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 light, 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 (see Note 11); 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.

The CODM assesses the performance of our segments and decides how to allocate resources based on each segment’s revenue growth, gross margin and operating profit. The CODM utilizes these metrics by comparing budget versus actual results as well as benchmarking to our competitors.

Segment information


	For Year Ended December 31, 2025
	Analog		Embedded Processing		Other		Total
Revenue	$	14,006	$	2,697	$	979	$	17,682
Cost of revenue	5,764		1,471		364		7,599
Gross profit	8,242		1,226		615		10,083
Research and development	1,494		514		75		2,083
Selling, general and administrative	1,336		408		116		1,860

Restructuring charges/other	—		—		117		117
Operating profit	$	5,412	$	304	$	307	$	6,023


	For Year Ended December 31, 2024
	Analog		Embedded Processing		Other		Total
Revenue	$	12,161	$	2,533	$	947	$	15,641
Cost of revenue	4,869		1,315		363		6,547
Gross profit	7,292		1,218		584		9,094
Research and development	1,411		475		73		1,959
Selling, general and administrative	1,273		391		130		1,794

Restructuring charges/other	—		—		(124)		(124)
Operating profit	$	4,608	$	352	$	505	$	5,465


	For Year Ended December 31, 2023
	Analog		Embedded Processing		Other		Total
Revenue	$	13,040	$	3,368	$	1,111	$	17,519
Cost of revenue	4,615		1,493		392		6,500
Gross profit	8,425		1,875		719		11,019
Research and development	1,317		457		89		1,863
Selling, general and administrative	1,287		410		128		1,825

Restructuring charges/other	—		—		—		—
Operating profit	$	5,821	$	1,008	$	502	$	7,331

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 Years Ended December 31,
	2025				2024				2023
Revenue:
United States	$	6,763	38	%	$	5,957	38	%	$	5,814	33	%
China	3,781		21		3,012		19		3,293		19
Rest of Asia	1,887		11		1,681		11		1,721		10
Europe, Middle East and Africa (a)	3,747		21		3,519		22		4,642		26
Japan	1,173		7		1,212		8		1,782		10
Rest of world	331		2		260		2		267		2
Total revenue	$	17,682	100	%	$	15,641	100	%	$	17,519	100	%

(a)Revenue from end customers headquartered in Germany was 10%, 11% and 13% of total revenue in 2025, 2024 and 2023, respectively.

Property, plant and equipment by geographic area, based on physical location:


	December 31,
	2025		2024
Property, plant and equipment:
United States	$	8,764	$	8,342
China	674		737
Rest of Asia (a)	2,450		1,877
Europe, Middle East and Africa	71		74
Japan	327		274
Rest of world	34		43
Total property, plant and equipment	$	12,320	$	11,347

(a)Property, plant and equipment at our sites in Malaysia was $1.40 billion and $931 million as of December 31, 2025 and 2024, respectively.

One of our end customers accounted for 12% of revenue in both 2025 and 2024, recognized primarily in our Analog segment. No end customer accounted for 10% or more of revenue in 2023.