Semiconductors and electronic components

“The competitiveness of our products depends on a number of factors including, performance, total cost of ownership, timely product introductions, product quality and reliability, product features and capabilities, energy efficiency (including power consumption and battery life, given their impact on total cost of ownership), size (or form factor), selling price, cost, adherence to industry standards (and the creation of open industry standards), level of integration, software and hardware compatibility, ease of use and functionality of software design tools, completeness of applicable software solutions, security and stability, brand recognition and availability.”

Annual report 2025A · The company itself

“Any decrease in manufacturing yields could result in an increase in per unit costs, which would adversely impact our gross margin and/or force us to allocate our reduced product supply amongst our customers, which could harm our relationships and reputation with our customers and materially adversely affect our business.”

Annual report 2025A · The company itself

“Excess or obsolete inventory have resulted in, and may in the future result in, write-downs of the value of our inventory. Factors that may result in excess or obsolete inventory, a reduction in the average selling price, or a reduction in our gross margin include: a sudden or significant decrease in demand for our products; a production or design defect in our products; a higher incidence of inventory obsolescence because of rapidly changing technology and customer requirements; a failure to accurately estimate customer demand for our products, including for our older products as our new products are introduced; or our competitors introducing new products or taking aggressive pricing actions.”

Annual report 2025A · The company itself

“Manufacturing Arrangements and Assembly and Test Facilities Third-Party Wafer Foundry Facilities We utilize Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of wafers for our HPC, FPGA and adaptive SoC products and GLOBALFOUNDRIES Inc. (GF), with respect to wafer purchases for our HPC products at the 12 nm and 14 nm technology nodes.”

Annual report 2025A · The company itself

“Adverse changes in economic conditions could increase costs of memory, equipment, materials or substrates and other supply chain expenses. For example, there is currently an industry-wide memory shortage as the demand for such components has outpaced supply. The price of memory has also increased as a result of the shortage. If we are not able to procure a stable supply of materials, including memory, on an ongoing basis and at reasonable costs to meet our production requirements, we could experience a supply shortage or an increase in production costs, which could negatively impact our gross margin and materially adversely affect our business.”

Annual report 2025A · The company itself

“Certain equipment and materials that are used in the manufacture of our products are available only from a limited number of suppliers, or in some cases, a sole supplier. We also depend on a limited number of suppliers to provide the majority of certain types of IC packages for our microprocessors, including our APU products. Similarly, certain non-proprietary materials or components such as memory, printed circuit boards (PCBs), interposers, substrates and capacitors used in the manufacture of our products are currently available from only a limited number of suppliers.”

Annual report 2025A · The company itself

“For example, there is currently an industry-wide memory shortage as the demand for such components has outpaced supply. The price of memory has also increased as a result of the shortage. If we are unable to procure a stable supply of memory, equipment, materials or substrates of acceptable quality on an ongoing basis and at reasonable costs to meet our production requirements, we could experience a shortage in memory, equipment, materials or substrate supply or an increase in production costs, which could have a material adverse effect on our business.”

Annual report 2025A · The company itself

“From time to time, suppliers may extend lead times, limit supply or increase prices due to capacity constraints or other factors. Also, some of these materials and components may be subject to rapid changes in price, quality and availability. Interruption of supply or increased demand in the industry could cause shortages and price increases in various essential materials. Dependence on a sole supplier or a limited number of suppliers exacerbates these risks.”

Annual report 2025A · The company itself

“Table of Contents We depend on third-party companies for the design, manufacture and supply of motherboards, software, memory and other computer platform components to support our business and products. We depend on third-party companies for the design, manufacture and supply of motherboards, graphics cards, software (e.g., BIOS, operating systems, drivers, AI models or tools), memory and other components that we use to design, support and sell, and our customers utilize to support and/or use our product offerings.”

Annual report 2025A · The company itself

“Research and Development We focus our research and development (R&D) activities on designing and developing products. Our main area of focus is on delivering the next generation of processors (CPU and GPU), FPGAs and adaptive SoCs, accelerators (adaptive, graphics and DPU), SOMs and AI NICs, and the associated software for these products. We focus on designing, with security in mind, new integrated circuits (ICs) with improved performance and performance-per-watt in advanced semiconductor manufacturing processes, the design of logic and interface IP, advanced packaging technologies, and heterogeneous integration technologies.”

Annual report 2025A · The company itself

“For example, we are investing significant resources in our cloud computing solutions and platform, working on expanding capacity, adding additional sites and developing increased cloud computing features and functionality. Success in these efforts is not guaranteed and will largely depend on our ability to create products that are competitive in the enterprise market, source additional co-location facilities, manage an uncertain supply chain for server related hardware and adapt our offerings to new or emerging technologies and changes in customer requirements, including those related to AI workloads.”

Annual report 2025A · The company itself

“This is particularly true with respect to our AI and cloud computing solutions, as a small number of very large competitors have established themselves as incumbents in these industries and exert significant purchasing power and priority access to servers, memory, co-location capacity and power.”

Annual report 2025A · The company itself

“Akamai's platforms, products and services rely on hardware equipment, including hundreds of thousands of servers deployed around the world. Increasing demand and manufacturing limitations for certain necessary equipment or components may significantly impact pricing and availability.”

Annual report 2025A · The company itself

“With the build out of our compute platform, we are experiencing a significant increase in server and memory costs due to market dynamics driven by hyperscalers. These cost increases will increase our future capital expenditures and resulting depreciation expense. •Growth in our international operations incrementally increases our exposure to foreign currency fluctuations.”

Annual report 2025A · The company itself

“In particular, our co-location costs, bandwidth fees, depreciation of network equipment and amortization of internal-use software is expected to increase as we continue to invest in our compute platform to provide us the ability to scale. Due to the market dynamics driven by the hyperscalers, we are also experiencing price increases for co-location, server and memory costs, which will increase our co-location costs and depreciation of network equipment.”

Annual report 2025A · The company itself

“increasing challenges with supply of memory chips have been seen, which have caused an allocation situation”

Annual report 2025A · The company itself

“increasing challenges with supply of memory chips have been seen, which have caused an allocation situation”

Annual report 2025A · The company itself

“The global materials supply situation appears relatively stable, but recently, increasing challenges with supply of memory chips have been seen, which have caused an allocation situation with rising supply chain issues.”

Annual report 2025A · The company itself

“Solid safety focus with decline in LTIFR to 0.4 injuries per million working hours Strong profitability uplift expected in 2026 with several improvement initiatives Global uncertainty and soft market demand result in slightly lower revenue Consolidation of manufacturing sites and operational improvements foundation for future development GPV is the second-largest Europeanheadquartered EMS (Electronics Manufacturing Services) business. GPV offers services such as design, production, assembly, and testing of solutions in electronics, mechanics, cable harness, and mechatronics for a range of leading international customers. GPV’s solutions are used in customer end-products within the market segments Industrials, Measurement & Control, Transport, CleanTech, BuildingTech, HighTech Consumer, MedTech, and Defence.”

Annual report 2025A · The company itself

“HydraSpecma is a trading and engineering company specialised in designing and constructing state-of-the-art hydraulic and electric systems, including turnkey solutions in cooling, filtration and lubrication, as well as fluid conveyance with pipes, hoses, connectors and fittings.”

Annual report 2025A · The company itself

“Intraoral digital scans may be submitted through Align’s iTero scanner or certain third-party scanners capable of accurately interfacing with our systems and processes.”

Annual report 2025A · The company itself

“Moreover, we are highly dependent on manufacturers of specialized scanning equipment, rapid prototyping machines, resin and other advanced materials for our clear aligners, as well as the optics, electronic and other mechanical components of our intraoral scanners. We maintain single or sole source supplier relationships for many of these machines and materials technologies. In particular, our CT scanning and stereolithography equipment used in our clear aligner manufacturing and many of the critical components for the optics of our intraoral scanners are provided by single or sole source suppliers.”

Annual report 2025A · The company itself

“Our ability to deploy certain AI technologies critical for our products and services and for our business strategy may depend on the availability and pricing of third-party equipment and other technical infrastructure operations costs, including network capacity, energy, and equipment costs.”

Annual report 2025A · The company itself

“Additionally, manufacturing and supply of servers and network equipment for our technical infrastructure, particularly for specialized AI chips, is limited to a small number of qualified suppliers.”

Annual report 2025A · The company itself

“For example, industry supply capacity for AI accelerators, including GPUs as well as our custom-built TPUs, is highly competitive and rapidly evolving. If we are unable to negotiate favorable contractual terms or our competitors claim the supply or capacity first, we may face increased costs and supply constraints, which could harm our business, financial condition, and operating results.”

Annual report 2025A · The company itself

“In addition, new and enhanced technologies, including search, web and infrastructure computing services, practical applications of artificial intelligence and machine learning, digital content, satellites, and electronic devices continue to increase our competition.”

Annual report 2025A · The company itself

“For example, we rely on a limited group of suppliers for semiconductor products, including products related to artificial intelligence infrastructure such as graphics processing units. Constraints on the availability of these products could adversely affect our ability to develop and operate artificial intelligence technologies, products, or services.”

Annual report 2025A · The company itself

“Our Supplier Relationships Subject Us to a Number of Risks We have significant suppliers, including content and technology licensors, and in some cases, limited or single-sources of supply, that are important to our sourcing, services, manufacturing, and any related ongoing servicing of merchandise and content. We do not have long-term arrangements with most of our suppliers to guarantee availability of merchandise, content, components, or services, particular payment terms, or the extension of credit limits.”

Annual report 2025A · The company itself

“We also purchase electronic device components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, we enter into agreements with contract manufacturers and suppliers for certain electronic device components.”

Annual report 2025A · The company itself

“We also manufacture and sell electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and we develop and produce media content.”

Annual report 2025A · The company itself

“We carry a broad selection and significant inventory levels of certain products, such as consumer electronics, and at times we are unable to sell products in sufficient quantities or to meet demand during the relevant selling seasons.”

Annual report 2025A · The company itself

“critical components, such as electronic parts and medical-grade plastics”

Annual report 2025A · The company itself

“We recognize the importance of monitoring suppliers, especially those providing critical components, such as electronic parts and medical-grade plastics.”

Annual report 2025A · The company itself

“Competition We believe that competitive performance in the marketplace for integrated circuits depends upon multiple factors, including technological innovation, strength of brand, diversity of product portfolio, product performance, technical support, delivery capabilities, customer service quality, reliability and price, with the relative importance of these factors varying among products, markets and customers. We compete with a number of semiconductor companies in markets that are highly competitive. Many companies have sufficient financial, manufacturing, technical, sales and marketing resources to develop and market products that compete with our products.”

Annual report 2025A · The company itself

“These and similar restrictions have created, and may continue to create, uncertainty and caution with our current or prospective customers and may cause them to amass large inventories of our products, replace our products with products from another supplier that is not subject to the export restrictions or focus on building indigenous semiconductor capacity to reduce reliance on U.S. suppliers.”

Annual report 2025A · The company itself

“We face intense competition in the semiconductor industry, and we expect this competition to increase in the future, including from companies located outside of the United States.”

Annual report 2025A · The company itself

“Further, the semiconductor industry is characterized by frequent claims and litigation involving patent and other intellectual property rights. Other companies or individuals have obtained patents covering a variety of semiconductor designs and processes, and we might be required to obtain licenses under some of these patents or be precluded from making and selling infringing products, if those patents are found to be valid and infringed by us. In the event a third party makes a valid intellectual property claim against us and a license is not available to us on commercially reasonable terms, or at all, we could be forced either to redesign or to stop production of products incorporating that intellectual property, and our operating results could be materially and adversely affected.”

Annual report 2025A · The company itself

“We currently source more than half of our wafer requirements annually from third-party wafer foundries, including Taiwan Semiconductor Manufacturing Company (TSMC) and others. These foundries often provide wafer foundry services to our competitors and therefore periods of increased industry demand may result in capacity constraints.”

Annual report 2025A · The company itself

“(we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers’ most complex engineering challenges. We deliver innovations that connect technology to human breakthroughs and play a critical role at the intersection of the physical and digital worlds by providing the building blocks to sense, measure, interpret, connect and power. We design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies.”

Annual report 2025A · The company itself

“Our comprehensive product portfolio, deep domain expertise and advanced manufacturing capabilities extend across high-performance precision and high-speed mixed-signal, power management and processing technologies – including data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors.”

Annual report 2025A · The company itself

“Our analog ICs monitor, condition, amplify or transform continuous analog signals associated with physical properties, such as temperature, pressure, weight, light, sound or motion, and play an important role in bridging real world phenomena to a variety of electronic systems. Our analog ICs also provide voltage regulation and power control to electronic systems.”

Annual report 2025A · The company itself

“Our analog and mixed-signal IC technology have been the foundation of our business for six decades, and we are one of the world’s largest suppliers of high-performance analog ICs.”

Annual report 2025A · The company itself

“Our product offerings include more than 75,000 stock keeping units (SKUs) that can be aggregated into the following general categories: •Analog and Mixed Signal—We are a leading supplier of data converter products. Data converters translate real-world analog signals into digital data and also translate digital data into analog signals. Data converters remain our largest and most diverse product family and an area where we are continuously innovating to enable our customers to redefine and differentiate their products.”

Annual report 2025A · The company itself

“Our high-performance power ICs include powerful performance, integration and software design simulation tools to provide fast and accurate power supply designs. •Amplifiers/RF and Microwave—We are also a leading supplier of high-performance amplifiers which are used to condition analog signals. High performance amplifiers emphasize the performance dimensions of speed and precision. Within this product portfolio we provide precision, instrumentation, high-speed, intermediate frequency/RF/microwave, broadband and other amplifiers. Our analog product line also includes a broad portfolio of high-performance RF and microwave ICs covering the entire RF signal chain.”

Annual report 2025A · The company itself

“Our analog product line also includes a broad portfolio of high-performance RF and microwave ICs covering the entire RF signal chain. Our high-performance RF and microwave ICs support the high-performance requirements of cellular infrastructure and a broad range of applications in our target markets, including instrumentation, aerospace and automotive.”

Annual report 2025A · The company itself

“•Sensors & Actuators—Our analog technology portfolio is comprised of sensor and actuator products, including products based on micro-electro-mechanical systems (MEMS) technology. MEMS technology enables us to build extremely small sensors that incorporate an electromechanical structure and the supporting analog circuitry for conditioning signals obtained from the sensing element. Our MEMS product portfolio includes accelerometers used to sense acceleration, gyroscopes used to sense rotation, inertial measurement units used to sense multiple degrees of freedom combining multiple sensing types along multiple axes, and broadband switches suitable for radio and instrument systems.”

Annual report 2025A · The company itself

“•Digital Signal Processing and System Products (DSPs)—DSPs are optimized for high-speed numeric calculations, which are essential for instantaneous, or real-time, processing of digital data generated, in most cases, from analog to digital signal conversion. Our DSPs are designed to be fully programmable and to efficiently execute specialized software programs, or algorithms, associated with processing digitized real-time, real-world data.”

Annual report 2025A · The company itself

“•Interface—Includes general purpose analog ICs whose primary function is to modify or shape the signal in order to ensure signal integrity for transmission over a distance through a physical medium such as a wire, cable, waveguide or tracks within a printed circuit board. These include devices that shape the signal for transmission over the medium or reconstruct the received signal after transmission to recover the intended signal integrity. •Software, Digital Platforms and Artificial Intelligence—As part of our evolution from a component supplier to a full-system and solutions provider, we recently introduced an upgrade to our open-source embedded development platform, CodeFusion Studio 2.0, designed to support embedded system design through integrated workflows for signal processing, edge computing and connectivity.”

Annual report 2025A · The company itself

“Department of Commerce has initiated an investigation under Section 232 of the Trade Expansion Act of 1962, as amended, into, among other things, imports of semiconductors, semiconductor manufacturing equipment, and their derivative products, including downstream products that contain semiconductors.”

Annual report 2025A · The company itself

“Because the Company relies on single or limited sources for the supply and manufacture of many critical components, a business interruption affecting such sources would exacerbate any negative consequences to the Company.”

Annual report 2025A · The company itself

“Supply of Components Although most components essential to the Company’s business are generally available from multiple sources, certain components are currently obtained from single or limited sources. The Company also competes for various components with other participants in the markets for smartphones, personal computers, tablets, wearables and accessories. Therefore, many components used by the Company, including those that are available from multiple sources, are at times subject to industry-wide shortage and significant commodity pricing fluctuations.”

Annual report 2025A · The company itself

“The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source. When a component or product uses new technologies, initial capacity constraints may exist until the suppliers’ yields have matured or their manufacturing capacities have increased.”

Annual report 2025A · The company itself

“We and our customers use a broad range of materials and supplies, including copper and other metals, petroleum-based resins, chemicals, electronic components and semiconductors. A significant disruption in the supply of these materials for any reason could decrease our production and shipping levels, which could materially increase our operating costs and materially decrease our profit margins.”

Annual report 2025A · The company itself

“For instance, the worldwide semiconductor shortage adversely impacted the automotive industry in recent years resulting in reduced vehicle production schedules and sales from historical levels, which adversely impacted our financial condition, operating results and cash flows for portions of the year ended December 31, 2023.”

Annual report 2025A · The company itself

“The modifications to forecasted reporting unit cash flows were attributable to the impacts resulting from market and industry delays in the broader adoption of software-defined vehicles. For example, certain of our OEM customers have recently announced delays in their software-defined vehicle investment strategies amidst reduced expectations for consumer demand for these products.”

Annual report 2025A · The company itself

“Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors: •Advanced Safety and User Experience, which includes platforms and modular offerings, such as intelligent sensors, high-performance compute, and advance software tools and services. •Engineered Components Group, which includes connection systems, high-performance interconnects, and cable management and protection solutions that optimize the distribution of power, signal and data for next-generation applications across multiple end markets.”

Annual report 2025A · The company itself

“The final rule prohibits or imposes notification requirements on certain outbound investments involving semiconductors and microelectronics, quantum information technologies and artificial intelligence by U.S. persons into certain entities with a nexus to China. These restrictions on U.S. outbound investments could limit the universe of prospective investments available to us, make it more difficult to deploy capital or identify buyers for investments, and/or adversely affect the governance and operations of our investments and thus 69 Table of Contents our overall performance.”

Annual report 2025A · The company itself

“If our key merchant silicon vendors do not continue to innovate, develop products that outperform their competitors or fail to meet the requirements of our customers, if there are delays in the release of their products or supply shortages, if they no longer collaborate in such fashion or if such merchant silicon is not offered to us on commercially reasonable terms, our products may become less competitive, our own product launches could be delayed or we may be required to redesign our products to incorporate alternative merchant silicon, which could result in lost sales, reduce gross margins, damage to our customer relationships or otherwise have a material effect on revenue and business, financial condition, results of operations and prospects.”

Annual report 2025A · The company itself

“In particular, we have increased our purchase commitments to respond to the rapid deployment of AI networks and reduce overall lead times which will increase our working capital requirements. In addition, we may have to increase our purchase commitments in response to the tightening of supply conditions in the memory market.”

Annual report 2025A · The company itself

“Due to concerns with products and services from certain semiconductor, telecommunications and video providers based in China, U.S. Congress has also enacted bans on the use of certain Chinese-origin components or systems either in items sold to the U.S. government or, in some cases, in the internal networks of government contractors and subcontractors (even if those networks are not used for government-related projects).”

Annual report 2025A · The company itself

“Additionally, the U.S. government continues to expand controls enacted in October 2022 restricting the ability to export, reexport and transfer certain products and technology related to semiconductors, semiconductor manufacturing, and supercomputing. Although new regulations introduced in January 2025 which further expanded the controls to impose a worldwide licensing requirement on certain integrated circuits and computing resources that are used for training of AI models were rescinded prior to the scheduled compliance date, we expect the U.S. government may issue new controls on similar technologies in the future. The U.S. government also expanded the scope of restrictions on the development or production of advanced integrated circuits and certain semiconductor manufacturing equipment and the restrictions on supercomputing in China and other countries.”

Annual report 2025A · The company itself

“Although we have entered into significant purchase commitments to support long-term customer demand, if we are unable to obtain sufficient quantities of any of these components on commercially reasonable terms or in a timely manner, or if we are unable to obtain alternative sources for these components, shipments of our products could be delayed or halted entirely, or we may be required to redesign our products. Any of these events could result in the cancellation of orders, lost sales, reduced gross margins or damage to our customer relationships, which would adversely impact our business, financial condition, results of operations and prospects.”

Annual report 2025A · The company itself

“In addition, our component suppliers change their selling prices frequently in response to market trends, including industry-wide increases in demand such as has occurred in the market for memory, or charge additional fees to expedite orders, and because we do not have contracts with these suppliers or guaranteed pricing, we are susceptible to availability or price fluctuations related to raw materials and components. If we are unable to pass component price increases along to our customers or maintain stable pricing, our gross margins could be adversely affected and our business, financial condition, results of operations and prospects could suffer.”

Annual report 2025A · The company itself

“Generally, we do not have guaranteed supply contracts with our component suppliers. Our suppliers have, or in the future could continue to, suffer shortages, require longer lead times, delay shipments, prioritize shipments to other vendors, reject, or decommit orders, increase prices, impose expedite fees or cease manufacturing their products or selling them to us at any time.”

Annual report 2025A · The company itself

“We expect our gross margins to vary over time and the gross margins we have achieved in recent years may not be sustainable and may be adversely affected in the future by numerous factors, including but not limited to pricing pressure on our products and services due to competition, the ability of more fully integrated competitors to bundle their networking products with other products, or utilize proprietary silicon in their products, the mix of sales to large customers who generally receive lower pricing, the mix of products sold, manufacturing-related costs, including costs associated with sourcing key components from sole or limited suppliers and potential changes to our manufacturing and supply chain to respond to international trade tensions, supply chain sourcing activities, merchant silicon costs, excess/obsolete inventory and supplier liability charges, and fees to expedite supplier components and costs related to tariffs from our products that are manufactured internationally.”

Annual report 2025A · The company itself

“For example, our new product releases will require strong execution from our third-party merchant silicon chip suppliers to develop and release new merchant silicon chips that satisfy end-customer requirements, to meet expected release schedules and to provide sufficient quantities of these components.”

Annual report 2025A · The company itself

“The success of our new products depends on several factors including, but not limited to, appropriate new product definition, the development of product features that sufficiently meet end-user requirements, our ability to manage the risks associated with new product production ramp-up issues, component costs, availability of components, timely completion and introduction of these products, prompt solution of any defects or bugs in these products, our ability to support these products, differentiation of new products from those of our competitors and market acceptance of these products.”

Annual report 2025A · The company itself

“Risks Related to Supply Chain and Manufacturing Insufficient component supply and inventory management and the time to manufacture our products may result in lost sales opportunities or delayed revenue, while excess inventory may harm our gross margins. Managing our manufacturing capacity and extended supply chain is complex, and our inventory management systems and related supply-chain visibility tools may not enable us to effectively manage the supply of our products and product components.”

Annual report 2025A · The company itself

“These controls or any additional restrictions may impact our ability to export certain products to China or other countries, prohibit us from selling our products to certain of our customers, restrict our ability to use certain ICs in our products, impact our suppliers who may utilize facilities or equipment described in these controls, or impact the cost of components or inputs used to produce our products.”

Annual report 2025A · The company itself

“Our product development efforts also depend upon continued collaboration with our key suppliers, such as Broadcom. As we develop our product roadmap and continue to expand our relationships with these and other merchant silicon vendors, it is crucial that we collaborate closely with our key merchant silicon vendors to ensure that their silicon incorporates enhanced features and that our products leverage these improvements.”

Annual report 2025A · The company itself

“Sales of our switches and routing platforms generate most of our product revenue, and if we are unable to continue to grow sales of these products, our business, financial condition, results of operations and prospects will suffer. Historically, we have derived substantially all of our product revenue from sales of our switching and routing platforms, and we expect to continue to do so for the foreseeable future.”

Annual report 2025A · The company itself

“Viimeisen neljänneksen liikevaihto oli vuoden paras päätyen 7,9 miljoonaa euroon, kun kysyntä kasvoi voimakkaasti Puolijohdeteollisuus-asiakassegmentissä ja kysyntä nousi merkittävästi myös Puolustus-, turvallisuus- ja ilmailu -asiakassegmentissä.”

Annual report 2024A · The company itself

“Liiketulokseen vaikuttivat alkuvuoden alhainen kysyntä erityisesti Puolijohdeteollisuus-segmentissä, tuotemiksin muutokset, vuoden 2023 lopulta jatkuneen prosessihäiriön aiheuttamat laadunvarmistukselliset lisätyöt sekä tuotannon kasvaneet henkilöstökulut.”

Annual report 2024A · The company itself

“Tilanteen positiivisen kehittymisen myötä etenkin Puolijohdeteollisuus- sekä Puolustus-, turvallisuus- ja ilmailu -asiakassegmenteissä, Aspocompin tilauskanta lähes tuplaantui 20 miljoonaan euroon.”

Annual report 2024A · The company itself

“Puolijohdeteollisuus-asiakassegmentin liikevaihto laski 28 % ja oli 8,5 (11,8) miljoonaa euroa.”

Annual report 2024A · The company itself

“Recent spending by hyperscalers and others to support AI is beginning to pressure supply chains for goods such as semiconductors and other network components.”

Annual report 2025A · The company itself

“We depend on suppliers to provide us, directly or through other suppliers, with items such as network equipment, customer premises equipment and wireless-related equipment such as mobile hotspots, handsets, wirelessly enabled computers, wireless data cards and other connected devices for our customers. In some instances, we depend on key single-source suppliers to provide important inputs where there are few alternative suppliers available.”

Annual report 2025A · The company itself

“Equipment revenue increased in 2025, primarily driven by higher wireless device sales volumes.”

Annual report 2025A · The company itself

“As a provider of telecommunications and technology services, we sell handsets, wireless data cards, wireless computing devices and customer premises equipment manufactured by various suppliers for use with our voice and data services and depend on suppliers to provide us, directly or through other suppliers, with items such as network equipment, customer premises equipment, and wireless-related equipment such as mobile hotspots, handsets, wirelessly enabled computers, wireless data cards and other connected devices for our customers.”

Annual report 2025A · The company itself

“Orders for equipment to the semiconductor and flat panel display industry increased, and solid order growth for the service business was achieved, while the order intake for industrial and scientific vacuum equipment decreased.”

Annual report 2024A · The company itself

“About 75% of the production cost of equipment represents purchased components.”

Annual report 2024A · The company itself

“The Vacuum Technique business area provides vacuum products, exhaust management systems, valves and related products, and service through a global network.”

Annual report 2024A · The company itself

“Clean, dry, and oil-free air, is needed in industrial processes, e.g. the food, pharmaceutical, electronics, and textile industries. Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”

Annual report 2024A · The company itself

“The service business developed well with increased demand from the semiconductor industry as well as from scientific and general industrial customers.”

Annual report 2024A · The company itself

“The business area also provides value-added services including equipment monitoring, field and on-site servicing, remanufacturing, service upgrades and provision of spare parts and oils. • Increased use of demanding materials and extreme working temperatures in processes for semiconductor and industrial production • Focus on energy efficiency • Stricter regulatory emission standards • Increased demand for digitally supported service offers to increase process uptime • Focus on total solutions and total life-cycle cost • Focus on circularity • Industrial production • Investments in manufacturing of semiconductors, research and development equipment, lithium-ion batteries, flat panel display and solar energy products • Increase in vacuum requirements to support new production processes • Demand for energy-efficient vacuum pumps • Customers’ equipment utilization The vision is to be First in Mind—First in Choice for vacuum and abatement solutions.”

Annual report 2024A · The company itself

“Customers are found in industries such as the automotive industry, off-highway vehicles, the electronics industry, aerospace, appliances, the energy sector, and general industrial manufacturing.”

Annual report 2024A · The company itself

“In April, the Vacuum Technique business area completed the acquisition of Presys Co., Ltd ("Presys"), a Korean semiconductor valve manufacturer. Presys products are well known within the Korean semiconductor market. They manufacture transfer and isolation vacuum valves that are highly complementary to Atlas Copco’s current semiconductor product portfolio.”

Annual report 2024A · The company itself

“The component factories manufacture inflators, propellant, initiators, textile cushions, webbing, pressed steel parts, springs, and over molded steel parts used in seatbelt and airbag assembly and steering wheels. The assembly factories source components from a number of parties, including Autoliv’s own component factories, and assemble complete restraint systems for “just-in-time” delivery to customers.”

Annual report 2024A · The company itself

“Direct material cost represents approximately 55% of the Company's net sales in 2024.”

Annual report 2024A · The company itself

“The Company takes several actions to manage the raw material fluctuations, such as competitive sourcing and looking for alternative materials. The Company is also taking necessary actions to gradually implement raw materials with a lower carbon emission footprint.”

Annual report 2024A · The company itself

“No significant impact from change in supply and demand structures for memory chips.”

Annual report 2026A · The company itself

“Global RAM shortages impact production continuity, product launch timelines, the company's ability to meet product demand”

Annual report 2026A · The company itself

“The increasing complexity of global supply chains, combined with geopolitical tensions, structural shifts in the technology component landscape, and acute constraints in the global memory chip (RAM) market  driven by data centre demand  means that securing reliable access to critical components is an operational and strategic priority. 17BRisk 18BThere is a risk that Bang & Olufsen is unable to secure timely access to critical components required for manufacturing. Global RAM shortages impact production continuity, product launch timelines, the company's ability to meet product demand or require costly spot market sourcing.”

Annual report 2026A · The company itself

“Beo Grace is an in-ear design in hand-polished aluminium, built on the proprietary Amadeus software platform, with a 12 mm titanium driver, adaptive Active Noise Cancellation, Dolby Atmos optimisation and NearTap volume control. Beosound Premiere is a soundbar built on patent-pending Wide Stage Technology and sculpted from aluminium at Factory 5 in Struer. With built-in Dolby Atmos 7.1.4 and Beolink Surround, the system can grow over time as additional speakers are added.”

Annual report 2026A · The company itself

“In November 2025, we launched the Beo Grace earpieces. Beo Grace marks a new expression of Bang & Olufsen inear design, crafted from hand-polished aluminium and built on our proprietary Amadeus software platform. A titanium driver, adaptive Active Noise Cancellation, Dolby Atmos optimisation, NearTap volume control and AIdriven speech enhancement come together to redefine luxury in-ear listening. The product was well received and sales performance has been strong, driving double-digit growth in earphones revenue.”

Annual report 2026A · The company itself

“In December 2025, we launched Beosound Premiere, adding a soundbar to the portfolio designed for TVs from 42" and above, centred on spatial audio and system connectivity. Premiere is built on our patent-pending Wide Stage Technology to deliver an immersive listening experience, featuring an aluminium body sculpted at our Factory 5 in Struer.”

Annual report 2026A · The company itself

“The margin improvement was driven by a more favourable product mix, while the gross margin in the On-the-go category increased, supported by the launch of Beo Grace.”

Annual report 2026A · The company itself

“Ongoing or emerging conflicts, including those in the Middle East, Ukraine and the South China Sea, may continue to impact fuel prices, inflation, the global supply chain, cybersecurity and other macroeconomic conditions, which may further adversely affect global economic growth, consumer confidence and demand for our products and services. For example, any further deterioration of relations between Taiwan and China, the resulting actions taken, the response of the international community and other factors affecting trade with China or political or economic conditions in Taiwan could disrupt the manufacturing and distribution of products or hardware components in the region, such as semiconductors and television panels sourced from Taiwan or the broader array of products sourced from China.”

Annual report 2026A · The company itself

“Globally, the cost and availability of memory components have been, and may continue to be, affected by industry-wide supply constraints. While we work with vendors to adjust product and pricing strategies, these actions may not fully offset higher costs and inventory constraints, which may impact our margins and financial performance.”

Annual report 2026A · The company itself

“The key components of each revenue category are as follows: •Computing and Mobile Phones - computing (including desktops, notebooks and peripherals), mobile phones (including related mobile network carrier commissions), networking, tablets (including e-readers) and wearables (including smartwatches); •Consumer Electronics - digital imaging, health and fitness products, home theater (including home theater accessories, soundbars and televisions), portable audio (including headphones and portable speakers) and smart home; •Appliances - large appliances (including dishwashers, laundry, ovens and refrigerators) and small appliances (including blenders, coffee makers, vacuums and personal care); •Entertainment - drones, gaming (including hardware, peripherals and software, as well as augmented reality glasses), toys, virtual reality and other software; •Services - advertising, delivery, health-related services, installation, marketplace commissions, memberships, repair, set-up, technical support, warranty-related services; and •Other - other product offerings, including baby, food and beverage and outdoor living.”

Annual report 2026A · The company itself

“Suppliers and Inventory Our Domestic and International segments purchase merchandise from a variety of suppliers. In fiscal 2026, our 20 largest suppliers accounted for approximately 80% of the merchandise we purchased, with five suppliers – Apple, Samsung, HP, LG and Sony – representing approximately 55% of total merchandise purchased.”

Annual report 2026A · The company itself

“Potential challenges in the global availability of key technologies and components and in obtaining necessary export permits may affect the progress of customer projects and the ability to deliver products.”

Annual report 2025A · The company itself

“In the Engineering Services business segment, Bittium offers its customers product development services and wireless connectivity solutions for developing innovative products in a secure and evolving wireless environment. The company has focused its product development service offering around radio technology and embedded devices.”

