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Analog Devices Reports Fiscal Third Quarter 2025 Financial Results
•Revenue of $2.88 billion, with double-digit year-over-year growth across all end markets
•Operating cash flow of $4.2 billion and free cash flow of $3.7 billion on a trailing twelve-month basis or 40% and 35% of revenue, respectively
•Returned $1.6 billion to shareholders during the third quarter via $0.5 billion in dividends and $1.1 billion in repurchases
WILMINGTON, Mass.--August 20, 2025--Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal third quarter 2025, which ended August 2, 2025.
“Despite geopolitical challenges, ADI’s third-quarter revenue and earnings per share exceeded the high end of our expectations,” stated CEO and Chair Vincent Roche. “While tariffs and trade fluctuations are creating market uncertainty, the demand for ADI’s products remains robust. The company’s relentless focus on cutting-edge innovation positions us to capitalize on the growth of the intelligent physical edge. In addition, our diverse and resilient business model enables ADI to navigate various market conditions and consistently create long-term value for our shareholders.”
CFO Richard Puccio added, “We closed the third quarter with continued backlog growth and healthy bookings trends, notably in the Industrial end market. Our favorable third quarter results and outlook for continued growth in the fourth quarter, position us well to finish fiscal 2025 from a position of strength.”


Performance for the Third Quarter of Fiscal 2025
Results Summary(1)
(in millions, except per-share amounts and percentages)
Three Months Ended
Aug. 2, 2025Aug. 3, 2024Change
Revenue$2,880 $2,312 25 %
Gross margin$1,790 $1,311 36 %
Gross margin percentage62.1 %56.7 %540 bps
Operating income$818 $491 67 %
Operating margin28.4 %21.2 %720 bps
Diluted earnings per share$1.04 $0.79 32 %
Adjusted Results(2)
Adjusted gross margin$1,995 $1,571 27 %
Adjusted gross margin percentage69.2 %67.9 %130 bps
Adjusted operating income$1,215 $952 28 %
Adjusted operating margin42.2 %41.2 %100 bps
Adjusted diluted earnings per share$2.05 $1.58 30 %
Three Months EndedTrailing Twelve Months
Cash GenerationAug. 2, 2025Aug. 2, 2025
Net cash provided by operating activities$1,165 $4,162 
% of revenue40 %40 %
Capital expenditures$(79)$(484)
Free cash flow(2)
$1,086 $3,678 
% of revenue 38 %35 %
Three Months EndedTrailing Twelve Months
Cash ReturnAug. 2, 2025Aug. 2, 2025
Dividend paid$(490)$(1,894)
Stock repurchases(1,075)(1,579)
Total cash returned$(1,565)$(3,473)
(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.
(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also the “Non-GAAP Financial Information” section for additional information.







Outlook for the Fourth Quarter of Fiscal Year 2025

For the fourth quarter of fiscal 2025, we are forecasting revenue of $3.0 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 30.5%, +/-150 bps, and adjusted operating margin of approximately 43.5%, +/-100 bps. We are planning for reported EPS to be $1.53, +/-$0.10, and adjusted EPS to be $2.22, +/-$0.10.

Our fourth quarter fiscal 2025 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. The statements about our fourth quarter fiscal 2025 outlook supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the “Non-GAAP Financial Information” section for additional information.

Dividend Payment

The ADI Board of Directors has declared a quarterly cash dividend of $0.99 per outstanding share of common stock. The dividend will be paid on September 16, 2025 to all shareholders of record at the close of business on September 2, 2025.

Conference Call Scheduled for Today, Wednesday, August 20, 2025 at 10:00 am ET

ADI will host a conference call to discuss our third quarter fiscal 2025 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company’s financial results presented in accordance with GAAP. The Company’s use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release.
Management uses non-GAAP measures internally to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company’s core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as primary performance measurements when communicating with analysts and investors regarding the Company’s earnings results and outlook and believes that the presentation of these non-GAAP measures is


useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company’s core business. Management also believes that free cash flow, a non-GAAP liquidity measure, is useful both internally and to investors because it is indicative of the Company's ability to pay dividends, purchase common stock, make investments and fund acquisitions and, in the absence of refinancings, to repay its debt obligations.
The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted nonoperating expense (income), adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow revenue percentage.
Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding certain acquisition related expenses1, which are described further below. Adjusted gross margin percentage represents adjusted gross margin divided by revenue.
Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue.
Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue.
Adjusted nonoperating expense (income) is defined as nonoperating expense (income), determined in accordance with GAAP, excluding: certain acquisition related expenses1, which is described further below.
Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below.
Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items3, which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes.
Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses1, special charges, net2, and tax related items3, which are described further below.
Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow revenue percentage represents free cash flow divided by revenue.
1Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to debt, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. Expenses also include fair value adjustments associated with the replacement of share-based awards related to the Maxim Integrated Products, Inc. (Maxim) acquisition. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance.


