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亚德诺半导体（ADI）与微芯科技（MCHP）财务数据对比。点击上方公司名可切换其他公司
亚德诺半导体的季度营收约是微芯科技的2.7倍（$3.2B vs $1.2B），亚德诺半导体净利率更高（26.3% vs 5.3%，领先21.0%），亚德诺半导体同比增速更快（30.4% vs 15.6%），亚德诺半导体自由现金流更多（$1.3B vs $318.9M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -5.4%）
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。
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
ADI vs MCHP — 直观对比
营收规模更大
ADI
是对方的2.7倍
$1.2B
营收增速更快
ADI
高出14.8%
15.6%
净利率更高
ADI
高出21.0%
5.3%
自由现金流更多
ADI
多$940.3M
$318.9M
两年增速更快
ADI
近两年复合增速
-5.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $1.2B |
| 净利润 | $830.8M | $62.7M |
| 毛利率 | 64.7% | 59.6% |
| 营业利润率 | 31.5% | 12.8% |
| 净利率 | 26.3% | 5.3% |
| 营收同比 | 30.4% | 15.6% |
| 净利润同比 | 112.3% | 217.0% |
| 每股收益（稀释后） | $1.69 | $0.06 |
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ADIMCHP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $1.2B | ||
| Q3 25 | $2.9B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.4B | $970.5M | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B |
净利润ADIMCHP
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $62.7M | ||
| Q3 25 | $518.5M | $41.7M | ||
| Q2 25 | $569.8M | $-18.6M | ||
| Q1 25 | $391.3M | $-154.6M | ||
| Q4 24 | $478.1M | $-53.6M | ||
| Q3 24 | $392.2M | $78.4M | ||
| Q2 24 | $302.2M | $129.3M |
毛利率ADIMCHP
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | 59.6% | ||
| Q3 25 | 62.1% | 55.9% | ||
| Q2 25 | 61.0% | 53.6% | ||
| Q1 25 | 59.0% | 51.6% | ||
| Q4 24 | 58.0% | 54.7% | ||
| Q3 24 | 56.7% | 57.4% | ||
| Q2 24 | 54.7% | 59.4% |
营业利润率ADIMCHP
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | 12.8% | ||
| Q3 25 | 28.4% | 7.8% | ||
| Q2 25 | 25.7% | 3.0% | ||
| Q1 25 | 20.3% | -10.3% | ||
| Q4 24 | 23.3% | 3.0% | ||
| Q3 24 | 21.2% | 12.6% | ||
| Q2 24 | 17.9% | 17.7% |
净利率ADIMCHP
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 5.3% | ||
| Q3 25 | 18.0% | 3.7% | ||
| Q2 25 | 21.6% | -1.7% | ||
| Q1 25 | 16.1% | -15.9% | ||
| Q4 24 | 19.6% | -5.2% | ||
| Q3 24 | 17.0% | 6.7% | ||
| Q2 24 | 14.0% | 10.4% |
每股收益（稀释后）ADIMCHP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $0.06 | ||
| Q3 25 | $1.04 | $0.03 | ||
| Q2 25 | $1.14 | $-0.09 | ||
| Q1 25 | $0.78 | $-0.29 | ||
| Q4 24 | $0.95 | $-0.10 | ||
| Q3 24 | $0.79 | $0.14 | ||
| Q2 24 | $0.61 | $0.24 |
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 | $250.7M |
| 总债务越低越好 | — | $5.4B |
| 股东权益账面价值 | $33.8B | $6.6B |
| 总资产 | $48.0B | $14.3B |
| 负债/权益比越低杠杆越低 | — | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资ADIMCHP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $250.7M | ||
| Q3 25 | $2.3B | $236.8M | ||
| Q2 25 | $2.4B | $566.5M | ||
| Q1 25 | $2.3B | $771.7M | ||
| Q4 24 | $2.4B | $586.0M | ||
| Q3 24 | $2.1B | $286.1M | ||
| Q2 24 | $2.4B | $315.1M |
总债务ADIMCHP
| Q1 26 | — | — | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
股东权益ADIMCHP
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $6.6B | ||
| Q3 25 | $34.1B | $6.7B | ||
| Q2 25 | $35.0B | $6.9B | ||
| Q1 25 | $35.1B | $7.1B | ||
| Q4 24 | $35.2B | $6.0B | ||
| Q3 24 | $35.2B | $6.3B | ||
| Q2 24 | $35.2B | $6.4B |
总资产ADIMCHP
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $14.3B | ||
| Q3 25 | $48.2B | $14.5B | ||
| Q2 25 | $47.3B | $15.0B | ||
| Q1 25 | $48.0B | $15.4B | ||
| Q4 24 | $48.2B | $15.6B | ||
| Q3 24 | $48.6B | $15.6B | ||
| Q2 24 | $48.9B | $15.8B |
负债/权益比ADIMCHP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× |
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 | $341.4M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $318.9M |
| 自由现金流率自由现金流/营收 | 39.8% | 26.9% |
| 资本支出强度资本支出/营收 | 3.5% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.65× | 5.44× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $819.9M |
8季度趋势，按日历期对齐
经营现金流ADIMCHP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $341.4M | ||
| Q3 25 | $1.2B | $88.1M | ||
| Q2 25 | $819.5M | $275.6M | ||
| Q1 25 | $1.1B | $205.9M | ||
| Q4 24 | $1.1B | $271.5M | ||
| Q3 24 | $855.0M | $43.6M | ||
| Q2 24 | $807.9M | $377.1M |
自由现金流ADIMCHP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $318.9M | ||
| Q3 25 | $1.1B | $51.6M | ||
| Q2 25 | $729.2M | $257.7M | ||
| Q1 25 | $977.8M | $191.7M | ||
| Q4 24 | $885.4M | $253.4M | ||
| Q3 24 | $701.1M | $22.8M | ||
| Q2 24 | $619.7M | $304.2M |
自由现金流率ADIMCHP
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | 26.9% | ||
| Q3 25 | 37.7% | 4.5% | ||
| Q2 25 | 27.6% | 24.0% | ||
| Q1 25 | 40.4% | 19.8% | ||
| Q4 24 | 36.2% | 24.7% | ||
| Q3 24 | 30.3% | 2.0% | ||
| Q2 24 | 28.7% | 24.5% |
资本支出强度ADIMCHP
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | 1.9% | ||
| Q3 25 | 2.7% | 3.2% | ||
| Q2 25 | 3.4% | 1.7% | ||
| Q1 25 | 6.1% | 1.5% | ||
| Q4 24 | 6.8% | 1.8% | ||
| Q3 24 | 6.7% | 1.8% | ||
| Q2 24 | 8.7% | 5.9% |
现金转化率ADIMCHP
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 5.44× | ||
| Q3 25 | 2.25× | 2.11× | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 2.20× | — | ||
| Q3 24 | 2.18× | 0.56× | ||
| Q2 24 | 2.67× | 2.92× |
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% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