Annual report 2025A · The company itself

“Elektroniikka-liiketoiminta-alueen yhtiöiden tuloksentekokyky parani heikosta vuodesta 2023. Liiketoiminta-alueen yhtiöistä etenkin Signal Solutions Nordicin (SSN) ja Milconin tuotteiden ja palveluiden kysyntä kasvoi merkittävästi vuoden aikana.”

Annual report 2024A · The company itself

“Elektroniikka-liiketoiminta-alueen liikevaihto laski 58,0 milj. euroon (7 %) edellisvuodesta.”

Annual report 2024A · The company itself

“Yleinen teollisuuden heikentynyt markkinatilanne heijastui Yleiselektroniikan ja Baltian elektroniikkakomponenttien jakeluliiketoimintoihin, mikä ilmeni heikkona kysyntänä.”

Annual report 2024A · The company itself

“Elektroniikka-liiketoiminta-alue koostuu ammattilaiselektroniikan komponenttien ja omien tuotteiden jakelua sekä valmistusta ja kokoonpanoa harjoittavista liiketoiminnoista. Sen yhtiöt toimivat maailman johtavien päämiesten edustajina Pohjois- Euroopassa, Puolassa ja Yhdysvalloissa. Päämiehille ja asiakkaille yhtiöt tarjoavat varastointija logistiikkapalveluita sekä teknisen myynnin palveluita.”

Annual report 2024A · The company itself

“Leverantörer Hållbarhetsarbetet pågår under produkternas hela leveranskedja och Boules leverantörer har en avgörande roll i arbetet med att tillhandahålla högkvalitativa system. Komponenterna till Boules produktion tillverkas av ledande leverantörer världen över och Boule har en direkt påverkan på val av t.ex. material, råvara och förpackning.”

Annual report 2024A · The company itself

“LEVERANTÖRS- RISKER Tillgång till insatsvaror påverkar Boules förmåga att producera och leverera varor kostnadseffektivt. Komponentbrist är en väsentlig risk vilket tydligt framgick under Covid-pandemin.”

Annual report 2024A · The company itself

“We operate in a highly cyclical semiconductor industry that is undergoing profound change due to AI.”

Annual report 2025A · The company itself

“(“Broadcom”), a Delaware corporation, is a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions. Our semiconductor and semiconductor-based solutions include a broad portfolio of complex digital and mixed signal devices based on silicon wafers with complementary metal oxide semiconductor transistors, III-V based devices, network interface cards and other modules, switches, subsystems and, in some cases, racks. Our solutions are used in a wide array of environments, end products and applications, such as enterprise and artificial intelligence (“AI”) data centers, servers and networking and connectivity equipment, as well as storage systems, home connectivity devices, set-top boxes, broadband access, telecommunication equipment, wireless devices and base stations, factory automation, power generation and alternative energy systems, and electronic displays.”

Annual report 2025A · The company itself

“Idag installeras globalt cirka 1 200 linjäracceleratorer varje år. Av dessa har endast omkring 30 procent SGRT installerat från början. C-RAD är en av pionjärerna inom SGRT på den globala marknaden, och har i nuläget cirka 1900 installationer runt om i världen.”

Annual report 2024A · The company itself

“I både Sentinel och Catalyst TM ingår komponenter med långa leveranstider som idag beställs från en handfull leverantörer. För det fall dessa komponenter av någon anledning inte skulle kunna levereras, eller om leveranserna skulle försenas, skulle detta kunna innebära försenade leveranser till C-RAD:s kunder.”

Annual report 2024A · The company itself

“The growing complexity of chip and system designs is a fundamental driver of demand for our technology. As customers tackle the challenges of designing increasingly intricate systems, they rely on our advanced AI-driven computational software, hardware, IP, and services to manage this complexity without proportional cost increases.”

Annual report 2025A · The company itself

“Revenue related to our hardware and IP products is inherently difficult to predict because sales of our hardware and IP products depend on the commencement of new projects for the design and development of complex ICs and systems by our customers, our customers’ willingness to expend capital to deploy our new and existing hardware or IP products in those projects and the availability of our new and existing hardware or IP products for delivery. Therefore, our hardware or IP sales may be delayed or may decrease if our customers delay or cancel projects because their spending is constrained or if there are problems or delays with the supply, delivery or installation of our hardware or IP products or our hardware suppliers. Moreover, the market environment for hardware and IP is highly competitive, and our customers may choose to purchase a competitor’s hardware or IP product based on cost, performance or other factors.”

Annual report 2025A · The company itself

“The increasing complexity of designs of semiconductors and electronic systems and customers’ concerns about managing costs have previously led to, and in the future could lead to, a decrease in design starts and design activity in general. For example, in response to this increasing complexity, some customers have chosen to focus on one discrete phase of the design process or opt for less advanced, but less risky, manufacturing processes that may not require the most advanced EDA products. If growth in the semiconductor and electronics systems industries slows or stalls, then demand for our products and services could decrease and our business, financial condition and results of operations could be adversely affected.”

Annual report 2025A · The company itself

“Additionally, as the EDA industry has matured, stronger competition has emerged from companies better able to compete as sole source vendors. This increased competition could cause our revenue growth rate to decline and exert downward pressure on our operating margins, which would have an adverse effect on our business, financial condition and results of operations.”

Annual report 2025A · The company itself

“For example, the U.S. government implemented an outbound investment review mechanism, effective January 2, 2025, which could limit our ability to pursue investment opportunities outside the United States. These restrictions, which impose certain notification requirements and prohibitions on investments by U.S. persons in sensitive sectors in China, such as semiconductors, quantum information technologies and artificial intelligence systems, may prevent us from capitalizing on opportunities that could otherwise benefit our business and stockholders.”

Annual report 2025A · The company itself

“The following trends may impact the sectors we serve: Table of Contents •changes in the design and manufacturing of ICs, including migration to advanced-process nodes, present major challenges to the semiconductor industry, particularly in IC design and verification, design automation, design of manufacturing equipment, and the manufacturing process itself. With migration to advanced-process nodes, the industry must adapt to more complex physics and manufacturing challenges.”

Annual report 2025A · The company itself

“•Our operating results and revenue could be adversely affected by customer payment delays, customer bankruptcies and defaults, modifications or non-renewals of licenses. •The competition in our industries is substantial, and we may not be able to continue to compete successfully. •Our future revenue is dependent in part upon our installed customer base continuing to license or buy products and purchase services. •We depend on a single supplier or a limited number of suppliers for certain hardware components and contract manufacturers for production of our hardware products, making us vulnerable to supply disruption and price fluctuation.”

Annual report 2025A · The company itself

“We work closely with major foundries to help ensure that our products are compatible with their manufacturing processes. Similarly, we work closely with other major providers of semiconductor IP, particularly microprocessor IP, to optimize our EDA products for use with their IP designs and to help ensure that their IP and our own IP products work effectively together, as we may each provide for the design of separate components on the same chip.”

Annual report 2025A · The company itself

“Our investment in research and development of new and existing products, technologies and services may affect our operating results, and our return on investment may be lower or develop more slowly than expected. We invest and expect to continue to invest in research and development for new and existing products, technologies and services in response to our customers’ increasing technological requirements and to maintain and improve our competitive position.”

Annual report 2025A · The company itself

“Our ISD strategy focuses on three key pillars: Design Excellence, System Innovation, and Pervasive Intelligence. Design Excellence: This pillar leverages our core expertise in AI-driven computational software and accelerated computing to deliver industry-leading electronic design, analysis, and verification products and solutions for semiconductors, which are embedded in many products and services that we use every day.”

Annual report 2025A · The company itself

“Core EDA encompasses the software, hardware, and services essential for the design and verification of a wide range of semiconductors.”

Annual report 2025A · The company itself

“Our Semiconductor IP portfolio includes silicon subsystems, software, and related services that accelerate the semiconductor design process.”

Annual report 2025A · The company itself

“Core EDA Our Core EDA products and solutions are essential in the design and verification of semiconductor chips, including analog, digital, mixed-signal, memory, radio-frequency (“RF”), and silicon photonics, and are widely used across multiple industries including automotive, aerospace and defense, consumer electronics, data centers, industrial, medical, and mobile.”

Annual report 2025A · The company itself

“Table of Contents Risks Related to Customers, Suppliers and Industry Competition •Customer consolidation could affect our operating results. •Our failure to respond quickly to technological developments or customers’ increasing technological requirements and to continue to develop or acquire technological capabilities could make our products uncompetitive and obsolete and impede our ability to address the requirements in technology segments that are expected to contribute to our growth. •Our investment in research and development of new and existing products, technologies and services may affect our operating results, and our return on investment may be lower or develop more slowly than expected.”

Annual report 2025A · The company itself

“Many of our customers outsource the manufacturing of their semiconductor designs to foundries.”

Annual report 2025A · The company itself

“Our strategy is designed to increase our business among electronic systems companies, which are developing their own ICs and other electronic subsystems, and to increase our business among semiconductor companies, which are increasing their contribution to the end products into which their ICs and other electronic subsystems are incorporated. Part of this strategy involves addressing the needs across a variety of vertical sectors including consumer, hyperscale computing, mobile, communications, automotive, aerospace and defense, industrial and life sciences, where increased investment is expected by our customers.”

Annual report 2025A · The company itself

“For example, more recent tightening in the availability of high-performance memory and storage as demand has increased significantly and OEMs are prioritizing datacenters and AI workloads, pushing commercial devices and many server configurations into longer lead times and higher pricing. As demand for AI increases, supply capacity for high-performance memory and storage may continue to be limited until supply capacity increases.”

Annual report 2025A · The company itself

“Revenue Recognition The Company is a primary distribution channel for a large group of vendors and suppliers, including original equipment manufacturers (“OEMs”), software publishers, cloud providers, and wholesale distributors. The Company may sell hardware, software, and services on standalone basis or as a bundled solution arrangement. For additional information on the disaggregation of Net sales by major category, see Note 17 (Segment Information).”

Annual report 2025A · The company itself

“Produktion av instrument och reservdelar är avhängig av tillgång till kritiska komponenter. CellaVision har omfattande expertis inom produktion och kvalitetskontroll av bolagets produkter, vilket minskar beroendet av tredjepartstillverkare. För att säkerställa tillgången till kritiska komponenter övervakar CellaVision aktivt sina leverantörskedjor och har utökat antalet leverantörer för att garantera en pålitlig tillgång till dessa komponenter.”

Annual report 2024A · The company itself

“Leveranskedja Bolagets strategi är att ingå partnerskap, där partners skall hantera tillverkningen av instrumenten. Detta innebär att CellaVision är beroende av ett antal underleverantörer av nyckelkomponenter som till exempel kamerachip, optik och styrutrustning samt bolag som hanterar sammansättning och slutkontroll av systemen.”

Annual report 2024A · The company itself

“Significant economic growth, and the unprecedented nature of AI related demand, can make it more difficult for us and our suppliers to accurately forecast demand and to set optimized levels of manufacturing capacity and inventory.”

Annual report 2025A · The company itself

“For example, the electro-optical component and semiconductor industries have been experiencing increased demand as a result of significant spending related to AI and other cloud-based applications, which has led to a constrained supply environment. These constraints have resulted, and could further result in shortages, extended lead times, or increased costs that adversely impact our revenue and gross margin.”

Annual report 2025A · The company itself

“Our sourcing strategy focuses on control over supplier selection and commercial terms for significant inputs into our products. Our manufacturers and component distribution partners procure components necessary for assembly and manufacture of our products based on our specifications. We work closely with these partners and our suppliers to manage forecasts, material, quality, cost and delivery times, and inventory levels.”

Annual report 2025A · The company itself

“Our products include optical and electronic components for which reliable, high-volume supply is often available only from sole or limited sources.”

Annual report 2025A · The company itself

“We produce highly complex hardware and software products that incorporate leading-edge technology. Software typically contains bugs or other quality or reliability issues that can unexpectedly disrupt the intended operations of the product or the systems in which it is installed.”

Annual report 2026A · The company itself

“Supply chain issues, including financial problems of contract manufacturers or component suppliers, or a shortage of adequate component supply or manufacturing capacity that increase our costs or cause a delay in our ability to fulfill orders, could have an adverse impact on our business and results of operations, and our failure to estimate customer demand properly or significant purchase commitments made in anticipation of such demand may result in excess or obsolete component supply or other charges, which could negatively impact our gross margins.”

Annual report 2026A · The company itself

“Financial problems of either contract manufacturers or component suppliers, reservation of manufacturing capacity at our contract manufacturers by other companies, and industry consolidation occurring within one or more component supplier markets, such as the semiconductor market, in each case, could either limit supply or increase costs.”

Annual report 2026A · The company itself

“Additionally, we may in the future experience a shortage of certain component parts as a result of our own manufacturing issues, manufacturing issues or capacity problems at our suppliers or contract manufacturers, including cost problems resulting from industry consolidation or otherwise, or strong demand for those parts.”

Annual report 2026A · The company itself

“Although in many cases we use standard parts and components for our products, certain components are presently available only from limited or single sources, and a global economic downturn and related market uncertainty could negatively impact the availability of components from one or more of these sources, especially during times when there are supplier constraints based on labor and other actions taken during economic downturns.”

Annual report 2026A · The company itself

“Manufacturing capacity and supply constraints, such as the memory shortages experienced in fiscal 2026, remain significant risks, and we expect to continue to be adversely impacted by the rising costs of currently constrained memory components.”

Annual report 2026A · The company itself

“Business General Cisco designs and sells a broad range of technologies including hardware, software, and artificial intelligence (AI) powered digital infrastructure to power, help secure, and draw insights from the Internet.”

Annual report 2026A · The company itself

“Products and Services Our products and services are grouped into the following categories: Networking Our networking business is built on a foundation of industry-leading technologies, including switching, routing, wireless, and servers, offered through a comprehensive suite of both hardware and software solutions. This portfolio, which features integrated systems built on Cisco Silicon along with software licenses and software-as-a-service (SaaS) offerings, empowers customers to build, secure, automate, modernize, and transform their network infrastructure to meet the demands of a rapidly evolving digital landscape.”

Annual report 2026A · The company itself

“The portfolio also includes Acacia Optics, whose high-speed coherent optical interconnect technologies enhance Cisco’s networking solutions by enabling scalable, energy-efficient, and simplified optical connectivity that supports the shift from chassis-based systems to pluggable coherent optics.”

Annual report 2026A · The company itself

“We commit significant resources, including investments in strategic priorities such as silicon (Cisco Silicon One) and optics, including for AI infrastructure, to develop new products and services before knowing whether our investments will result in products and services the market will accept.”

Annual report 2026A · The company itself

“In addition, the U.S. government has initiated investigations under Section 232 of the Trade Expansion Act of 1962 to evaluate whether additional tariffs may be necessary on certain commodities, including semiconductors, critical minerals, and derivative electronics products, on national-security grounds, and upon completion of these investigations the President may direct the imposition of additional tariffs on these or other commodities.”

Annual report 2026A · The company itself

“In the markets we serve, there is a limited number of high-quality suppliers of many of the components we manufacture. Aside from datacenter transceivers, there are very few industry-standard products.”

Annual report 2026A · The company itself

“Table of Contents Sources of Supply In our production processes, we use certain substrates, along with numerous optical, electrical, and mechanical parts that are sourced from third-party suppliers. These include InP substrates, ICs, DSPs, mechanical housings, and optical components, and we commonly refer to them as raw materials.”

Annual report 2026A · The company itself

“We depend on highly complex manufacturing processes that require strategic materials, components, and products from limited sources of supply. Our operations are dependent upon a supply chain of difficult-to-make or difficult-to-refine products and materials, including integrated circuits, mechanical housings and optical components, and some of our product inflow is subject to yield reductions from growth or fabrication losses, and thus the quantities we may receive are not consistently predictable.”

Annual report 2026A · The company itself

“We purchase a significant amount of the materials and components used in our products from a limited number of suppliers. Our manufacturing processes and those of our contract manufacturers rely on many materials, including precious and rare earth metals, indium phosphide (“InP”) and certain lasers and laser components that may be difficult to source, may only be available from a single or limited number of suppliers.”

Annual report 2026A · The company itself

“General Description of Business Coherent develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in datacenter & communications, as well as industrial applications, including precision manufacturing, energy, semiconductor & display capital equipment, and instrumentation.”

Annual report 2026A · The company itself

“Industrial •Excimer lasers, solid-state lasers, CO2 lasers, and laser systems for a variety of industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research. •Laser systems and subsystems, including high-power lasers for materials processing. •Engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products.”

Annual report 2026A · The company itself

“Semiconductor capital equipment requires advanced materials to meet the need for tighter tolerances, enhanced thermal stability, faster wafer transfer speeds, and reduced stage settling times.”

Annual report 2026A · The company itself

“Our excimer laser-based annealing systems can improve accuracy, combining high-spatial precision and selectivity for LTPS OLED display production.”

Annual report 2026A · The company itself

“Our business is dependent on the demand for products produced by end-users of communications, industrial, instrumentation and electronics markets. Many of these end-users are in industries that have historically experienced a highly cyclical demand for their products.”

Annual report 2026A · The company itself

“The decrease in revenues during fiscal 2025 was primarily related to weak automotive and Silicon Carbide end market demand and macroeconomic conditions in the industrial segment, partially offset by $73 million higher shipments of laser systems in our display capital equipment market.”

Annual report 2026A · The company itself

“Columbus’ business is to a wide extent based on implementation and servicing of customer solutions based on third party software and cloud products. Partnerships with our software and cloud providers is of crucial importance to the implementation of Columbus’ business strategy.”

Annual report 2025A · The company itself

“We rely on a limited number of suppliers for certain components of the equipment we use to operate our cloud platform. Supply chain disruptions could delay our ability to expand or increase the capacity of our global data center network, replace defective equipment in our existing data centers and impact our operating costs.”

Annual report 2026A · The company itself

“As a result, we are dependent on our relationships with prescription drug manufacturers and suppliers. We acquire a substantial amount of our mail order and specialty pharmacies’ prescription drug supply from a limited number of suppliers.”

Annual report 2025A · The company itself

“We purchase certain components and materials used in manufacturing from single sources due to quality considerations, costs or constraints resulting from regulatory or other requirements. As of December 31, 2025, those single sources include but are not limited to suppliers of application-specific integrated circuits used in our transmitters, seals used for the applicator and certain polymers used to synthesize polymeric membranes for our sensors.”

Annual report 2025A · The company itself

“However, we also rely on single and/or sole sources for certain components and materials used in manufacturing, such as for the application-specific integrated circuit that is incorporated into the transmitter and certain polymers used to synthesize the polymeric biointerface membranes for our products.”

Annual report 2025A · The company itself

“Satellite construction and launch are subject to significant risks, including, but not limited to, manufacturing and delivery delays, anomalies, launch failure and incorrect orbital placement. The technologies in our satellite designs are very complex and difficulties in constructing our designs could result in delays in the deployment of our satellites or increased or unanticipated costs. There can be no assurance that the technologies in our existing satellites or in new satellites that we design, acquire and build will work as we expect, will not become obsolete, that we will realize any or all of the anticipated benefits of our satellite designs or our new satellites and/or that we will obtain all regulatory approvals required to operate our new or acquired satellites on an acceptable timeline, or at all.”

Annual report 2025A · The company itself

“We rely on a single vendor or a limited number of vendors to provide certain key products or services to us, and the inability of these key vendors to meet our needs could have a material adverse effect on our business.”

Annual report 2025A · The company itself

“We depend on various key suppliers and vendors to provide us, directly or through other suppliers, with infrastructure, equipment and services, such as switch and network equipment, handsets and other devices and equipment that we would need in order to operate a wireless services business and provide products and services to our subscribers.”

Annual report 2025A · The company itself

“Historically, we have contracted with and rely on a single vendor or a limited number of vendors to provide certain key products or services to us such as information technology support, billing systems, security access devices and many components that we provide to subscribers in order to deliver services from our Pay-TV, Wireless or Broadband and Satellite Services businesses. We also rely on a limited number of vendors to supply our wireless devices and wireless network equipment used in connection with our Hybrid MNO. If these vendors are unable to meet our needs because, among other things, they fail to perform adequately, are no longer in business, are experiencing shortages or supply chain issues or discontinue a certain product or service we need, our business, financial condition and results of operations may be adversely affected.”

Annual report 2025A · The company itself

“En av årets viktigaste framgångsfaktorer har varit den positiva utvecklingen inom hemelektronik (CE). Förvärvet av Euronics Sverige har haft en betydande påverkan, samtidigt som våra befintliga butiker visat ett ökat intresse för kategorin.”

Annual report 2024A · The company itself

“Inom produktsegmentet CE (eng. ”consumer electronics”) är Elon en av de större aktörerna och med växande marknadsandel.”

Annual report 2024A · The company itself

“Elon har en stark marknadsposition med etablerade och välkända varumärken samt är marknadsledande på den svenska MDA-marknaden (eng. ”major domestic appliances”).”

Annual report 2024A · The company itself

“• Elon driver en välkänd och diversifierad verksamhet med starka och etablerade varumärken inom vitvaror, kök och hem elektronik, anpassade för både hushåll och professionella miljöer.”

Annual report 2024A · The company itself

“• Avtal har tecknats med Electrolux gällande produktlinjen Electrolux Excellence. Avtalet innefattar försäljning, distribution och garantiservice i Norden av produkter inom kategorierna ugn, häll, kyl och frys, diskmaskin, tvättmaskin och torktumlare. • AI används i flera delar av verksamheten, bland annat är det ett allt viktigare verktyg inom vår ehandel. • Allt fler butiker väljer att utöka sitt produkt erbjudande och blir kombibutiker, det vill säga erbjuder sortiment bestående av både vitvaror och hemelektronik. • Elon Service ökar sin närvaro på marknaden och vi har nu över 100 certifierade servicepartners över hela Sverige.”

Annual report 2024A · The company itself

“Liiketoimintamalli ja arvoketju Enersensen keskeisiä tuotantopanoksia ovat teräs, sähkö- ja tietoliikennelaitteet ja alihankintapalvelut.”

Annual report 2025A · The company itself

“Following customer feedback in 2024 regarding energy yield discrepancies, we prioritized a comprehensive redesign of our solar panels. While the design was finalized by the end of Q1, the subsequent manufacturing cycle in China and a two-month maritime transit period necessitated a condensed revenue realization schedule.”

Annual report 2025A · The company itself

“In corporation with a new Chinese suppler a red panel has been developed. The panel has a lower output than the black panel due the red color.”

Annual report 2025A · The company itself

“The markets for our SSLBs are expanding rapidly, driven by demand for compact, intelligent electronic 10 | Annual Report | 2024 devices. These devices increasingly require greater energy density, enhanced mobility, robust security, and support for AI driven functionality, requirements that traditional Li-ion batteries struggle to meet.”

Annual report 2024A · The company itself

“Current relations between the U.S. and China have created increased supply chain risk due to successive U.S. legislation promoting decoupling from China on semiconductors and specific telecommunications equipment makers as well as the threat of increased tariffs and having to source from alternative suppliers for key components outside of China.”

Annual report 2025A · The company itself

“Further, as a result of the increase in demand for AI infrastructure, we are anticipating chip shortages relative to those experienced in the market in prior years. This shortage could impact our customers and delay or deter customer server deployments within our IBX data centers.”

Annual report 2025A · The company itself

“Constraints to component availability, restrictions on permitted suppliers, import and export controls and supplier backlogs could lead suppliers to source from alternative providers. This could lead to increased quality defects and a failure of Equinix to meet our performance and quality requirements.”

Annual report 2025A · The company itself

“Additionally, global supply chain challenges could result in a lack of availability or delays in the delivery of data center equipment. These challenges have driven us to invest in and commit to future purchases in advance of our standard practice to mitigate risks associated with these supply chain issues. These constraints could have a negative impact on our ability to grow revenues, affecting our financial performance, results of operations and cash flows and the growth opportunities presented by the adoption of new technologies, including AI.”

Annual report 2025A · The company itself

“The cost of polysilicon is a significant driver of the manufacturing cost of crystalline silicon solar modules, and the timing and rate of change in the cost of silicon feedstock and polysilicon could lead to changes in solar module pricing levels.”

Annual report 2025A · The company itself

“Table of Contents •Several of our key raw materials and components, in particular CdTe, tellurium, products containing tellurium, and substrate glass, and manufacturing equipment are either single-sourced or sourced from a limited number of suppliers, and their failure to perform could cause manufacturing delays, especially as we expand or seek to expand our business, and/or impair our ability to deliver solar modules to customers in the required quality and quantities and at a price that is profitable to us. •Our failure to effectively manage module manufacturing and related costs, including costs related to raw materials and logistics services, could render our solar modules uncompetitive and reduce our net sales, profitability, and/or market share. •Our future success depends on our ability to effectively balance manufacturing production with market demand, effectively manage our cost per watt, and, when necessary, continue to build new manufacturing plants over time in response to market demand, all of which are subject to risks and uncertainties.”

Annual report 2025A · The company itself

“Cost of sales Our cost of sales includes the cost of raw materials and components for manufacturing solar modules, such as glass, transparent conductive coatings, CdTe and other thin film semiconductors, laminate materials, connector assemblies, edge seal materials, and frames or back rails.”

Annual report 2025A · The company itself

“We have committed and expect to continue to commit significant working capital to purchase various raw materials used in our module manufacturing process. Our failure to obtain raw materials and components that meet our quality, quantity, and cost requirements in a timely manner could increase our manufacturing costs or interrupt or impair our ability to manufacture our solar modules.”

Annual report 2025A · The company itself

“Commodity and Component Risk Some of our raw materials and components are sourced from a limited number of suppliers or a single supplier. Although we may enter into long-term supply contracts for certain raw materials and components, we may be exposed to price changes for certain raw materials and components used to manufacture our solar modules for which we are unable to secure long-term supply contracts or for which our demand exceeds our committed supply.”

Annual report 2025A · The company itself

“Our cost competitiveness is based in large part on our advanced thin film semiconductor technology, module wattage, proprietary manufacturing process (which enables us to produce a CdTe module in a matter of hours using a continuous and highly automated industrial manufacturing process, as opposed to a batch process), and focus on operational excellence. In addition, our CdTe modules use approximately 2% to 3% of the amount of semiconductor material that is used to manufacture conventional crystalline silicon solar modules.”

Annual report 2025A · The company itself

“•We depend on industries that produce products that are subject to rapid technological change and short product lifecycles. •Our industry is highly competitive, and customers may in-source production or modify sourcing strategies; our Cloud and Power Infrastructure businesses are subject to rapid technological change which requires that we make continuing investments to remain competitive. •Our margins and profitability have in the past been, and could in the future be, adversely affected due to substantial investments, start-up and production ramp costs in our design and engineering services. •If we do not effectively manage changes in our operations, our business may be harmed; we have taken substantial restructuring charges in the past and we may need to take material restructuring charges in the future.”

Annual report 2026A · The company itself

“In particular, geopolitical changes in China-Taiwan relations could disrupt the operations of several companies in Taiwan that are critical to the global supply of semiconductors and other electronic components on which many of our customers depend, and any escalation of tensions could materially affect our supply chain and operations.”

Annual report 2026A · The company itself

“If we experience supply chain shortages and cannot fulfill orders or if customers cancel or delay delivery of orders, our backlog may be affected, which will negatively impact our aggregate backlog to billings conversion and revenue in such quarter.”

Annual report 2025A · The company itself

“Generally, a reduction to backlog increases our aggregate billings and revenue during the quarter when delivered. •We may not be successful in executing our strategy to increase our sales to large- and medium-sized end-customers. •A portion of our revenue is generated by sales to government organizations and other adjacent customers, which are subject to a number of regulatory requirements, their own supply chain constraints and contractual requirements, challenges and risks, including impacts from geopolitical dynamics.”

Annual report 2025A · The company itself

“Managing inventory of our products and product components is complex. We order components from third-party manufacturers based on our forecasts of future demand and targeted inventory levels, which exposes us to the risk of product shortages, which may result in lost sales, higher expenses and excess inventory, which may require us to sell our products at discounts and lead to inventory charges or write-offs.”

Annual report 2025A · The company itself

“•Adverse economic conditions, such as a possible economic downturn or recession, and possible impacts of inflation or stagflation, tariffs, trade policies or other trade disruptions, changing interest rates, changes in government spending or regulation or reduced information technology (“IT”) spending, including firewall spending, may adversely impact our business. •We have been, are currently and may in the future be susceptible to supply chain constraints, supply shortages and disruptions, long or less predictable lead times for components and finished goods and supply changes because some of the key components in our products come from limited sources of supply. •During prior periods of supply chain disruption, including during the COVID-19 pandemic, we increased our purchase order commitments. Similar conditions could arise in the future, which may require us to accept or pay for components and finished goods regardless of our level of sales in a particular period, which may negatively or unpredictably impact our operating results and financial condition.”

Annual report 2025A · The company itself

“•We order components and finished goods from third-party manufacturers based on our forecasts of future demand and targeted inventory levels, which exposes us to the risk of product shortages, tariffs, may result in lost sales, higher expenses and inventory excesses which may lead to inventory charges and costs related to future purchase commitments, possibly requiring us to sell our products at discounts or offer various other incentives. •We depend on third parties to provide various components for our products and build our products and are susceptible to manufacturing delays, capacity constraints, cost increases, and changes in the geopolitical environment. •Our inability to successfully acquire and integrate other businesses, products or technologies, or to successfully invest in and form successful strategic alliances with other businesses, could seriously harm our competitive position and could negatively affect our financial condition and results of operations.”

Annual report 2025A · The company itself

“For example, as a result of the rapid global build-out of AI infrastructure, there is currently a global shortage of memory chips, which are a component in certain of our products. As a result, we are currently experiencing, and may continue to experience, constraints on the availability of memory chips.”

Annual report 2025A · The company itself

“Our proprietary ASIC, which are key to the performance of our appliances, are built by contract manufacturers including Renesas and Toshiba America. These contract manufacturers use foundries operated by TSMC or Renesas on a purchase-order basis, and these foundries do not guarantee their capacity and could delay orders or increase their pricing.”

Annual report 2025A · The company itself

“Materials Our manufacturing operations employ a wide variety of raw materials, including electronic components, steel, plastics and other petroleum-based products, aluminum, and copper.”

Annual report 2025A · The company itself

“Table of Contents Our financial results are subject to fluctuations in the cost and availability of commodities or components that we use in our operations. As discussed in the section entitled “Business—Materials,” our manufacturing and other operations employ a wide variety of components, raw materials, and other commodities. Prices for and availability of these components, raw materials, and other commodities have fluctuated significantly in the past.”

Annual report 2025A · The company itself

“Extended disruptions at these suppliers or global shortages of essential components, such as memory chips, could impact Garmin’s ability to meet customer demand due to component shortages or increased lead times, or cause Garmin to incur higher product costs.”

Annual report 2025A · The company itself

“Gross margins for our products may fluctuate or erode. Gross margins in some of our segments are volatile and could decline in the future due to competitive price reductions that are not fully offset by material cost reductions. In addition, our overall gross margin may fluctuate from period to period due to a number of other factors, including product mix, foreign exchange rates, tariffs, freight and component costs, manufacturing facility utilization, and unit volumes.”

Annual report 2025A · The company itself

“Materials Garmin purchases components from a large number of qualified suppliers. Although many components essential to Garmin’s business are generally available from multiple sources, certain key components are currently obtained by the Company from single or limited sources, which subjects Garmin to supply and pricing risks. For these components, the Company has limited near-term flexibility to use other suppliers if a current vendor becomes unavailable or is unable to meet requirements.”

Annual report 2025A · The company itself

“Significant supply chain and logistics disruptions, including volatility in the cost or availability of critical materials and components, could delay or impact our ability to deliver on customer obligations, increase costs, and expose us to contractual and reputational risks. We rely on third-party suppliers, contract manufacturers, service providers, and commodity markets for raw materials, parts, components, and subsystems.”

Annual report 2025A · The company itself

“Certain inputs are limited or sole-sourced, concentrated with a small number of suppliers, or primarily available from a single country, including semiconductor chips and critical materials (such as specialty metals and rare earths).”

Annual report 2025A · The company itself

“Nuclear Power - provides nuclear technology solutions for boiling water reactors including reactor design, reactor fuel and support services, and the design and development of small modular reactors through joint ventures with Hitachi, Ltd.”

Annual report 2025A · The company itself

“If our sources of supply are disrupted, particularly in instances where we rely on only one or two sources of supply, or in the event that international conflicts result in the disruption of manufacturing or trade relations for some supply components, our ability to meet our customer commitments could be adversely impacted.”

Annual report 2025A · The company itself

“We sometimes rely on only one or two sources of supply, and any disruption in our supply chain could have an adverse effect on our ability to meet our customer commitments and could adversely affect our business, results of operations and financial condition. For example, some of our operating segments rely on the supply of semiconductors for the manufacture of our products, and any inability of or delay by our suppliers to meet our order demands (including due to the suppliers’ competing commercial priorities, any military conflict resulting in a disruption of manufacturing or trade relations, or any other business disruption) could delay or disrupt our ability to procure semiconductors.”

Annual report 2025A · The company itself

“GN’s supply chains, including component sourcing, remain dependent on the availability of components and manufacturing capacity across Asia”

Annual report 2025A · The company itself

“GN’s supply chains, including component sourcing, remain dependent on the availability of components and manufacturing capacity across Asia. It is critical to GN’s success that its in-house as well as outsourced manufacturing and supply chain setup is resilient, cost efficient, and that GN as a whole is able to deliver products and services to customers of the right quality, the right price, and on time across the world.”

Annual report 2025A · The company itself

“However, market conditions can trigger constraints in the supply of certain raw materials, such as proppants (primarily sand), chemicals, metals, gels, and electronic components (circuit boards).”

