Analog Devices, Inc. 2026年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ANALOG DEVICES, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME Net income See accompanying notes. ANALOG DEVICES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) ANALOG DEVICES, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1 – Basis of Presentation In the opinion of management, the information furnished in the accompanying condensed consolidated financial statements reflectsall normal recurring adjustments that are necessary to fairly state the results for these interim periods and should be read in conjunctionwith Analog Devices, Inc.’s (the Company) Annual Report on Form 10-K for the fiscal year ended November1, 2025 (fiscal 2025) The Company has a 52-53 week fiscal year that ends on the Saturday closest to the last day in October. Certain prior-year amountshave been reclassified to conform to the fiscal 2026 presentation. Note 2 – Shareholders’ Equity As of January31, 2026, the Company’s Board of Directors had authorized the repurchase of an aggregate of $26.7billion of itscommon stock under its common stock repurchase program and $9.1 billion remained available for repurchases under the program. Note 3 – Accumulated Other Comprehensive (Loss) Income The following table provides the changes in accumulated other comprehensive (loss) income (AOCI) by component and therelated tax effects during the first three months of fiscal 2026. The amounts reclassified out of AOCI into the Condensed Consolidated Statements of Income and the Condensed ConsolidatedStatements of Shareholders’ Equity with presentation location during each period were as follows: Note 4 – Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: Note 5 – Special Charges, Net Liabilities related to special charges, net are included in Accrued liabilities in the Condensed Consolidated Balance Sheets. Theactivity is detailed below: Accrued Special Charges The Company recorded net special charges of $32.4million as part of its Global Repositioning Actions in the three monthsended January31, 2026. The Global Repositioning Actions were part of a transformation initiative aimed at aligning the Company’senterprise strategy and organizational design and streamlining its operations to achieve its long-term strategic plan. The special charges During the first quarter of fiscal 2026, the Company entered into a sublease agreement for its leased property in San Jose,California. As a result of the sublease transaction, the Company recorded an impairment charge of $15.6million in net special charges,which represented the excess carrying value of the associated asset group over its estimated fair value. The Company estimated fair Note 6 – Industry and Segment Information The Company’s Chair and Chief Executive Officer has been identified as its Chief Operating Decision Maker (CODM). Thefollowing table presents a summary of consolidated net income inclusive of significant segment expenses and other expenseinformation provided to the CODM: Revenue Trends by End Market The following table summarizes revenue by end market. The categorization of revenue by end market is determined using avariety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customerinformation and the end customer product or application into which the Company’s product will be incorporated. The assignment ofproducts to end markets may change over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Revenue by Sales Channel The following table summarizes revenue by sales channel. The Company sells its products globally through a direct sales force,third-party distributors, independent sales representatives and via its website. Distributors are customers that buy products with theintention of reselling them. Direct customers are non-distributor customers and consist pr