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亚德诺半导体（ADI）与KLA Corporation（KLAC）财务数据对比。点击上方公司名可切换其他公司
KLA Corporation的季度营收约是亚德诺半导体的1.0倍（$3.3B vs $3.2B），KLA Corporation净利率更高（34.7% vs 26.3%，领先8.5%），亚德诺半导体同比增速更快（30.4% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $1.3B），过去两年亚德诺半导体的营收复合增速更高（21.0% vs 18.2%）
亚德诺半导体（ADI）是总部位于美国马萨诸塞州威尔明顿的跨国半导体企业，专注于数据转换、信号处理与电源管理技术研发，相关产品广泛应用于通信、工业、汽车等多个领域，是全球模拟芯片领域的领先厂商。
KLA Corporation是总部位于美国加利福尼亚州米尔皮塔斯的企业，主营晶圆制造设备，为半导体及相关纳米电子行业提供过程控制与良率管理系统，产品及服务覆盖晶圆、光罩、集成电路、封装生产从研发到批量制造的全流程。
ADI vs KLAC — 直观对比
营收规模更大
KLAC
是对方的1.0倍
$3.2B
营收增速更快
ADI
高出23.3%
7.2%
净利率更高
KLAC
高出8.5%
26.3%
自由现金流更多
KLAC
多$2.8M
$1.3B
两年增速更快
ADI
近两年复合增速
18.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.3B |
| 净利润 | $830.8M | $1.1B |
| 毛利率 | 64.7% | 61.4% |
| 营业利润率 | 31.5% | — |
| 净利率 | 26.3% | 34.7% |
| 营收同比 | 30.4% | 7.2% |
| 净利润同比 | 112.3% | 39.0% |
| 每股收益（稀释后） | $1.69 | $8.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADIKLAC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $3.3B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.4B | $3.1B | ||
| Q4 24 | $2.4B | $3.1B | ||
| Q3 24 | $2.3B | $2.8B | ||
| Q2 24 | $2.2B | $2.6B |
净利润ADIKLAC
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $1.1B | ||
| Q3 25 | $518.5M | $1.1B | ||
| Q2 25 | $569.8M | $1.2B | ||
| Q1 25 | $391.3M | $1.1B | ||
| Q4 24 | $478.1M | $824.5M | ||
| Q3 24 | $392.2M | $945.9M | ||
| Q2 24 | $302.2M | $836.4M |
毛利率ADIKLAC
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 61.4% | ||
| Q3 25 | 62.1% | 61.3% | ||
| Q2 25 | 61.0% | 62.0% | ||
| Q1 25 | 59.0% | 61.6% | ||
| Q4 24 | 58.0% | 60.3% | ||
| Q3 24 | 56.7% | 59.6% | ||
| Q2 24 | 54.7% | 60.7% |
营业利润率ADIKLAC
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.7% | 41.9% | ||
| Q1 25 | 20.3% | 41.3% | ||
| Q4 24 | 23.3% | 31.6% | ||
| Q3 24 | 21.2% | 38.0% | ||
| Q2 24 | 17.9% | 36.8% |
净利率ADIKLAC
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 34.7% | ||
| Q3 25 | 18.0% | 34.9% | ||
| Q2 25 | 21.6% | 37.9% | ||
| Q1 25 | 16.1% | 35.5% | ||
| Q4 24 | 19.6% | 26.8% | ||
| Q3 24 | 17.0% | 33.3% | ||
| Q2 24 | 14.0% | 32.6% |
每股收益（稀释后）ADIKLAC
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $8.68 | ||
| Q3 25 | $1.04 | $8.47 | ||
| Q2 25 | $1.14 | $9.04 | ||
| Q1 25 | $0.78 | $8.16 | ||
| Q4 24 | $0.95 | $6.16 | ||
| Q3 24 | $0.79 | $7.01 | ||
| Q2 24 | $0.61 | $6.16 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.9B | $2.5B |
| 总债务越低越好 | — | $5.9B |
| 股东权益账面价值 | $33.8B | $5.5B |
| 总资产 | $48.0B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资ADIKLAC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $2.3B | $1.9B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $2.4B | $2.0B |
总债务ADIKLAC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.9B |
股东权益ADIKLAC
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $5.5B | ||
| Q3 25 | $34.1B | $5.0B | ||
| Q2 25 | $35.0B | $4.7B | ||
| Q1 25 | $35.1B | $4.0B | ||
| Q4 24 | $35.2B | $3.6B | ||
| Q3 24 | $35.2B | $3.6B | ||
| Q2 24 | $35.2B | $3.4B |
总资产ADIKLAC
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $16.7B | ||
| Q3 25 | $48.2B | $16.3B | ||
| Q2 25 | $47.3B | $16.1B | ||
| Q1 25 | $48.0B | $15.2B | ||
| Q4 24 | $48.2B | $15.0B | ||
| Q3 24 | $48.6B | $15.7B | ||
| Q2 24 | $48.9B | $15.4B |
负债/权益比ADIKLAC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.75× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.4B | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $1.3B |
| 自由现金流率自由现金流/营收 | 39.8% | 38.3% |
| 资本支出强度资本支出/营收 | 3.5% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $4.4B |
8季度趋势，按日历期对齐
经营现金流ADIKLAC
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $819.5M | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $849.5M | ||
| Q3 24 | $855.0M | $995.2M | ||
| Q2 24 | $807.9M | $892.6M |
自由现金流ADIKLAC
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $729.2M | $1.1B | ||
| Q1 25 | $977.8M | $990.0M | ||
| Q4 24 | $885.4M | $757.2M | ||
| Q3 24 | $701.1M | $934.8M | ||
| Q2 24 | $619.7M | $831.9M |
自由现金流率ADIKLAC
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 38.3% | ||
| Q3 25 | 37.7% | 33.2% | ||
| Q2 25 | 27.6% | 33.5% | ||
| Q1 25 | 40.4% | 32.3% | ||
| Q4 24 | 36.2% | 24.6% | ||
| Q3 24 | 30.3% | 32.9% | ||
| Q2 24 | 28.7% | 32.4% |
资本支出强度ADIKLAC
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 3.2% | ||
| Q3 25 | 2.7% | 3.0% | ||
| Q2 25 | 3.4% | 3.2% | ||
| Q1 25 | 6.1% | 2.7% | ||
| Q4 24 | 6.8% | 3.0% | ||
| Q3 24 | 6.7% | 2.1% | ||
| Q2 24 | 8.7% | 2.4% |
现金转化率ADIKLAC
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 1.19× | ||
| Q3 25 | 2.25× | 1.04× | ||
| Q2 25 | 1.44× | 0.97× | ||
| Q1 25 | 2.88× | 0.99× | ||
| Q4 24 | 2.20× | 1.03× | ||
| Q3 24 | 2.18× | 1.05× | ||
| Q2 24 | 2.67× | 1.07× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ADI
| Sales Channel Directly To Consumer | $1.4B | 44% |
| Automotive | $794.4M | 25% |
| Communications | $476.8M | 15% |
| Consumer | $399.8M | 13% |
| Other | $71.3M | 2% |
| Sales Channel Other | $40.8M | 1% |
KLAC
| Wafer Inspection | $1.6B | 48% |
| Services | $786.1M | 24% |
| Patterning | $696.2M | 21% |
| Specialty Semiconductor Process | $121.6M | 4% |
| PCB And Component Inspection | $80.3M | 2% |
| Other Revenue | $40.2M | 1% |