Annual report 2025A · The company itself

“Raw materials essential to our operations and manufacturing, such as sand, chemicals, metals, gels, and electronic components (circuit boards), are normally readily available. Shortage of raw materials because of high levels of demand or loss of suppliers during market challenges or tariffs can trigger constraints in the supply chain of those raw materials, particularly where we have a relationship with a single supplier for a particular resource.”

Annual report 2025A · The company itself

“Our future growth (especially for our Global Technology and Global Specialty Products segments) is dependent upon our ability to develop or acquire and maintain and protect new products and services and utilize new technologies that achieve market acceptance with acceptable margins. Our future success depends on our ability to timely develop (or obtain the right to sell) competitive and innovative (particularly for our Global Technology and Global Specialty Products segments) products and services and utilize new technologies, such as artificial intelligence (“AI”) (among other emerging technologies) and to market them and/or utilize them quickly and cost-effectively.”

Annual report 2025A · The company itself

“This segment also markets and sells under our own corporate brand, a portfolio of cost-effective, high-quality consumable merchandise; • Global Specialty Products: manufacturing, marketing and sales of dental implant and biomaterial products; endodontic, orthodontic and orthopedic products and other health care-related products and services; and • Global Technology: development and distribution of practice management software, e-services, and other products, which are distributed to health care providers.”

Annual report 2025A · The company itself

“Our overall demand pipeline is stable, although demand across our AI product portfolio, including for high performance graphics and accelerated processing units, continues to be somewhat uneven due to the lumpiness of deals that have caused, and may continue to cause, fluctuations quarter-to-quarter. AI systems demand in the midst of persisting data center space availability constraints continued to drive significant AI backlog.”

Annual report 2025A · The company itself

“We provide demand forecasts for our products to our manufacturers, who order components and plan capacity based on these forecasts. We have experienced, and may experience again in the future, delays and shortages of certain components as a result of strong demand, supplier transitions, raw material or capacity constraints, and other problems experienced by suppliers in certain geographies and markets, resulting in insufficient 20 Table of Content supply to meet total market demand.”

Annual report 2025A · The company itself

“The increase in product revenue was primarily due to higher net AUPs of $2,556 million, or 20.1%, partially offset by a decrease in net unit volume of $827 million, or 6.5%.”

Annual report 2025A · The company itself

“We purchase materials, supplies, and product subassemblies from a substantial number of vendors. For most of our products, we have existing alternate sources of supply or such alternate sources of supply are readily available. However, we do rely on single-source suppliers for certain customized parts (although some of these sources have operations in multiple locations in the event of a disruption) and a disruption or loss of a single-source supplier could delay production of some products. In some instances, our single-source suppliers (e.g., Intel and AMD as suppliers of certain x86 processors Broadcom and others for industry standard Application-Specific Standard Product, or NVIDIA for Graphics Processing Units) are also the single-source suppliers for the entire market; disruptions with these suppliers would result in industry-wide dislocations and therefore would not disproportionately disadvantage us relative to our competitors.”

Annual report 2025A · The company itself

“We obtain certain components from single-source suppliers due to technology, availability, price, quality, scale, or customization needs. Certain single source suppliers have discontinued, and may again in the future discontinue, manufacturing components used in our products, which may cause us to discontinue certain products, incur additional costs to redesign our products so as not to incorporate such discontinued components, or incur time and expense to find replacement suppliers.”

Annual report 2025A · The company itself

“Separately, periodic supply chain shortages and constraints have, in some instances, resulted in, and may result in, increases to the costs of production of our hardware products that we have, at times, not been able to, and may, in the future, not be able to pass on to our customers.”

Annual report 2025A · The company itself

“Server gross profit decreased by $337 million, or 8.3%, primarily driven by an increase in cost of sales by $1,978 million, or 16.4%, due to the input cost increases and higher mix of lower margin products.”

Annual report 2025A · The company itself

“To successfully execute our strategy in a rapidly evolving market, we must maintain effective planning, forecasting, and management processes to enable us to continue to improve cost structures, align sales coverage with strategic goals, improve channel execution, and strengthen our capabilities in our areas of strategic focus, while continuing to pursue new product innovation in areas such as edge computing, hybrid cloud, AI, high performance computing, and networking.”

Annual report 2025A · The company itself

“The AI market requires a modern and high-performing networking fabric as a core foundation to deliver a more efficient data-center cloud, which we offer through our AI-native portfolio of networking solutions. We intend to drive innovation through “AI for Networks”— which we define as using AI to make networks smarter — and “Networks for AI”— which builds the foundational infrastructure for next-generation AI applications.”

Annual report 2025A · The company itself

“With the acquisition of Juniper Networks, HPE now has a full-stack portfolio spanning campus and branch, data center switches, wide-area routing, and secure access services edge (“SASE”) solutions. HPE’s networking offerings are designed both with AI (leveraging AIOps) and for AI (delivering high-performance networks that maximize GPU utilization and minimize AI job completion times).”

Annual report 2025A · The company itself

“In the high-performance computing and AI sector, our investments are focused on pioneering leadership class computing solutions that deliver superior performance and efficiency. These solutions feature leading edge silicon architectures, high-speed interconnects, advanced storage and innovative direct liquid cooling. Our R&D efforts in the realm of AI are particularly robust, with new server solutions designed for AI inference engines and integrated into HPE Private Cloud AI for inferencing, retrieval augmented generation, and model fine-tuning. Large-scale model training and tuning, including natural language processing, large language models, and multi-modal training for models with trillions of parameters are supported by our leading AI solutions.”

Annual report 2025A · The company itself

“Server For the fiscal years ended October 31, 2025 2024 2023 2025 vs 2024 % Change Dollars in millions Net revenue $ 17,745 $ 16,104 $ 14,266 10.2 % Cost of sales 14,038 12,060 10,071 16.4 % Gross profit 3,707 4,044 4,195 (8.3) % Operating expenses 2,364 2,240 2,380 5.5 % Earnings from operations $ 1,343 $ 1,804 $ 1,815 (25.6) Server net revenue increased by $1,641 million, or 10.2%, primarily due to a $1,691 million, or 13.3%, increase in product revenue.”

Annual report 2025A · The company itself

“Networking For the fiscal years ended October 31, 2025 2024 2023 2025 vs 2024 % Change Dollars in millions Net revenue $ 6,850 $ 4,532 $ 5,379 51.1 % Cost of sales 2,756 1,706 2,228 61.5 % Gross profit Networking net revenue increased by $2,318 million, or 51.1%, primarily due to a $1,444 million, or 43.2%, increase in product revenue, and $874 million, or 73.6%, increase in service revenue. The increase in product revenue was primarily led by revenue attributable to Juniper Networks of $1,367 million, or 40.9%, higher volume and product mix effect of $152 million, or 4.5%, partially offset by lower AUPs of $72 million, or 2.2%.”

Annual report 2025A · The company itself

“Major Customers The Company had one distributor which represented approximately 10% of the Company's total net revenue in fiscal 2025, primarily within the Server and Networking segments.”

Annual report 2025A · The company itself

“Hexagons hårdvaruprodukter består av komponenter från flera olika leverantörer. För att kunna tillverka, sälja och leverera produkter är Hexagon beroende av leveranser från tredje part i enlighet med överenskomna krav med avseende på exempelvis mängd, kvalitet och leveranstider. Felaktiga eller uteblivna leveranser från en leverantör kan i sin tur orsaka försenade eller uteblivna leveranser från Hexagons sida, vilket kan resultera i minskad försäljning.”

Annual report 2024A · The company itself

“Hexagon är en global ledare inom teknologi som kombinerar sensorer, mjukvara och autonoma teknologier för att omvandla världens mest vitala industrier.”

Annual report 2024A · The company itself

“Hexagon levererar sensorer, mjukvara och data till sina kunder. 57 procent av försäljningen kommer från mjukvara och tjänster.”

Annual report 2024A · The company itself

“We anticipate commodity cost pressure to continue, including recent inflationary trends in memory and storage costs and potential supply constraints in our Personal Systems business.”

Annual report 2025A · The company itself

“Our platforms incorporate processors from Intel, and AMD, including integrated AI acceleration, as well as NVIDIA GPUs for advanced graphics and compute workloads.”

Annual report 2025A · The company itself

“We are heavily dependent on third-party suppliers and their ability to deliver sufficient key components, products and services at reasonable prices and in time for us to meet schedules for the delivery of our products and services. In addition, our operations depend on our ability to anticipate and our suppliers’ ability to fulfill, our needs for sufficient key components, products and services (including sourcing matched sets).”

Annual report 2025A · The company itself

“We also have experienced, and may experience in the future, gross margin declines in certain businesses, reflecting the effect of competitive pricing pressures and increases in component and manufacturing costs, resulting from market dynamics, especially increasing memory and storage costs and potential supply chain constraints in our Personal Systems business, and higher labor and material costs borne by our manufacturers and suppliers that we are unable to pass on to our customers.”

Annual report 2025A · The company itself

“We have at times experienced and may in the future experience a shortage of, or a delay in receiving, certain components as a result of strong demand, capacity constraints, supplier financial weaknesses, disputes with suppliers (some of whom are also our customers), disruptions in the operations of component suppliers, supplier ability to demonstrate regulatory compliance, regulatory or other trade restrictions on specific components in certain markets, other problems experienced by suppliers or problems we face during the transition to new suppliers. For example, a market shortage of integrated circuits and panels and other component supply has at times affected, and may affect in the future, lead times, the cost of that supply, and our ability to meet customer demand for our products.”

Annual report 2025A · The company itself

“For example, we rely on Canon for certain laser printer engines and laser toner cartridges and certain key suppliers for application specific integrated circuits (“ASICs”). We also rely on Intel, AMD, and NVIDIA, or other suppliers to provide us with a sufficient supply of processors for the majority of our PCs and workstations.”

Annual report 2025A · The company itself

“Some of those processors may be customized for our products.”

Annual report 2025A · The company itself

“•In Personal Systems, we face challenges with a competitive pricing environment, variability in commodity costs, especially increasing memory and storage costs, and the uncertainty of the market’s ability to absorb price increases. •In Printing, we face challenges from changing customer behaviors as well as competitors with a favorable foreign currency environment and non-original supplies (which includes imitation, refill, or remanufactured alternatives).”

Annual report 2025A · The company itself

“During fiscal year 2025, we experienced higher commodity and tariff costs, which were not fully mitigated by pricing and other actions enacted during the period.”

Annual report 2025A · The company itself

“Gross margin decreased primarily due to higher commodity and tariff costs, partially offset by disciplined pricing actions.”

Annual report 2025A · The company itself

“Personal Systems Personal Systems offers desktops, notebooks, and workstations (including HP’s portfolio of AI PCs and workstations), thin clients, retail point-of-sale (“POS”) systems, displays, hybrid systems, software, solutions including endpoint security and services.”

Annual report 2025A · The company itself

“The Personal Systems segment offers commercial and consumer desktops, notebooks and workstations (including HP’s portfolio of AI PCs and workstations), thin clients, retail POS systems, displays, hybrid systems, software, solutions including endpoint security, and services.”

Annual report 2025A · The company itself

“Net Revenue Products net revenue includes revenue from the sale of hardware, supplies, subscriptions and software licenses.”

Annual report 2025A · The company itself

“Elektroniska komponenter, inklusive batterier och tillhörande komponenter blir viktigare för koncernens produkter och tjäns - ter. Global efterfrågan på dessa komponenter ökar också dramatiskt på grund av pågående elektrifiering av samhället, särskilt på battericeller och datorchip.”

Annual report 2024A · The company itself

“The Company’s Business Could Be Impacted by Its Relationships with Critical Suppliers: IBM’s business employs a wide variety of components (hardware and software), supplies, services and raw materials from a substantial number of suppliers around the world. Certain of the company’s businesses rely on a single or a limited number of suppliers, including for server processor technology for certain semiconductors.”

Annual report 2025A · The company itself

“However, we purchase some components from a single or limited number of sources for reasons of proprietary know-how, quality assurance, cost-effectiveness, or constraints resulting from regulatory requirements. We rely on a limited number of suppliers for a certain number of the components and sub-assemblies used in the manufacture of our products, including application-specific integrated circuit chips, Bluetooth low-energy chips, and other specialized parts.”

Annual report 2025A · The company itself

“Further, the design of certain components and sub-assemblies (including, in some instances, the raw materials used to manufacture them) that we purchase is proprietary and the intellectual property rights may be owned exclusively by one party. In such cases, we are sole-sourced, with the supplier controlling the intellectual property rights. These sole-sourced components, sub-assemblies and raw materials are critical to the design and functionality of our products.”

Annual report 2025A · The company itself

“We have also seen significant price increases for various components and raw materials, including for semiconductor chips.”

Annual report 2025A · The company itself

“Our process technology roadmap to regain transistor performance and power performance competitiveness is subject to a number of risks, and we could fail to realize our goals, including due to changes in competitor technology roadmaps, changes affecting our projections regarding our technology or competing technology, and the risks inherent in the development and implementation of new semiconductor products and manufacturing process technologies.”

Annual report 2025A · The company itself

“From time to time, we are negatively impacted by supply chain issues, including: ▪suppliers extending lead times, experiencing capacity constraints, limiting or canceling supply, allocating supply to other customers including competitors, delaying or canceling deliveries or increasing prices (for example, we are currently being impacted by industry supply constraints for memory chips, substrates and foundry capacity); ▪supplier quality issues; ▪cybersecurity events, IP or other litigation, man-made or natural disasters, public health issues (including pandemics), operational failures or other events that disrupt suppliers; ▪long lead times to qualify alternate or additional suppliers, or the unavailability of qualified alternate suppliers; and ▪increased legislation, regulation or stakeholder expectations regarding sourcing, including with respect to national security, human rights and environmental impact concerns.”

Annual report 2025A · The company itself

“From time to time, we identify product defects, errata and other product issues, which can result from problems in our product design or our manufacturing and assembly and test processes. Components and products we purchase or license from third-party suppliers, or gain through acquisitions, can also contain defects. Product issues also sometimes result from the interaction between our products and third-party products and software.”

Annual report 2025A · The company itself

“Further, some of our newer and more high-end products and a number of our future products involve the use of tiles manufactured by TSMC, a key competitor on the foundry side of our business, or other third-party foundry suppliers.”

Annual report 2025A · The company itself

“In addition, the cost of new leading-edge process nodes continues to increase at a higher rate relative to legacy process nodes due to a number of factors, including the cost of procuring and operating advanced manufacturing equipment.”

Annual report 2025A · The company itself

“The investments required for our leading-edge process technology development and our worldwide manufacturing and assembly and test require capital expenditures above our historical levels. In recent years, the semiconductor manufacturing industry has seen very significant increases in the capital investments required for manufacturing facilities utilizing leading-edge process technologies, including as a result of the use of EUV and high-NA EUV lithography tools. Our ownership and operation of such high-tech fabrication facilities, and our need to build new and expand or upgrade existing facilities in anticipation of future products and demand, has resulted and will continue to result in our incurring large capital outlays and high costs that are fixed or difficult to reduce in the short term. Such capital outlays and costs include those related to utilization of existing facilities, facility construction and equipment, R&D, and the employment and training of a highly skilled workforce.”

Annual report 2025A · The company itself

“We have a highly complex global supply chain composed of thousands of suppliers. These suppliers provide direct materials for our production processes; supply tools, equipment and IP (via licenses) for our factories; deliver logistics and packaging services; and supply software, lab and office equipment, and other goods and services used in our business. We also rely on suppliers to provide certain components for our products and to manufacture and assemble and test some of our components and products.”

Annual report 2025A · The company itself

“For example, ASML Holding N.V. (ASML) is currently the sole supplier of EUV lithography tools that we are deploying in our Intel 4, Intel 3, Intel 18A and planned future leading-edge manufacturing process nodes. These tools are highly complex to develop and produce, and increasingly costly, and from time to time there are increases in lead times or delays in their development and availability, which could delay the development or ramp of our future process nodes.”

Annual report 2025A · The company itself

“As a further example, a limited number of third-party foundries offer leading-edge manufacturing processes, and these providers are geographically concentrated in Asia. Some of our most advanced current and future products are or will be either exclusively manufactured by TSMC or reliant upon critical components, including various compute die, manufactured by TSMC.”

Annual report 2025A · The company itself

“To obtain future supply of certain materials and components, particularly substrates, and third-party foundry manufacturing capacity, we have entered into arrangements with some of our suppliers that involve long-term purchase commitments and/or large prepayments. These arrangements may not be adequate to meet our requirements, or our suppliers may fail to deliver committed volumes on time or at all, or their financial condition may deteriorate. If future customer demand over the horizon of such arrangements falls below our expectations, we could have excess or obsolete inventory, unneeded capacity and increased costs, and our prepayments may not be fully utilized, and in some cases may not be fully recoverable.”

Annual report 2025A · The company itself

“We also announced a strategic partnership with NVIDIA to co-develop custom client and data center products combining our x86 CPU technologies with NVIDIA's AI and accelerated computing capabilities. The collaboration is intended to jointly develop multiple generations of products for hyperscale, enterprise and consumer markets based on the x86 architecture.”

Annual report 2025A · The company itself

“Our product offerings are predominantly manufactured in our own facilities, located in the U.S. and internationally, using our proprietary process technologies. In recent years, however, we have also strategically utilized third-party foundry manufacturing capacity, including at one of our key foundry competitors, TSMC, for various tiles or an entire product where advantageous for cost, performance, schedule or other considerations.”

Annual report 2025A · The company itself

“We continue to innovate and advance leading-edge semiconductor process technology and manufacturing in the U.S., where we are the only company conducting both leading-edge logic R&D and high-volume manufacturing. At present, nearly all of our Intel Foundry business supports internal manufacturing for Intel Products; however, we are offering our Intel Foundry services to external customers and aim to develop a more significant external foundry business in the future.”

Annual report 2025A · The company itself

“In support of our strategy, we continue to make investments to advance our product and process technology roadmaps.”

Annual report 2025A · The company itself

“We are making significant, long-term and inherently risky investments in R&D and manufacturing facilities that may not realize a favorable return. To compete successfully, we must maintain an effective R&D program, develop new products and manufacturing processes, improve our products and processes and make significant capital investments in new and existing manufacturing facilities, all ahead of competitors and market demand.”

Annual report 2025A · The company itself

“We have been unsuccessful to date in securing any significant external foundry customers for any of our nodes and our prospects for securing a significant external foundry customer for Intel 14A are uncertain.”

Annual report 2025A · The company itself

“Overview We are a global designer and manufacturer of semiconductor products. The CPUs and other semiconductor solutions that we design, manufacture, market, sell and service are incorporated in computing and related end products and services, and utilized globally by consumers, enterprises, governments and educational organizations.”

Annual report 2025A · The company itself

“Revitalizing the x86 Ecosystem Our x86 architecture and related CPU offerings have served as a foundational computing platform for over four decades, supporting a broad range of client and data center applications and enabling a heterogeneous environment from which a deep and extensive software ecosystem has developed. The widespread adoption of our x86 architecture and related CPU offerings and established software ecosystem continues to provide interoperability and performance across diverse workloads. We remain focused on adapting and advancing our x86 product portfolio to meet evolving market needs, including those driven by inference AI, agentic AI and physical AI.”

Annual report 2025A · The company itself

“Key Products We derived most of our consolidated revenue in 2025, 2024 and 2023 from our CCG and DCAI product offerings.”

Annual report 2025A · The company itself

“Our client CPUs are offered in a broad range of configurations to appeal to different consumer applications and price points. They are generally offered to customers in the form of a system-on-chip, or SoC, with the primary CPU compute chip combined with a controller and memory hub and GPU, NPU, IPU or other accelerator chips enabling additional capabilities.”

Annual report 2025A · The company itself

“Client revenue (collectively notebook and desktop) was $27.6 billion in 2025, down $1.1 billion from 2024, primarily due to lower 2025 client volume resulting from incremental customer incentives offered to certain customers in the first half of 2024 and customer inventory level reductions in 2025.”

Annual report 2025A · The company itself

“▪DCAI revenue increased $794 million from 2024, primarily driven by higher server revenue due to higher hyperscale customer-related demand, which contributed to an increase in server volume of 9%.”

Annual report 2025A · The company itself

“Our pricing and margins vary across our products and market segments due in part to marketability of our products and differences in their features or manufacturing costs. For example, our core product offerings range from lower-priced and entry-level platforms to higher-end platforms. Our ancillary product offerings that extend beyond our core product lines typically have significantly lower margins than our higher-priced products, and at times are not profitable.”

Annual report 2025A · The company itself

“Some of our higher-priced products, however, have lower margins as they are produced at external foundries rather than in our manufacturing facilities. To the extent demand shifts from our higher-margin to lower-margin products in any of our market segments, our gross margin percentage has decreased and may decrease again.”

Annual report 2025A · The company itself

“The manufacture of our products requires the timely delivery of a sufficient amount of quality components and materials and is highly exacting and complex, due in part to complex trade and strict regulatory requirements. Some of the components necessary for the assembly of our products are currently provided to us by sole-sourced suppliers or single-sourced suppliers due to, among other things, quality considerations, unique intellectual property considerations, or constraints associated with regulatory requirements. We generally purchase components through purchase orders rather than long-term supply agreements 30 Table of Contents and generally do not maintain large volumes of components within our inventory.”

Annual report 2025A · The company itself

“Globaalin kauppapolitiikan epävarmuustekijät voivat vaikuttaa tiettyjen komponenttien hintoihin ja saatavuuteen tullien tai muiden poliittisten muutosten kautta, mikä voi johtaa epäedulliseen kehitykseen suorien kustannusten osalta.”

Annual report 2025A · The company itself

“Lisäksi Kalmar lanseerasi vuoden aikana seuraavan sukupolven litiumioniakkuteknologian sähkökäyttöisten vastapainolaitteiden tuotevalikoimaansa ja sähkökäyttöiseen konttilukkiinsa.”

Annual report 2025A · The company itself

“–Sähköistymisen trendin vuoksi sähköajoneuvoissa käytettävien komponenttien (akut, moottorit ja puolijohteet) kysynnän odotetaan kasvavan, mikä johtaa rajoitettuun saatavuuteen ja mahdollisesti komponenttien puutteeseen. Rajoitettu saatavuus aiheuttaa hintojen nousua, kun taas komponenttien puute aiheuttaa tuotannon viivästymistä.”

Annual report 2025A · The company itself

“Komponenttien ja raaka-aineiden saatavuus on parantunut aiempiin vuosiin verrattuna. Häiriöt toimitusketjussa ovat kuitenkin edelleen mahdollisia.”

Annual report 2025A · The company itself

“Our manufacturing operations employ a wide variety of semiconductors, electromechanical components and assemblies, and raw materials, such as plastic resins and sheet metal. We purchase materials from various suppliers globally.”

Annual report 2025A · The company itself

“In addition to discontinuing parts, suppliers may also extend lead times, limit supplies or increase prices due to capacity constraints or other factors. In order to secure components for the production of products, we may continue to enter into non-cancellable purchase commitments with vendors, or at times make advance payments to suppliers, which could impact our ability to adjust our inventory to declining market demands.”

Annual report 2025A · The company itself

“R&D expense in 2025 increased 2 percent compared to 2024, primarily driven by continued investments in key growth opportunities in our end markets and leading-edge technologies and higher variable people related costs.”

Annual report 2025A · The company itself

“Despite macroeconomic uncertainties, customer engagement remained high in key long-term strategic initiatives, including R&D for AI-driven demand for advanced semiconductor technologies, software-defined vehicles, industrial IoT, digital health, and fab capacity.”

Annual report 2025A · The company itself

“End-market demand drivers expected to benefit KLA over the long term include adoption of EUV in high-volume manufacturing (“HVM”) for logic and DRAM memory, including high-bandwidth memory, which drives new process control requirements and growth in key markets for KLA.”

Annual report 2026A · The company itself

“Demand for advanced semiconductor technologies, particularly at the 2-nanometer node, where investment levels and process control intensity are increasing, continues to support AI-related investments.”

Annual report 2026A · The company itself

“Our business depends upon the capital expenditures of semiconductor, semiconductor-related and electronic device manufacturers, which are driven by current and anticipated market demand for ICs and the products that use them.”

Annual report 2026A · The company itself

“In April 2025, Commerce announced the initiation of investigations into the effects on U.S. national security of imports of semiconductors under Section 232 of the Trade Expansion Act of 1962. The scope of the investigations includes semiconductors, semiconductor manufacturing equipment and their derivative products, including semiconductor substrates and bare wafers, legacy chips, leading-edge chips, microelectronics and other components.”

Annual report 2026A · The company itself

“Industry and Technology Risks Ongoing changes in the technology industry, including AI-related developments and changes in semiconductor manufacturing processes, customer investment patterns and end-market demand, could expose our business to significant risks.”

Annual report 2026A · The company itself

“This increasing concentration exposes our business, financial condition and operating results to a number of risks, including the following: •The mix and type of customers, and sales to any single customer, may vary significantly from quarter to quarter and from year to year, which expose our business and operating results to increased volatility tied to individual customers; •New orders from our foundry/logic customers in the past several years have constituted a significant portion of our total orders. This concentration increases the impact that future business or technology changes within the foundry/logic industry may have on our business, financial condition and operating results; •In a highly concentrated business environment, if a particular customer does not place an order, or if they delay or cancel orders, we may not be able to replace the business.”

Annual report 2026A · The company itself

“We use a wide range of materials in the production of our products, including custom electronic and mechanical components, and we use numerous suppliers to supply these materials. Generally, we do not have guaranteed supply arrangements with our suppliers.”

Annual report 2026A · The company itself

“Recently, a few large suppliers have discontinued manufacturing certain DRAM chips that are incorporated in a number of our products, and the resulting shortage has caused a dramatic increase in the prices to acquire these chips. Our efforts to procure these chips contributed to an increase in purchase commitments in fiscal 2026. We estimate that the additional costs to procure these DRAM chips will continue to have an adverse impact on our gross margin in 27 Table of Contents fiscal 2027.”

Annual report 2026A · The company itself

“Success in the industries in which we serve, including the semiconductor and PCB industries depends, in part, on the continual improvement of existing technologies and rapid innovation of new solutions.”

Annual report 2026A · The company itself

“We must continue to make significant investments in R&D in order to enhance the performance, features and functionality of our products, to keep pace with competitive products and to satisfy customer demands.”

Annual report 2026A · The company itself

“In addition, we at times engage in collaborative technology development efforts with our customers and suppliers, and these collaborations may constitute a key component of certain of our ongoing technology and product R&D projects. The termination of any such collaboration, or delays caused by disputes or other unanticipated challenges that may arise in connection with any such collaboration, could significantly impair our R&D efforts, which could have a material adverse impact on our business and operations.”

Annual report 2026A · The company itself

“iii Table of Contents PART I ITEM 1.BUSINESS The Company KLA Corporation and its majority-owned subsidiaries (“KLA” or the “Company,” and also referred to as “we,” “our,” “us” or similar references) are suppliers of industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers, reticles/masks, chemicals/materials, integrated circuits (“ICs” or “chips”), packaged ICs and printed circuit boards (“PCBs”), as well as comprehensive support and services across our installed base.”

Annual report 2026A · The company itself

“We are organized into three reportable segments: Semiconductor Process Control, Specialty Semiconductor Process and PCB and Component Inspection. Within the Semiconductor Process Control segment, our comprehensive portfolio of inspection, metrology and software products, as well as related services, help IC, wafer, reticle/mask and chemical/materials manufacturers achieve target yields throughout the entire fabrication process, from R&D to final volume production.”

Annual report 2026A · The company itself

“Within the Specialty Semiconductor Process segment, we develop and sell advanced vacuum deposition and etching process tools, which are used by a broad range of specialty semiconductor customers, including manufacturers of microelectromechanical systems (“MEMS”), radio frequency (“RF”) communication semiconductors, and power semiconductors for automotive and industrial applications.”

Annual report 2026A · The company itself

“The Semiconductor Process Control segment offers a comprehensive portfolio of inspection, metrology, chemistry process control and software products and related services, which support the semiconductor ecosystem from R&D to final volume production. For IC manufacturing, our systems support the production of all chip types including advanced logic, DRAM, 3D NAND, power devices, MEMS, legacy design node chips and more.”

Annual report 2026A · The company itself

“Our reticle systems support quality control during the manufacturing of optical and EUV reticle types.”

Annual report 2026A · The company itself

“In addition, we face a number of risks specific to ongoing changes in the semiconductor industry, as a significant majority of our sales are our process control and yield management products sold to semiconductor manufacturers.”

Annual report 2026A · The company itself

“We derive a substantial percentage of our revenues from sales of inspection products. As a result, any delay or reduction of sales of these products could have a material adverse effect on our business, financial condition and operating results.”

Annual report 2026A · The company itself

“Customers We count among our largest customers the leading semiconductor, semiconductor-related and electronic device manufacturers in Asia, the U.S. and Europe.”

Annual report 2026A · The company itself

“We focus on providing comprehensive resources for the full breadth of process control, process-enabling and yield management solutions for manufacturing and testing wafers and reticles, a wide variety of ICs, PCBs, IC substrates and packaging as well as general materials research.”

Annual report 2026A · The company itself

“Our semiconductor customers generally operate in one or both of the major semiconductor device manufacturing markets: memory and foundry/logic.”

Annual report 2026A · The company itself

“We are exposed to risks associated with a highly concentrated customer base. Our customer base, particularly in the semiconductor industry, historically has been highly concentrated due to corporate consolidation, acquisitions and business closures. In this environment, orders from a relatively limited number of manufacturers have accounted for, and are expected to continue to account for, a substantial portion of our sales.”

Annual report 2026A · The company itself

“For example, the growth of AI technologies and related infrastructure has been and is expected to continue to be a significant driver of capital equipment expenditures by semiconductor manufacturers across both the memory and non-memory market segments and requires us to respond (sometimes rapidly) to changes in demand for our products and services, including by expanding our equipment manufacturing capabilities and hiring additional personnel.”

Annual report 2026A · The company itself

“Our business is affected by our customers’ use of our products in certain steps in their wafer fabrication processes. Should technologies change so that the manufacture of semiconductors requires fewer steps using our products, this could have a larger impact on our business than it would on the business of our less concentrated competitors.”

Annual report 2026A · The company itself

“We are a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.”

Annual report 2026A · The company itself

“We Are Subject to Risks Relating to Product Concentration and Lack of Product Revenue Diversification We derive a substantial percentage of our revenues from a limited number of products. Our products are priced up to the tens of millions of dollars per system. As a result, the inability to recognize revenue on even a few systems can cause a significantly adverse impact on our revenues for a given quarter, and, in the longer term, the continued market acceptance of these products is critical to our future success.”

Annual report 2026A · The company itself

“We depend on raw materials, such as steel, copper and aluminum, and components purchased from third parties to manufacture our products.”

Annual report 2025A · The company itself

“Compressors, motors and controls constitute our most significant component purchases, while steel, aluminum and copper account for the bulk of our raw material purchases.”

Annual report 2025A · The company itself

“U.S. government investigations are currently underway that may result in new tariffs on certain products, including semiconductors, machines, and other products derivative of critical minerals. For example, on April 14, 2025, the Secretary of Commerce initiated an investigation under Section 232 of the Trade Expansion Act of 1962 to determine the effects on U.S. national security of imports of semiconductors, semiconductor manufacturing equipment, and their derivative products, including semiconductor substrates and bare wafers, legacy chips, leading-edge chips, microelectronics, and other components.”

Annual report 2026A · The company itself

“Challenges relating to supply chain constraints, including semiconductor components, could adversely impact our business, results of operations and financial condition. Due to increased demand across a range of industries, our business and customers’ businesses are experiencing and could, in the future, experience supply constraints due to both constrained manufacturing capacity, as well as component parts shortages. These supply constraints have adversely affected and could further affect availability, lead-times and cost of components, and could increase the likelihood of unexpected cancellations or delays of previously committed supply of key components.”

Annual report 2026A · The company itself

“Further, our ability to continue to develop and effectively deploy AI technologies is dependent on access to specific third-party equipment, technology, and other technical and physical infrastructure, such as processing hardware, network capacity, models, computing power, and related energy requirements, as to which we cannot control the availability or pricing, especially in a highly competitive environment.”

Annual report 2025A · The company itself

“We have made significant investments in AI initiatives, including investments in infrastructure and headcount, including specialized technical personnel, to support our efforts to enhance our products, features, and advertising tools, as well as to develop and train our AI models, and expect to continue to increase these investments.”

Annual report 2025A · The company itself

“For example, like others in our industry, we rely on certain third-party equipment and components for our technical infrastructure that are manufactured by a small number of third parties, often with significant operations in a single region such as Asia. Any of the foregoing delays or disruptions, including actions by governments or geopolitical events such as international conflicts, tariffs, sanctions, export or import controls, and other measures that restrict international trade, could reduce or eliminate the ability of our suppliers, manufacturers, or other third-party providers to continue their operations to manufacture, or limit or eliminate our ability to purchase, key components of our technical infrastructure.”

Annual report 2025A · The company itself

“For example, the consumer hardware products we sell from time to time have had, and in the future may have, quality issues resulting from the design or manufacture of the products, or from the software used in the products. Sometimes, these issues may be caused by components we purchase from other manufacturers or suppliers.”

Annual report 2025A · The company itself

“Our competitors may use aggressive pricing to obtain market share. Some of our competitors are large corporations or conglomerates that may operate in jurisdictions with lower labor and compliance costs and may have a larger market share and greater resources to invest in technology, capitalize on growth opportunities, and withstand downturns in the semiconductor markets in which we compete.”