2Special Charges, Net: Expenses, net, incurred as part of the integration of Maxim, in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future.
3Tax Related Items: Income tax effect of the non-GAAP items discussed above, deferred tax expense related to the remeasurement of GILTI-related deferred tax assets and liabilities attributable to the One Big Beautiful Bill Act and certain other income tax expenses associated with prior periods. We excluded the income tax effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.

About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today’s innovators stay Ahead of What’s Possible. Learn more at www.analog.com and on LinkedIn and Twitter (X).

Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding future financial performance; impacts related to tariffs and other trade restrictions; economic uncertainty; macroeconomic, geopolitical, demand and other market conditions, business cycles, and supply chains; our capital allocation strategy, including future dividends, share repurchases, capital expenditures, investments, and free cash flow returns; expected revenue, operating margin, nonoperating expenses, tax rate, earnings per share, and other financial results; expected market and technology trends and acceleration of those trends; market size, market share gains, market position, and growth opportunities; expected product solutions, offerings, technologies, capabilities, and applications; the value and importance of, and other benefits related to, our product solutions, offerings, and technologies to our customers; and other future events. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflict, including increased uncertainty and volatility with respect to tariffs, export controls and other trade restrictions, actions taken or which may be taken by the presidential administration, executive offices of the U.S. government, or U.S. Congress, monetary policy, political, geopolitical, trade, or other issues in the United States or internationally, and the ongoing conflicts between Russia and Ukraine and in Israel and the Middle East; changes in demand for semiconductor products; manufacturing delays, product and raw materials availability and supply chain disruptions; diversion of products from our authorized distribution channels; changes in export classifications, import and export regulations or duties and tariffs; our development of technologies and research and development investments; our future liquidity, capital needs and capital expenditures; our ability to compete successfully in the markets in which we operate; our ability to recruit and retain key personnel;


risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; risks related to the use of artificial intelligence in our business operations, products, and services; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; the discretion of our Board of Directors to declare dividends and our ability to pay dividends in the future; factors impacting our ability to repurchase shares; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.








ANALOG DEVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)

Three Months EndedNine Months Ended
Aug. 2, 2025Aug. 3, 2024Aug. 2, 2025Aug. 3, 2024
Revenue$2,880,348 $2,312,209 $7,943,590 $6,983,952 
Cost of sales1,090,600 1,000,970 3,111,929 3,018,737 
Gross margin1,789,748 1,311,239 4,831,661 3,965,215 
Operating expenses:
   Research and development454,251 362,671 1,298,980 1,108,960 
   Selling, marketing, general and administrative325,706 257,213 913,171 791,420 
   Amortization of intangibles187,415 187,754 562,245 567,030 
   Special charges, net4,348 12,282 69,980 34,399 
Total operating expenses971,720 819,920 2,844,376 2,501,809 
Operating income818,028 491,319 1,987,285 1,463,406 
Nonoperating expense (income):
   Interest expense79,592 85,179 229,559 239,423 
   Interest income(27,083)(26,432)(72,295)(50,870)
   Other, net2,110 9,581 5,108 13,841 
Total nonoperating expense (income)54,619 68,328 162,372 202,394 
Income before income taxes763,409 422,991 1,824,913 1,261,012 
Provision for income taxes244,891 30,759 345,309 103,811 
Net income$518,518 $392,232 $1,479,604 $1,157,201 
Shares used to compute earnings per common share - basic494,390 496,338 495,560 496,077 
Shares used to compute earnings per common share - diluted496,726 498,794 497,865 498,689 
Basic earnings per common share$1.05 $0.79 $2.99 $2.33 
Diluted earnings per common share$1.04 $0.79 $2.97 $2.32 



ANALOG DEVICES, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands, except share and per share amounts)

