ANALOG DEVICES INC (ADI) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that ANALOG DEVICES INC surfaced in its latest filing.

• In April 2025, the Department of Commerce launched a Section 232 investigation into imported semiconductors and semiconductor manufacturing equipment, which may lead to additional tariffs and trade restrictions.April 2025
• The CHIPS and Science Act of 2022 provides financial incentives that may not be available to us on acceptable terms or at all, and such programs typically require adherence to performance obligations we may not achieve, potentially strengthening competitors' relative position.2022
• The OECD's Base Erosion and Profit Sharing Plans, implementing a minimum global effective tax rate of 15%, applied to us beginning in fiscal year 2025.2025
• We are under IRS income tax audit for the fiscal years ended October 30, 2021, November 2, 2019, and November 3, 2018.
• We are under IRS income tax audit for Maxim Integrated Products, Inc.'s fiscal years ended June 27, 2015 through August 26, 2021.
• We are under Irish corporate tax audit for fiscal 2021.
• Revenue is derived from contracts with agencies of the United States government and subcontracts with its prime contractors, subject to the Federal Acquisition Regulations, and U.S. government contracts contain provisions and are subject to laws and regulations that give the government rights and remedies not typically found in commercial contracts.
• Issued $750 million Sustainability-Linked Senior Notes on October 5, 2021, bearing interest at 1.7% per annum, increasing by 30 basis points from April 1, 2026 to maturity on October 1, 2028 unless the Sustainability Performance Target is satisfied.October 5, 2021
• Approximately $8.6 billion in outstanding indebtedness as of November 1, 2025, including $446.6 million of short-term commercial paper, with ability to incur approximately $2.6 billion of additional indebtedness under the commercial paper facility.November 1, 2025