Annual report 2025A · The company itself

“We, and some of our competitors, have plans to construct new fabrication facilities and/or ramp production at existing fabrication facilities. Increases in worldwide supply of semiconductor memory and storage, if not accompanied by commensurate increases in demand, could lead to declines in average selling prices for our products and could materially adversely affect our business, results of operations, or financial condition.”

Annual report 2025A · The company itself

“Additionally, rapid technological change in markets we serve could contribute to shortened product life cycles and a decline in average selling prices of our products. If competitors are more successful at developing or implementing new product or process technology, their products could have cost or performance advantages.”

Annual report 2025A · The company itself

“If production is disrupted for any reason, manufacturing yields may be adversely affected, or we may be unable to meet our customers’ requirements and they may purchase products from other suppliers. This could result in a significant increase in manufacturing costs, loss of revenue, or damage to customer relationships, any of which could have a material adverse effect on our business, results of operations, or financial condition.”

Annual report 2025A · The company itself

“Our operations are dependent on our ability to procure advanced semiconductor manufacturing equipment that enables the transition to lower cost manufacturing processes. For certain key types of equipment, including photolithography tools, we are sometimes dependent on a single supplier. From time to time, we have experienced difficulties in obtaining some equipment on a timely basis due to suppliers’ limited capacity.”

Annual report 2025A · The company itself

“In 2025, we began shipping the 1γ production node, which is our first DRAM node incorporating EUV lithography. We also began volume production on our Micron G9 NAND node.”

Annual report 2025A · The company itself

“Our HBM4 technology is advancing and remains on schedule for volume production in calendar 2026.”

Annual report 2025A · The company itself

“To compete in the semiconductor memory and storage markets, we must continue to develop technologically advanced products and processes. The continued evolution of our semiconductor product offerings is necessary to meet expected customer requirements for memory and storage products and solutions.”

Annual report 2025A · The company itself

“Our future success depends on our ability to develop and produce new and competitive memory and storage technologies and products.”

Annual report 2025A · The company itself

“BUSINESS Overview We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands.”

Annual report 2025A · The company itself

“DRAM: DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval with a variety of performance characteristics. DRAM products lose content when power is turned off (“volatile”) and are most commonly used in the data center, client PC, graphics, industrial, mobile, and automotive markets.”

Annual report 2025A · The company itself

“High-Bandwidth Memory (“HBM”): A 3D stacked DRAM architecture that utilizes through-silicon via (“TSV”) connections for more efficient communication giving it the ability to achieve a higher bandwidth while consuming less power compared to other memory types. This makes it ideal for applications that require high data throughput and energy efficiency, such as AI applications and high-performance computing.”

Annual report 2025A · The company itself

“NAND: NAND products are non-volatile, re-writeable semiconductor storage devices that provide high-capacity, low-cost storage with a variety of performance characteristics. NAND is used in SSDs for the data center, client PC, consumer, and automotive markets, and in removable storage markets.”

Annual report 2025A · The company itself

“Low-Power DRAM (“LPDDR”): Engineered for mobile devices and applications requiring low power consumption. LPDDR products generally operate at a lower voltage than standard DRAM products and are beneficial to any power conscious application.”

Annual report 2025A · The company itself

“NOR is most commonly used for reliable code storage (e.g., boot, application, operating system, and execute-in-place code in an embedded system) and for frequently changing small data storage and is ideal for automotive, industrial, and consumer applications.”

Annual report 2025A · The company itself

“Products by Business Unit and Market Cloud Memory Business Unit (“CMBU”) CMBU is focused on memory solutions for large hyperscale cloud customers, and HBM for all data center customers. In addition to HBM, CMBU sales include DDR, LPDDR, and GDDR. Data Center: CMBU sales to the data center end market are driven by server demand across the cloud market and includes our portfolio of HBM, high-capacity dual in-line memory modules (“DIMMs”), and low-power server DRAM solutions.”

Annual report 2025A · The company itself

“Cloud servers supporting AI and data-centric workloads require significantly increasing quantities of DRAM, including HBM, and NAND as the task of turning data into insight becomes increasingly memory-centric. In 2024, we began volume production of our 8-high 24GB HBM3E with increased bandwidth and superior power efficiency enabled by our advanced 1β process node.”

Annual report 2025A · The company itself

“Core Data Center Business Unit (“CDBU”) CDBU is focused on memory solutions for mid-tier cloud, enterprise, and OEM data center customers and storage solutions for all data center customers, including data center SSDs and NAND components. Data Center DRAM: CDBU sales to OEM data center customers are driven by server and storage demand to support mid-tier cloud and enterprise customers, and our sales consisted primarily of DDR5 and DDR4. Data Center SSDs and NAND: The rapid proliferation of AI, cloud computing, and big data are fueling demand for high-performance and high-capacity storage in data centers.”

Annual report 2025A · The company itself

“Mobile and Client Business Unit (“MCBU”) MCBU is focused on memory and storage solutions for the mobile and client segments. Additionally, MCBU sales include our Crucial-branded SSDs and DRAM sold to the consumer market and component DRAM and NAND sales of TLC and QLC.”

Annual report 2025A · The company itself

“Automotive and Embedded Business Unit (“AEBU”) AEBU is focused on memory and storage solutions for the automotive, industrial, and consumer segments sold into the intelligent edge, including discrete and module DRAM, discrete NAND, managed NAND, SSDs, and NOR. The intelligent edge refers to the continually growing set of connected systems and devices where data is analyzed and aggregated closest to where it is captured.”

Annual report 2025A · The company itself

“Total reported DRAM revenue was $28.58 billion in 2025, $17.60 billion in 2024, and $10.98 billion in 2023.”

Annual report 2025A · The company itself

“Total reported NAND revenue was $8.50 billion in 2025, $7.23 billion in 2024, and $4.21 billion in 2023.”

Annual report 2025A · The company itself

“Total reported CMBU revenue was $13.52 billion in 2025, $3.79 billion in 2024, and $1.87 billion in 2023.”

Annual report 2025A · The company itself

“Total reported CDBU revenue was $7.23 billion in 2025, $4.98 billion in 2024, and $2.12 billion in 2023.”

Annual report 2025A · The company itself

“Total reported MCBU revenue was $11.86 billion in 2025, $11.67 billion in 2024, and $7.39 billion in 2023.”

Annual report 2025A · The company itself

“Total reported AEBU revenue was $4.75 billion in 2025, $4.63 billion in 2024, and $4.14 billion in 2023.”

Annual report 2025A · The company itself

“Table of Contents Solid State Drives (“SSDs”): SSD storage products incorporate NAND, a controller, and firmware to offer significant performance and features over hard disk drives, including smaller form factors, faster read and write speeds, higher reliability, and lower power consumption needed to address the growing demands of data-centric workloads, ever-increasing expectations of client users, and the stringent requirements of automotive and industrial applications.”

Annual report 2025A · The company itself

“Client and Consumer SSDs: The next generation PCs contain high-performance neural processing chipsets, as well as AI capabilities, and require higher performance and higher average capacity SSDs than traditional PCs. Our client SSDs, targeted for leading personal computer OEMs, have mostly replaced hard disk drives used in notebooks, desktops, workstations, and other consumer applications, and deliver high performance, power 10 Table of Contents efficiency, security, and capacity.”

Annual report 2025A · The company itself

“Our cash flows from operations depend primarily on the volume of semiconductor memory and storage products sold, average selling prices, and manufacturing costs.”

Annual report 2025A · The company itself

“We have experienced and may continue to experience supply constraints, including shortages of semiconductors, networking equipment, power systems, cooling equipment, and other key components. Expanding manufacturing or supply capacity for certain components may require significant investments and multi-year lead times. As components are delayed or become unavailable or more expensive, whether because of supplier capacity constraint, industry shortages, legal or regulatory changes that restrict supply sources, geopolitical tensions, trade restrictions, tariffs, transportation disruptions, supplier financial distress, natural disasters, public health events, instability in regions important to our or our suppliers’ supply chains, or other reasons, we may not obtain timely replacement supplies, or may be able to obtain supplies only by entering into long-term purchase commitments, price commitments, paying prices above prevailing market rates, or other arrangements on terms that are less favorable than prevailing market terms.”

Annual report 2026A · The company itself

“U.S. import controls restrict us from integrating certain information and communication technologies into our supply chain and allow for government review of transactions involving information and communications technology from countries determined to be foreign adversaries.”

Annual report 2026A · The company itself

“There are few qualified suppliers for certain components of our servers and devices. Extended or unforeseen disruptions, or limited availability of components from these suppliers could impact our ability to operate our datacenters and manufacture devices on time to meet consumer demand.”

Annual report 2026A · The company itself

“The cost structure for AI products and services is subject to significant uncertainty, including with respect to model training and inference costs, the availability and pricing of components, and energy costs.”

Annual report 2026A · The company itself

“There are limited suppliers for certain critical device and datacenter components, and those items are in short supply. We continue to identify and evaluate opportunities to expand our datacenter locations and increase our server capacity to meet the evolving needs of our customers, particularly given the growing demand for AI products and services.”

Annual report 2026A · The company itself

“In addition to infrastructure, other products such as XBOX consoles, Surface devices, and other hardware are similarly subject to supply chain challenges and disruptions, resulting in shortages which could adversely affect our business, operations, financial condition, and results of operations.”

Annual report 2026A · The company itself

“However, some of our products contain certain components for which there are very few qualified suppliers. Extended or unforeseen disruptions, or limited availability of components from these suppliers could impact our ability to operate our datacenters and manufacture devices on time to meet consumer demand.”

Annual report 2026A · The company itself

“Competition The analog and mixed-signal semiconductor industry is highly competitive, and we expect competitive pressures to continue. Our ability to compete effectively and to expand our business will depend on our ability to continue to recruit both applications engineering and design engineering personnel, our ability to introduce new products, our ability to maintain the rate at which we introduce these new products, and our ability to meet our end customers’ energy efficiency goals.”

Annual report 2025A · The company itself

“Our industry is characterized by decreasing average selling prices over the life of a product.”

Annual report 2025A · The company itself

“Although we provide our suppliers with rolling forecasts of our production requirements, their ability to provide wafers to us is limited by their available capacity, particularly capacity in the geometries we require, at the facilities in which they manufacture wafers for us. This lack of capacity has at times constrained our product sales and revenue growth. In addition, an increased need for capacity to meet internal demands or demands of other customers could cause our suppliers to reduce capacity available to us. Our suppliers may also require us to pay amounts in excess of contracted or anticipated amounts for wafer deliveries or require us to make other concessions in order to acquire the wafer supply necessary to meet our customer requirements.”

Annual report 2025A · The company itself

“Through our research and development efforts, we have developed a collection of intellectual property and know-how that we are able to leverage across our products and markets. These include the development of high efficiency power devices, the design of precision analog circuits and systems, expertise in mixed-signal design, packaging and solution development, integration and the development of proprietary semiconductor process technologies.”

Annual report 2025A · The company itself

“Business General Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. Incorporated in 1997, our three core strengths include deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable us to deliver reliable, compact, and monolithic solutions found in storage and computing, enterprise data, automotive, industrial, communications and consumer applications.”

Annual report 2025A · The company itself

“We focus on the market for high performance analog and mixed-signal solutions. High performance products generally are differentiated by functionality and performance factors, which include integration of higher levels of functionality into a single chip or module, greater precision, better power efficiency and density, higher speed, and lower heat and noise.”

Annual report 2025A · The company itself

“Our success depends on our development and sale of products that are differentiated in the market, with gross margins that have historically been above industry averages.”

Annual report 2025A · The company itself

“Within these segments, we report net sales across three principal product lines: •MCN: Infrastructure, mobile ad-hoc network ("MANET") technology, devices (two-way radio and broadband, including both for public safety and professional and commercial radio ("PCR")), software and AI-powered capabilities.”

Annual report 2025A · The company itself

“We currently procure certain materials and components, inclusive of memory, from single-source vendors. A material disruption from a single-source vendor may have a material adverse impact on our results of operations. If certain single-source suppliers were to become capacity-constrained or insolvent, it could result in a reduction or interruption in supplies or an increase in the price of supplies and adversely impact our financial results.”

Annual report 2025A · The company itself

“In addition, certain supplies, including for some of our critical components, software and services solutions, are available only from a single source or limited sources and we may not be able to diversify sources in a timely manner. Where certain supplies are not available from our direct suppliers, we may be required to move to an alternative source or source certain items through the open market, which involves significantly increased prices that are difficult to forecast or predict.”

Annual report 2025A · The company itself

“Sedan vi etablerade Factory Management 2006 har kvaliteten ökat från 96,5 till 99,5 procent 2024, vilket är högt i branschen, och leveransprecisionen till kund har ökat från 84,0 till 94,0 procent.”

Annual report 2024A · The company itself

“100% fokus på mönsterkort Behålla vårt 100-procentiga fokus på mönsterkort utan egen tillverkning Att fokusera enbart på mönsterkort är en styrka i vår tillväxtstrategi. På så sätt kan vi hålla en hög kompetens- och servicenivå inom en nischad marknad och fortsätta leverera högt kundvärde.”

Annual report 2024A · The company itself

“I all elektronisk utrustning finns mönsterkort, vi brukar säga att det är hjärtat i elektroniken och den plattform som måste finnas för att produkten ska fungera. Även om mönsterkort kan likna varandra på utsidan kan skillnaden mellan ett vanligt mönsterkort och ett tillförlitligt sådant vara milsvid. Att tillverka ett tillförlitligt mönsterkort handlar om noggrannhet i alla detaljer, att rätt specifikationer används, och att kvalitet på material, processer och fabriker säkerställs.”

Annual report 2024A · The company itself

“NCAB är en mönsterkortsleverantör som aggregerar kunders efterfrågan och samarbetar med ett antal olika tillverkare. Vi har försäljning till 45 marknader och en bred kundbas inom många olika branscher. Framförallt verkar vi inom HMLV-segmentet (HMLV = High-mix, low-volume).”

Annual report 2024A · The company itself

“I Kina säljer vi generellt sett mycket mer tekniskt avancerade mönsterkort än i resten av koncernen.”

Annual report 2024A · The company itself

“Särskilt fokus ligger på stål (tillgänglighet och prisfluktuationer), halvledare (beroende av ett fåtal tillverkare), samt motorer och andra kritiska komponenter som är avgörande för våra produkter.”

Annual report 2024A · The company itself

“Divisionen kan nu hantera alla de många produktvarianterna med extra snabbhet och precision, en avgörande faktor för att möta kraven från bland annat kunder inom produktion av högkapacitetsbatterier och halvledare.”

Annual report 2024A · The company itself

“Third-party component costs make up a significant portion of our product costs. These costs are difficult to manage if supplies of certain components, including NAND, become limited relative to demand or component prices rise significantly.”

Annual report 2026A · The company itself

“These risks have subjected us, and could in the future subject us, to supply constraints, price increases, and minimum purchase requirements, which could harm our business, operating results, financial condition, and cash flows. For example, we experienced inflationary pressure and supply chain constraints beginning in the second half of fiscal 2026, resulting in increased costs for memory and other components, which have adversely affected our gross margin.”

Annual report 2026A · The company itself

“We rely on a limited number of suppliers for critical product components. We depend on a limited number of suppliers for drives and other components used in assembling our products, including some single-source suppliers. This reliance has subjected us, and could in the future subject us, to price rigidity, periodic supply constraints, and challenges in producing our products with the required quality and quantities.”

Annual report 2026A · The company itself

“We rely upon a number of partners to make our service available on their devices. We currently offer members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices.”

Annual report 2025A · The company itself

“Operational risk NORBIT considers its main operational risk to be the shortage of supply of consumables/electronic components. While production is an in-house capability, NORBIT relies on a significant supply of components to produce and deliver its products and solutions. A large portion of the components are bought in a global market.”

Annual report 2024A · The company itself

“However, for certain semiconductor components, the supply market is still challenging. Lead times are generally improving but remain elevated for certain components, with a corresponding low visibility.”

Annual report 2024A · The company itself

“De europeiska ekonomierna är särskilt sårbara för den senaste tidens utveckling mot att världshandeln används för politiska påtryckningar vilket påverkar både exporten och leveranskedjan för viktiga insatsvaror såsom sällsynta jordartsmetaller och halvledare. Detta gäller också den tekniska utvecklingen där Europa halkar efter USA och Kina.”

Annual report 2025A · The company itself

“In connection with our U.S. government contracts, we are required to procure certain raw materials, chemicals, components and parts from supply sources approved by the customer and/or are restricted from procuring products or services from certain sources. Because the identification and qualification of new or additional suppliers for -15- Table of Contents NORTHROP GRUMMAN CORPORATION certain products and services can take an extended period of time and can result in additional cost, supplier disruptions can have an adverse impact on our business. For example, we require access to certain microelectronics and our ability to produce and/or deliver products will be significantly impacted if the microelectronics manufacturing supply chain is cut off or significantly limited or delayed.”

Annual report 2025A · The company itself

“Our ability to develop such products depends on the talent of our workforce, continued funding for, and investment in, research and development, continued access to assured suppliers of important technologies and components, our ability to effectively compete, and our ability to provide the people, technologies, facilities, equipment and financial capacity needed to develop and deliver those products and services with maximum efficiency.”

Annual report 2025A · The company itself

“The company is a leading provider of space systems, military aircraft, missile defense, advanced weapons and long-range fires capabilities, mission systems, networking and communications, strategic deterrence systems, and breakthrough technologies, such as advanced computing, microelectronics and cyber.”

Annual report 2025A · The company itself

“Table of Contents NORTHROP GRUMMAN CORPORATION MISSION SYSTEMS Mission Systems is a leader in advanced mission solutions and multifunction systems, primarily for the U.S. defense and intelligence community, and international customers. Major products and services include radar, electro-optical/infrared (EO/IR) and acoustic sensors; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR) systems; electronic warfare systems; advanced communications and network systems; advanced microelectronics; navigation and positioning sensors; maritime power, propulsion and payload launch systems; full spectrum cyber solutions; and intelligence processing systems.”

Annual report 2025A · The company itself

“Strukturerad inköpskompetens för konkurrenskraftiga priser Då materialet ofta utgör största delen av totalkostnaden erbjuder NOTE konkurrenskraftiga priser för elektronikkomponenter och övrigt produktionsmaterial. Detta sker till alla kunder genom en strukturerad, kvalitetssäkrad process och ett väl fungerande samspel mellan NOTEs centrala inköpsfunktion och de lokala inköpsavdelningarna på respektive fabrik.”

Annual report 2024A · The company itself

“Bristsituationen på marknaden för elektronikkomponenter, särskilt tillgången på halvledare, har varit en starkt begränsande faktor i industrin de senaste åren och för att begränsa störningar och förseningar av inleveranser av komponenter ökades lagerhållningen medvetet. När bristsituationen nu i stort är över har NOTE arbetat aktivet för att även lagervärdet ska återgå till mer normala nivåer.”

Annual report 2024A · The company itself

“Pris och tillgång på material. Priset och tillgången på elektronikkomponenter och annat produktionsmaterial varierar betydligt beroende på marknadssituation.”

Annual report 2024A · The company itself

“Materialkostnader Kostnaden för elektronikkomponenter beräknas under prognos - perioden att sjunka, dels på grund av fortsatt effektivisering i tillverkningsprocessen dels genom ökade inköpsvolymer och förbättrad samordning av inköps processer.”

Annual report 2024A · The company itself

“Då en stor del av koncernens försäljningsvärde består av material, är både pris på och tillgång till material avgörande för lönsamheten. NOTEs strategiska inköpsbolag, NOTE Components AB, hanterar en stor del av materialinköpsavtalen .”

Annual report 2024A · The company itself

“NOTEs tillverkning och produkter NOTE tillverkar kretskort (PCBA), delmontage och, i allt ökande grad, kompletta produkter (box build).”

Annual report 2024A · The company itself

“NOTEs intäkter kommer främst från produktion av varor i form av kretskort (PCBA), delmontage eller kompletta produkter (box build).”

Annual report 2024A · The company itself

“Koncernens försäljning är i sin helhet hänförlig till EMS-verksamhet, det vill säga tjänster för uppdragstillverkning av elektronikprodukter.”

Annual report 2024A · The company itself

“Significant mismatches between supply and demand have varied across our market platforms, resulted in both product shortages and excess inventory, significantly harmed our financial results and could reoccur.”

Annual report 2026A · The company itself

“If we underestimate demand, and our foundry partners and contract manufacturers are unable to increase production or provide sufficient supply, we may not be able to meet increased customer demand in a timely manner, or at all. Our reputation and customer relationships could be damaged and we could lose revenue and market share.”

Annual report 2026A · The company itself

“If we overestimate demand, or if customers cancel or defer orders or choose to purchase from our competitors, we may not be able to utilize on-hand inventory or reduce purchase commitments accordingly. We have had to reduce average selling prices, including due to our channel pricing programs, increase prices for certain of our products as a result of our suppliers’ increase in prices, write down our inventory, incur cancellation penalties, and record impairments, and may have to do so in the future.”

Annual report 2026A · The company itself

“All of these factors may negatively impact our gross margins and financial results.”

Annual report 2026A · The company itself

“We expect supply constraints to be a headwind to Gaming in the first quarter of fiscal year 2027 and beyond.”

Annual report 2026A · The company itself

“We have introduced a new product and architecture cadence of our Data Center solutions where we seek to complete new computing solutions each year and provide a greater variety of Data Center offerings. The increased frequency of these transitions and the larger number of products and product configurations may magnify the challenges associated with managing our supply and demand which may further create volatility in our revenue.”

Annual report 2026A · The company itself

“For example, our gross margins in the second quarter of fiscal year 2025 were negatively impacted by inventory provisions for low-yielding Blackwell material.”

Annual report 2026A · The company itself

“We incur significant engineering development resources for new products, and changes to our product roadmap may impact our ability to develop other products or adequately manage our supply chain cost. Customers may delay purchasing existing products as we increase the frequency of new products or may not be able to adopt our new 16 Table of Contents products as fast as forecasted, both impacting the timing of our revenue and supply chain cost.”

Annual report 2026A · The company itself

“Our hardware and software product and service offerings are complex. They have in the past and may in the future contain defects, security vulnerabilities, experience failures, or unsatisfactory performance due to issues in design, fabrication, packaging, materials, bugs and/or use within a system.”

Annual report 2026A · The company itself

“We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Samsung Electronics Co., Ltd., or Samsung, to produce our semiconductor wafers.”

Annual report 2026A · The company itself

“We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.”

Annual report 2026A · The company itself

“Dependency on third-party suppliers and their technology to manufacture, assemble, test, or package our products reduces our control over product quantity and quality, manufacturing yields, and product delivery schedules and could harm our business. We depend on foundries to manufacture our semiconductor wafers using their fabrication equipment and techniques.”

Annual report 2026A · The company itself

“Certain equipment and materials needed in our manufacturing operations are only available from a limited number of suppliers. Our manufacturing operations depend on deliveries of equipment and materials in a timely manner and, in some cases, on a just-in-time basis. From time to time, suppliers may extend lead times, limit the amounts supplied to us or increase prices due to capacity constraints or other factors. Supply disruptions may also occur due to shortages in critical materials, such as silicon wafers or specialized chemicals.”

Annual report 2025A · The company itself

“For example, as part of the industry-wide shortage of semiconductors during 2022 we could not obtain sufficient silicon wafers from our foundry partners to meet the demand for our products, causing us not to fully supply the demand for our products, and negatively affecting our results of operations.”

Annual report 2025A · The company itself

“We primarily focus our internal and joint venture wafer manufacturing operations on running proprietary specialty process technologies that enable us to differentiate our products on key performance features, and we generally outsource wafer manufacturing in process technologies that are available at third-party wafer foundries when it is economical to do so. Our front-end manufacturing facilities use a broad range of production processes and proprietary design methods, including complementary metal oxide semiconductor (CMOS), bipolar, bipolar CMOS (BiCMOS) and double-diffused metal on silicon oxide semiconductor (DMOS) technologies.”

Annual report 2025A · The company itself

“Business Company Overview NXP Semiconductors N.V. is a global semiconductor company and a long-standing supplier in the industry, with over 70 years of innovation and operating history. For the year ended December 31, 2025, we generated revenue of $12,269 million, compared to $12,614 million for the year ended December 31, 2024. We provide leading solutions that leverage our combined portfolio of intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of embedded processing, mixed-signal analog-digital (mixed A/D), power management, digital signal processing, cryptography-security, high-speed interface, radio frequency (RF), and embedded system design.”

Annual report 2025A · The company itself

“vii.Security Controllers NXP is the market leader in security controller ICs. Our security controller ICs are embedded in smart cards (ePassports, electronic ID credentials, payment cards and transportation cards), as well as in consumer electronic and smart devices, for example in smartphones, tablets and wearables.”

Annual report 2025A · The company itself

“We depend on suppliers to develop, manufacture and deliver on a timely basis the necessary technologies and components for our hardware products that we market and sell to our customers and that we use as a part of our cloud infrastructure to deliver our cloud offerings, and there are some technologies and components that can only be purchased from a single vendor due to price, quality, technology, availability or other business constraints. Our supply chain operations are affected by industry consolidation and component constraints or shortages, natural disasters, political unrest (such as conflicts in the Middle East and the tensions between China and Taiwan), public health crises, changes to trade laws or regulations, tariffs and customs controls, port stoppages, shipping interruptions or other transportation disruptions or slowdowns, and other factors affecting the countries or regions where these single source component vendors are located or where the products are being shipped.”

Annual report 2026A · The company itself

“For example, industry supply capacity for AI accelerators, including graphics processing units, as well as memory devices, is competitive, and we at times have to accept less favorable terms with suppliers to minimize supply constraints. While this permits us to secure cloud infrastructure capacity, it has increased excess and obsolescence risk of such hardware products and could adversely impact our profitability and cash flows.”

Annual report 2026A · The company itself

“Table of Contents Oracle hardware products include Oracle Engineered Systems, servers, storage and industry-specific products, among others. Customers generally opt to purchase hardware support contracts when they purchase Oracle hardware products.”

Annual report 2026A · The company itself

“Our hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments.”

Annual report 2026A · The company itself

“Our manufacturing and supply contracts, generally, do not guarantee a certain level of supply or fixed pricing, which increases our exposure to supply shortages or price increases.”

Annual report 2026A · The company itself

“Our hardware products rely on key components, including integrated circuit components, purchased from a limited number of suppliers, including sole source providers. The manufacturing operations of some suppliers are geographically concentrated in Asia, making our supply chain vulnerable to regional disruptions and international regulations, including tariffs, sanctions, and export controls.”

Annual report 2026A · The company itself

“For example, there is currently a global shortage of memory-related components, and certain of our hardware appliances require higher memory content, which has led to and may continue to lead to increased production costs.”

Annual report 2026A · The company itself

“We rely on a limited number of suppliers for certain critical components, such as specialty electronics, rare earths, specialty chemicals, aerospace super alloys and filtration media, and recent and planned acquisitions may increase our exposure to supply concentration risk.”

Annual report 2026A · The company itself

“Som en av ytterst få leverantörer av algoritmer för just tillväxtvertikalen ultrasonic, finns förutsättningar för fortsatt ökade royaltyintäkter inom mobilområdet.”

Annual report 2024A · The company itself

“Vi ser en ökande efterfrågan på ultrasonic-biometriska sensorer, och teknikens potential är obestridlig. Vi ser även sjunkande priser på ultrasonic-sensorer, vilket ytterligare kommer att accelerera expansionen.”

Annual report 2024A · The company itself

“Q: Hur stor är marknaden idag och hur stor kommer den att vara om fem år? A: Prognoser visar att den globala marknaden för ultrasonic-sensorer idag är värderad till 1,2 miljarder USD och förväntas växa till över 3 miljarder USD år 2030, drivet av en ökad användning i både premium- och mellanklassegmentet.”

Annual report 2024A · The company itself

“En av anledningarna till att efterfrågan varit så stark för Precise jämfört med branschkollegor är vårt världsledande erbjudande för ultrasonic-sensorer, som finns i många av dagens mer avancerade mobiltelefoner.”

Annual report 2024A · The company itself

“ Precise tecknade ett kommersiellt licensavtal med LaserSemicon CO.,LT (tidigare CanvasBio), en koreansk tillverkare av fingeravtryckssensorer. Det undertecknade licensavtalet ger rätt till kommersiell användning av Precise BioMatch-algoritm som en del av LaserSemicons fingeravtryckssensorer och det första projektet kommer att vara för laptops.  Den 22:a mars lanserade Precise en ny produkt och biometrisk modalitet – handigenkänning – som kommer att komplettera de nuvarande modaliteterna fingeravtryck och ansiktsigenkänning.  Precise tecknade ett avtal avseende ett dedikerat försäljningsteam i Amsterdam för bearbetning av den holländska marknaden, i syfte att vinna marknadsandelar för bolagets besökssystem YOUNiQ Visit.  Bolaget utökade sitt samarbete med Flowscape Technology och tecknade ett nytt avtal för global försäljning av besökshanteringssystemet YOUNiQ Visit.  Precise lanserade förbättrade AI-baserade säkerhetsfunktioner för att upptäcka och förhindra manipulation och bedrägeriförsök inom biometriska system.”

Annual report 2024A · The company itself

“Inom affärsområdet Biometric Technologies licensierar bolaget bland annat ut ledande algoritmprodukter för fingeroch handavtryck till sensortillverkare runt om i världen, vilka i sin tur marknadsför och säljer hand- och fingeravtrycksmoduler med Precise mjukvarualgoritmer till tillverkare av exempelvis mobiltelefoner och fordon.”

Annual report 2024A · The company itself

“Precise kunder inkluderar många av de främsta sensortillverkarna globalt och exempel på applikationsområden är användaridentifiering i mobiltelefoner, fordon, smarta dörrlås och laptops.”

Annual report 2024A · The company itself

“Kunderna sträcker sig från stora teknikgiganter, till exempel Infineon, Qualcomm och Egis Technology, som använder våra algoritmer, till ett stort antal medelstora och stora företag som använder sig av våra lösningar för access- och besökshantering.”

Annual report 2024A · The company itself

“Further, advancements in semiconductor technology lead to increased layering in chips, which in turn requires a greater volume of manufacturing materials, more complex material formulations and, consequently, higher price points.”

Annual report 2025A · The company itself

“Our revenue is heavily dependent on demand from the global semiconductor ecosystem.”

Annual report 2025A · The company itself

“Many of our key personnel have significant experience in the semiconductor industry and deep technical expertise.”

Annual report 2025A · The company itself

“There is inherent risk, based on the complex relationships among China, Japan, South Korea, Taiwan and the U.S., that political, diplomatic and national security influences could lead to trade disputes, impacts and/or disruptions, in particular those affecting the semiconductor industry.”

Annual report 2025A · The company itself

“BUSINESS Our Company Qnity is one of the largest global leaders in materials and solutions for the semiconductor and electronics industries.”

Annual report 2025A · The company itself

“We have aligned our businesses, and report our financial results, across two operating segments: •Semiconductor Technologies: Our Semiconductor Technologies segment provides a portfolio of innovative materials and solutions utilized across multiple stages of the semiconductor manufacturing process. These advanced materials are qualified into customers’ roadmaps, designed to improve chip performance, enhance yield and enable leading-edge node technology. •Interconnect Solutions: Our Interconnect Solutions segment offers what we believe to be a comprehensive range of best-in-class material solutions that address the evolving complexities of signal integrity, thermal and power management and advanced packaging.”

Annual report 2025A · The company itself

“These advanced materials are qualified into customers’ roadmaps, designed to improve chip performance, enhance yield and enable leading-edge node technology. •Interconnect Solutions: Our Interconnect Solutions segment offers what we believe to be a comprehensive range of best-in-class material solutions that address the evolving complexities of signal integrity, thermal and power management and advanced packaging. These solutions are integral for advanced electronics hardware, including complex printed circuit boards and advanced semiconductor packaging.”

Annual report 2025A · The company itself

“Table of Contents Semiconductor Technologies Segment Semiconductor Technologies lines of business and applications are as follows: Line of Business Applications Advanced Cleans and CMP Slurries We are a leading provider of CMP slurries and specialty cleaning chemistries for liquid and dry film photoresist removal, post-CMP cleaning, selective etching and post-etch residue cleaning. Our advanced formulations enable effective CMP polishing, wafer cleaning, surface preparation, cleaning and selective etching.”

Annual report 2025A · The company itself

“Our specialized formulations help customers achieve higher productivity and improved yields on designs with finer line width and spacing.”

Annual report 2025A · The company itself

“CMP Pads CMP polishing pads are critical consumables used in the CMP process as part of semiconductor manufacturing. Product families are designed to address the most challenging planarization requirements across various applications and technology nodes.”

Annual report 2025A · The company itself

“Key brands include IC1000™, Ikonic™, Visionpad™, Optivision™, Politex™, Suba™ and Emblem™ Lithographic Materials Lithographic materials, such as photoresists and anti-reflective coating materials, help create precise patterns for modern semiconductor devices. These materials provide high resolution and reliability, supporting innovations in computing, artificial intelligence and next-generation automotive technology.”

Annual report 2025A · The company itself

“Kalrez® Specialized Sealants Kalrez® perfluoroelastomer parts are engineered for critical sealing applications in industries such as semiconductor manufacturing, aerospace, chemical processing and energy. These elastomers are designed to perform under the most demanding conditions, making them ideal for use in environments where high heat and chemical exposure are prevalent.”

