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US fighter pilots fly F-16, F-15 jets while controlling drones in sky-combat test

US fighter pilots fly F-16, F-15 jets while controlling drones in sky-combat test

Yahoo05-07-2025
In a significant milestone for next-generation air combat, the US Air Force has successfully demonstrated real-time manned-unmanned teaming in a combat-representative environment.
During a high-fidelity training event over Eglin Air Force Base, Florida, pilots flying an F-16C Fighting Falcon and an F-15E Strike Eagle each controlled two XQ-58A Valkyrie drones, marking one of the most advanced operational evaluations of semi-autonomous collaborative platforms (ACPs) to date.
This exercise reflects the US Air Force's strategic focus on integrating autonomous combat systems into existing force structures to maintain air superiority in increasingly contested battlespaces.
Designed as low-cost, runway-independent platforms, ACPs such as the Valkyrie are intended to operate with high autonomy under human supervision, conducting high-risk missions ranging from strike to surveillance to electronic warfare.
According to Air Combat Command (ACC), the successful execution of this mission validated key aspects of aircrew-drone integration. Operators controlled the drones mid-flight, delegating tactical tasks while retaining oversight, significantly reducing cockpit workload, increasing mission survivability, and preserving ethical control over lethal effects.
'This test with ACPs directly addresses the evolving requirements of modern warfare and the needs articulated by our warfighters,' said Gen. Ken Wilsbach, Commander, ACC.
'We are committed to integrating ACPs through operator-driven evaluations that enable rapid iteration and sharpen our combat edge. This approach is essential to maintaining air dominance and ensuring joint force effectiveness in the complex operating environments ahead.'
The Department of Defense's Rapid Defense Experimentation Reserve (RDER) supported the demonstration, which was jointly executed by the Air Force Research Laboratory (AFRL), Air Force Test Center, ACC, and the US Navy.
This cross-service collaboration underscores a broader effort to fast-track artificial intelligence and autonomy into operational concepts, ahead of near-peer threats.
The XQ-58A Valkyrie, developed by Kratos Defense, has been the leading testbed for Collaborative Combat Aircraft (CCA) programs.
With a combat radius exceeding 2,000 nautical miles, modular payload bays, and a mission autonomy architecture, the Valkyrie complements fifth-generation fighters by acting as a sensor node, jamming platform, or even a decoy or strike asset.
Unlike traditional UAVs, ACPs like the Valkyrie are optimized to operate in GPS-denied, heavily contested airspace, pushing unmanned systems into roles traditionally reserved for crewed platforms.
Brig. Gen. Jason Bartolomei, Commander of AFRL, highlighted the significance of this event: 'With this flight, we take a decisive step toward operationalizing human-machine teaming. These platforms will allow us to adapt quickly, increase combat effectiveness, and reduce risk to aircrews in high-threat environments.'
Data from the flight will inform future CCA development and integration across the Department of Defense.
The objective is to enable individual aircraft to control drones and establish networked autonomy, where multiple unmanned platforms coordinate with each other and their crewed wingmen in dynamic combat conditions.
As adversary capabilities grow, the USAF aims to field a family of manned-unmanned teams capable of massing fires, saturating defenses, and executing multi-domain missions at scale.
The recent success at Eglin AFB is a concrete step toward that future, where autonomous drones expand combat reach without increasing human risk.
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Exclusive-Amazon looks to ditch homegrown software for Android in Fire tablet revamp, sources say
Exclusive-Amazon looks to ditch homegrown software for Android in Fire tablet revamp, sources say

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Exclusive-Amazon looks to ditch homegrown software for Android in Fire tablet revamp, sources say

