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 DLP® products and calculators, which are operating segments that do not meet the quantitative thresholds for individually reportable segments and cannot be aggregated with other operating segments.

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,
	2026								2025
	Analog		Embedded Processing		Other		Total		Analog		Embedded Processing		Other		Total
Revenue	$	4,365	$	788	$	310	$	5,463	$	3,452	$	679	$	317	$	4,448
Cost of revenue	1,636		380		95		2,111		1,395		365		113		1,873
Gross profit	2,729		408		215		3,352		2,057		314		204		2,575
R&D	388		129		18		535		383		125		19		527
SG&A	349		111		30		490		349		104		32		485
Acquisition charges	—		—		17		17		—		—		—		—

Operating profit	$	1,992	$	168	$	150	$	2,310	$	1,325	$	85	$	153	$	1,563


	For Six Months Ended June 30,
	2026								2025
	Analog		Embedded Processing		Other		Total		Analog		Embedded Processing		Other		Total
Revenue	$	8,289	$	1,511	$	488	$	10,288	$	6,662	$	1,326	$	529	$	8,517
Cost of revenue	3,225		754		158		4,137		2,691		740		198		3,629
Gross profit	5,064		757		330		6,151		3,971		586		331		4,888
R&D	757		252		36		1,045		752		253		39		1,044
SG&A	677		215		62		954		688		208		61		957
Acquisition charges	—		—		34		34		—		—		—		—

Operating profit	$	3,630	$	290	$	198	$	4,118	$	2,531	$	125	$	231	$	2,887

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,
	2026				2025				2026				2025
Revenue:
United States	$	2,131	39	%	$	1,707	38	%	$	3,927	38	%	$	3,225	38	%
China	1,223		22		985		22		2,247		22		1,811		21
Rest of Asia	606		11		487		11		1,161		11		925		11
Europe, Middle East and Africa (a)	1,075		20		891		20		2,145		21		1,827		21
Japan	330		6		295		7		619		6		570		7
Rest of world	98		2		83		2		189		2		159		2
Total revenue	$	5,463	100	%	$	4,448	100	%	$	10,288	100	%	$	8,517	100	%

(a)Revenue from end customers headquartered in Germany was 9% and 10% in the second quarters of 2026 and 2025, respectively, and 10% in the first six months of both 2026 and 2025.