Gross Profit Comparison: Analog Devices, Inc. and Garmin Ltd. Trends

Analog Devices vs. Garmin: A Decade of Profit Trends

__timestamp	Analog Devices, Inc.	Garmin Ltd.
Wednesday, January 1, 2014	1830188000	1604412000
Thursday, January 1, 2015	2259262000	1538704000
Friday, January 1, 2016	2227173000	1679570000
Sunday, January 1, 2017	3061596000	1783164000
Monday, January 1, 2018	4233302000	1979719000
Tuesday, January 1, 2019	4013750000	2233976000
Wednesday, January 1, 2020	3690478000	2481336000
Friday, January 1, 2021	4525012000	2890459000
Saturday, January 1, 2022	7532474000	2806775000
Sunday, January 1, 2023	7877218000	3004955000
Monday, January 1, 2024	5381343000	3696555000

Cracking the code

A Tale of Two Giants: Analog Devices, Inc. vs. Garmin Ltd.

In the ever-evolving landscape of technology, the financial performance of industry leaders offers a window into broader market trends. From 2014 to 2023, Analog Devices, Inc. and Garmin Ltd. have showcased distinct trajectories in their gross profit margins. Analog Devices, Inc. has seen a remarkable growth, with its gross profit surging by over 330% from 2014 to 2023. This growth peaked in 2023, with a gross profit of approximately $7.9 billion, reflecting its strategic advancements in semiconductor technology.

Conversely, Garmin Ltd. has experienced a steady yet modest increase, with its gross profit rising by about 87% over the same period. The year 2023 marked its highest gross profit at around $3 billion, underscoring its resilience in the competitive GPS and wearable technology markets. Notably, data for 2024 is incomplete, leaving room for speculation on future trends.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025