ADI · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

ANALOG DEVICES INC · 2026-08-19 · Importance 63 · Surprise 64

The third-quarter effective tax rate decreased to 13.3% from 32.1%, reducing tax provision by $39.1 million to $205.8 million. The nine-month effective tax rate decreased to 12.3% from 18.9%, although the nine-month tax provision increased $124.0 million to $469.3 million because of higher pretax income. Current-year rates were below the 21% U.S. statutory rate because income was earned in foreign jurisdictions with lower statutory rates. The prior-year third-quarter rate was elevated by a $153.8 million deferred tax expense from remeasurement of GILTI-related deferred tax assets and liabilities following the One Big Beautiful Bill Act.

Key facts

• Provision for income taxes for three months ended August 1, 2026: $205,779 source
• Provision for income taxes for nine months ended August 1, 2026: $469,302 source
• Effective income tax rate for three months ended August 1, 2026: 13.3% source
• Effective income tax rate for nine months ended August 1, 2026: 12.3% source