Analog Devices Inc (ADI)
Gross profit margin
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,877,220 | 7,532,470 | 4,525,010 | 3,690,480 | 4,013,750 |
| Revenue | US$ in thousands | 12,053,800 | 11,813,500 | 6,931,870 | 5,409,750 | 5,761,990 |
| Gross profit margin | 65.35% | 63.76% | 65.28% | 68.22% | 69.66% |
October 28, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,877,220K ÷ $12,053,800K
= 65.35%
Analog Devices Inc.'s gross profit margin has exhibited fluctuations over the past five years. In the fiscal year ending October 28, 2023, the gross profit margin stood at 64.01%, marking a slight increase from the previous year's 62.70%. Despite this improvement, the margin remains below the levels observed in fiscal years 2020 and 2019, where it reached 65.87% and 67.00%, respectively. The downward trend in the gross profit margin between 2019 and 2021 may indicate potential challenges in managing production costs or pricing pressures. However, the recent uptick in the margin suggests a possible reversal of this trend, highlighting the company's efforts to enhance its profitability. Further analysis of cost structures and revenue streams could provide valuable insights into the factors influencing these fluctuations.
Peer comparison
Oct 28, 2023