Annual report 2025A · The company itself

“Table of Contents Interconnect Solutions Segment Interconnect Solutions lines of business and applications are as follows: Line of Business Applications Advanced Circuit & Packaging (“ACP”) ACP offers comprehensive solutions for advanced packaging, IC substrates, PCBs, components and displays. We specialize in metallization solutions that include electroless and electrolytic plating chemistries, and final finishing; semiconductor packaging that includes metallization, photoresist and dielectrics as well as optical materials, conductive adhesive, and silver nanowire technologies.”

Annual report 2025A · The company itself

“Advanced packaging technologies, including wafer-level packaging ("WLP"), chip-scale packaging ("CSP") and system-in-package ("SiP"), rely on cutting-edge and specialty materials to enable scalability to the next generation of computing. Critical materials such as fine line circuit metallization chemistry, dielectrics and photoresists are essential in enabling increasingly high-density, high-speed and high-power advanced semiconductors.”

Annual report 2025A · The company itself

“Our diverse customer base includes semiconductor device manufacturers and foundries, equipment providers, circuit board manufacturers and other intermediaries within the electronics value chain.”

Annual report 2025A · The company itself

“We are proud to count nearly all of the world’s top 20 largest semiconductor manufacturers among our customers.”

Annual report 2025A · The company itself

“In addition, periodic supply/capacity constraints within the semiconductor industry may further incentivize our customers to vertically integrate in an effort to secure additional control over their supply chains.”

Annual report 2025A · The company itself

“Our ability, and that of our suppliers, to develop or maintain leading process technologies, including transitions to smaller 20 geometry process technologies (which adds risk to manufacturing yields and reliability), and to effectively compete with the manufacturing processes and performance of our competitors, could impact our ability to introduce new products and meet customer demand, could increase our costs (possibly decreasing our margins) and could subject us to the risk of excess inventories.”

Annual report 2025A · The company itself

“From time to time, the global semiconductor industry experiences demand for integrated circuits that exceeds the industry’s capacity to meet that demand, whether globally, at certain suppliers or on certain process technology nodes. Our ability to meet increased demand for our products has been in the past and may in the future be limited due to the inability to obtain the additional manufacturing, assembly and test capacity necessary to fully meet such demand.”

Annual report 2025A · The company itself

“As we move to smaller geometry process technologies, the manufacturing lead-time increases. As a result, the orders we place with our suppliers are generally only partially covered by commitments from our customers.”

Annual report 2025A · The company itself

“Our manufacturing processes are highly complex, require advanced and costly equipment and must be continuously modified to improve yields and performance. Difficulties in the production process can reduce yields or interrupt production, and as a result, we may not be able to deliver our products or do so in a timely, cost-effective or competitive manner.”

Annual report 2025A · The company itself

“RISKS RELATED TO SUPPLY AND MANUFACTURING •We depend on a limited number of third-party suppliers for the procurement, manufacture, assembly and testing of our products manufactured in a fabless production model. If we fail to execute supply strategies that provide supply assurance, technology leadership and reasonable margins, our business and results of operations may be harmed.”

Annual report 2025A · The company itself

“There are a limited number of such third-party suppliers, and even fewer who are capable of manufacturing at the leading process technology nodes, or who are willing to operate at older process technology nodes necessary for certain of our products.”

Annual report 2025A · The company itself

“We rely on sole- or limited-source suppliers for certain products, which may exacerbate the risks identified above, and subject us to other significant risks, including poor product performance and reduced control over delivery schedules, manufacturing capability and yields, quality assurance, quantity and costs.”

Annual report 2025A · The company itself

“Although we have long-term contracts with our suppliers, some of these contracts do not provide for long-term capacity commitments. To the extent we do not have firm commitments from our suppliers over a specific time period or for any specific quantity, our suppliers may allocate, and in the past have allocated, capacity to the manufacture, assembly and testing of products for their other customers (including our competitors) while reducing or limiting capacity to manufacture, assemble or test our products, and such capacity may be limited based on our suppliers’ ability and willingness to invest in the capital required to manufacture in the leading process technologies.”

Annual report 2025A · The company itself

“Additionally, our suppliers have in the past and may in the future increase their prices during periods of capacity constraints, or for other reasons, thus increasing our costs. We expect leading process technology nodes to continue to drive product cost increases from certain of our key semiconductor wafer suppliers, which may negatively impact our margins.”

Annual report 2025A · The company itself

“From time to time, suppliers may extend lead times, limit amounts supplied to us or increase prices due to capacity constraints or other factors.”

Annual report 2025A · The company itself

“Research and Development We compete in industries that are characterized by rapid technological change, evolving industry standards and frequent new product introductions, requiring a continuous effort to enhance existing products and technologies and to develop new products and technologies. We have significant engineering resources, including engineers with substantial expertise in modem, radio-frequency integrated circuit, RFFE, multimedia (camera, video, display and computer vision), sensor perception and drive policy, advanced SoC (which includes specialized engines such as CPU, GPU and NPU to enable high-performance and low-power computing and other optimization techniques), AI, packaging and a broad range of other technologies.”

Annual report 2025A · The company itself

“Overview We are a global technology leader, helping to bring intelligent computing everywhere through the development and commercialization of foundational technologies, including on-device artificial intelligence (AI), high-performance and low-power computing and advanced wireless connectivity. Our platforms help power intelligent devices that people and businesses rely on every day across industries and applications from handsets to other areas, including automotive and the internet of things (IoT).”

Annual report 2025A · The company itself

“QCT Segment. QCT is a leading developer and supplier of integrated circuit products and system software with advanced connectivity and high-performance, low-power computing technologies, for use in mobile devices; automotive systems for connectivity, digital cockpit and ADAS/AD; and IoT products, including consumer electronic devices, industrial devices and edge networking products.”

Annual report 2025A · The company itself

“The Snapdragon and Dragonwing families of highly integrated, system-based solutions include the Snapdragon mobile (powering Android devices), compute, sound and automotive platforms, and Dragonwing industrial and edge networking IoT solutions.”

Annual report 2025A · The company itself

“We make investments to provide our integrated circuit customers with chipsets designed on leading-edge technology nodes that combine multiple technologies for use in mobile devices; automotive systems for connectivity, digital cockpit and ADAS/AD; and IoT including consumer products, industrial devices and edge networking products.”

Annual report 2025A · The company itself

“Apple purchases our MDM (or thin modem) products, which do not include our integrated application processor technology, and which have lower revenue and margin contributions than our combined modem and application processor products. Consequently, to the extent Apple devices using our MDM products take share from our customers who purchase our integrated modem and application processor products, our revenues and margins may be negatively impacted.”

Annual report 2025A · The company itself

“We operate various facilities that manufacture certain of our RFFE modules and RF filter products. Our manufacturing facilities are characterized by a higher portion of fixed costs relative to a fabless model.”

Annual report 2025A · The company itself

“Resmed's supply chain may be impacted by periodic transport disruptions and supply constraints on certain raw materials and electronic components, including semiconductor chips and magnets. Such disruptions or constraints impact our ability to manufacture products in quantities and in the time necessary to satisfy global customer demand, which could negatively impact our results of operations.”

Annual report 2026A · The company itself

“Macroeconomic conditions may impact our global supply chain, primarily through constraints on or increased cost of acquiring raw materials and electronic components. These constraints on raw materials and electronic components may also impact companies outside of our direct industry, which could result in a competitive supply environment causing higher costs, requiring us to commit to minimum purchase obligations as well as make upfront payments to our suppliers.”

Annual report 2026A · The company itself

“We purchase configured components for our devices from various suppliers, including some who are single-source suppliers for us. Disruptions in the price or supply of configured components may limit our ability to manufacture our devices in a timely or cost-effective manner, which could result in a significant reduction in sales and profitability.”

Annual report 2026A · The company itself

“component availability and fluctuations in sub-contractor supplies”

Annual report 2025A · The company itself

“Risk description Component lead times and availability of components (i.e. component suppliers not fulfilling the full demand) may impact revenue, gross profits and gross margins – especially via postponements (and only to a lesser degree cancellations). The issue has historically been pertinent for certain electronics components from time to time.”

Annual report 2025A · The company itself

“Availability of many electronic components normalized during 2024/25, and RTX saw a significant reduction in component inventory toward the end of the year.”

Annual report 2025A · The company itself

“Capital Structure and Allocation 52 The RTX Share 54 Board of Directors 56 Executive Management 58 Financial StatementsManagement Review Contents  2024/252023/242022/232021/22 RTX at a Glance Helping people perform at their best Focusing on making sure all the component systems integrate seamlessly and reliably, we design, develop and manufacture wireless IP telephony products and sub-systems.”

Annual report 2025A · The company itself

“We design, develop, and manufacture wireless IP telephony products and subsystems including headsets, handsets, base stations, repeaters, and location beacons, supported by cloud-based deployment and device management tools for seamless integration and reliability.”

Annual report 2025A · The company itself

“We achieve this by refining and productizing our technology into flexible platforms like Sheerlink ® and TeamEngage ® , supported by RTX modules. This modular approach enables us to develop standardized, multipurpose modules, giving a wide range of customers a short time to market and cost-effective entry, while providing RTX with scalability and revenue through framework agreements.”

Annual report 2025A · The company itself

“In recent years, we have experienced supply chain disruptions that have impacted our ability to procure raw materials, including certain rare earth elements, microelectronics, and certain commodities, resulting in delays and increased costs.”

Annual report unknown yearA · The company itself

“In particular, we expect to experience prolonged delays for certain critical component parts and sub-systems.”

Annual report unknown yearA · The company itself

“In addition, in July 2023 Pratt & Whitney determined that a rare condition in powder metal used to manufacture certain engine parts requires accelerated inspection of the PW1100G-JM (PW1100) GTF fleet, which powers the A320neo family of aircraft. This issue has resulted in increased engine removals and inspections, shop visits, aircraft on ground levels, and costs to the Company.”

Annual report unknown yearA · The company itself

“Collins designs, manufactures, and supplies electric power generation, management and distribution systems, environmental control systems, flight control systems, air data and aircraft sensing systems, engine control systems, engine components, engine nacelle systems, including thrust reversers and mounting pylons, interior and exterior aircraft lighting, aircraft cargo systems, evacuation systems, landing systems (including landing gear, wheels, and braking systems), communication, navigation, surveillance systems, fire and ice detection and protection systems, integrated avionics, and propeller systems.”

Annual report unknown yearA · The company itself

“All of our flash-based memory is obtained from our joint ventures with Kioxia, which provide us with leading-edge, high-quality flash memory wafers.”

Annual report 2026A · The company itself

“(“Sandisk Technologies”), SanDisk LLC, SanDisk Ireland and SanDisk Cayman, under which Sandisk Technologies will make certain payments directly to Kioxia totaling $1.2 billion over the years 2026 through 2029 in consideration of Kioxia’s manufacturing services and the continued availability of supply, from execution through December 31, 2034.”

Annual report 2026A · The company itself

“All of our flash memory wafers are currently obtained from Flash Ventures.”

Annual report 2026A · The company itself

“For example, many of our enterprise-grade SSD products incorporate DRAM, which is a commodity component that has experienced supply constraints and may remain in short supply for extended periods.”

Annual report 2026A · The company itself

“The terms of our agreements with Kioxia with respect to Flash Ventures require that substantially all of our flash-based memory be obtained from Flash Ventures, which limits our ability to respond to market demand and supply changes and makes our financial results particularly susceptible to variations from our forecasts and expectations. For example, we are contractually obligated to pay for 50% of the fixed costs of Flash Ventures regardless of whether we order any flash-based memory, and our orders placed with Flash Ventures on a rolling basis are binding.”

Annual report 2026A · The company itself

“All of our flash-based memory wafers are manufactured by the Flash Ventures in purpose-built wafer fabrication facilities that the Flash Ventures lease, located in Yokkaichi and Kitakami, Japan.”

Annual report 2026A · The company itself

“We and Kioxia currently operate three business ventures, Flash Partners Ltd., Flash Alliance Ltd. and Flash Forward Ltd., (collectively, “Flash Ventures”) across eight flash-based manufacturing facilities in Japan, six of which are located in Yokkaichi, Japan and two of which are located in Kitakami, Japan. Through Flash Ventures, we and Kioxia collaborate in the development and manufacture of flash-based memory wafers using semiconductor manufacturing equipment owned or leased by each of the Flash Ventures entities.”

Annual report 2026A · The company itself

“Some of our competitors offer products that we do not offer (including DRAM), which may allow them to win sales from us or to more efficiently maintain product availability, pricing, and margins on products that incorporate DRAM, such as enterprise-grade SSDs.”

Annual report 2026A · The company itself

“Our solutions include a broad range of solid-state drives (“SSDs”), embedded products, removable cards, universal serial bus drives and wafers and components.”

Annual report 2026A · The company itself

“Industry We operate in the semiconductor memory chip and data storage industries. The ability to access, store and share data from anywhere on any device is increasingly important to our customers and end users.”

Annual report 2026A · The company itself

“Segment Reporting The Company develops, manufactures, markets, and sells data storage devices and solutions based on NAND flash technology in the U.S. and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries.”

Annual report 2026A · The company itself

“Table of Contents We also experience competition from other companies that produce alternative storage technologies such as flash memory. Increasing capacity, decreasing cost, energy efficiency and performance improvements have expanded SSD adoption in Edge IoT and Data Center.”

Annual report 2026A · The company itself

“The cost, quality and availability of components, subassemblies, certain equipment and raw materials used to manufacture our products are critical to our success. Particularly important for our products are components such as read/write heads, substrates for recording media, ASICs, spindle motors, printed circuit boards, suspension assemblies, DRAM and NAND flash memory.”

Annual report 2026A · The company itself

“We rely on sole or a limited number of direct and indirect suppliers for some or all of these components and rare earth elements that we do not manufacture, including substrates for recording media, read/write heads, ASICs, preamplifiers, spindle motors, printed circuit boards, suspension assemblies, DRAM and NAND flash memory.”

Annual report 2026A · The company itself

“Table of Contents We have experienced and could in the future experience increased costs and production delays that made us unable to obtain the necessary equipment or sufficient quantities of some components. We have also been, and could in the future be, forced to pay higher prices, make volume purchase commitments or advance deposits for some components, equipment or raw materials that were in short supply in the industry.”

Annual report 2026A · The company itself

“We cannot assure you that we will be able to obtain critical components in a timely and economic manner. In addition, from time to time, some of our suppliers’ manufacturing facilities may be fully utilized.”

Annual report 2026A · The company itself

“Risks Associated with Our Industry •The semiconductor industry is highly cyclical and subject to significant downturns. •The wireless communications, analog and mixed-signal semiconductor markets are characterized by significant competition. •Remaining competitive in the semiconductor industry depends upon our ability to constantly innovate. •Increasingly stringent environmental laws, rules, regulations, and customer expectations may require us to redesign our existing products and processes, which could adversely affect our ability to cost-effectively produce our products.”

Annual report 2025A · The company itself

“We also anticipate that the Mergers will result in increased competition. Qorvo operates in highly competitive segments and is facing increasing competition for its products and services. These competitive pressures may result in decreased sales volumes, price reductions and/or increased operating costs, and could result in lower revenues, margins and net income for the combined company.”

Annual report 2025A · The company itself

“We may not be able to develop and introduce new or enhanced wireless communications, analog and mixed- 26 Table of Contents signal semiconductor products in a timely and cost-effective manner, and our products may not satisfy customer requirements or achieve market acceptance, or we may not be able to anticipate new industry standards and technological changes. We also may not be able to respond successfully to new product announcements and introductions by competitors or to changes in the design or specifications of complementary products of third parties with which our products interface. If we fail to rapidly and cost-effectively introduce new and enhanced products in sufficient quantities that meet our customers’ requirements, our business, results of operations, and financial condition could be materially and adversely affected.”

Annual report 2025A · The company itself

“In addition, prices of many of our products decline, sometimes significantly, over time. Our products may become obsolete earlier than planned or may not have life cycles long enough to allow us to recoup the cost of our investment in designing such products.”

Annual report 2025A · The company itself

“We have experienced some difficulties migrating to smaller geometry process technologies or new manufacturing processes, which resulted in sub-optimal manufacturing yields, delays in product deliveries, and increased expenses. We may face similar difficulties, delays, and expenses as we continue to transition our products to smaller geometry processes in the future.”

Annual report 2025A · The company itself

“From time to time, we have engaged in and it may be necessary to continue to engage in litigation, administrative actions or like activities to enforce our intellectual property rights, to protect our trade secrets, or to determine the validity, enforceability, and scope of proprietary rights of others, including our customers. This has required and will continue requiring us to expend significant resources and could divert the efforts and attention of our management and technical personnel from our business operations.”

Annual report 2025A · The company itself

“A third party could potentially copy, misappropriate, or otherwise obtain and use our technology without authorization, develop similar technology independently, or design around or invalidate our patents. If any of our intellectual property protection mechanisms fails to protect our technology, it would make it easier for our competitors to offer similar competitive products, potentially resulting in loss of market share and price erosion.”

Annual report 2025A · The company itself

“Even if we receive a patent, the patent claims may not be broad enough to adequately cover and protect our technology or could be rendered invalid or unenforceable. Furthermore, even if we receive patent protection in the United States, we may not seek, or may not be granted, patent protection in other relevant foreign countries. In addition, effective patent, copyright, trademark, and trade secret protection and enforcement may be unavailable, impractical, or limited for certain technologies and in certain foreign countries.”

Annual report 2025A · The company itself

“Our operating results or financial condition may be materially adversely affected if we, or one of our customers, were required to take any one or more of the foregoing actions. In addition, if another supplier to one of our customers, or a customer of ours itself, were found to be infringing upon the intellectual property rights of a third party, the supplier or customer could be ordered to cease the manufacture, import, use, sale, or offer for sale of its infringing product(s) or process(es), either of which could result, indirectly, in a decrease in demand from our customers for our products. If such a decrease in demand for our products were to occur, it could have an adverse impact on our operating results.”

Annual report 2025A · The company itself

“We are dependent upon third parties for the manufacture, assembly, and testing of our products. We rely on foundries to provide silicon-based products and to supplement our gallium arsenide wafer manufacturing capacity. There are significant risks associated with reliance on third-party foundries, including: •the lack of wafer supply, potential wafer shortages, and higher wafer prices, •required minimum purchase commitments, •limited ability to respond to unanticipated changes in customer demand, •limited control over delivery schedules, manufacturing yields, production costs, process technologies, and quality assurance, and •the inaccessibility of, or delays in obtaining access to, key process technologies, materials, and IP blocks.”

Annual report 2025A · The company itself

“We are dependent upon third parties for the supply of raw materials and components. Our manufacturing operations depend on obtaining adequate supplies of raw materials and components used in our manufacturing processes at a competitive cost. Although we maintain relationships with suppliers located around the world with the objective of ensuring that we have adequate sources for the supply of raw materials and components for our manufacturing needs, increases in demand from the semiconductor industry for such raw materials and components (including, but not limited to, gallium, germanium, and other critical minerals and rare earth metals), as well as increased demand for commodities in general, can result in tighter supplies and higher costs.”

Annual report 2025A · The company itself

“We sell products in markets that are characterized by rapid technological changes, evolving industry standards, frequent new product introductions, short product life cycles, and increasing levels of integration. Many of our products currently use or incorporate technology licensed or acquired from third parties, and we expect our products in the future to also require technology from third parties. Our ability to keep pace with this market depends on our ability to obtain technology from third parties on commercially reasonable terms to allow our products to remain competitive.”

Annual report 2025A · The company itself

“Our operating results depend largely on our ability to continue to cost-effectively introduce new and enhanced products on a timely basis, both within our traditional markets and in new, expanded, or adjacent markets.”

Annual report 2025A · The company itself

“The successful development and commercialization of semiconductor devices and modules is highly complex and depends on numerous factors, including the ability: •to anticipate customer and market requirements and changes in technology and industry standards, •to obtain sufficient manufacturing capacity within an international supply chain to meet customer demand, •to define new products that meet customer and market requirements, •to complete development of new products and bring products to market on a timely basis, •to differentiate our products from offerings of our competitors, •to achieve overall market acceptance of our products, •to lengthen the time that a particular product is in demand, •to source and maintain manufacturing materials, •to identify and maintain suppliers with the necessary technology and scale to support the increasing complexity of our manufacturing requirements, and •to obtain adequate multi-jurisdictional intellectual property protection for our new products.”

Annual report 2025A · The company itself

“In order to remain competitive, we expect to continue to transition many of our products to increasingly smaller geometries and form factors. This transition often requires us to upgrade our capital equipment, modify the manufacturing processes for our products, design new products to more stringent standards, and redesign some existing products.”

Annual report 2025A · The company itself

“As smaller geometry processes become more prevalent, we expect to continue to integrate greater levels of functionality, as well as customer and third-party intellectual property, into our products. However, we may not be able to achieve higher levels of design integration or deliver new integrated products on a timely basis, or at all.”

Annual report 2025A · The company itself

“In order to remain competitive, we must be able to successfully protect our intellectual property rights. We rely on patent, copyright, trademark, trade secret, and other intellectual property rights and laws, as well as nondisclosure and confidentiality agreements and other methods, to protect our confidential and proprietary technologies, inventions, information, data, devices, algorithms, processes, and other intellectual property.”

Annual report 2025A · The company itself

“Risks Associated with the Development, Manufacturing, and Sale of Our Products •Our operating results may be adversely affected by quarterly and annual fluctuations. •We rely on a small number of customers for a large portion of our sales. •We rely on Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”) to design our products into their end products. •Our manufacturing processes are extremely complex, specialized, and subject to disruption. •We may not be able to maintain and improve manufacturing yields. •We are dependent upon third parties for the manufacture, assembly, and testing of our products. •We are dependent upon third parties for the supply of raw materials and components. •We may not be able to effectively operate our business if we are unable to attract and retain qualified personnel.”

Annual report 2025A · The company itself

“The semiconductor industry generally and, in particular, many of the markets into which we sell our products, are highly cyclical and characterized by constant and rapid technological change, continuous product evolution, price erosion, evolving technical standards, short product life cycles (including annual product refreshes in some cases), increasing demand for higher levels of integration, increased miniaturization, reduced power consumption, and wide fluctuations in product supply and demand.”

Annual report 2025A · The company itself

“Samlet set var markedsmiljøet fortsat præget af især AI/teknologi – men også finans, medico og forsvar/industrirelaterede aktier bidrog til de stærke afkast i flere markeder.”

Annual report 2025A · The company itself

“Øvrige investeringer -49,4 100,5 27,1% Investeringer, brutto 73,9 439,1 118,3% Investments 13.293.478 aktier, svarende til 9,29% ejerskab. Transaktionen implicerede en EUR 100m post-money værdiansættelse og en aktiekurs på ca. EUR 0,69 pr. aktie.”

Annual report 2025A · The company itself

“During fiscal year 2026, the computer server industry experienced supply constraints for certain components, including memory and storage, as well as GPU and CPU availability, which affected the timing of certain of our product deliveries, as well as the pricing of these items.”

Annual report 2026A · The company itself

“We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.”

Annual report 2026A · The company itself

“Table of Contents Such restrictions could include additional unilateral or multilateral import and export controls on certain products or technology, including but not limited to AI technologies and high-performance computing. As geopolitical tensions have increased, products containing semiconductors associated with AI, including GPUs and associated products, are increasingly the focus of export control restrictions proposed by stakeholders in the U.S. and its allies. The United States has imposed unilateral controls restricting GPUs and associated products, and it is likely that additional unilateral or multilateral controls will be adopted. Such controls have been and may again be very broad in scope and application, prohibit us from exporting our products to any or all customers in one or more markets, including but not limited to China, and could tangentially negatively impact our warehousing locations and options, or could impose other conditions that limit our ability to serve demand abroad and could negatively and materially impact our business, revenue and financial results.”

Annual report 2026A · The company itself

“Import and export controls targeting products containing GPUs and semiconductors associated with AI, which have been imposed and are increasingly likely to be further tightened, would further restrict our ability to export our technology, products, or services given that competitors may not be subject to similar restrictions, creating a competitive disadvantage for us and negatively impacting our business and financial results.”

Annual report 2026A · The company itself

“We work closely with the leading microprocessor, GPU, memory, disk/flash, and interconnect vendors and other hardware and software suppliers to coordinate our new products’ design with their product release schedules.”

Annual report 2026A · The company itself

“Prices of certain materials and core components utilized in the manufacture of our server and storage solutions, such as GPUs, server boards, chassis, CPUs, memory, hard drives and SSDs, represent a significant portion of our cost of sales. GPUs have represented an increasing portion of our cost of sales.”

Annual report 2026A · The company itself

“Our key product lines include: •An extensive portfolio of liquid and air cooled AI Servers for Training and Inferencing with integrated GPUs or PCIe based architectures; •SuperBlade®, MicroBlade®, FlexTwin™, GrandTwin®, and BigTwin® blade and multi-node system families that are designed for density, performance, and efficiency that share common computing resources, thereby saving space and power over standard rackmount servers and offering superior serviceability and manageability; •SuperStorage systems that provide high-density storage while leveraging an efficient use of power to achieve performance-per-watt savings.”

Annual report 2026A · The company itself

“In particular, during the fiscal year ended June 30, 2026 (“fiscal year 2026”): •We delivered a comprehensive portfolio of AI-focused solutions specifically designed to support the latest AI workloads, including products compatible with NVIDIA's Blackwell and Blackwell Ultra generation platforms, such as the NVIDIA GB300 NVL72, GB200 NVL72, and HGX B300 and B200 systems, in air-cooled and liquid-cooled configurations; •We continued to scale our DCBBS, which simplify the deployment of liquid-cooled AI factories by integrating all critical infrastructure components—servers, storage, networking, racks, liquid cooling infrastructure, power distribution, software, services, and support.”

Annual report 2026A · The company itself

“We market and sell our systems and subsystems and accessories both inside and outside the United States.”

Annual report 2026A · The company itself

“Under 2024 hade Bolaget cirka 17 000 aktiva direktleverantörer, varav cirka 200 är leverantörer av material och komponenter som används i Ericssons hårdvara.”

Annual report 2024A · The company itself

“Tillverkning av halvledare kräver vanligtvis mycket hög vattenkvalitet, vilket i sin tur leder till hög vattenförbrukning. Tillverkningen kan också orsaka att avloppsvatten kan innehålla föroreningar om det inte behandlas på rätt sätt.”

Annual report 2024A · The company itself

“Per- och polyfluorerade alkylsubstanser (PFAS) är en grupp kemikalier som används för att framställa ytbeläggningar av fluorpolymerer och produkter som kan stå emot värme, olja, stänk, fett och vatten, och som finns i en rad olika produkter, till exempel elektrisk utrustning och elektronik.”

Annual report 2024A · The company itself

“Portföljen omfattar radioaccessnät (RAN), RAN Compute, transportprodukter, antennprodukter och en komplett tjänsteportfölj.”

Annual report 2024A · The company itself

“Ericsson 2024 Noter till koncernens finansiella rapporter Bolagsstyrningsrapport Ersättningsrapport Rapport om hållbarhet och ansvarsfullt företagande Finansiell rapport Mjukvarulicenser som standardprodukter säljs som en mjukvarulicens på plats, vilken ger rätten att använda mjukvarulicensen som den är när den görs tillgänglig för kunden. Kontrollen överförs när aktiverade mjukvarulicenser tillhandahålls kunden vid en specifik tidpunkt eller som en släppt mjukvaruversion, redo att aktiveras av kunden i ett senare skede.”

Annual report 2024A · The company itself

“Telenor handles a diverse array of supplies required for its operations across two regions. Complexity has grown due to technological advancement and the dynamic nature of the telecom industry. Geopolitical tensions leads to supply volatility and economic fluctuations.”

Annual report 2024A · The company itself

“To complement the end-user services, Telenor provides select hardware like mobile phones, broadband modems and TV boxes.”

Annual report 2024A · The company itself

“Kaikki aikahorisontit Ilmastonmuutokseen sopeutuminen Komponenttien saatavuusongelmat tai toimittajan valmistuksen loppuminen kokonaan Suuri osa Telesten liikevaihdosta tulee tuoteliiketoiminnasta, joten Telesten tuotteet ovat alttiita komponenttien saatavuushaasteille. Komponenttimuutos voi edellyttää uuden tyyppihyväksynnän. Komponenttien saatavuushaasteet voivat laskea kannattavuutta myös, mikäli joudutaan hankkimaan materiaaleja eri valuutassa kuin valmistus ja yrityksen kirjanpito toimivat.”

Annual report 2025A · The company itself

“Maailmanlaajuisesti kasvavat investoinnit datakeskuksiin ja uusiin teknologioihin lisäävät puolijohteiden kysyntää. Tämä voi rajoittaa yhtiön tarvitsemien komponenttien saatavuutta, koska osa komponenteista kilpailee samasta tuotantokapasiteetista.”

Annual report 2025A · The company itself

“Arvoketjun ylävirrassa Teleste hankkii komponentteja, osia ja palveluja toimittajilta. Näihin kuuluvat muun muassa elektroniikkakomponentit ja kuljetukset.”

Annual report 2025A · The company itself

“Telesten valmistamat tuotteet ovat elektroniikkalaitteita, jotka koostuvat pääasiassa elektroniikkakomponentteja sisältävistä piirilevyistä, näyttöpaneeleista, välikaapeleista, virtalähteistä, ohjelmistoista, koteloista ja muista mekaniikkarakenteista.”

Annual report 2025A · The company itself

“Capital equipment providers in the electronics, semiconductor industries and robotics, such as Teradyne, have, in the past, been negatively impacted by both sudden slowdowns in the global economies and recurring cyclicality within those industries. These cycles, which can be driven by broad changes to Semiconductor buying patterns, or to specific markets within the Semiconductor industry, have resulted in periods of over-supply; a trend we believe will continue to occur. Our business and results of operations depend, in significant part, upon capital expenditures of manufacturers of semiconductors, electronics, and other industrial products, which in turn depend upon the current and anticipated market demand for those products.”

Annual report 2025A · The company itself

“The global supply shortage of electrical components, including semiconductor chips, impacted our supply chain in 2023. As a result, we experienced and may experience in the future, increases in our lead times and costs for certain components for certain products. We may also experience delays in the delivery of some orders placed by our customers.”

Annual report 2025A · The company itself

“ACQUISITIONS Quantifi Photonics On May 31, 2025, Teradyne acquired all of the issued and outstanding shares of Quantifi Photonics (“Quantifi”), a privately held company in New Zealand and a leader in photonic integrated circuit (“PIC”) test solutions for a total purchase price of $127.2 million. The acquisition of Quantifi enables Teradyne to deliver scalable PIC test solutions.”

Annual report 2025A · The company itself

“Automated Test Equipment Technology On January 31, 2025, Teradyne acquired from Infineon Technologies AG (“Infineon”) its automated test equipment technology and associated development team (“AET”) based in Regensburg, Germany for a total purchase price of 17.6 million Euros, equivalent to $18.3 million, subject to customary adjustments. AET adds resources and expertise to Teradyne and strengthens the relationship between Teradyne and Infineon.”

Annual report 2025A · The company itself

“On January 29, 2026, Teradyne and MultiLane, a leading high-speed input/output (“I/O”) test and measurement company, announced an agreement to form a joint venture, MultiLane Test Products (“MLTP”). MLTP is being formed to serve the growing demand from the AI Data Center equipment market by accelerating the development of test solutions for critical high speed data connections.”

Annual report 2025A · The company itself

“(“Teradyne”) is a leading global provider of automated test equipment and robotics solutions. Teradyne’s automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics systems in many industries including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries. Teradyne’s robotics product offerings consist primarily of collaborative robotic arms and autonomous mobile robots used by global manufacturing, logistics and industrial customers to improve quality and increase manufacturing and material handling efficiency while reducing costs.”

Annual report 2025A · The company itself

“SEGMENT, GEOGRAPHIC AND SIGNIFICANT CUSTOMER INFORMATION As of December 31, 2024, Teradyne had two reportable segments (Semiconductor Test and Robotics) and four operating segments (Semiconductor Test, System Test, Wireless Test, and Robotics).”

Annual report 2025A · The company itself

“The market for our products is concentrated with a limited number of significant global customers accounting for a substantial portion of the purchases of test equipment. In each of the years, 2025, 2024 and 2023, our five largest direct customers in aggregate accounted for 44%, 36% and 32% of consolidated revenues, respectively.”

Annual report 2025A · The company itself

“As of December 31, 2025, two customers primarily of our Semiconductor Test segment accounted for approximately 22% and 20%, respectively, of our accounts receivable balance.”

Annual report 2025A · The company itself

“For example, as companies, including Tesla, have made rapid advancements in AI in recent years, such innovation demands exponentially greater compute, memory, energy and thermal resources, which may prove insufficient in scale or affordability to meet our requirements.”

Annual report 2025A · The company itself

“Rapid technological change in markets we serve requires us to develop new technologies and products. Rapid technological change in markets we serve could contribute to shortened product life cycles and a decline in average selling prices of our products.”

Annual report 2025A · The company itself

“We face intense technological and pricing competition in the markets in which we operate. We expect this competition will continue to increase from large competitors and from small competitors serving niche markets, and also from emerging companies, particularly in Asia, that sell products into the same markets in which we operate.”

Annual report 2025A · The company itself

“Semiconductor cycle The semiconductor cycle refers to the ebb and flow of supply and demand and the building and depleting of inventories. It has been characterized by periods of tight supply caused by strengthening demand and/or insufficient manufacturing capacity, followed by periods of surplus inventory caused by weakening demand and/or excess manufacturing capacity. These are typically referred to as upturns and downturns in the semiconductor cycle.”

