | -296.1% |
| Deferred Tax Assets, Gross | $30.2亿2025-11-01 | $31亿 | -2.7% | $30.2亿 | $31亿 | -2.7% |
| Deferred Tax Assets, Inventory | $3530万2025-11-01 | $2910万 | +21.3% | $3530万 | $2910万 | +21.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $27.6亿2025-11-01 | $27.6亿 | -0.1% | $27.6亿 | $27.6亿 | -0.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $3350万2025-11-01 | $4130万 | -19.1% | $3350万 | $4130万 | -19.1% |
| Deferred Tax Assets, Other | $6810万2025-11-01 | $7100万 | -4.1% | $6810万 | $7100万 | -4.1% |
| Deferred Tax Assets, Tax Credit Carryforwards | $2.42亿2025-11-01 | $3.18亿 | -24.1% | $2.42亿 | $3.18亿 | -24.1% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $5700万2025-11-01 | $4880万 | +16.8% | $5700万 | $4880万 | +16.8% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $2380万2025-11-01 | $2230万 | +6.8% | $2380万 | $2230万 | +6.8% |
| Deferred Tax Assets, Valuation Allowance | $2.64亿2025-11-01 | $3.43亿 | -23.1% | $2.64亿 | $3.43亿 | -23.1% |
| Deferred Tax Liabilities, Gross | $30.5亿2025-11-01 | $33亿 | -7.5% | $30.5亿 | $33亿 | -7.5% |
| Deferred Tax Liabilities, Net | $2.96亿2025-11-01 | $5.41亿 | -45.2% | $2.96亿 | $5.41亿 | -45.2% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1.42亿2025-11-01 | $1.4亿 | +1.8% | $1.42亿 | $1.4亿 | +1.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-Q 2026-01-31, 10-K 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-Q 2025-02-01, 10-K 2024-11-02, 10-Q 2024-08-03
数据截至 2026-11-01