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 September 30,
	2025								2024
	Analog		Embedded Processing		Other		Total		Analog		Embedded Processing		Other		Total
Revenue	$	3,729	$	709	$	304	$	4,742	$	3,223	$	653	$	275	$	4,151
Cost of revenue	1,543		373		103		2,019		1,253		328		96		1,677
Gross profit	2,186		336		201		2,723		1,970		325		179		2,474
R&D	371		127		20		518		350		124		18		492
SG&A	329		101		27		457		304		92		32		428

Restructuring charges/other	—		—		85		85		—		—		—		—
Operating profit	$	1,486	$	108	$	69	$	1,663	$	1,316	$	109	$	129	$	1,554


	For Nine Months Ended September 30,
	2025								2024
	Analog		Embedded Processing		Other		Total		Analog		Embedded Processing		Other		Total
Revenue	$	10,391	$	2,035	$	833	$	13,259	$	8,987	$	1,920	$	727	$	11,634
Cost of revenue	4,234		1,113		301		5,648		3,600		981		273		4,854
Gross profit	6,157		922		532		7,611		5,387		939		454		6,780
R&D	1,123		380		59		1,562		1,059		355		54		1,468
SG&A	1,017		309		88		1,414		957		290		101		1,348

Restructuring charges/other	—		—		85		85		—		—		(124)		(124)
Operating profit	$	4,017	$	233	$	300	$	4,550	$	3,371	$	294	$	423	$	4,088

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								For Nine Months Ended
	September 30,								September 30,
	2025				2024				2025				2024
Revenue:
United States	$	1,859	39	%	$	1,639	39	%	$	5,084	38	%	$	4,335	37	%
China	1,019		21		823		20		2,830		21		2,191		19
Rest of Asia	505		11		431		10		1,430		11		1,249		11
Europe, Middle East and Africa (a)	972		20		880		21		2,799		21		2,733		23
Japan	313		7		313		8		883		7		935		8
Rest of world	74		2		65		2		233		2		191		2
Total revenue	$	4,742	100	%	$	4,151	100	%	$	13,259	100	%	$	11,634	100	%

(a)Revenue from end customers headquartered in Germany was 10% and 11% in the third quarters of 2025 and 2024, respectively, and 10% and 12% in the first nine months of 2025 and 2024, respectively.