Annual report 2025A · The company itself

“We own and operate semiconductor manufacturing facilities in North America, Asia, Japan and Europe. These include both wafer fabrication (fab) and assembly/test facilities. We invest in manufacturing technologies and do most of our manufacturing in-house.”

Annual report 2025A · The company itself

“We continue to strengthen our competitive advantage in manufacturing and technology as part of our long-term capacity plan to meet demand over time. Semiconductor growth in electronics, particularly in industrial, automotive and data center markets, is expected to continue well into the future. In 2025, we continued qualifying and ramping production at our newest 300mm wafer fabs in Richardson and Sherman, Texas, and Lehi, Utah.”

Annual report 2025A · The company itself

“For decades, we have operated with a passion to create a better world by making electronics more affordable through semiconductors.”

Annual report 2025A · The company itself

“Analog Our Analog segment generated $14.01 billion of revenue in 2025.”

Annual report 2025A · The company itself

“Sales of our Analog products generated about 79% of our revenue in 2025.”

Annual report 2025A · The company itself

“Embedded Processing Our Embedded Processing segment generated $2.70 billion of revenue in 2025.”

Annual report 2025A · The company itself

“We have a diverse product portfolio that is used to accomplish many different things, such as converting and amplifying signals, interfacing with other devices, managing and distributing power, and processing data. This broad portfolio includes more than 80,000 products that are integral to almost every type of electronic equipment.”

Annual report 2025A · The company itself

“Analog semiconductors change real-world signals, such as sound, temperature, pressure or light, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. Analog semiconductors are also used to manage power in all electronic equipment by converting, distributing, storing, discharging, isolating and measuring electrical energy, whether the equipment is plugged into a wall or using a battery.”

Annual report 2025A · The company itself

“Power Power includes products that help customers manage power in electronic systems. Our broad portfolio is designed to manage power requirements across different voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated DC/DC switching regulators, power switches, linear and low-dropout regulators, voltage references, multiphase controllers and power stages, and lighting products.”

Annual report 2025A · The company itself

“Signal Chain Signal Chain includes products that sense, condition and measure real-world signals and convert them into data that can be transferred or converted for further processing and control. Our Signal Chain products include amplifiers, data converters, interface products, motor drives, clocks, logic and sensing products.”

Annual report 2025A · The company itself

“Embedded Processing products are the digital “brains” of many types of electronic equipment. They are designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application.”

Annual report 2025A · The company itself

“Our Embedded Processing segment includes microcontrollers, processors, wireless connectivity and radar products. Microcontrollers are self-contained systems with a processor core, memory and peripherals that are designed to control a set of specific tasks for electronic equipment and often integrate analog functionality.”

Annual report 2025A · The company itself

“Our processors are designed for specific computing activity in embedded applications.”

Annual report 2025A · The company itself

“Other We report the results of our remaining business activities in Other, which includes operating segments that do not meet the quantitative thresholds for individually reportable segments and cannot be aggregated with other operating segments. Other generated $979 million of revenue in 2025 and includes revenue from DLP® products (primarily used to project high-definition images), calculators and certain custom semiconductors known as application-specific integrated circuits (ASICs).”

Annual report 2025A · The company itself

“Customers, sales and distribution We sell our products to over 100,000 customers. Our customer base is diverse, with about half of our revenue derived from customers outside of our largest 50.”

Annual report 2025A · The company itself

“Likt alla fordonstillverkare världen över, led husbilstillverkarna av brist på halvledare under 2020–2023, vilket innebar att man inte kunde möta den efterfrågan som fanns. Detta har skapat långa ledtider och eftersläpning i leveranser, samtidigt som kost - naderna för fordonen ökat snabbt.”

Annual report 2023A · The company itself

“Egen tillverkning och en stark leverantörsbas Thule Group har ända sedan företaget grundades 1942 fokuserat på innovativ produktutveckling och att äga alla rättigheter till de produkter som utvecklas. Med vårt tydliga fokus på ekodesign, materialkunskap och kvalitet har vi under årens lopp utvecklat en djup och gedigen kompetens inom produktutveckling och tillverkning.”

Annual report 2023A · The company itself

“We rely on suppliers to secure commodities, particularly steel and non-ferrous metals, and third-party parts and components, including electronic components, required for the manufacture of our products.”

Annual report 2025A · The company itself

“We depend on various key suppliers and vendors to provide us, directly or through other suppliers, with equipment and services, such as fiber, switch and network equipment, smartphones and other wireless devices, customer service support and other services that we need in order to operate our business. For example, our smartphone and other device suppliers often rely on one vendor for the manufacture and supply of critical components, such as chipsets, used in their devices, and there are a limited number of companies capable of supplying the network infrastructure equipment on which we depend.”

Annual report 2025A · The company itself

“We are dependent on a limited number of qualified suppliers who provide critical services, materials or components, and a disruption in our supply chain could negatively affect our business. We depend on an external supply base for technologies, software (including firmware), preamps, controllers, dynamic random-access memory, components, equipment and other materials used in our product design and manufacturing.”

Annual report 2026A · The company itself

“Trade restrictions (including tariffs, quotas and embargoes), demand from other high-volume industries for materials or components used in our products, disruptions in supplier relationships or shortages in other components and materials used in our customers’ products could result in increased costs to us, which could negatively impact our business.”

Annual report 2026A · The company itself

“Supplier Concentration Some key components are purchased from single source vendors for which alternative sources are currently not available. Shortages could occur in these essential materials due to an interruption of supply or increased demand in the industry.”

Annual report 2026A · The company itself

“Our multi-year product roadmap for high-capacity HDDs, which include ePMR, OptiNAND, UltraSMR, heat-assisted magnetic recording (“HAMR”) and triple stage actuators to deliver a cutting-edge portfolio of drives, in commercial volumes, at a wide variety of capacity points, puts Western Digital in a strong position to capitalize on the opportunities presented by the large and growing storage markets.”

Annual report 2026A · The company itself

“Segment Reporting Prior to the Separation, the Company had been managed and operated under two reportable segments: HDD and Flash-based products (“Flash”). Upon the Separation and disposition of the Flash segment, the Company’s continuing operations now consist of a single reportable segment, HDD.”

Annual report 2026A · The company itself

“Geopolitical changes in China-Taiwan relations could disrupt the operations of companies in Taiwan that are critical to the global supply chain for semiconductors (“chips”) and other electronic components, as well as the supply of lithium batteries, carbide seals, and rare earth elements. Such changes could have significant negative effects on the global supply chain for these components and materials and could adversely affect our ability to manufacture certain of our digitally-enabled products, such as pumps, controllers and smart meters.”

Annual report 2025A · The company itself

“Parts, components and raw materials commonly used in our products include motors, fabricated parts, castings, magnets, bearings, seals, batteries, printed circuit boards ("PCBs") and electronic components, including semiconductors, as well as commodities, including steel, brass, nickel, copper, aluminum, rare earth minerals and plastics.”

Annual report 2025A · The company itself

“are based on a platform provided by SAP, the global developer and provider of enterprise resource planning systems to corporates. A potential future deterioration in the relationship with SAP, and/ or the inability or difficulties of implementing third party solutions, may significantly impede the Group's ability to provide its services.”

Annual report 2024A · The company itself

“We purchase many of the materials and components used in manufacturing our products from third-party suppliers, and we outsource some key manufacturing activities. Certain of these materials and components and outsourced activities can only be obtained from a single source or a limited number of sources due to quality considerations, expertise, costs or constraints resulting from regulatory requirements. In certain cases, we may not be able to establish additional or replacement suppliers for such materials or components or outsourced activities in a timely or cost effective manner, due to market constraints or as a result of FDA or other worldwide regulations that require validation of materials and components prior to their use in our products and the complex nature of our and many of our suppliers' manufacturing processes and the need for clearance or approval of significant changes by FDA and other worldwide regulatory bodies prior to implementation.”

Annual report 2025A · The company itself

“COMMODITY PRICE RISK We purchase raw material commodities such as cobalt chrome, titanium, tantalum, polymer and sterile packaging. We enter into supply contracts generally with terms of 12 to 24 months, where available, on these commodities to alleviate the effect of market fluctuation in prices.”

Annual report 2025A · The company itself

“These characteristics have made PFAS substances critical to the manufacture of a wide range of products, including electronic devices such as cell phones, tablets, and semi-conductors.”

Annual report 2025A · The company itself

“The majority of our foreign currency transaction risk results from sales of our products in Canada, a portion of which we manufacture in the U.S., and to a lesser extent from component purchases in India and Europe and payroll in Mexico.”

Annual report 2025A · The company itself

“■Our business may be adversely impacted by product defects Product defects can occur through our own product development, design and manufacturing processes or through our reliance on third parties for component design and manufacturing activities. We may incur various expenses related to product defects, including product warranty costs, product liability and recall or retrofit costs.”

Annual report 2025A · The company itself

“("we", "Agilent" or the "company"), incorporated in Delaware in May 1999, is a global leader in life sciences, diagnostics and applied markets, providing application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow.”

Annual report 2025A · The company itself

“Our vacuum business develops cutting edge products and technologies to test vacuum environments and find uses in a diverse variety of industries including semi-conductor, batteries, chemical manufacturing and advanced materials development.”

Annual report 2025A · The company itself

“Additionally, our products are used to support the testing for safety, quality, and compliance across the value chains of advanced materials – including semiconductors, batteries, and specially engineered polymers and polymeric materials.”

Annual report 2025A · The company itself

“Our products are used to test for safety, quality, and compliance across the value chains of advanced materials – including semiconductors/electronics, batteries, specially engineered polymers and polymeric materials, minerals and metals, thin film & optics, consumer products and packing materials – from the upstream raw materials, materials production, and final products to the end markets and recycling.”

Annual report 2025A · The company itself

“We serve a broad range of industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food, providing essential industrial gases, related equipment, and applications expertise.”

Annual report 2025A · The company itself

“End market products that benefit from our fire safety technology include plastic enclosures for consumer electronics, printed circuit boards, wire and cable products, electrical connectors, textiles and foam insulation.”

Annual report 2025A · The company itself

“Within our PCS product line, we manufacture organometallic co-catalysts (e.g., aluminum, magnesium, and zinc alkyls) used in the manufacture of alpha-olefins (e.g., hexene, octene, decene), polyolefins (e.g., polyethylene and polypropylene), and electronics.”

Annual report 2025A · The company itself

“Many of our customers are in industries, including the electronics, building and construction, oilfield and automotive industries, that are cyclical in nature, or which are subject to secular market downturns or may face adverse effects of evolving regulatory regimes.”

Annual report 2025A · The company itself

“Top 20 tenants 84% of Top 20 Tenant Annual Rental Revenue Is From Investment-Grade or Publicly Traded Large Cap Tenants(1) Our properties are leased to a high-quality and diverse group of tenants, with no individual tenant accounting for greater than 6.1% of our annual rental revenue in effect as of December 31, 2025.”

Annual report 2025A · The company itself

“(2)71% of our annual rental revenue from advanced technologies tenants is from investment-grade or publicly traded large cap tenants.”

Annual report 2025A · The company itself

“We purchase a wide range of raw materials, including steel, zinc, brass and other non-ferrous metals, as well as other parts and components, such as electronic components, to support our production facilities.”

Annual report 2025A · The company itself

“We procure certain products, including raw materials and other commodities, including steel, zinc, brass and other non-ferrous metals, as well as parts, components (including electronic components) and logistical services from supplier partners located throughout the world.”

Annual report 2025A · The company itself

“While we manufacture certain parts and components used in our products, we require substantial amounts of raw materials and purchase some parts and components, including semiconductor chips and other electronic components, from suppliers. The availability and prices for raw materials, parts and components may be subject to curtailment or change due to, among other things, suppliers' allocation to other purchasers, interruptions in production by suppliers, changes in exchange rates and prevailing price levels.”

Annual report 2025A · The company itself

“Business ​ General ​ Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial, high-speed, fiber optic and specialty cable.”

Annual report 2025A · The company itself

“●Interconnect and Sensor Systems – the Interconnect and Sensor Systems segment designs, manufactures and markets a broad range of sensors, sensor-based systems, connectors and value-add interconnect systems.”

Annual report 2025A · The company itself

“●Communications Solutions – the Communications Solutions segment designs, manufactures and markets a broad range of connector and interconnect systems, including high speed, radio frequency, power, fiber optic and other interconnect products; coaxial, fiber optic and high-speed cable; antennas; and other products for use in the information technology and data communications, mobile devices, industrial, communications networks, automotive, commercial aerospace and defense end markets.”

Annual report 2025A · The company itself

“Our patterning systems and technologies address challenges resulting from shrinking pattern dimensions and the growing complexity in vertical stacking found in today’s most advanced semiconductor devices.”

Annual report 2025A · The company itself

“Our transistor and interconnect products and technologies enable continued power and performance improvements of 3D transistors.”

Annual report 2025A · The company itself

“Competition The industries in which we operate are highly competitive and characterized by rapid technological change.”

Annual report 2025A · The company itself

“As a result, products within the Semiconductor Systems segment are subject to significant changes in customer requirements, including transitions to smaller dimensions, increasingly complex chip architectures, new materials and an increasing number of applications.”

Annual report 2025A · The company itself

“We are experts in the design, development, production, and servicing of the critical wafer fabrication tools our customers need to manufacture semiconductors.”

Annual report 2025A · The company itself

“Semiconductor Systems Our Semiconductor Systems segment designs, develops, manufactures and sells a wide range of equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The Semiconductor Systems segment consists of the semiconductor capital equipment industry’s most comprehensive portfolio of products used in the chip making process.”

Annual report 2025A · The company itself

“Our products address steps across materials engineering, process control and advanced packaging, including the conversion of patterns into device structures, transistor and interconnect fabrication, metrology, inspection and review, and packaging technologies for connecting finished IC die.”

Annual report 2025A · The company itself

“Table of Contents Applied Global Services Our AGS segment provides services, spares and factory automation software to customer fabrication plants globally. Through October 26, 2025, our AGS segment also manufactured and sold 200 millimeter (200mm) and other equipment to customers globally that serve non-leading-edge markets.”

Annual report 2025A · The company itself

“Our Semiconductor Systems sales are to customers that serve the following markets: foundry, logic and other; dynamic random access memory (DRAM); and flash memory (NAND).”

Annual report 2025A · The company itself

“During fiscal 2025, two customers accounted for approximately 19% and 15%, respectively, of our net revenue.”

Annual report 2025A · The company itself

“Generell informasjon Aqu a Bio Technology ASA (ABT) er et norsk bioteknologiselskap som utvikler, produserer, inn-lisensierer og markedsfører patenterte ingredienser og teknologi til det nasjonale/ internasjonale kosmetikk – og hudpleie markedet.”

Annual report 2024A · The company itself

“I värdekedjan uppströms är påverkan främst kopplad till leverantörer, särskilt för koldioxidintensiva material såsom plast, metall och elektronik.”

Annual report 2024A · The company itself

“Climate change will also complicate raw material availability and costs, increasing procurement expenses for IT hardware manufacturing.”

Annual report 2024A · The company itself

“The largest share of inflows comes from two streams: one from purchases of IT equipment manufactured by the world’s leading brands (which are then sold to our customers) and the other from take-back services where we collect no-longerused IT equipment from our customers.”

Annual report 2024A · The company itself

“During the reporting year, Atea has placed 1,829.2 tons of EEE in the market and collected 541.7 tons of WEEE.”

Annual report 2024A · The company itself

“We are a supplier of IT infrastructure, delivering hardware and software from leading global vendors, and providing consulting and technical services to support our customers with the design, implementation and operation of their IT environments. We help our customers prolong the life of their various IT equipment, such as laptops, computers, mobile phones and tablets, by selling spare parts, preparing equipment for reuse and selling refurbished products.”

Annual report 2024A · The company itself

“Sale of spare parts for IT equipment (CE 5.2) comprises 2.1% of total taxonomy-eligible turnover and has increased by 0.3 percentage points mainly due to increased sales of components and redefined product categories that fall under taxonomy definition of the spare part.”

Annual report 2024A · The company itself

“These efforts include patent and product development work relating to printing and coating technologies, as well as adhesive, release and ink chemistries in our Materials Group reportable segment.”

Annual report 2025A · The company itself

“We focus on research projects related to RFID, external embellishments and digital solutions in our Solutions Group reportable segment.”

Annual report 2025A · The company itself

“We purchase many components and raw materials used in manufacturing our products from numerous suppliers in various countries. Although we currently obtain certain components from single source suppliers, we own substantially all injection-molded component tooling, designs and test fixtures used in production for all custom components.”

Annual report 2025A · The company itself

“We depend on suppliers of machined parts, injection molded plastic parts, printed circuit boards, semiconductors, custom wire fabrications and other custom and off-the-shelf parts for our products.”

Annual report 2025A · The company itself

“For example, there have been and may continue to be disruptions in the semiconductor supply chain that could negatively impact our ability to make our products.”

Annual report 2025A · The company itself

“We expect to experience some of these and other challenges related to our supply chain in future periods. These challenges, including the unavailability of certain raw materials and component parts, have also had a negative impact on our sales for certain product categories due to our inability to fully satisfy demand and may continue to have a negative impact on our sales in the future.”

Annual report 2025A · The company itself

“We have faced, and may in the future face, difficulties obtaining supplies of key materials, such as electromechanical components, active ingredients for pharmaceuticals and resins, due to supply chain disruptions and global pandemics (including COVID-19).”

Annual report 2025A · The company itself

“NET SALES BY SEGMENT Medical Products & Therapies Our Medical Products & Therapies segment includes sales of our sterile IV solutions, infusion systems, administration sets, parenteral nutrition therapies and surgical hemostat, sealant and adhesion prevention products.”

Annual report 2025A · The company itself

“(“TTI”), headquartered in Fort Worth, Texas, is a global specialty distributor of passive, interconnect, electromechanical, discrete and semiconductor components used by customers in the manufacturing and assembling of electronic products.”

Annual report unknown yearA · The company itself

“W&W|AFCO Steel (“W&W|AFCO”) is a leading structural steel fabricator and steel construction business in North America. W&W|AFCO operates 19 steel fabrication plants located across the U.S.”

Annual report unknown yearA · The company itself

“Komponentbrist och förseningar i leverantörsledet är omvärldsfaktorer kan uppstå från tid till annan.”

Annual report 2024A · The company itself

“MANUFACTURING AND MATERIALS Our manufacturing operations use a wide variety of raw materials and components, including electronic components, chemicals and biological materials.”

Annual report unknown yearA · The company itself

“For developers and larger sellers, Square offers application programming interfaces and software development kits that extend Square’s commerce and payments functionality to custom applications and third-party systems, enabling deeper integration and expanding payment volume across channels. •Square Hardware is custom-designed and can process all major card payment forms, including magnetic stripe, EMV chip, and NFC (contactless).”

Annual report 2025A · The company itself

“Square hardware can be integrated with additional accessories such as cash drawers, receipt printers, scales, and barcode scanners to provide sellers with a comprehensive point-of-sale solution. Square's hardware portfolio includes the following: •Square Register is an all-in-one offering that combines our hardware, point-of-sale software, and payments technology.”

Annual report 2025A · The company itself

“Rörelseresultat exkl. omvärdering av processlager Gruvor Finansiell utveckling Gruvor Merparten av Affärsområde Gruvors försäljning sker till Affärsområde Smältverk och sker på marknadsmässiga villkor.”

Annual report 2024A · The company itself

“Many components used in the manufacturing of our products are readily fabricated from commonly available raw materials or off-the- 7 shelf items available from multiple supply sources; however, certain items are custom made to meet our specifications, and certain materials and components are purchased from single sources due to quality considerations, expertise, costs or constraints resulting from regulatory requirements.”

Annual report 2025A · The company itself

“Supply of certain raw materials and components used in the manufacturing of our products has been stable, but there continues to be risk for certain materials and vendors. While we continue to believe we will have access to the raw materials and components that we need, these supply chain dynamics could result in increased costs to us or an inability to fully meet customer demand for certain of our products.”

Annual report 2025A · The company itself

“Our highly scalable, resilient, component-based platform automates the front-to-back transaction lifecycle of equity, mutual fund, fixed income, foreign exchange and exchange-traded derivatives, from order capture and execution through trade confirmation, margin, cash management, clearing and settlement, reference data management, reconciliations, securities financing and collateral management, asset servicing, compliance and regulatory reporting, portfolio accounting and custody-related services.”

Annual report 2026A · The company itself

“With more than 200 years of experience and operations in more than 50 countries, we are: •a leading global oilseed processor and producer of vegetable oils and protein meal, based on processing capacity and volume; •a leading global grain merchandiser, based on volume; •a leading seller of packaged plant-based oils worldwide, based on sales; and •a leading producer and seller of wheat flours, bakery mixes and related products in South America, based on volume.”

Annual report 2025A · The company itself

“• Bure förvärvade 14,5 procent i Mentimeter för 531 Mkr. • Atle förvärvade aktier för 181 Mkr däribland 66 procent av FIRST Fondene, 20 procent av Amaron Holding samt utökade ägarandelen till 100 procent i Atle Fund Management (f.d.Healthinvest Partners). • Bure förvärvade 700 000 aktier i Cavotec för 12 Mkr. • Atle lämnade villkorade aktieägartillskott på 15 Mkr till AtleFund Management, Atle Partners och Humle Fonder. • Bure Growth tecknade ett konvertibelt förlagslån på 17 Mkr iBioLamina.”

Annual report 2024A · The company itself

“Mycronic AB fick sin första order på det nya mätsystemet MMX under 2024.”

Annual report 2024A · The company itself

“In addition, we also use semi-conductors and other electronic components in the manufacture of our products.”

Annual report 2025A · The company itself

“Table of Contents Revenues Total revenues for the year ended December 31, 2025 increased $619.7 million, or 15%, compared to the year ended December 31, 2024 primarily due to increases across all revenue captions, driven by an increase in transaction and clearing fees as a result of increased volumes traded on the Cboe options, Cboe U.S. equities, and Cboe European equities exchanges, partially offset by a decrease in regulatory fees due to a decrease in the Section 31 fee rate following a rate change in May 2025.”

Annual report 2025A · The company itself

“Additionally, increased demand for materials necessary for our business has resulted, and may continue to result, in greater competition for and scarcity of such materials. For example, the increase in demand for electricity across the United States has contributed to large demand increases for transformers, which has caused and may continue to cause supply shortages for transformers.”

Annual report 2025A · The company itself

“Our Manufacturing businesses produce FDA regulated endotoxin test kits at an FDA registered facility. We also manufacture sterility and microbial limits test kits used in FDA Regulated pharmaceutical applications, reagents, cell banks used in research and biopharmaceutical production, clinical trial vaccines and vaccine support products as well as an animal-free recombinant cascade reagent (rCR), Endosafe® Trillium®, which is an alternative to the natural LAL product.”

Annual report 2025A · The company itself

“Schwab’s primary funding source for interest-earning assets is uninvested client cash balances held on our balance sheet as part of our clients’ overall relationship with the Company. Schwab’s interest-earning assets are primarily comprised of high-quality fixed income securities, margin loans, and bank loans.”

Annual report 2025A · The company itself

“Der anvendes en lang række underleverandører (primært europæiske), fx til fremstilling af printkort”

Annual report 2025A · The company itself

“Der anvendes en lang række underleverandører (primært europæiske), fx til fremstilling af printkort, mens styring, montage, kalibrering og kvalitetskontrol udføres på vores faciliteter i Allerød, Danmark.”

Annual report 2025A · The company itself

“CHEMOMETEC - 2024/25 Årsrapport 2024/25 ChemoMetec tilbyder højkvalitets analyseudstyr, der optimerer workflows hos vores kunder og sikrer præcise, konsistente og hurtige målinger inden for tælling og analyse af celler.”

Annual report 2025A · The company itself

“Construction of wind and hydro power plants requires the procurement of metals, electromechanics and composite materials, indirectly exposing Cloudberry to industry-wide value chain risks, such as: • excessive working hours • dangerous working conditions • low income • debt bondage • child labor • forced labor • discrimination and sexual exploitation • impacts on indigenous peoples and marginalized communities by land acquisition and forced displacements • the funding of armed groups by illegal mining • violence against defenders of human rights and the environment.”

Annual report 2024A · The company itself

“Other Sources of Supply and Operations We purchase from a limited number of suppliers a significant amount of customer premise equipment, including wireless gateways and set-top boxes, network equipment, and services to provide our broadband and video services to residential and business customers.”

Annual report 2025A · The company itself

“We also purchase from a limited number of suppliers a significant number of wireless devices.”

Annual report 2025A · The company itself

“Orders for manufactured commercial HVAC equipment, electrical switch gear, and large application power generators have experienced the longest lead-times, and it is not uncommon for lead-times to be greater than six months.”

Annual report 2025A · The company itself

“Optronics lösning bygger på en unik kiselteknologi som gör produkterna snabbare, mer stabila och mer tillförlitliga än de alternativ som finns på marknaden.”

Annual report 2024A · The company itself

“Concejos ägarandel: 4,5 % XENERGIC AB Xenergic är ett svenskt företag som har utvecklat en ny typ av cache-minne (arbetsminne) som minskar strömförbrukningen för olika typer av integre - rade kretsar (datachip). Xenergics minnen används för att temporärt lagra filer och snabba upp beräkningarna i högpresterande mikroprocessorer. Xenergics innovation kretsar kring en helt ny arkitektur och design av minnen som ger stora energibesparingar för olika typer av elektronik produkter med betydligt längre batteritid som största vinst.”

Annual report 2024A · The company itself

“The Companies have been impacted, and expect to continue to be impacted by, global and U.S. supply chain disruptions and shortages of materials, equipment, labor and other resources that are critical to the Companies’ business operations, primarily the Utilities’ electric transmission and distribution operations. Such disruptions and shortages have resulted in increased prices and lead times for critical orders of materials and equipment needed by the Companies in their operations, such as certain raw materials, microprocessors, semiconductors, microchips, vehicles and transformers.”

Annual report 2025A · The company itself

“RAW MATERIALS Our businesses utilize various chemicals, packaging materials, components, parts and raw materials which are generally available from more than one source. However, in certain instances we acquire components and materials from sole suppliers to make our silicone hydrogel contact lens, certain medical devices and IVF products.”

Annual report 2025A · The company itself

“Corning’s industry-leading products include damage-resistant cover materials for mobile devices; precision glass for advanced displays; optical fiber, cable and connectivity solutions for advanced communications networks, such as fiber to the home and data centers, enabling artificial intelligence and connections around the world; trusted products to accelerate drug discovery and delivery; and clean-air technologies and technical glass for cars and trucks.”

Annual report 2025A · The company itself

“We also manufacture ultra-flat, ultra-thin glass wafers and substrates for a variety of applications including augmented reality, advanced semiconductor packaging, 3D sensing and more.”

Annual report 2025A · The company itself

“HSG is a leading provider of high-purity polysilicon products for the solar power and electronics industries. HSG operates in the solar power market, as polysilicon is needed in the manufacturing process to produce sustainable solar power cell, panels and arrays, and the electronics markets, as polysilicon is used to create fabricated wafers and integrated circuit chips used by leading semiconductor manufacturers.”

Annual report 2025A · The company itself

“Our semiconductor optics include high-performance optical materials including Corning® HPFS® Fused Silica and Corning® ULE® Ultra-Low Expansion Glass, optical-based metrology instruments and custom optical assemblies for applications in the global semiconductor industry. Additionally, in 2024, we introduced Corning® EXTREME ULE® Glass, a next-generation material that will support chip manufacturers in meeting the rapidly growing demand for advanced and intelligent technologies.”

Annual report 2025A · The company itself

“Inet (SEK 63 mn / 24 procent) levererade ett starkt år resultatmässigt trots en utmanande marknad. Vi ser vissa möjligheter till ett något mer positivt marknadsklimat under 2025 i form av något förbättrad ekonomi för de svenska hushållen, aviserade släpp av nya grafikkort och processorer samt en förväntad kommande uppgraderingscykel för den datorutrustning kunder köpt under pandemin.”

Annual report 2024A · The company itself

“The capital intensive and unique nature of core rail equipment (including rail, ties, freight cars and locomotives) limits the number of railroad equipment suppliers. If any of the current manufacturers stops production or experiences a supply shortage, CSXT could experience a significant cost increase or material shortage.”

Annual report 2025A · The company itself

“Table of Contents Components Segment Components segment sales and EBITDA as a percentage of consolidated results were: Years ended December 31, 2025 2024 2023 Percent of consolidated net sales (1) 25 % 28 % 32 % Percent of consolidated EBITDA (1) 26 % 32 % 36 % (1) Measured before intersegment eliminations The Components segment designs, manufactures and supplies products which complement the Engine and Power Systems segments, including drivetrain and braking systems for commercial diesel, gasoline and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, automated transmissions and electronics.”

Annual report 2025A · The company itself

“•Components and software - We design, manufacture and market turbocharger, fuel system and valvetrain technologies for light-duty, medium-duty, heavy-duty and high-horsepower markets. We also design, develop and supply electronic control modules, sensors and supporting software for on-highway, off-highway and power generation applications. We primarily serve markets in North America, China, Europe and India. •Automated transmissions - We develop and supply automated transmissions for the heavy-duty commercial vehicle market.”

Annual report 2025A · The company itself

“We believe that our national, regional and local scale provides us with benefits that may not be available to the same degree to some other smaller homebuilders, such as: •Greater access to and lower cost of capital due to our balance sheet strength and our lending and capital markets relationships; •Volume discounts and rebates from national, regional and local materials suppliers and lower labor rates from certain subcontractors; and •Enhanced leverage of our general and administrative activities, which allows us flexibility to adjust to changes in market conditions and compete effectively across our markets.”

Annual report 2025A · The company itself

“•AI-optimized servers — We offer a specialized portfolio of AI-optimized servers designed to handle the most demanding compute-intensive workloads, including AI model training, fine-tuning, and inferencing. •Traditional servers and networking — Our traditional servers portfolio provides the trusted foundation for modern IT environments, supporting a wide range of general-purpose and mission-critical workloads.”

Annual report 2026A · The company itself

“Strong relationships with component suppliers”

Annual report 2025A · The company itself

“2.13 VARULAGER Varulagret avser IT-tillbehör. Varulagret är värderat enligt lägsta värdets princip, d v s till det lägsta av anskaffningsvärde och nettoförsäljningsvärde.”

Annual report 2024A · The company itself

“En ledande partner av IT-, teknik- och AV-produkter Bred tillgång till kundkanaler möjliggör skalbarhet & effektiv ”Go-to-market” * Alla logotyper och varumärken är exempel och ej heltäckande. ~30 000 artikelnummer levereras till ~6000 aktiva företagskunder och direkt till konsument i Norden, Baltikum och övriga Europa.”

Annual report 2024A · The company itself

“DistIT är en väletablerad distributionskoncern inom IT-tillbehör, datakommunikation, hemelektronik, nätverk och AV-produkter i Norden.”

Annual report 2024A · The company itself

“Audio-Videoprodukter med den senaste tekniken som är utvecklade utifrån kundernas och marknadens behov. Utbudet består av en blandning av grundläggande AV-produkter och nya innovativa specialprodukter riktade mot det växande B2B-segmentet.”

Annual report 2024A · The company itself

“Qnect erbjuder ett brett sortiment av kvalitetsprodukter med hög prestanda inom kablage, med fokus på audio, video och nätverkskablar samt rengöringsprodukter för kontors- och hemmabruk.”

Annual report 2024A · The company itself

“PANZER erbjuder optimalt skydd till skärmen på din surfplatta, smartphone eller smartwatch. Alltid till de senaste modellerna, med perfekt passform och ytbehandling och teknik som motverkar fingeravtryck och bakterier.”

Annual report 2024A · The company itself

“Inom professionella audio/videoprodukter (Pro AV) och ljus representerar Septon världsledande varumärken på exklusiv basis på de marknader där vi är verksamma.”

Annual report 2024A · The company itself

“DistIT AB (publ) ska förvärva, äga och utveckla nischdistributörer inom IT, mobility, hemelektronik, nätverk, datakommunikation och AV-produkter i Norden och Baltikum. Bolag inom DistIT-koncernen levererar både B2Boch B2C- produkter till IT- och AV-marknaden i Norden och Baltikum.”

Annual report 2024A · The company itself

“Aurdel är en ledande distributör av kvalitetsprodukter och tillbehör inom IT, mobilitet, konsumentelektronik, nätverk och datakommunikation i norra Europa.”

Annual report 2024A · The company itself

“Introduktion Marknad Strategi och affär Ekonomisk redovisning Finansiella rapporter Hållbarhetsrapport Nyckeltal Introduktion Marknad Strategi och affär Ekonomisk redovisning Finansiella rapporter Hållbarhetsrapport Nyckeltal Case: Västra stranden i Luleå Västra Stranden i korthet 4 nya miljöcertifierade fastigheter Kontor, bostäder (74 lägenheter), butiker och andra tjänster Total uthyrningsbar yta – 18 000 kvm 250 parkeringsplatser, laddstationer för elbilar och andra mobilitetslösningar Första hyresgästen – Försäkringskassan – 5 000 kvm, 300 anställda Grön rekreationsyta “Vi är en stor fastighetsägare i Luleå och har ett ansvar att bidra till stadens tillväxt.”

