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 June 30, 2025
	Analog		Embedded Processing		Other		Total
Revenue	$	3,452	$	679	$	317	$	4,448
Cost of revenue	1,395		365		113		1,873
Gross profit	2,057		314		204		2,575
Research and development	383		125		19		527
Selling, general and administrative	349		104		32		485


Operating profit	$	1,325	$	85	$	153	$	1,563


	For Three Months Ended June 30, 2024
	Analog		Embedded Processing		Other		Total
Revenue	$	2,928	$	615	$	279	$	3,822
Cost of revenue	1,193		318		100		1,611
Gross profit	1,735		297		179		2,211
Research and development	360		117		21		498
Selling, general and administrative	328		100		37		465


Operating profit	$	1,047	$	80	$	121	$	1,248


	For Six Months Ended June 30, 2025
	Analog		Embedded Processing		Other		Total
Revenue	$	6,662	$	1,326	$	529	$	8,517
Cost of revenue	2,691		740		198		3,629
Gross profit	3,971		586		331		4,888
Research and development	752		253		39		1,044
Selling, general and administrative	688		208		61		957


Operating profit	$	2,531	$	125	$	231	$	2,887


	For Six Months Ended June 30, 2024
	Analog		Embedded Processing		Other		Total
Revenue	$	5,764	$	1,267	$	452	$	7,483
Cost of revenue	2,347		653		177		3,177
Gross profit	3,417		614		275		4,306
Research and development	709		231		36		976
Selling, general and administrative	653		198		69		920

Restructuring charges/other	—		—		(124)		(124)
Operating profit	$	2,055	$	185	$	294	$	2,534

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 Six Months Ended
	June 30,								June 30,
	2025				2024				2025				2024
Revenue:
United States	$	1,707	38	%	$	1,408	37	%	$	3,225	38	%	$	2,696	36	%
China	985		22		745		19		1,811		21		1,368		18
Rest of Asia	487		11		417		11		925		11		818		11
Europe, Middle East and Africa (a)	891		20		898		23		1,827		21		1,853		25
Japan	295		7		292		8		570		7		622		8
Rest of world	83		2		62		2		159		2		126		2
Total revenue	$	4,448	100	%	$	3,822	100	%	$	8,517	100	%	$	7,483	100	%

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