By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers and app developers over the company's homegrown operating system. As part of a project known internally as Kittyhawk, Amazon plans to release a higher-end tablet as soon as next year offering the Android operating system software for the first time, according to six people familiar with the matter. Since the Fire tablet's introduction in 2011, Amazon has used what is known as a 'forked' version of Android with custom modifications that make it work like a unique operating system. Amazon has long sought to undercut hardware rivals with inexpensive tablets and other devices that serve as a doorway to the firm's digital content, like e-books, videos and music. The devices have typically sold at or near manufacturing cost. But the focus on simplicity has held back sales, particularly among consumers who seek higher-performing devices. The multiyear project to switch to Android marks a philosophical change for the online retail giant, which has eschewed third-party operating systems and software in favor of its own. As a result, Amazon has offered its own app store requiring developers to make separate versions of their apps for Fire tablets, limiting the store's variety. If Kittyhawk is successful, Fire tablets could be more desirable for consumers who crave compatibility with other Android devices, the people said. They cautioned that Kittyhawk could be delayed or cancelled over financial or other concerns. Amazon declined to comment, saying it does not respond to rumors or speculation. 'Consumers have always expressed a concern about not having access to the latest Android versions, not having access to some of their apps because Amazon used their own store,' said Jitesh Ubrani, a researcher at IT advisory firm IDC. 'It's meant more work for developers in this day and age of largely free apps or services.' Ubrani noted that Amazon has nonetheless sold many millions of the tablets. Amazon has forfeited profits on the devices themselves in favor of making money on selling their associated services, like streaming movie rentals. But such inexpensive devices typically come with compromises like lower screen quality or battery life compared with pricier options. Amazon is the world's fourth-largest tablet seller, with 8% of the market, just behind Lenovo's 8.2%, according to second-quarter IDC data. Apple and Samsung were the market leaders with 33.1% and 18.7%, respectively. PRICIER TABLET The first Amazon Android tablet, slated for next year, will be pricier than current models, the people said. One of them said Amazon had discussed a $400 price tag, nearly double the cost of its current higher-end $230 Fire Max 11 tablet. IPads, by comparison, range from $350 to $1,200. Reuters could not learn additional specifications for the planned Amazon tablet, such as screen size and speaker quality or memory capacity. Amazon historically has avoided using software or other products from third parties, preferring to develop the services in-house or, barring that, to acquire a competitor. The Fire Phone smartphone championed by Amazon founder Jeff Bezos and released in 2014 failed to win over buyers in part because of its reliance on Fire OS, as well as its high price tag. Amazon canceled the device and took a $170 million writedown. But the Seattle retailer has more recently shown a willingness to use rivals' services, particularly through its investment in startup Anthropic, whose Claude artificial intelligence software is the primary underpinning of Amazon's Alexa+ voice assistant and a chatbot used by employees known as Cedric. The new Fire tablet, the people said, will use the open-source version of Android, meaning it does not require direct coordination with Google and can be customized. Amazon is planning to roll out some lower-priced tablets with its Linux-based Vega operating system now in some Fire TV devices, some of the people said. The full slate of tablets will eventually be powered by a version of Android, the people said. The Fire project's internal code name of Kittyhawk seems to derive from the North Carolina town near where the Wright brothers conducted the first powered flight in 1903. But it is also the name of a failed flying car startup backed by Google co-founder Larry Page that burned through hundreds of millions in cash. Amazon declined to discuss the meaning behind its Kittyhawk project name. Sign in to access your portfolio

SoFi teams up with Lightspark on blockchain remittances
SoFi teams up with Lightspark on blockchain remittances

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SoFi teams up with Lightspark on blockchain remittances

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Analog Devices Reports Fiscal Third Quarter 2025 Financial Results
Analog Devices Reports Fiscal Third Quarter 2025 Financial Results