Aug. 2, 2025Nov. 2, 2024
ASSETS  
Current Assets
Cash and cash equivalents$2,321,191 $1,991,342 
Short-term investments1,148,096 371,822 
Accounts receivable1,553,259 1,336,331 
Inventories1,596,853 1,447,687 
Prepaid expenses and other current assets305,170 337,472 
Total current assets6,924,569 5,484,654 
Non-current Assets
Net property, plant and equipment3,299,278 3,415,550 
Goodwill26,945,180 26,909,775 
Intangible assets, net8,402,630 9,585,464 
Deferred tax assets1,925,442 2,083,752 
Other assets695,502 749,082 
Total non-current assets41,268,032 42,743,623 
TOTAL ASSETS$48,192,601 $48,228,277 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable$490,723 $487,457 
Income taxes payable475,033 447,379 
Debt, current— 399,636 
Commercial paper notes548,665 547,738 
Accrued liabilities1,464,617 1,106,070 
Total current liabilities2,979,038 2,988,280 
Non-current Liabilities
Long-term debt8,139,938 6,634,313 
Deferred income taxes2,371,536 2,624,392 
Income taxes payable99,880 260,486 
Other non-current liabilities516,367 544,489 
Total non-current liabilities11,127,721 10,063,680 
Shareholders’ Equity
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding
— — 
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 491,955,436 shares outstanding (496,296,854 on November 2, 2024)
81,994 82,718 
Capital in excess of par value23,938,238 25,082,243 
Retained earnings10,238,695 10,196,612 
Accumulated other comprehensive loss(173,085)(185,256)
Total shareholders’ equity34,085,842 35,176,317 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$48,192,601 $48,228,277 










ANALOG DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)

Three Months EndedNine Months Ended
Aug. 2, 2025Aug. 3, 2024Aug. 2, 2025Aug. 3, 2024
Cash flows from operating activities:
  Net income$518,518 $392,232 $1,479,604 $1,157,201 
  Adjustments to reconcile net income to net cash provided by operations:
       Depreciation102,542 92,358 301,323 265,530 
       Amortization of intangibles384,750 437,949 1,202,179 1,318,325 
       Stock-based compensation expense84,703 64,051 235,108 192,262 
       Deferred income taxes52,052 (105,218)(97,318)(269,566)
       Other(5,699)10,456 (1,496)23,826 
       Changes in operating assets and liabilities28,239 (36,801)(8,008)114,134 
   Total adjustments646,587 462,795 1,631,788 1,644,511 
Net cash provided by operating activities1,165,105 855,027 3,111,392 2,801,712 
Cash flows from investing activities:
  Purchases of short-term available-for-sale investments
(1,150,240)(14,784)(1,150,240)(438,901)
  Maturities of short-term available-for-sale investments
— — 372,778 — 
  Additions to property, plant and equipment, net(79,153)(153,886)(318,399)(565,053)
  Proceeds from sale of property, plant and equipment, net
— — 58,892 — 
  Payments for acquisitions, net of cash acquired— — (45,652)— 
  Other(715)(3,396)(13,595)10,710 
Net cash used for investing activities(1,230,108)(172,066)(1,096,216)(993,244)
Cash flows from financing activities:
  Proceeds from debt1,490,785 — 1,490,785 1,087,856 
  Debt repayments— — (399,998)— 
  Proceeds from commercial paper notes2,551,168 2,326,091 6,867,508 7,709,492 
  Payments of commercial paper notes(2,551,223)(2,326,883)(6,866,581)(7,709,273)
  Repurchase of common stock(1,075,152)(117,980)(1,484,166)(520,712)
  Dividend payments to shareholders(490,161)(456,485)(1,437,521)(1,338,703)
  Proceeds from employee stock plans42,767 52,019 104,329 116,355 
  Other41,775 6,614 40,317 (5,512)
Net cash provided by (used for) financing activities9,959 (516,624)(1,685,327)(660,497)
Net (decrease) increase in cash and cash equivalents(55,044)166,337 329,849 1,147,971 
Cash and cash equivalents at beginning of period2,376,235 1,939,695 1,991,342 958,061 
Cash and cash equivalents at end of period$2,321,191 $2,106,032 $2,321,191 $2,106,032 





ANALOG DEVICES, INC.
REVENUE TRENDS BY END MARKET
(Unaudited)
(In thousands)

The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data and our methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.
Three Months Ended
August 2, 2025August 3, 2024
Revenue
% of Revenue1
Y/Y%Revenue
% of Revenue1
Industrial$1,285,041 45%23%$1,045,291 45%
Automotive
850,619 30%22%694,905 30%
Consumer372,197 13%21%306,832 13%
Communications372,491 13%40%265,181 11%
Total revenue$2,880,348 100%25%$2,312,209 100%
Nine Months Ended
August 2, 2025August 3, 2024
Revenue
% of Revenue1
Y/Y%Revenue
% of Revenue1
Industrial$3,502,751 44%9%$3,223,111 46%
Automotive
2,445,391 31%14%2,136,173 31%
Consumer1,009,614 13%24%817,436 12%
Communications985,834 12%22%807,232 12%
Total revenue$7,943,590 100%14%$6,983,952 100%
1) The sum of the individual percentages may not equal the total due to rounding.





