We design and manufacture semiconductors that we sell to electronics designers and manufacturers all over the world. We have two reportable segments, Analog and Embedded Processing, each of which represents groups of products that have similar design and development requirements, product characteristics and manufacturing processes. Our segments reflect how our chief operating decision maker (CODM), which is our chief executive officer, allocates resources and measures results.

•Analog semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. Analog semiconductors are also used to manage power in all electronic equipment by converting, distributing, storing, discharging, isolating and measuring electrical energy, whether the equipment is plugged into a wall or using a battery. Our Analog segment consists of two major product lines: Power and Signal Chain.

•Embedded Processing products are the digital “brains” of many types of electronic equipment. They are designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application.

We report the results of our remaining business activities in Other. Other includes operating segments that do not meet the quantitative thresholds for individually reportable segments and cannot be aggregated with other operating segments. Other includes DLP® products, calculators and custom ASIC products.

In Other, we also include items that are not used in evaluating the results of or in allocating resources to our segments. Examples of these items include acquisition, integration and restructuring charges, and certain corporate-level items, such as litigation expenses, environmental costs, insurance settlements, and gains and losses from other activities, including asset dispositions. We allocate the remainder of our expenses associated with corporate activities to our operating segments based on specific methodologies, such as percentage of operating expenses or headcount.

Costs incurred by our centralized manufacturing and support organizations, including depreciation, are charged to the operating segments, including those in Other, on a per-unit basis. Consequently, depreciation expense is not an independently identifiable component within the segments’ results and, therefore, is not provided.

With the exception of goodwill, we do not identify or allocate assets by operating segment, nor does the CODM evaluate operating segments using discrete asset information. We have no material intersegment revenue. The accounting policies of the segments are consistent with those described in the significant accounting policies and practices.

Segment information


	For Three Months Ended March 31, 2025
	Analog		Embedded Processing		Other		Total
Revenue	$	3,210	$	647	$	212	$	4,069
Cost of revenue	1,296		375		85		1,756
Gross profit	1,914		272		127		2,313
Research and development	369		128		20		517
Selling, general and administrative	339		104		29		472


Operating profit	$	1,206	$	40	$	78	$	1,324


	For Three Months Ended March 31, 2024
	Analog		Embedded Processing		Other		Total
Revenue	$	2,836	$	652	$	173	$	3,661
Cost of revenue	1,154		335		77		1,566
Gross profit	1,682		317		96		2,095
Research and development	349		114		15		478
Selling, general and administrative	325		98		32		455

Restructuring charges/other	—		—		(124)		(124)
Operating profit	$	1,008	$	105	$	173	$	1,286

Our estimate for revenue based on the geographic location of our end customers’ headquarters, which represents where critical decisions are made, is as follows:


	For Three Months Ended
	March 31,
	2025				2024
Revenue:
United States	$	1,518	37	%	$	1,288	35	%
China	826		20		623		17
Rest of Asia	438		11		401		11
Europe, Middle East and Africa (a)	936		23		955		26
Japan	275		7		330		9
Rest of world	76		2		64		2
Total revenue	$	4,069	100	%	$	3,661	100	%