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亚德诺半导体（ADI）与思佳讯（SWKS）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思佳讯的3.1倍（$3.2B vs $1.0B），亚德诺半导体净利率更高（26.3% vs 7.6%，领先18.6%），亚德诺半导体同比增速更快（30.4% vs 8.6%），亚德诺半导体自由现金流更多（$1.3B vs $339.0M），过去两年亚德诺半导体的营收复合增速更高（21.0% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
ADI vs SWKS — 直观对比
营收规模更大
ADI
是对方的3.1倍
$1.0B
营收增速更快
ADI
高出21.8%
8.6%
净利率更高
ADI
高出18.6%
7.6%
自由现金流更多
ADI
多$920.2M
$339.0M
两年增速更快
ADI
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $1.0B |
| 净利润 | $830.8M | $79.2M |
| 毛利率 | 64.7% | 41.3% |
| 营业利润率 | 31.5% | 10.0% |
| 净利率 | 26.3% | 7.6% |
| 营收同比 | 30.4% | 8.6% |
| 净利润同比 | 112.3% | 15.3% |
| 每股收益（稀释后） | $1.69 | $0.53 |
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ADISWKS
| Q1 26 | $3.2B | $1.0B | ||
| Q4 25 | $3.1B | $1.1B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.6B | $965.0M | ||
| Q1 25 | $2.4B | $953.2M | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $2.2B | $905.5M |
净利润ADISWKS
| Q1 26 | $830.8M | $79.2M | ||
| Q4 25 | $787.7M | $141.4M | ||
| Q3 25 | $518.5M | — | ||
| Q2 25 | $569.8M | $105.0M | ||
| Q1 25 | $391.3M | $68.7M | ||
| Q4 24 | $478.1M | $162.0M | ||
| Q3 24 | $392.2M | $60.5M | ||
| Q2 24 | $302.2M | $120.9M |
毛利率ADISWKS
| Q1 26 | 64.7% | 41.3% | ||
| Q4 25 | 63.1% | 40.7% | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | 41.6% | ||
| Q1 25 | 59.0% | 41.1% | ||
| Q4 24 | 58.0% | 41.4% | ||
| Q3 24 | 56.7% | 41.9% | ||
| Q2 24 | 54.7% | 40.2% |
营业利润率ADISWKS
| Q1 26 | 31.5% | 10.0% | ||
| Q4 25 | 30.7% | 10.1% | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.7% | 11.5% | ||
| Q1 25 | 20.3% | 10.2% | ||
| Q4 24 | 23.3% | 16.9% | ||
| Q3 24 | 21.2% | 5.8% | ||
| Q2 24 | 17.9% | 14.4% |
净利率ADISWKS
| Q1 26 | 26.3% | 7.6% | ||
| Q4 25 | 25.6% | 12.9% | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | 21.6% | 10.9% | ||
| Q1 25 | 16.1% | 7.2% | ||
| Q4 24 | 19.6% | 15.2% | ||
| Q3 24 | 17.0% | 5.9% | ||
| Q2 24 | 14.0% | 13.4% |
每股收益（稀释后）ADISWKS
| Q1 26 | $1.69 | $0.53 | ||
| Q4 25 | $1.60 | $0.95 | ||
| Q3 25 | $1.04 | — | ||
| Q2 25 | $1.14 | $0.70 | ||
| Q1 25 | $0.78 | $0.43 | ||
| Q4 24 | $0.95 | $1.00 | ||
| Q3 24 | $0.79 | $0.36 | ||
| Q2 24 | $0.61 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $33.8B | $5.8B |
| 总资产 | $48.0B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ADISWKS
| Q1 26 | $2.9B | $1.6B | ||
| Q4 25 | $3.7B | $1.4B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.4B | $1.3B |
总债务ADISWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益ADISWKS
| Q1 26 | $33.8B | $5.8B | ||
| Q4 25 | $33.8B | $5.8B | ||
| Q3 25 | $34.1B | — | ||
| Q2 25 | $35.0B | $5.7B | ||
| Q1 25 | $35.1B | $5.9B | ||
| Q4 24 | $35.2B | $6.4B | ||
| Q3 24 | $35.2B | $6.3B | ||
| Q2 24 | $35.2B | $6.3B |
总资产ADISWKS
| Q1 26 | $48.0B | $7.9B | ||
| Q4 25 | $48.0B | $7.9B | ||
| Q3 25 | $48.2B | — | ||
| Q2 25 | $47.3B | $7.7B | ||
| Q1 25 | $48.0B | $7.9B | ||
| Q4 24 | $48.2B | $8.3B | ||
| Q3 24 | $48.6B | $8.3B | ||
| Q2 24 | $48.9B | $8.2B |
负债/权益比ADISWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $339.0M |
| 自由现金流率自由现金流/营收 | 39.8% | 32.7% |
| 资本支出强度资本支出/营收 | 3.5% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.65× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $4.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流ADISWKS
| Q1 26 | $1.4B | $395.5M | ||
| Q4 25 | $1.7B | $200.0M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $819.5M | $314.2M | ||
| Q1 25 | $1.1B | $409.4M | ||
| Q4 24 | $1.1B | $377.2M | ||
| Q3 24 | $855.0M | $476.1M | ||
| Q2 24 | $807.9M | $273.4M |
自由现金流ADISWKS
| Q1 26 | $1.3B | $339.0M | ||
| Q4 25 | $1.5B | $144.0M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $729.2M | $252.7M | ||
| Q1 25 | $977.8M | $370.9M | ||
| Q4 24 | $885.4M | $338.2M | ||
| Q3 24 | $701.1M | $393.3M | ||
| Q2 24 | $619.7M | $249.0M |
自由现金流率ADISWKS
| Q1 26 | 39.8% | 32.7% | ||
| Q4 25 | 48.3% | 13.1% | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 27.6% | 26.2% | ||
| Q1 25 | 40.4% | 38.9% | ||
| Q4 24 | 36.2% | 31.7% | ||
| Q3 24 | 30.3% | 38.4% | ||
| Q2 24 | 28.7% | 27.5% |
资本支出强度ADISWKS
| Q1 26 | 3.5% | 5.5% | ||
| Q4 25 | 7.0% | 5.1% | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 3.4% | 6.4% | ||
| Q1 25 | 6.1% | 4.0% | ||
| Q4 24 | 6.8% | 3.6% | ||
| Q3 24 | 6.7% | 8.1% | ||
| Q2 24 | 8.7% | 2.7% |
现金转化率ADISWKS
| Q1 26 | 1.65× | 4.99× | ||
| Q4 25 | 2.16× | 1.41× | ||
| Q3 25 | 2.25× | — | ||
| Q2 25 | 1.44× | 2.99× | ||
| Q1 25 | 2.88× | 5.96× | ||
| Q4 24 | 2.20× | 2.33× | ||
| Q3 24 | 2.18× | 7.87× | ||
| Q2 24 | 2.67× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
