Dear Valued Customer,

Happy New Year!

Thank you for the trust and confidence you have placed in Analog Devices. Nothing is more important to us than helping our customers succeed, and we deeply appreciate your collaboration in strengthening our partnership.

I want to take this opportunity to update you on ADI’s improved lead times for our products in 2023. As of today, half of our portfolio has fewer than 13 weeks of lead time. This improvement will continue steadily over the coming months, and we expect lead times for 95% of our portfolio (75k+ unique parts) to be at 13 weeks or less by October of this year.

Given ADI’s lead-time improvement, now is a good opportunity for both of us to look at your orders placed with ADI and assess your real-time needs in this improving supply-chain environment. If you have an ADI account manager, they will reach out to you soon to understand your requirements. The more we know, the better we can serve you, as we’ll be able to focus on building the products you need in a timely fashion.

Thank you in advance for participating in this effort, and I look forward to partnering with you again in this new year.

Sincerely,

Anelise Sacks
Chief Customer Officer

Anelise Sacks

Forward Looking Statements

This letter contains forward-looking statements regarding, among other things, statements regarding our expected portfolio lead times, orders for our products, and changes in the supply-chain environment. 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. 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.