ANALOG DEVICES, INC.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(Unaudited)
(In thousands, except per share amounts)
Three Months EndedNine Months Ended
Aug. 2, 2025Aug. 3, 2024Aug. 2, 2025Aug. 3, 2024
Gross margin$1,789,748 $1,311,239 $4,831,661 $3,965,215 
  Gross margin percentage62.1 %56.7 %60.8 %56.8 %
      Acquisition related expenses204,756 259,296 662,865 778,821 
Adjusted gross margin$1,994,504 $1,570,535 $5,494,526 $4,744,036 
  Adjusted gross margin percentage69.2 %67.9 %69.2 %67.9 %
Operating expenses$971,720 $819,920 $2,844,376 $2,501,809 
  Percent of revenue33.7 %35.5 %35.8 %35.8 %
      Acquisition related expenses(188,015)(188,882)(564,045)(571,504)
      Special charges, net(4,348)(12,282)(69,980)(34,399)
Adjusted operating expenses$779,357 $618,756 $2,210,351 $1,895,906 
  Adjusted operating expenses percentage27.1 %26.8 %27.8 %27.1 %
Operating income$818,028 $491,319 $1,987,285 $1,463,406 
  Operating margin28.4 %21.2 %25.0 %21.0 %
      Acquisition related expenses392,771 448,178 1,226,910 1,350,325 
      Special charges, net4,348 12,282 69,980 34,399 
Adjusted operating income$1,215,147 $951,779 $3,284,175 $2,848,130 
  Adjusted operating margin42.2 %41.2 %41.3 %40.8 %
Nonoperating expense (income)$54,619 $68,328 $162,372 $202,394 
      Acquisition related expenses 2,150 2,150 6,450 6,450 
Adjusted nonoperating expense (income)$56,769 $70,478 $168,822 $208,844 
Income before income taxes$763,409 $422,991 $1,824,913 $1,261,012 
     Acquisition related expenses390,621 446,028 1,220,460 1,343,875 
     Special charges, net4,348 12,282 69,980 34,399 
Adjusted income before income taxes$1,158,378 $881,301 $3,115,353 $2,639,286 
Provision for income taxes$244,891 $30,759 $345,309 $103,811 
Effective income tax rate32.1 %7.3 %18.9 %8.2 %
     Tax related items(106,855)64,036 15,780 188,995 
Adjusted provision for income taxes$138,036 $94,795 $361,089 $292,806 
Adjusted tax rate11.9 %10.8 %11.6 %11.1 %
Diluted EPS$1.04 $0.79 $2.97 $2.32 
      Acquisition related expenses0.79 0.89 2.45 2.69 
      Special charges, net0.01 0.02 0.14 0.07 
      Tax related items0.22 (0.13)(0.03)(0.38)
Adjusted diluted EPS*$2.05 $1.58 $5.53 $4.71 
* The sum of the individual per share amounts may not equal the total due to rounding.


ANALOG DEVICES, INC.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(Unaudited)
(In thousands)

Trailing Twelve MonthsThree Months Ended
Aug. 2, 2025Aug. 2, 2025May 3, 2025Feb. 1, 2025Nov. 2, 2024
Revenue$10,386,795 $2,880,348 $2,640,068 $2,423,174 $2,443,205 
Net cash provided by operating activities$4,162,209 $1,165,105 $819,478 $1,126,809 $1,050,817 
% of Revenue40 %40 %31 %47 %43 %
Capital expenditures$(483,809)$(79,153)$(90,268)$(148,978)$(165,410)
Free cash flow$3,678,400 $1,085,952 $729,210 $977,831 $885,407 
% of Revenue35 %38 %28 %40 %36 %




ANALOG DEVICES, INC.
RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS
(Unaudited)

Three Months Ending November 1, 2025
ReportedAdjusted
Revenue$3.0 Billion $3.0 Billion
(+/- $100 Million)(+/- $100 Million)
Operating margin30.5% 43.5% (1)
(+/-150 bps)(+/-100 bps)
Nonoperating expenses
~ $55-$60 Million
~ $55-$60 Million
Tax rate11% - 13%11% - 13% (2)
Earnings per share$1.53 $2.22 (3)
(+/- $0.10)(+/- $0.10)

(1) Includes $391 million of adjustments related to acquisition related expenses as previously defined in the Non-GAAP Financial Information section of this press release.
(2) Includes $51 million of tax effects associated with the adjustment for acquisition related expenses noted above.
(3) Includes $0.69 of adjustments related to the net impact of acquisition related expenses and the tax effects on those items.

For more information, please contact:

Jeff Ambrosi
781-461-3282
Senior Director, Investor Relations
investor.relations@analog.com