Annual report 2024A · The company itself

“Dometic har fastställt fyra kärnteknik-områden: elektronik, konnektivitet, kylning och mobil energi.”

Annual report 2024A · The company itself

“The construction of such projects is expected to take several years, is typically confined within a limited geographic area or difficult environments and could be subject to delays, supply chain disruption, availability of critical components, cost overruns, inflation, labor disputes or shortages and other factors that could cause the total cost of the project to exceed the anticipated amount.”

Annual report 2025A · The company itself

“To achieve Dominion Energy’s commitment to net zero emissions by 2050 and comply with the requirements of the VCEA and projected demand while maintaining reliability, the Companies are currently simultaneously developing or constructing several electric generation projects, including subsequent license renewal projects at nuclear facilities in Virginia and South Carolina, the CVOW Commercial Project, the Chesterfield Energy Reliability Center, several electric transmission projects and various solar projects.”

Annual report 2025A · The company itself

“INDUSTRIAL INTERMEDIATES & INFRASTRUCTURE The Industrial Intermediates & Infrastructure operating segment consists of two customer-centric global businesses - Industrial Solutions and Polyurethanes & Construction Chemicals - that develop important intermediate chemicals that are essential to manufacturing processes, as well as downstream, customized materials and formulations that use advanced development technologies. These businesses primarily produce and market ethylene oxide and propylene oxide derivatives that are aligned to market segments as diverse as appliances; coatings; furniture and bedding; building and construction; mobility; electronics; surfactants for cleaning and sanitization; infrastructure; and oil and gas.”

Annual report 2025A · The company itself

“These businesses primarily utilize the Company's acrylics-, cellulosics- and silicone-based technology platforms to serve the needs of the architectural and industrial coatings; home and personal care; consumer and electronics; mobility; industrial and chemical processing; and infrastructure (including residential and commercial buildings) end-markets.”

Annual report 2025A · The company itself

“The Performance Silicones & Specialty Materials business delivers a comprehensive portfolio of performance-enhancing products to meet the diverse needs of customers in high-growth markets, including consumer and electronics; home and personal care; industrial and chemical processing; infrastructure; and mobility.”

Annual report 2025A · The company itself

“• Andel av total försäljning: 72 procent (71) • Omsättningstillväxt: -7,7 procent (4,6), varav -9,7 procent (-2,6) organiskt • Segmentsmarginal: 3,3 procent (3,3) Dustin – destinationen Vi har ett brett utbud av hårdvara och mjukvara kompletterat med standardiserade tjänster och hållbara lösningar.”

Annual report 2024A · The company itself

“Hårdvara och mjukvara är kärnan i vår verksamhet i både Norden och Benelux.”

Annual report 2024A · The company itself

“Under de senaste åren har vi förvärvat Rehadapt, en världsledande leverantör av monteringslösningar för kommunikationshjälpmedel, och Acapela Group, en leverantör av lösningar för syntetiska röster.”

Annual report 2024A · The company itself

“Vår hårdvara omfattar touch-enheter samt enheter som styrs genom ögonstyrning och montering som stöder den mjukvara och de språksystem som är bäst lämpade för varje kund. Finansiering Vårt finansieringsteam hjälper familjer och förskrivare att navigera i processen för att få till stånd en kommunikationslösning genom offentliga eller privata finansiärer.”

Annual report 2024A · The company itself

“Comparability of Results ​ Ovivo Electronics Acquisition ​ On December 16, 2025, we acquired Ovivo’s electronics business (“Ovivo Electronics”) for total consideration of $1.6 billion in cash. Ovivo Electronics is a leading and fast-growing global provider of breakthrough ultrapure water technologies for semiconductor manufacturing.”

Annual report 2025A · The company itself

“At an operating segment level, Light & Heavy organic sales increased 2% in 2025 reflecting double-digit growth in global high-tech, improved growth in downstream and solid manufacturing sales growth, which more than offset soft end-market demand in basic industries. Global high-tech reported strong double-digit sales growth driven by data centers and microelectronics.”

Annual report 2025A · The company itself

“Our customer segmentsThis is Elanders In a world characterized by, among other things, a growing middle class, the consumption of electronics is on the rise, both for companies and consumers. This goes for everything from computers, surveillance systems and TVs to heat pumps and data centers.”

Annual report 2024A · The company itself

“However, the business area can see increased demand in the customer segments Electronics and Other.”

Annual report 2024A · The company itself

“The Group provides services starting off from the procurement of components, carrying out quality controls and just-in-time/sequence deliveries for manufacturing. When the products are finished, Elanders offers warehousing and distribution according to the customers’ wishes. A range of value-added services such as assembly of components, flashing software, country adaptation and consolidating orders are also offered. Furthermore, clients can get assistance with customs clearance, certain financial services and cross-border tax management.”

Annual report 2024A · The company itself

“Electronics — Services throughout the life cycle From component procurement to retrieval of the nished product The Electronics customer segment is one of Elanders’ largest, with several giants within electronics and IT found among its clients.”

Annual report 2024A · The company itself

“Clients demand end-toend solutions to achieve efficient handling of large volumes of products and equipment that often need to be adapted to various geographical markets and types of users. The management of spare parts, repairs and handling of discarded equipment are also increasingly handed over to a partner in today’s outsourcing market.”

Annual report 2024A · The company itself

“The company is a partner to some of the world’s leading companies in consumer electronics, communications, computing, medical technology, software and retail.”

Annual report 2024A · The company itself

“Silicon Products A leading producer of siliconbased materials, including silicon, ferrosilicon, specialty alloys based on ferrosilicon and Microsilica.”

Annual report 2024A · The company itself

“Silicon is used in silicones, aluminium alloys and polysilicon, and has a number of favourable chemical and physical properties, including semi-conductivity, making it highly versatile for numerous industrial and electronic applications.”

Annual report 2024A · The company itself

“Business model and value chain Elkem's business model and value chain focus on producing advanced silicon-based materials, and are cantered on the production and supply of advanced silicon-based materials, leveraging an integrated value chain to ensure quality and sustainability. The company operates across the entire value chain, from raw material extraction to the production of specialised products. Here are the key components: 1. Raw material sourcing : Elkem sources high-quality raw materials such as quartz, coal, and wood, which are essential for producing silicon and its derivatives.”

Annual report 2024A · The company itself

“Elkem is one of the world’s leading providers of advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities.”

Annual report 2024A · The company itself

“Vår upphandling av material och förnödenheter omfattar en rad nätverksmaterial och komponenter. Omfattningen av ansvaret för materialupphandling som vi tar på oss varierar mellan olika projekt, beroende på specifika kund- och projektkrav.”

Annual report 2024A · The company itself

“Moreover, Entergy is becoming more dependent on fewer suppliers for key parts of Entergy’s nuclear power plants that may need to be replaced or refurbished, and in some cases, parts are no longer available and have to be reverse-engineered for replacement. In addition, certain major parts have long lead-times to manufacture if an unplanned replacement is needed. This dependence on a reduced number of suppliers and long lead-times on certain major parts for unplanned replacements could result in delays in obtaining qualified replacement parts and, therefore, greater expense for certain of the Utility operating companies and System Energy.”

Annual report 2025A · The company itself

“The increase in industrial usage is primarily due to an increase in demand from large industrial customers, primarily in the primary metals, petroleum refining, chlor-alkali, and technology industries.”

Annual report 2025A · The company itself

“Teknikutvecklingen gör att nya vindkraftverk är mer effektiva, bland annat tack vare högre torn och längre rotorblad. I Sverige har den genomsnittliga installerade kapaciteten per verk ökat med drygt 0,5–0,6 MW per år de senaste åren, vilket i sig har möjliggjort vindkraftverk med allt större installerad effekt.”

Annual report 2024A · The company itself

“Den nationella modultillverkningskapaciteten växte också kraftigt och steg med hela 190 procent jämfört med föregående år till totalt 41,2 GW per år.”

Annual report 2024A · The company itself

“Eolus är en oberoende och renodlad projektutvecklare utan egen tillverkning av vindkraftverk, solcellspanel er eller batterisystem. Vi samarbetar istället med branschens främsta leverantörer utifrån våra och våra kunders krav i en modell som ger skalfördelar och flexibilitet.”

Annual report 2024A · The company itself

“Vi upphandlar anläggningsarbeten och vindkraftverk, solpaneler eller batterilager och sluter avtal med elhandlare eller stora elförbrukare om leverans av el från anläggningen över många år.”

Annual report 2024A · The company itself

“Produktionen av Beijer Electronics hårdvaruprodukter är baserad på standardkomponenter från utvalda leverantörer. Komponentförsörjningen har normaliserats, men en viktig lärdom från komponentkrisen är vikten av redundans, vilket ställer krav på att identifiera alternativa kanaler för inköp.”

Annual report 2024A · The company itself

“När den försiktigare hållning som har präglat kundernas efterfrågan under 2024 skiftar till ett mer offensivt fokus står Westermo bättre rustat än någonsin Jenny Sjödahl, VD Westermo Marknad, marknadsposition och potential Westermo tillverkar och säljer industriella switchar och routrar, industriella 4G/5G-routrar samt WLAN (WiFi)-produkter.”

Annual report 2024A · The company itself

“Innen havvind er det fremdeles krevende, med begrensninger i forsyningskjeden, kostnadsinflasjon og forsinkelser i myndighetenes saksbehandling.”

Annual report 2024A · The company itself

“In addition, we currently choose to rely on a limited number of suppliers for our vending devices, RFID technology, and IR technology used in our FASTVend and FASTBin platforms.”

Annual report 2025A · The company itself

“Supply Plan Supply Chain While supply lead times have not fully returned to levels prior to the COVID-19 pandemic, FirstEnergy continues to monitor the situation in light of demand increases across the industry, including due to data center usage, and the imposition of tariffs and retaliatory tariffs that have been, and may be, imposed by the U.S. government in response.”

Annual report 2025A · The company itself

“For example, we rely on our human capital resources for product development (including product design and coding), sales, operations (including customer service, technology support, and security) and management; access to financial and telecommunication networks; computers, servers, mainframes, microchips and other computer equipment; and Clover and other POS devices.”

Annual report 2025A · The company itself

“Product Product revenue is generated from print and card production, software license, data and analytics, and hardware (primarily POS devices) sales.”

Annual report 2025A · The company itself

“Ensuring continuity of supply of such consumables to our operations is critical to our business. We also rely on the availability of components from suppliers for key machines and equipment, which may be impacted by competition demands as well as the availability of input materials in the creation of such equipment.”

Annual report 2025A · The company itself

“Molybdenum Molybdenum is a key alloying element in steel and the raw material for several chemical-grade products used in catalysts, lubrication, smoke suppression, corrosion inhibition and pigmentation. Molybdenum-based chemicals are used to produce high-purity molybdenum metal used in electronics such as flat-panel displays and in super alloys used in aerospace.”

Annual report 2025A · The company itself

“Given our broad offering of energy technology solutions, advanced electronic components and micro-processors are now a larger supply chain consideration.”

Annual report 2025A · The company itself

“Gentian’s solution is to utilise PETIA (particle-enhanced turbidimetric immunoassay), based on proprietary nanoparticle technology and knowhow, to convert existing biomarkers to the most efficient automated, high-throughput analysers.”

Annual report 2024A · The company itself

“The current portfolio includes the Gentian Cystatin C Immunoassay (IVDR and FDA-510(k) cleared), the GCAL ® circulating calprotectin immunoassay (IVDR), the Gentian Retinol Binding Protein (RBP) Immunoassay (CE-IVDD marked, FDA exempt) and the Gentian Canine CRP. Gentian is the sole reagent manufacturer for the faecal calprotectin immunoassay, fCAL ® turbo (IVDR and FDA-510(k) cleared) in addition to the pancreatic elastase immunoassay, fPELA ® turbo (IVDR, FDA exempt).”

Annual report 2024A · The company itself

“Automotive inventory purchased from 10 major suppliers.”

Annual report 2025A · The company itself

“Motion has access to over 10 million replacement parts that are sourced from nearly 40,000 different suppliers, with approximately 45% of purchases coming from our top 50 strategic suppliers.”

Annual report 2025A · The company itself

“We depend on our suppliers to sell us quality products at favorable prices.”

Annual report 2025A · The company itself

“Beroende på produkt köper vi in antingen råmaterial (i huvudsak metaller och mineraler), processat material (så som plaster och elektronik) eller delar av produkter.”

Annual report 2024A · The company itself

“En annen faktor er at moderne biler er konstruert på en måte som gir betydelig høyere reparasjonskostnader, blant annet på grunn av et stort innslag av elektronikk og kostbare komponenter.”

Annual report 2024A · The company itself

“Topic Sub-topic/own topic Sub-sub-topic E1 Climate change Climate change mitigation Climate change adaptation Energy S1 Own workforce Equal treatment and equal opportunities for all Training and skills development Diversity Gender equality and equal pay for equal work Working conditions Health and safety Working hours Work-life balance Employee engagement (own topic) S4 Consumers and End-users Personal safety of consumers and end-users Health and safety Glaston’s customers are glass processors that supply glass products to the construction industry, automotive manufacturing, and other industries that use specialty glass.”

Annual report 2025A · The company itself

“However, ongoing world-wide supply shortage may affect cost prices and the planned in-flow of parts (incl. microchips) to Glunz & Jensen.”

Annual report 2025A · The company itself

“In addition, as we expand our presence in commerce through our GoDaddy Payments products and services, we face additional risks in payment processing due to merchant screening, merchant related fraud, hardware failures and servicing, manufacturing costs, the procurement of hardware parts and materials, and risks associated with the interface of our hardware products with third-party mobile devices.”

Annual report 2025A · The company itself

“Faktisk negativ påverkan HANZAs produktionsprocesserna har ett högt materialinnehåll, för elektronik normalt 60-70 procent och mekanik normalt 40-50 procent av tillverkningskostnaden, vilket innebär utvinning av resurser.”

Annual report 2024A · The company itself

“I början av året blev förvärvet av Orbit One AB, en av Nordens främsta elektronik tillverkare med verksamheter i Sverige och Polen, helt klart. HANZAs kapacitet och kompetens inom elektroniktillverkning utökas med förvärvet.”

Annual report 2024A · The company itself

“I januari slutförde HANZA förvärvet av Orbit One AB, en av Nordens ledande kontraktstillverkare av elektronik med verksamhet i Sverige och Polen.”

Annual report 2024A · The company itself

“Rising fuel and raw material prices, due to inflation or otherwise, for paperboard and other components such as resin used in plastics or electronic components, increased transportation and shipping costs, and increased labor costs in the markets in which our products are manufactured all may increase the costs we incur to produce and transport our products, which in turn may reduce our margins, reduce our profitability and harm our business.”

Annual report 2025A · The company itself

“Shortages in key raw materials can impact the whole industry that the Company operates in, especially in relation to high-grade carbon fiber and automotive batteries and electronic components.”

Annual report 2024A · The company itself

“We are one of the world’s leading manufacturers of high-pressure composite cylinders and fuel systems for alternative fuels.”

Annual report 2024A · The company itself

“Both sets of customers rely on Hexagon Purus’s Type 4 distribution modules for efficient transport of hydrogen for use in both mobility- and industrial applications. Industrial applications include, amongst other chemical processing, semiconductors, and food production.”

Annual report 2024A · The company itself

“Det här är Hexatronic Global närvaro, lokala affärer Omsättning MSEK Operativa enheter Antal anställda 10,6% EBITA-marginal Hexatronic Group är en ledande leverantör av fiberoptiska kablar och lösningar till kunder runt om i världen.”

Annual report 2024A · The company itself

“HEXPOL Compounding utvecklar kontinuerligt tekniken för att framställa extremt rena rubber compounds. • Ledande position i Europa och Nordamerika • Lönsam nischposition i Kina HEXPOL High Performance Compounding erbjuder applikationer som är väderresistenta, elektriskt isolerande, tål kraftiga temperaturväxlingar och har låg vikt.”

Annual report 2024A · The company itself

“Yhtiön valmistamien tuotteiden tuoteturvallisuustaso on korkea ja tuotteet valmistetaan sertifioiduissa tuotantolaitoksissa. GFSI (Global Food Safety Initiative) -vaatimusten mukainen sertifioitu elintarviketurvallisuuden johtamisjärjestelmä edistää tuoteturvallisuuden ja laatuvaatimusten toteutumista.”

Annual report 2025A · The company itself

“26 HMS NETWORKS ÅRSREDOVISNING 2024 FOKUSOMRÅDE PEOPLE Tydligt fokus på nöjda kunder 2021 54 2022 38 2023 27 Customer Net Promoter Score (cNPS)    2024 Efter flera år med komponentbrist och medföljande leveransproblem har vi nu återfått vår goda leveransförmåga vilket också resulterat i en högre kundnöjdhet.”

Annual report 2024A · The company itself

“HMS – ett ledande företag inom industriell ICT(Information & Communication Technology) HMS utvecklar och tillverkar mjukvara och hårdvara för industriell informations- och kommunikationsteknik.”

Annual report 2024A · The company itself

“Våra produkter gör det möjligt för industriell hårdvara som robotar, sensorer, luftkonditioneringsenheter m.m. att kommunicera och dela information med olika industriella nätverk, system för byggnadsautomation och IoT-applikationer.”

Annual report 2024A · The company itself

“The core competencies of IDEX Biometrics are characterized by deep domain expertise and a multi-disciplined, systems engineering approach, and build on organizational strengths in the following domains: biometric imaging and processing, sensor architectures, integrated circuit design, materials, manufacturing, and packaging, algorithm, firmware, and software development, encryption technologies, NFC and power management and industrial design.”

Annual report 2024A · The company itself

“Products in this segment include: •equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids; •electronic assembly equipment; •electronic components and component packaging; •static control equipment and consumables used for contamination control in clean room environments; and •pressure sensitive adhesives and components for electronics, medical, transportation and telecommunications applications.”

Annual report 2025A · The company itself

“With respect to our direct market access brokerage business, the market for electronic and interactive bidding, offering and trading services in connection with equities, options and futures is rapidly evolving and intensely competitive.”

Annual report 2025A · The company itself

“COVID-19 has in the past resulted, and another pandemic or public health emergency could in the future result, in disruptions to global supply chains, which could negatively affect the flow or availability of certain hardware and related products for technology that we need to operate our business effectively and efficiently. Our inability to acquire suitable hardware and related products on acceptable terms or the loss of key suppliers could negatively affect our business.”

Annual report 2025A · The company itself

“• Under 2022 påverkades Husqvarna negativt av komponentbrist och svagare konsumentefterfrågan.”

Annual report 2022A · The company itself

“Mkr 20222021202020192018201720162015 10000 20000 30000 40000 50000 60000 Mölnlycke • Den organiska omsättningstillväxten uppgick till 4 procent i konstant valuta, främst drivet av Wound Care och Gloves. • EBITA-marginalen sjönk, drivet av högre kostnader för råvaror och frakt, produktionsstörningar i den amerikanska Wound Care fabriken, upprampningen av den nya Glovesfabriken i Kulim, Malaysia, samt betydande investeringar för att ytterligare stärka marknadspositionerna och driva hållbar tillväxt.”

Annual report 2022A · The company itself

“Our prioritised customer segments We have prioritised four global segments where ISS can best leverage its strengths, and our focus on workplace experience creates the greatest value. These segments comprise knowledge-based industries, where attracting and engaging talent is critical to success: Financial services Professional services Technology Life sciences To maximise growth across ISS’s full portfolio, countries may also pursue opportunities outside these global segments, based on local capabilities, market conditions and attractive business cases.”

Annual report 2025A · The company itself

“At Kempower, product safety and sustainability are integrated in the product design process. All products comply with their relevant health and safety directives globally and in the European Union, such as the Low Voltage and Radio Equipment directives, as well as the RoHS and REACH directives on hazardous substances and chemical safety, respectively. Additionally, Kempower’s products meet the requirements of the IEC 61851 standard family for EV charging systems.”

Annual report 2025A · The company itself

“IT-utstyr inkluderer vanligvis plast, gummi og små mengder edle metaller som nikkel (Ni), kobolt (Co) og kobber (Cu).”

Annual report 2024A · The company itself

“Konsekvensen er at fysiske produkter som er utviklet og designet, lastet med KONGSBERG-programvare og algoritmer, og som selges under KONGSBERG-varemerke, også må være produsert av oss for å være Omfattet.”

Annual report 2024A · The company itself

“In addition, we are required to procure certain materials and components, including microelectronic components, from U.S. Government-approved supply sources.”

Annual report 2025A · The company itself

“Furthermore, from time to time, manufacturers discontinue or recall reagents, test kits, or instruments used by the Company to perform laboratory testing. Such discontinuations or recalls could adversely impact the Company’s costs, testing volume and revenue.”

Annual report 2025A · The company itself

“Our success also depends on our continued access to suppliers of important technologies and components. Many of our contracts contain performance obligations that require innovative design capabilities, are technologically complex, or depend on factors not wholly within our control. Problems and delays in development or delivery as a result of issues with respect to design, technology, licensing and patent rights, labor, learning curve assumptions, or materials and components could prevent us from achieving such contractual requirements.”

Annual report 2026A · The company itself

“We serve these two end markets with a broad portfolio of semiconductor solutions based on our compute, networking, security, interconnects, and storage technologies, which are essential and differentiating for these markets.”

Annual report 2026A · The company itself

“In addition, we own a number of patents and patent applications relating to payment solutions, transaction processing, smart cards, contactless, mobile, biometrics, AI, security systems, blockchain and other technologies, which are important to our business operations.”

Annual report 2025A · The company itself

“Our North American Pharmaceutical segment distributes branded, generic, specialty, biosimilar and over-the-counter (“OTC”) pharmaceutical drugs, and other healthcare-related products to customers in the United States (“U.S.”) and Canada.”

Annual report 2026A · The company itself

“North American Pharmaceutical Segment: Our North American Pharmaceutical segment provides distribution and logistics services for branded, generic, specialty, biosimilar, and OTC pharmaceutical drugs along with other healthcare-related products to customers in the U.S. and Canada.”

Annual report 2026A · The company itself

“•Prescription Technology Solutions segment combines automation and our ability to navigate the healthcare ecosystem to connect patients, pharmacies, providers, pharmacy benefit managers, health plans, and biopharma companies to address patients’ medication access, affordability, and adherence challenges.”

Annual report 2026A · The company itself

“Medicinteknik hade generellt sett god efterfrågan för affärsområdets fyra bolag som är verksamma inom EKGsystem (Cardiolex); Komponenter till röntgensystem (Multi-Ply); Nutrition och Probiotika-produktion (Inpac); samt Produkter för ultraren luft till operationsrum (Toul Meditech).”

Annual report 2024A · The company itself

“We have generally been able to obtain adequate supplies of such raw materials, components and services, although global shortages of certain components such as semiconductors and resins have previously caused, and may in the future cause, disruptions to our product manufacturing supply chain.”

Annual report 2026A · The company itself

“Additionally, Metso’s minerals offering includes material handling equipment and slurry pumps, as well as an extensive selection of spare and wear parts and services.”

Annual report 2025A · The company itself

“When outside manufacturing is more efficient, we contract with other manufacturers for certain non-proprietary components. We use a wide range of suppliers.”

Annual report 2025A · The company itself

“Competition The semiconductor industry is intensely competitive and has historically been characterized by price erosion and rapid technological change. We compete with major domestic and international semiconductor companies, some of which have greater market recognition and greater financial, technical, marketing, distribution and other resources than we have with which to pursue engineering, manufacturing, marketing and distribution of their products.”

Annual report 2026A · The company itself

“Intense competition in the markets we serve may lead to pricing pressures, reduced sales or reduced market share. The semiconductor industry is intensely competitive and faces price erosion and rapid technological change.”

Annual report 2026A · The company itself

“Historically, average selling prices in the semiconductor industry decrease over the life of a product. The average selling prices of our mixed-signal microcontroller, FPGA products, and proprietary products in our analog product line have remained relatively constant over time, while average selling prices of our memory and non-proprietary products in our analog product line have declined over time.”

Annual report 2026A · The company itself

“We have experienced, and may experience in the future, pricing declines in certain of our proprietary product lines, primarily due to competitive conditions.”

Annual report 2026A · The company itself

“Increases in worldwide supply of semiconductor products, if not accompanied by commensurate increases in demand, could lead to declines in average selling prices for our products, and could materially adversely affect our business, results of operations, or financial condition.”

Annual report 2026A · The company itself

“For example, as memory manufacturers transition to more advanced products, availability of the memory components we use may become constrained, have longer lead times, or become more expensive.”

Annual report 2026A · The company itself

“We believe that our mixed-signal microcontroller product families provide leading function and performance characteristics in the worldwide market.”

Annual report 2026A · The company itself

“VERKSAMHETEN Midsummer AB (”Midsummer”, ”Bolaget” eller ”Koncernen”) har en världsledande teknologi för tillverkning av solcellstak och solpaneler, samt av produktionsutrustning för solceller.”

Annual report 2024A · The company itself

“MilDef är en fullspektrumleverantör av ruggade elektronikprodukter, kompletta hårdvarusystem samt mjukvara och tjänster till försvar och säkerhet.”

Annual report 2024A · The company itself

“Vi är specialiserade på vissa produktsegment för att kunna erbjuda ett brett och djupt produktsortiment i kombination med expertis och värdeskapande tjänster.”

Annual report 2024A · The company itself

“Transaction revenue increased $144 million compared to the prior year, which primarily reflected: –higher issuance activity for investment-grade bonds, which reflected continued tight credit spreads and investor demand for higher quality credits, and includes the impact of several jumbo transactions in the technology sector; and –higher issuance activity for high-yield bonds as issuers took advantage of favorable conditions, including tight spreads and lower interest rates, primarily to refinance debt.”

Annual report 2025A · The company itself

“Luftbefuktning är ett annat fokusområde som växer genom industriella investeringar inom segment som datacenter, elektronik och fordon.”

Annual report 2024A · The company itself

“Inom fibernät omfattar inköpen fiberkabel, kopplingsskåp och anslutningsboxar.”

Annual report 2024A · The company itself

“Erbjudandet omfattar design, planering, konstruktion och underhåll av eldistributionsnät upp till 400 kV.”

Annual report 2024A · The company itself

“Certain sectors of the economy account for a significant portion of the Company’s advertising revenues, including retail, technology and finance.”

Annual report 2026A · The company itself

“The company has a diversified customer base, which includes Biometric technology companies, POS manufacturers, biometric HW manufacturers and Government ID providers.”

Annual report 2024A · The company itself

“Nuclear facilities placed in service before August 16, 2022, are eligible for a PTC of $3/MWh (increased to $15/MWh if certain prevailing wage requirements are satisfied) for electricity produced and sold after 2023 and before 2033. The PTC for these nuclear facilities begins to phase out when gross receipts from electricity produced by the nuclear facility exceed $25/MWh and is completely phased out when gross receipts exceed $43.75/MWh (subject to an annual inflation factor).”

Annual report 2025A · The company itself

“For example, the ability of NEE and FPL to develop certain generation and storage facilities is dependent on the international supply chain for generation equipment, batteries and other associated equipment, and governmental or regulatory actions have caused 26 Table of Contents minor, and could in the future cause material, disruptions in the ability of NEE and FPL to acquire certain generation equipment and batteries on time and at acceptable costs.”

Annual report 2025A · The company itself

“In addition, FPL owned, or had undivided interests in, and operated four nuclear units with net generating capacity totaling 3,502 MW (see Nuclear Operations below) and had a joint ownership interest in a coal unit located in Georgia, which is operated by the joint owner, with a net generating capacity of 215 MW (see Note 7 – Jointly-Owned Electric Plants).”

Annual report 2025A · The company itself

“Nuclear Facilities As of December 31, 2025, NextEra Energy Resources was the sole owner of the two Point Beach nuclear units shown in the table below and was the largest joint owner of the Seabrook nuclear facility shown in the table below.”

Annual report 2025A · The company itself

“NIBEClimateSolutionsharunder2024,trotsdenkraftigainbromsningen i värmepumpsmarknaden i Europa och parallellt med genomförandet av åtgärdsprogrammet, planenligt och på ett imponerande sätt genomfört planerade produktlanseringar och investeringariutvecklingochproduktion. Inom värmepumpssegmentet har flera nya modeller med det naturligaköldmedietR290(propan)introduceratsliksomnyastyrfunktionervilkadrarnyttaavArtificiellIntelligens,AI.Påmarknaden förkommersiellafastigheterharbland annatettheltnyttventilationssortimentundervarumärketNIBE Flowintroducerats.”

Annual report 2024A · The company itself

“Koordineradeinköp,bådeinomrespektiveaffärsområdeochmellan affärsområdena,geruppenbarafördelarsomeffektivresursanvändning och sänkta kostnader. Samarbete med nyförvärvade bolag inleds omgående efter att förvärvet genomförts för att snabbt kunnasänkasåväldirektasomindirektakostnader.  Aktiv,offensivochframgångsrikproduktutvecklingärenförutsättningförvårtillväxtochexpansioninomsamtligatreaffärsområden.”

Annual report 2024A · The company itself

“Den adresserbara marknaden för NIBE Elements produktområdenbedömsidagslägetuppgåtillcirka 160miljarderkronor.”

Annual report 2024A · The company itself

“NIBE Element är en kvalitetsleverantör som erbjuder ett brett utbud av komponenter med lång livslängd och intelligenta lösningar för uppvärmning och styrning för optimal    tillval av mätning och styrning, liksom tester och simuleringar i kundernas produktutvecklings-  > NIBE ELEMENT > ÅRSREDOVISNING 2024 NIBE INDUSTRIER AB · 51 · TEMPERATURSENSORER Förindustriellstyrningochmätning inomhalvledar-,sol-,medicin-och rymdindustrin.”

Annual report 2024A · The company itself

“Affärsområdetsomsättning reducerades med 17,0%till 26 037 miljoner kronor och det justerade rörelseresultatet blev 2 425 miljoner kronor.Dettamotsvararenrörelsemarginalpå9,3%.”

Annual report 2024A · The company itself

“Affärsområdet NIBE Element har också upplevt en tillbakagång i omsättning men inte i samma storleksordning som NIBE Climate Solutions. Inom marknadssegmentet för komponenter till värmepumpar har nedgången av lätt insedda skäl varit kraftig medan marknadssegmenten avseende exempelvis halvledare, värme respektive ventilation haft en bättre utveckling. Affärsområdets storainternationellanärvaro,samtdenstorabreddenavprodukter ochverksamheter,harocksåbidragittillattkompenseranedgången inomvärmepumpssegmentet.”

Annual report 2024A · The company itself

“Inom halvledarsegmentet har vi konstaterat en successiv förbättring av efterfrågan under hela 2024, vilken vi bedömer kommer att fortsätta även under 2025. > NIBE ELEMENT > ÅRSREDOVISNING 2024 NIBE INDUSTRIER AB · 43 · Vår verksamhet Vår verksamhet fortsätter att påverkas positivt av utvecklingeninomenergi-ochmiljöområdet.Denna utveckling driver vår affär som riktas mot behovet av att göra slutprodukterna mer energieffektiva och anpassade till ökade krav på minskad klimatpåverkan. Dettaärisynnerhet aktuelltibranscher somocksåärinriktadepåhållbarutvecklingsåsom vindkraft, värmepumpar, spårbundna transporter samt el- och hybridfordon. I takt med att kraven på ökad energieffektivitet, drivet av nya lagar och direktiv, kan nu också kategorin traditionella vitvaru-ochhushållsmaskineradderastilldessatyp avprodukter. Ävendenpågåendedigitaliseringenärenpåtaglig drivkraft,bådevadgällerfunktionivåralösningaroch efterfråganinomhalvledarindustrin. Vår inriktning mot att öka vårt förädlingsvärde genomattocksålevereraintelligentstyrningtillvåra produkterharhaftenfortsattstarkutvecklingunder året. Detta gäller flera viktiga marknadssegment så somhalvledar-ochfordonsindustrinsamtbranscher förolikaformeravenergilösningar.”

Annual report 2024A · The company itself

“EMC) uppvisade stark tillväxt jämfört med föregående år, speciellt andra halvåret.”

Annual report 2024A · The company itself

“Säkerhetsprodukter till hemmet är ett växande område med kunder som lanserat nya sensorer och kameror. Det finns ett växande behov av inbyggd elektronik och IoT, vilket driver en större efterfrågan på kompletta säkerhetsprodukter jämfört med tidigare.”

Annual report 2024A · The company itself

“Marknadsområdet Materials (tidigare EMC & Thermal) är en marknadsnisch där Nolato utvecklat specialiserat material och komponenter för värmeavledning, tätning, dämpning och skärmning av elektronik.”

Annual report 2024A · The company itself

“Många av affärsområdets leveranser innefattar nu elektronik, vilket stärker Materials betydelse i kundrelationerna. Detta gör att Nolato kan ta sig an komplexa produktioner och skapa merförsäljning genom att erbjuda helhetslösningar, från skärmning och värmeavledning till integration av elektronik, formsprutning och montage.”

Annual report 2024A · The company itself

“Materials har en stark global position på marknaden eftersom erbjudandet är applicerbart inom många av Nolatos marknadsområden där elektronik är integrerat i en produkt på något sätt.”

Annual report 2024A · The company itself

“Materials erbjudande delas in i områdena skärmning (EMC) och värmeavledning (Thermal). Applikationsområdena är många och gäller allt från telekom till konsumentelektronik och medicintekniska produkter där det exempelvis finns ett kretskort integrerat i apparaturen.”