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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., Aug. 20, 2025 /PRNewswire/ -- 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 EndedAug. 2, 2025Aug. 3, 2024Change Revenue $ 2,880$ 2,31225 % Gross margin $ 1,790$ 1,31136 % Gross margin percentage 62.1 %56.7 %540 bps Operating income $ 818$ 49167 % Operating margin 28.4 %21.2 %720 bps Diluted earnings per share $ 1.04$ 0.7932 % ‌Adjusted Results(2)Adjusted gross margin $ 1,995$ 1,57127 % Adjusted gross margin percentage 69.2 %67.9 %130 bps Adjusted operating income $ 1,215$ 95228 % Adjusted operating margin 42.2 %41.2 %100 bps Adjusted diluted earnings per share $ 2.05$ 1.5830 % ‌ Three Months EndedTrailing Twelve Months Cash Generation Aug. 2, 2025Aug. 2, 2025 Net cash provided by operating activities $ 1,165$ 4,162 % of revenue 40 %40 % Capital expenditures $ (79)$ (484) Free cash flow(2) $ 1,086$ 3,678 % of revenue 38 %35 % ‌ Three Months EndedTrailing Twelve Months Cash Return Aug. 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 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 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 EndedAug. 2, 2025Aug. 3, 2024Aug. 2, 2025Aug. 3, 2024 Revenue $ 2,880,348$ 2,312,209$ 7,943,590$ 6,983,952 Cost of sales 1,090,6001,000,9703,111,9293,018,737 Gross margin 1,789,7481,311,2394,831,6613,965,215 Operating expenses: Research and development 454,251362,6711,298,9801,108,960 Selling, marketing, general and administrative 325,706257,213913,171791,420 Amortization of intangibles 187,415187,754562,245567,030 Special charges, net 4,34812,28269,98034,399 Total operating expenses 971,720819,9202,844,3762,501,809 Operating income 818,028491,3191,987,2851,463,406 Nonoperating expense (income): Interest expense 79,59285,179229,559239,423 Interest income (27,083)(26,432)(72,295)(50,870) Other, net 2,1109,5815,10813,841 Total nonoperating expense (income) 54,61968,328162,372202,394 Income before income taxes 763,409422,9911,824,9131,261,012 Provision for income taxes 244,89130,759345,309103,811 Net income $ 518,518$ 392,232$ 1,479,604$ 1,157,201 ‌Shares used to compute earnings per common share - basic 494,390496,338495,560496,077 Shares used to compute earnings per common share - diluted 496,726498,794497,865498,689 ‌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 ASSETSCurrent AssetsCash and cash equivalents $ 2,321,191$ 1,991,342 Short-term investments 1,148,096371,822 Accounts receivable 1,553,2591,336,331 Inventories 1,596,8531,447,687 Prepaid expenses and other current assets 305,170337,472 Total current assets 6,924,5695,484,654 Non-current AssetsNet property, plant and equipment 3,299,2783,415,550 Goodwill 26,945,18026,909,775 Intangible assets, net 8,402,6309,585,464 Deferred tax assets 1,925,4422,083,752 Other assets 695,502749,082 Total non-current assets 41,268,03242,743,623 TOTAL ASSETS $ 48,192,601$ 48,228,277 LIABILITIES AND SHAREHOLDERS' EQUITYCurrent LiabilitiesAccounts payable $ 490,723$ 487,457 Income taxes payable 475,033447,379 Debt, current —399,636 Commercial paper notes 548,665547,738 Accrued liabilities 1,464,6171,106,070 Total current liabilities 2,979,0382,988,280 Non-current LiabilitiesLong-term debt 8,139,9386,634,313 Deferred income taxes 2,371,5362,624,392 Income taxes payable 99,880260,486 Other non-current liabilities 516,367544,489 Total non-current liabilities 11,127,72110,063,680 Shareholders' EquityPreferred 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) 81,99482,718 Capital in excess of par value 23,938,23825,082,243 Retained earnings 10,238,69510,196,612 Accumulated other comprehensive loss (173,085)(185,256) Total shareholders' equity 34,085,84235,176,317 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 EndedAug. 