A Decade of Revenue Growth: Analog Devices, Inc. vs Garmin Ltd.

In the ever-evolving landscape of technology, revenue growth is a key indicator of a company's success. Over the past decade, Analog Devices, Inc. (ADI) and Garmin Ltd. have showcased distinct trajectories in their annual revenues. From 2014 to 2023, ADI's revenue surged by approximately 330%, peaking in 2023 with a remarkable 12.3 billion USD. This growth reflects ADI's strategic innovations and market expansion.

Conversely, Garmin Ltd. experienced a steady yet modest increase of around 82% over the same period, reaching its highest revenue of 5.2 billion USD in 2023. Garmin's consistent performance underscores its stronghold in the navigation and wearable technology sectors.

While ADI's revenue growth outpaced Garmin's, both companies have demonstrated resilience and adaptability in a competitive market. Notably, data for 2024 is incomplete, leaving room for speculation on future trends.