Segment Information

6 Months Ended

May 02, 2020

The Company designs, develops, manufactures and markets a broad range of integrated circuits. The Company operates and tracks its results in one reportable segment based on the aggregation of nine operating segments, one of which was added in the three-months ended May 2, 2020 as a result of a continued refinement of the Company's organizational structure. Due to the current macroeconomic environment, in the second quarter of fiscal 2020, the Company elected to perform a quantitative goodwill impairment analysis for one of its reporting units. As a result of this analysis, management concluded that the reporting unit’s fair value exceeded its carrying amount as of the May 2, 2020 assessment date and no risk of impairment existed.

Revenue Trends by End Market

The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data and the Company's methodology evolve and improve, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.


	Three Months Ended
	May 2, 2020										May 4, 2019
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	710,760	54	%	(8)	%	$	771,359	51	%
Communications	276,420		21	%	(24)	%	363,457		24	%
Automotive	182,383		14	%	(23)	%	236,011		15	%
Consumer	147,497		11	%	(5)	%	155,775		10	%


Total revenue	$	1,317,060	100	%	(14)	%	$	1,526,602	100	%

	Six Months Ended
	May 2, 2020										May 4, 2019
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	1,395,113	53	%	(7)	%	$	1,503,331	49	%
Communications	517,253		20	%	(27)	%	712,014		23	%
Automotive	388,630		15	%	(19)	%	480,268		16	%
Consumer	319,629		12	%	(14)	%	372,090		12	%
Total revenue	$	2,620,625	100	%	(15)	%	$	3,067,703	100	%

* The sum of the individual percentages may not equal the total due to rounding.

Revenue by Sales Channel

The following table summarizes revenue by channel. The Company sells its products globally through a direct sales force, third party distributors, independent sales representatives and via its website. Distributors are customers that buy products with the intention of reselling them. Direct customers are non-distributor customers and consist primarily of original equipment

manufacturers (OEMs). Other customers include the U.S. government, government prime contractors and certain commercial customers for which revenue is recorded over time.


	Three Months Ended
	May 2, 2020						May 4, 2019
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	750,388	57	%	$	871,510	57	%
Direct customers	546,051		41	%	634,834		42	%
Other	20,621		2	%	20,258		1	%
Total revenue	$	1,317,060	100	%	$	1,526,602	100	%

	Six Months Ended
	May 2, 2020						May 4, 2019
Channel	Revenue		% of Revenue*		Revenue		% of Revenue*
Distributors	$	1,497,949	57	%	$	1,700,753	55	%
Direct customers	1,077,382		41	%	1,330,323		43	%
Other	45,294		2	%	36,627		1	%
Total revenue	$	2,620,625	100	%	$	3,067,703	100	%

* The sum of the individual percentages may not equal the total due to rounding.