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: Depreciation 102,54292,358301,323265,530 Amortization of intangibles 384,750437,9491,202,1791,318,325 Stock-based compensation expense 84,70364,051235,108192,262 Deferred income taxes 52,052(105,218)(97,318)(269,566) Other (5,699)10,456(1,496)23,826 Changes in operating assets and liabilities 28,239(36,801)(8,008)114,134 Total adjustments 646,587462,7951,631,7881,644,511 Net cash provided by operating activities 1,165,105855,0273,111,3922,801,712 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 debt 1,490,785—1,490,7851,087,856 Debt repayments ——(399,998)— Proceeds from commercial paper notes 2,551,1682,326,0916,867,5087,709,492 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 plans 42,76752,019104,329116,355 Other 41,7756,61440,317(5,512) Net cash provided by (used for) financing activities 9,959(516,624)(1,685,327)(660,497) Net (decrease) increase in cash and cash equivalents (55,044)166,337329,8491,147,971 Cash and cash equivalents at beginning of period 2,376,2351,939,6951,991,342958,061 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 Months EndedAugust 2, 2025August 3, 2024Revenue% of Revenue1Y/Y%Revenue% of Revenue1 Industrial $ 1,285,04145 %23 %$ 1,045,29145 % Automotive 850,61930 %22 %694,90530 % Consumer 372,19713 %21 %306,83213 % Communications 372,49113 %40 %265,18111 % Total revenue $ 2,880,348100 %25 %$ 2,312,209100 % ‌ Nine Months EndedAugust 2, 2025August 3, 2024Revenue% of Revenue1Y/Y%Revenue% of Revenue1 Industrial $ 3,502,75144 %9 %$ 3,223,11146 % Automotive 2,445,39131 %14 %2,136,17331 % Consumer 1,009,61413 %24 %817,43612 % Communications 985,83412 %22 %807,23212 % Total revenue $ 7,943,590100 %14 %$ 6,983,952100 % 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 EndedAug. 2, 2025Aug. 3, 2024Aug. 2, 2025Aug. 3, 2024 Gross margin $ 1,789,748$ 1,311,239$ 4,831,661$ 3,965,215 Gross margin percentage 62.1 %56.7 %60.8 %56.8 % Acquisition related expenses 204,756259,296662,865778,821 Adjusted gross margin $ 1,994,504$ 1,570,535$ 5,494,526$ 4,744,036 Adjusted gross margin percentage 69.2 %67.9 %69.2 %67.9 % ‌Operating expenses $ 971,720$ 819,920$ 2,844,376$ 2,501,809 Percent of revenue 33.7 %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 percentage 27.1 %26.8 %27.8 %27.1 % ‌Operating income $ 818,028$ 491,319$ 1,987,285$ 1,463,406 Operating margin 28.4 %21.2 %25.0 %21.0 % Acquisition related expenses 392,771448,1781,226,9101,350,325 Special charges, net 4,34812,28269,98034,399 Adjusted operating income $ 1,215,147$ 951,779$ 3,284,175$ 2,848,130 Adjusted operating margin 42.2 %41.2 %41.3 %40.8 % ‌Nonoperating expense (income) $ 54,619$ 68,328$ 162,372$ 202,394 Acquisition related expenses 2,1502,1506,4506,450 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 expenses 390,621446,0281,220,4601,343,875 Special charges, net 4,34812,28269,98034,399 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 rate 32.1 %7.3 %18.9 %8.2 % Tax related items (106,855)64,03615,780188,995 Adjusted provision for income taxes $ 138,036$ 94,795$ 361,089$ 292,806 Adjusted tax rate 11.9 %10.8 %11.6 %11.1 % ‌Diluted EPS $ 1.04$ 0.79$ 2.97$ 2.32 Acquisition related expenses 0.790.892.452.69 Special charges, net 0.010.020.140.07 Tax related items 0.22(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 EndedAug. 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 Revenue 40 %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 Revenue 35 %38 %28 %40 %36 % ANALOG DEVICES, INC. RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS (Unaudited) ‌Three Months Ending November 1, 2025ReportedAdjusted Revenue $3.0 Billion $3.0 Billion (+/- $100 Million)(+/- $100 Million) Operating margin 30.5 %43.5 %(1)(+/-150 bps)(+/-100 bps) Nonoperating expenses ~ $55-$60 Million~ $55-$60 Million Tax rate 11% - 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 Ambrosi781-461-3282Senior Director, Investor View original content to download multimedia: SOURCE Analog Devices, Inc.

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