Annual report 2024A · The company itself

“Globala företag inom Fordon och Industri som exempelvis: › Bosch › Brose › Continental › Geberit › Husqvarna › Kinnarps Globala företag inom Konsumentelektronik och Materials som exempelvis: › Bosch › Delphi › Dyson › Ericsson › Google › Gore › Harman › Huawei › Jabra › Nokia › PSS › Sonos › Sony › Magna › Verisure › ZTE › MCT Brattberg › Scania › SKF › Volvo › Volvo Cars Produkter Produktlivscykel: Medel/lång Exempel på områden och produkter Fordon Komponenter till laddboxar, exteriöra detaljer, fläktkomponenter, packningar och inredning.”

Annual report 2024A · The company itself

“Nordic Semiconductor (Nordic or "the Group") is a fabless semiconductor company designing, marketing, selling, and supporting hardware products, embedded software, and cloud-based services enabling wireless connectivity solutions.”

Annual report 2024A · The company itself

“Our nRF54 Series SoCs (Systems-on-Chip) define a new era in terms of performance, offering a giant leap forward in our offering and outclassing the competition. Compared to the nRF52 Series which currently dominates our revenue, the nRF54L Series offers more than twice the processing power with less than half the power consumption, while the even more advanced nRF54H Series is five times as powerful and around six times as energy efficient. These numbers outperform the best general-purpose MCUs or SoCs on the market today.”

Annual report 2024A · The company itself

“The nRF54 Series was launched with the well-known nRF54L15 SoC to the broad market in November, accompanied by two new additions, the nRF54L10 and nRF54L05, allowing the company to support a wider range of Bluetooth LE and IoT applications with greater flexibility. By the end of the year, the multi-award winning nRF54H Series also saw its first volume shipments to early adopters. These fourthgeneration ultra-low power wireless SoCs represent a significant leap forward, bringing enhanced efficiency and exceptional processing power, while lowering power consumption, outstanding radio performance, and extending performance and flexibility across the widest range of IoT applications.”

Annual report 2024A · The company itself

“One of the most notable launches was the award-winning nRF9151 SiP, the smallest and lowest-power System-in- Package (SiP) for LTE-M/NB-IoT and DECT NR+. This fully integrated, pre-certified SiP is designed to simplify development across massive IoT markets, such as industrial automation, asset tracking, smart metering, and smart agriculture.”

Annual report 2024A · The company itself

“Nordic products are electronic components that are assembled by our customers as part of their end products. Nordic has several hundred customers, and there are large differences in our customers' production processes (their production line size, efficiency, location, end product design, other components and materials in design, and potential end product programming and testing).”

Annual report 2024A · The company itself

“The majority of Nordic's business activities involve designing connectivity chips that enable smart solutions through a variety of applications. As a chip designer, Nordic has outsourced the production process, meaning that very few activities are maintained in-house related to actual production.”

Annual report 2024A · The company itself

“The Short-Range business unit remains the most mature and established, featuring market-leading solutions, longstanding relationships with global customers, and worldclass customer support.”

Annual report 2024A · The company itself

“The Long-Range business unit is scaling up, aiming to expand market penetration in asset tracking, metering, and industrial IoT. A key milestone in this strategy was the successful launch of the nRF9151 SiP in August, the lowestpower cellular IoT solution with industry-leading battery life.”

Annual report 2024A · The company itself

“A portion of our product sales is attributable to industries and markets, such as the electronics, polymer processing, agriculture and metal finishing industries, which historically have been cyclical and sensitive to relative changes in supply and demand and general economic conditions. The demand for our products depends, in part, on the general economic conditions of the industries or national economies of our customers. Downward economic cycles in our customers’ industries or markets may reduce sales of some of our products.”

Annual report 2025A · The company itself

“Principal materials include sheet metal, fabricated metal parts, bar stock, castings, forgings, tubing, plastic parts and pellets. We also purchase many electrical and electronic components, high-pressure fluid hoses, packings, seals, and other items integral to our products.”

Annual report 2025A · The company itself

“The ATS organic sales increase of 4.1 percent was driven by robust growth in electronics dispense product lines and electronic processing and optical sensors, partially offset by weakness in x-ray inspection systems.”

Annual report 2025A · The company itself

“This segment includes components and device solutions for medical, life science, high-tech industrial, and other diverse end markets. •Engineered Fluid Solutions – Precision manual and semi-automated dispensers and highly engineered single-use plastic molded syringes, cartridges, tips and fluid connection components. Products are used within critical medical and industrial production processes and for applying and controlling the flow of adhesives, sealants, and lubricants.”

Annual report 2025A · The company itself

“Advanced Technology Solutions This segment integrates our proprietary product technologies into the progressive stages of a customer’s production processes, such as surface treatment, precisely controlled dispensing of material, and pre- and post-dispense test and inspection to ensure quality. This segment predominantly serves customers in the semiconductor and electronics end markets. •Electronics Dispense Systems – Automated dispensing systems for high-speed, precise application of a broad range of attachment, protection, and coating fluids, and related gas plasma treatment systems for cleaning and conditioning surfaces prior to dispense.”

Annual report 2025A · The company itself

“•Test and Inspection – Destructive and non-destructive testing technologies, such as bond testers and automated optical, acoustic microscopy and x-ray inspection systems used in the semiconductor and printed circuit board industries. Products also include precision measurement and control technologies that ensure quality and reliability through in-line measurement sensors, gauges, and analyzers that use near-infrared, laser, X-ray, optical, and nucleonic technologies, as well as proprietary algorithms and software.”

Annual report 2025A · The company itself

“Investment solutions are delivered through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. Asset Management’s capabilities include active and passive equity; active and passive fixed income; cash management; multi-asset and alternative asset classes (such as private equity and hedge funds of funds); and multi-manager advisory services and products.”

Annual report 2025A · The company itself

“TABLE 20: OTHER NONINTEREST INCOME Treasury Management Fees Other Operating Income 207.7 1,157.4 228.7 (82) N/M Investment Security Gains (Losses), net — (189.3) (169.5) N/M 12 Total Other Noninterest Income $ 657.6 $ 1,385.5 $ 429.7 (53) % N/M Security Commissions and Trading Income Security Commissions and Trading Income, generated primarily from securities brokerage services provided by Northern Trust Securities, Inc., increased in 2025 from 2024, primarily driven by higher revenue from growth in outsourced trading activity.”

Annual report 2025A · The company itself

“The Company is dependent upon suppliers, predominantly from the EU and the US, for the sourcing and provision of aircraft, aviation fuels, components and related aviation services.”

Annual report 2024A · The company itself

“This year, we continued to push boundaries with developments in wellbore cleanup tools, as well as entering into a strategic cooperation agreement with Reelwell AS. This partnership enables us to supply the DualLink powered wired pipe technology to projects in the North Sea, further reinforcing our commitment to delivering cutting-edge technology.”

Annual report 2024A · The company itself

“Segment Overview Well Services Well Services provides technology for hands-free tubular running operations, high specification drilling tubulars and downhole tools. In addition, we have a vast inventory of equipment and our in-house engineering is specialised in the development of new technology.”

Annual report 2024A · The company itself

“Products are often replaced by more technologically advanced substitutes and, as demand for older technology falls, the price at which such products can be sold drops. If we cannot advance our process technologies or improve our production efficiencies to a degree sufficient to maintain required margins, we will not be able to make a profit from the sale of older products.”

Annual report 2025A · The company itself

“The semiconductor industry requires substantial investment in research and development in order to develop and bring to market enhanced technologies and products. The development of new products is complex and time-consuming, often requiring significant capital investment and lead time for development and testing. We cannot assure you that we will have sufficient resources to maintain the level of investment in research and development required to remain competitive.”

Annual report 2025A · The company itself

“Revenue-Generating Activities onsemi generates revenue primarily from the sale of semiconductor products to distributors and direct customers.”

Annual report 2025A · The company itself

“A central focus of our portfolio is intelligent power technology based on silicon, silicon carbide, and GaN. These wide bandgap technologies are designed and manufactured by onsemi and supplied to customers in multiple forms, including bare die, packaged discrete products, and complete power modules.”

Annual report 2025A · The company itself

“Additionally, we rely on computer hardware purchased in order to deliver our platforms and services.”

Annual report 2025A · The company itself

“Raw materials The principal materials we use in manufacturing our products are mild steel, stainless steel, electronic components (including drives and motors), plastics (resins, fiberglass, epoxies), metals and paint (powder and liquid).”

Annual report 2025A · The company itself

“Additionally, we purchase electronic devices, which are made by various electronic manufacturing services providers ("EMS"). The components used in the assembly of these devices can be made by the EMS or purchased from other suppliers. These components include mechanical parts, electrical and electromechanical components, batteries, semiconductors, and packaging materials.”

Annual report 2025A · The company itself

“Our cost of sales consists primarily of: tobacco leaf, non-tobacco raw materials, labor and manufacturing costs; shipping and handling costs; and the cost of devices produced by third-party electronics manufacturing service providers.”

Annual report 2025A · The company itself

“PMI's heat-not-burn products include licensed KT&G heat-not-burn products.”

Annual report 2025A · The company itself

“Additionally, as APS’s transmission infrastructure ages and its transmission system needs to grow to support growth in our territory and in the Southwest, it will need to replace and expand certain portions of its transmission infrastructure, which requires significant investment of capital. Risks related to the timely completion of, and costs associated with, these projects may be exacerbated by a constrained supply chain limiting the availability of necessary parts and materials as well as APS’s use, in some cases, of older, obsolete, or unsupported equipment.”

Annual report 2025A · The company itself

“Vi ser en fortsatt stark efterfrågan inom våra tillväxtområden – energi, elektrifiering, försvar, inbyggda system och cybersäkerhet.”

Annual report 2024A · The company itself

“Vi i bland annat hållbarhet, digitalisering och automati- Vårt fokus inkluderar bioteknik, medicinteknik och Produktutveckling integrerar avancerad elektronik, design, förser den globala markmjukvara och hållbarhetsaspekter. Prevas erbjuder teknisk expertis och affärs- Nordens försvarsindustri Energibranschen har en avgörande roll för att Norden dustrin påverkas av flera Fordons- och transportin- För Prevas är det viktigt att vara med och fortsätta utveckla framtidens Prevas har lång erfarenhet av konsulttjänster inom mobila nät och bidrar med viktig expertis inom radionära funktioner.”

Annual report 2024A · The company itself

“Vårt fokus på försäljning av värdeskapande lösningar ihop med vårt kontinuerliga arbete med att sänka kostnader för komponenter och produktion innebär en fortsatt höjning av vår bruttomarginal, som för helåret är upp hela 5 procentenheter jämfört med föregående år.”

Annual report 2024A · The company itself

“Bolaget använder även standardkomponenter så långt det är möjligt.”

Annual report 2024A · The company itself

“Bolaget levererar sina lösningar till stora och välkända detaljhandelskedjor inom olika segment, såsom dagligvaruhandel, bygghandel, elektronik och fackhandel.”

Annual report 2024A · The company itself

“It also offers appliance services and repairs to customers throughout its service territory and invests in regulated solar generation projects and regulated energy efficiency (EE) and related programs in New Jersey. • PSEG Power—A Delaware limited liability company formed in 1999 as a result of the deregulation and restructuring of the electric power industry in New Jersey. PSEG Power earns revenues primarily by selling energy and capacity from its nuclear generation units and from the sale of wholesale natural gas through a full-requirements contract with PSE&G. PSEG Power also enters into bilateral contracts for energy, gas and other energy-related contracts to optimize the value of its portfolio of generating assets and its gas supply obligations.”

Annual report unknown yearA · The company itself

“IAR’s deep exper‑ tise in microcontroller (MCU) development strengthens our position in the fast‑growing MCU market, while their strong presence in safety‑critical systems creates new growth opportunities for our Software Quality Solutions (SQS) busi‑ ness.”

Annual report 2025A · The company itself

“We launched support for NVIDIA CUDA Safety and coding guidelines in our Axivion toolset, part of our SQS offering.”

Annual report 2025A · The company itself

“These development efforts may require significant investments in talent and infrastructure, including access to specialized resources such as graphical processing units.”

Annual report 2025A · The company itself

“◦The chemagic® 360 instrument is a flexible solution for automated nucleic acid isolation from 0.5-18 ml sample volumes of diverse sample materials. The chemagic 360-D instrument (IVDR) and chemagic Prime™ Jr-D instrument (IVDR), together with the chemagic® IVD kits, are the optimal choice for automated IVDR compliant nucleic acid isolation for clinical diagnostics. ◦The Oxford Immunotec T-SPOT® Technology platform, a modified ELISPOT used to detect a T cell immune response to infection. ◦The Oxford Immunotec T-SPOT.TB test, an in vitro diagnostic test for the detection of effector T cells that respond to stimulation by mycobacterium tuberculosis antigens by capturing interferon gamma in the vicinity of T cells in human whole blood. It is intended for use as an aid in the diagnosis of tuberculosis infection.”

Annual report 2025A · The company itself

“◦The EUROStar™ IV Plus microscope, a model of Euroimmun's successful LED microscope series for convenient manual fluorescence microscopy with attractive new features for easy and ergonomic manual microscopy. ◦The IDS-i10™ compact random-access solution for the processing of ChLIA in the field of autoimmune and infection diagnostics as well as antigen detection, providing sample throughput of up to 170 tests per hour. ◦IDS-iSYS™ multi-discipline automated system is a compact automation solution for the processing of ChLIA in the field of autoimmune, infection and allergy diagnostics as well as antigen detection, providing sample throughput of up to 120 samples per hour. ◦MyFoodProfile™ immunoblots for the determination of IgG and IgE reactivity against more than 200 foods (CE-marked).”

Annual report 2025A · The company itself

“Revenue Recognition Transaction-Based Revenues We primarily earn transaction-based revenues from routing user orders for options, cryptocurrencies, and equities to market makers when the performance obligation is satisfied, which is at the point in time when a routed order is executed by the market maker. Acting as the agent of the user, we facilitate the purchase and sale of options, cryptocurrencies, and equities through our platforms. Options, cryptocurrencies, and equities transactions are primarily routed through market makers, who are responsible for trade execution.”

Annual report 2025A · The company itself

“Our business requires that we buy equipment, components, services including finished products, electronic components, and commodities. Our reliance on suppliers involves certain risks, including: •shortages of components, commodities, or other materials, which could adversely affect our manufacturing efficiencies and ability to make timely delivery of our products, solutions, and services; •changes in the cost of these purchases due to inflation, exchange rate fluctuations, taxes, tariffs, commodity market volatility, or other factors that affect our suppliers; •poor quality or an insecure supply chain, which could adversely affect the reliability and reputation of our hardware and software products, solutions, and services; •embargoes, sanctions, and other trade restrictions that may affect our ability to purchase components, commodities, or other materials, including rare earth minerals, from various suppliers; and •intellectual property risks such as challenges to ownership of rights or alleged infringement by suppliers.”

Annual report 2025A · The company itself

“We also maintain several single-source supplier relationships because either alternative sources are not available, or the relationship is advantageous due to performance, quality, support, delivery, capacity, or price considerations. Unavailability of, or delivery delays for, single-source components or products could adversely affect our ability to ship the related products in a timely manner.”

Annual report 2025A · The company itself

“Major markets served by all segments consist of discrete end markets (e.g., Automotive including Electric Vehicle and Battery, Semiconductor, and e-Commerce & Warehouse Automation), hybrid end markets (e.g., Food & Beverage, Life Sciences, and Tire), and process end markets (e.g., Energy, Mining, and Chemicals).”

Annual report 2025A · The company itself

“Earth Observation Services (partnerships) In addition, Rovsing develops software solutions, including solutions based on specific customer specifications, and performs independent software verification/validation (ISVV) for critical mission related software developed by third parties.”

Annual report 2025A · The company itself

“Delivery of state-of-the-art vessels, and fleet upgrade and maintenance We place a strong focus on innovation, which we seek to achieve by introducing new concepts on our new ships and continuously making improvements to our existing fleet, such as large-scale atriums, double hulls for increased safety, and advanced steel structures. We are expanding our innovation efforts to cover multiple fronts, including naval and architectural design, guest facing features, energy efficiency, sustainability, and safety.”

Annual report 2025A · The company itself

“In Learning, earnings improved driven by the higher share of learning content sales as well as a more digital sales mix and consequently lower paper and printing costs.”

Annual report 2025A · The company itself

“Scanfil conducts climate risk assessments of geographical locations and parameters connected to a heightened risk of adverse risks and impacts taking into consideration that a majority of the sourcing base of electronic components is in potential risk areas, where scenarios are based on information from the IPCC.”

Annual report 2025A · The company itself

“Most operations fall under NACE code 26 (computers, electronic, and optical products), which is not yet covered by the initial Delegated Act on Climate.”

Annual report 2025A · The company itself

“Scanfil sources most of the purchased goods and services in the form of materials and components that are used in the manufacturing of customer-designed products and sub-assemblies. These include system integration, printed circuit board assembly (PCBA), and box builds.”

Annual report 2025A · The company itself

“Försäljningen av teknik och säkerhetslösningar uppgick till 53 167 MSEK (50 514) eller 33 procent (32) av total försäljning för helåret.”

Annual report 2024A · The company itself

“Försäljningen av teknik och säkerhetslösningar uppgick till 24 064 MSEK (22 704) eller 37 procent (36) av total försäljning i affärssegmentet med en valutajusterad försäljningstillväxt på 7 procent (42) för helåret.”

Annual report 2024A · The company itself

“Försäljningen av teknik och säkerhetslösningar uppgick till 23 027 MSEK (22 063) eller 33 procent (33) av total försäljning i affärssegmentet, med valutajusterad försäljningstillväxt på 6 procent (34) för helåret.”

Annual report 2024A · The company itself

“Organisk försäljningstillväxt i Spanien var 6 procent (5), stöttad av försäljning inom teknik och säkerhetslösningar samt av prishöjningar.”

Annual report 2024A · The company itself

“Försäljningen av teknik och säkerhetslösningar uppgick till 5 322 MSEK (5 011) eller 36 procent (32) av total försäljning i affärssegmentet, med valutajusterad försäljningstillväxt på 7 procent (9) för helåret.”

Annual report 2024A · The company itself

“Vår affärsmodell är motståndskraftig och vi skapar operativt värdeskapande genom tillväxt inom teknik och säkerhetslösningar, förbättrad lönsamhet i portföljen för säkerhetslösningar, kostnadseffektivitet och digital innovation.”

Annual report 2024A · The company itself

“Teknik och säkerhetslösningar omfattar två kategorier. Teknik omfattar försäljning av larminstallationer, inklusive design och installation (tid, material och liknande kostnader).”

Annual report 2024A · The company itself

“Our ability to incorporate AI technology into our products depends on the availability, performance and pricing of third-party hardware and software equipment and technical infrastructure.”

Annual report 2025A · The company itself

“Detta inkluderar kostnader för sålda tjänster, som främst är kostnader som betalas till operatörer och som rör hostingtjänster. Här ser vi en möjlighet att öka effektiviteten genom automatisering, AI och förbättrade supportsystem.”

Annual report 2024A · The company itself

“Vi anser att våra fotonikoch trådlösa teknologier och produkter är avgörande möjliggörare för en grönare dataekonomi, då vi hjälper våra kunder att lösa viktiga utmaningar vid implementering.  AI-datacenter & SATCOM Även om de två sekulära trenderna har potential att förändra infrastrukturlandskapet inom flera marknadssegment, har vi valt att fokusera våra investeringar på två ”momentum”-segment: AI-datacenter och SATCOM (terminaler och satelliter).”

Annual report 2024A · The company itself

“Våra teknologier inom fotoniklaser och RF-riktantenner har visat mycket god passform för produkter och applikationer, med starka värdeerbjudanden för dessa marknader och tillhörande kunder.”

Annual report 2024A · The company itself

“Sivers Semiconductors utvecklar, tillverkar och säljer chip, komponenter, moduler och delsystem baserade på avancerad halvledarteknik för 5G millimetervågnät, samt optiska halvledare till fibernät, trådlösa optiska nät och sensorer.”

Annual report 2024A · The company itself

“Additionally, certain electronic components are sourced from a finite set of suppliers. Some of these specialized materials and components have been, and in the future may be, in short supply, particularly in the event of mill shutdowns or production cut backs.”

Annual report 2026A · The company itself

“Revenue is divided as follows: electrical products (75%), heating and plumbing products (15%), and climate & energy products (10%).”

Annual report 2025A · The company itself

“The products we sell have various expected lifetimes, with many products still not designed with circularity (durability, repair, reuse, disassembly, recycling) in mind, generating general waste and electronic waste that potentially cause indirect or direct harm to nature.”

Annual report 2025A · The company itself

“•Solventum’s future results are subject to vulnerability with respect to materials and availability of purchased components, compounds, raw materials, energy, production capacity and labor. •3M is the sole source of supply for raw materials used in certain of our products and our business will be harmed if 3M does not satisfy our requirements. •Solventum is subject to risks related to international, federal, state and local treaties, laws and regulations, as well as related compliance risks. •Solventum may face potential liabilities related to PFAS, which could adversely impact Solventum’s results. •The impacts of climate change may adversely effect Solventum’s business. •Solventum operates in a strictly regulated industry, and compliance with laws and regulations applicable to the commercialization of Solventum’s products is costly and failure to comply may result in significant penalties.”

Annual report 2025A · The company itself

“In second quarter and fourth quarter 2025, the Company entered into supplemental agreements with Boeing relating to its contractual order book for -7 and -8 aircraft. These agreements provide flexibility in support of the Company's growth plans and fleet modernization and include certain confidential credits and other concessions provided to the Company by Boeing.”

Annual report 2025A · The company itself

“Lisäksi tuoteportfolioon kuuluivat biomateriaalit (sellu ja biopohjaiset ratkaisut), puutuotteet sekä rakennusratkaisut.”

Annual report 2025A · The company itself

“Moreover, global component shortages, supply chain delays, pandemic restrictions and other international macro instabilities may impact the Group’s financial performance.”

Annual report 2024A · The company itself

“The platform supports advanced nodes with collaborations on next-generation process technologies.”

Annual report 2025A · The company itself

“For example, challenges with a major foundry customer negatively impacted our financial results for fiscal year 2025.”

Annual report 2025A · The company itself

“Business Company and Segment Overview Synopsys, Inc. (Synopsys, we, our or us) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. We deliver trusted and comprehensive solutions spanning silicon design, silicon intellectual property (IP), simulation and analysis (S&A) as well as design services.”

Annual report 2025A · The company itself

“We are a global leader in supplying the mission-critical EDA solutions that engineers use to design and test integrated circuits (ICs), also known as chips or silicon, and we are pioneering artificial intelligence (AI) driven chip design across the full-stack EDA suite to improve efficiency and accelerate the design, verification testing and manufacturing of advanced digital and analog chips.”

Annual report 2025A · The company itself

“We provide software and hardware used to validate the electronic systems that incorporate chips and the software that runs on them, including cloud-based digital and analog design flow to boost chip-design development productivity.”

Annual report 2025A · The company itself

“We also offer a broad and comprehensive portfolio of semiconductor IP solutions, which are pre-designed circuits that engineers use as components of larger chip designs to reduce development risk and speed time to market. Our high quality, silicon-proven semiconductor IP includes logic libraries, embedded memories, wired interface IP, memory interface IP, security IP, and embedded processors.”

Annual report 2025A · The company itself

“Design IP Solutions As functionality expands within a single chip or across a multi-die design, the number of third-party IP design blocks incorporated into these designs are rapidly increasing. We provide the broadest, most comprehensive portfolio of high-quality, silicon-proven IP solutions for SoCs.”

Annual report 2025A · The company itself

“Sales and Distribution Our EDA and Design IP customers are primarily semiconductor and electronics systems companies.”

Annual report 2025A · The company itself

“If these macroeconomic uncertainties persist or if economic conditions deteriorate, then the global economy, including the semiconductor and electronics industries that are the core customers for our Design Automation and Design IP segments, could see their growth slow or fail to grow at all.”

Annual report 2025A · The company itself

“Many of our customers outsource the manufacturing of their semiconductor designs to foundries.”

Annual report 2025A · The company itself

“Osäkerheten i den globala leverantörskedjan innebär en risk för Saab och dess verksamhet. Utmaningarna är främst kopplade till tillgången på vissa råvaror och försvarsspecifika komponenter, utökad produktionskapacitet hos vissa leverantörer samt leverantörers förmåga att hantera ökad nedflödning av regulatoriska krav.”

Annual report 2024A · The company itself

“Our most significant expenses relate to operating and expanding our network, providing a full range of devices, acquiring and retaining high-quality customers and compensating employees.”

Annual report 2025A · The company itself

“Despite a downturn in the mobile device sales, the focus on transferring customers to a recurring revenue business model and high margin products and services started to yield results, and the annualized recurring revenue at the end of 2024 was NOK 330 million, vs. NOK 312 million at the end of 2023.”

Annual report 2024A · The company itself

“Techstep’s total Mobile Devices & Other revenue came to NOK 747 million, a decline of 3.7% from 2023. Sales were impacted by a general decline in the global smartphone market, in both Norway and Sweden, in particular in the first half year.”

Annual report 2024A · The company itself

“As the first half of 2024 was highly affected by the decline in device sales, 2024 closed with a 2% decrease in total revenues and net gross profit. However, the decline in revenues turned in the second half of 2024, and moving into 2025 recurring revenue contracts are record high.”

Annual report 2024A · The company itself

“Micron-sized powders are used for applications such as 3D print- ing in the aerospace, medical and consumer elec- tronics sectors.”

Annual report 2024A · The company itself

“The advanced nano-sized materials are currently developed in close cooperation with potential customers and are to be applied in the manufacturing of microelectronic devices (MLCCs) used in consumer electronics, autonomous vehicles, and 5G and Internet-of-Things (IoT) communications equipment.”

Annual report 2024A · The company itself

“E5 Resursanvändning och cirkulär ekonomi: Resursflöden kopplade till produkter och tjänster + Avfall Liten Medel Hög Allvarlighetsgrad Väsentlig påverkan, risk eller möjlighet Uppströms Egen verksamhet Nedströms Beskrivning (faktisk) Resursutarmning Tele2s värdekedja är kopplad till resursutflöden, eftersom en stor del av de material som används av företagets leverantörer är nyproducerade. Dessa jungfruliga material, som ingår i mobiltelefoner, servrar, master, basstationer och relaterade enheter, bidrar till resursutarmning och miljöbelastning.”

Annual report 2024A · The company itself

“Motverkande av negativ vattenpåverkan i uppströms värdekedjan Tele2 har identifierat sina mest väsentliga risker och påverkan i sin uppströms värdekedja, särskilt kopplat till produktion av elektronisk hårdvara. Denna påverkan är främst relaterad till tillverkning av halvledare och mikrochip, där stora mängder ultrarent vatten krävs i produktionsprocessen. Dessutom kräver utvinning och bearbetning av råmaterial som koppar, guld och litium, som används i elektronik, en betydande mängd vatten.”

Annual report 2024A · The company itself

“Our products include digital imaging sensors, cameras and systems within the visible, infrared and X-ray spectra, monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, aircraft information management systems, and defense electronics and satellite communication subsystems.”

Annual report 2025A · The company itself

“Digital Imaging 52 % 54 % 56 % Instrumentation Engineered Systems 7 % 8 % 8 % Total 100 % 100 % 100 % Digital Imaging Segment Our Digital Imaging segment includes high-performance sensors, cameras and systems within the visible, infrared, ultraviolet and X-ray spectra for use in industrial, scientific, government, space, defense, security, medical and other applications.”

Annual report 2025A · The company itself

“We also produce and provide manufacturing services for micro electromechanical systems (“MEMS”) and high-performance, high-reliability semiconductors, including analog-to-digital and digital-to-analog converters, as well as unmanned aerial and ground systems.”

Annual report 2025A · The company itself

“Our customers use our equipment in the design, development, manufacture, installation, deployment and operation of electronics equipment in a broad range of industries, including aerospace and defense, internet infrastructure, automotive, industrial, computer and semiconductor, consumer electronics mobile, and power electronics.”

Annual report 2025A · The company itself

“Spänningarna i relationen mellan Kina och Taiwan bidrar till en ökad osäkerhet i leverantörskedjan, något som kan utvecklas till en global brist på halvledare.”

Annual report 2024A · The company itself

“Den globala leverantörskedjan påverkas för närvarande av volatilitet, vilket innebär att vissa produktkategorier kräver ökad uppmärksamhet.”

Annual report 2024A · The company itself

“Our businesses are experiencing and may continue to experience manufacturing inefficiencies and production delays as a result of shortages and delays of critical components for our products and other issues related to our direct or indirect suppliers.”

Annual report 2026A · The company itself

“Our electron microscopy business serves customers in the life sciences, materials sciences, and semiconductor markets providing leading research tools; and also, in the semiconductor market provides integrated workflows that power research and development and production solutions.”

Annual report 2025A · The company itself

“The business strengthens the segment’s bioproduction offerings with advanced filtration technologies that improve quality and efficiency across upstream and downstream workflows. In addition, its industrial filtration and membrane solutions will expand our reach into industries including battery, semiconductor and medical device manufacturing.”

Annual report 2025A · The company itself

“Within the value chain, hardware, connectivity, and business travel were identified as the supplier categories with the highest potential nature impacts, primarily due to resource extraction, energy use, and emissions.”

Annual report 2025A · The company itself

“Integrations levererar expertis inom eyetracking för XR- teknologier och skärmbaserade applikationer. Vi erbjuder enhetstillverkare och företag inom konsumentelektronik kompakta plattformar, USBenheter och tjänster som möjliggör långsiktig innovation inom områden som XR, utbildning, hälsovård och kommunikationshjälpmedel.”

Annual report 2024A · The company itself

“Eyetracking blir allt vanligare i konsumentelektronik som smartphones, VR/MR-headset, smarta glasögon och bärbara datorer. När användningen ökar blir teknologin mer tillgänglig och en naturlig del av vardagen.”

Annual report 2024A · The company itself

“The business area has a strong position in humidity, dew point, and carbon dioxide measurements. Key market segments are industrial, life science, and power.”

Annual report 2025A · The company itself

“Additionally, the rapid increase in demand for compute and network hardware, including servers, chips, memory and other technology, caused by new demand from AI companies, is increasing our costs for some of these goods and could increase our capital and operating costs.”

Annual report 2025A · The company itself

“Detailed information about the process to identify and assess material impacts, risks, and opportunities related to the environment Impacts, risks, and opportunities related to pollution, water resources, marine resources, resource use, and the circular economy were identified by screening the company’s assets and operations across the value chain.”

Annual report 2025A · The company itself

“The core categories of the product range are computers and peripherals, TV and video, mobile devices, and home appliances.”

Annual report 2025A · The company itself

“Curated Assortment – Focusing on core categories with selected category expansions The company maintains a strong focus on its core categories— electronics and home appliances—ensuring they are optimally suitable for fast deliveries, competitively priced and consistently available. In 2025, Verkkokauppa.com focused on its core categories by offering the best assortment, with competitive pricing and the best availability.”

Annual report 2025A · The company itself

“We obtain raw materials and supplies from a variety of sources and generally from more than one supplier. We have established a robust supply chain that is complementary to our manufacturing and operations footprint.”

Annual report 2025A · The company itself

“Key inputs to Vestas’ value chain include raw materials, capital employed, energy and employee working hours.”

Annual report 2025A · The company itself

“Our foundation layer comprises the network infrastructure that enables connections to approximately 12 billion cards, bank accounts and digital wallets with more than 175 million merchant locations across more than 200 countries and territories.”

Annual report 2025A · The company itself

“Det här är Vitec Vd har ordet Ordförande har ordet Vitec 40 år Affärsmodell och position Programvaror för unika behov Vi skapar Vitec tillsammans Aktien och ägare OLYSLAGER ROIDU FIGLO Olyslager är en global ledande aktör inom IT-lösningar för smörjmedelsindustrin, med exakta data och insikter till smörjmedelstillverkare, leverantörer och distributörer.”

Annual report 2024A · The company itself

“ICKE-KONSOLIDERADE PORTFÖLJBOLAG FULLT KONSOLIDERADE PORTFÖLJBOLAG HaleyTek är ett företag som utvecklar Android-baserade mjukvaruplattformar inom infotainment. HaleyTek utvecklar systemet som används i Volvo- och Polestar-bilar och integrerar Google Automotive Services och OEM-specifika UX- och fordonsapplikationer, oberoende av variationer i fordonsarkitektur.”

Annual report 2024A · The company itself

“We continue to emphasize innovation and development funding to create new products and capabilities to increase customer productivity, efficiency, capacity, utilization and safety, such as alternatively fueled locomotive, vehicle monitoring and data analytics, and nondestructive testing.”

Annual report 2025A · The company itself

“The Freight Segment primarily manufactures new and modernized locomotives; provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services; provides a comprehensive suite of software-enabled solutions designed to improve customer safety, efficiency and productivity in the transportation and mining industries; overhauls locomotives; provides heat exchangers and cooling systems for rail and other industrial markets; provides nondestructive testing, remote visual inspection and analytical instruments solutions for mission critical assets; and delivers train detection, wayside object control solutions, and axle counting systems.”

Annual report 2025A · The company itself

“Raw Materials The Company purchases a variety of raw materials, primarily consisting of high temperature alloy sheet metal and castings, forgings, pre-plated metals and electrical components from various vendors.”

Annual report 2025A · The company itself

“Form 10-K Summary 121 Signatures 122 Table of Contents PART I Item 1: Business General Waters Corporation (the “Company,” “we,” “our,” or “us”), a global leader in analytical instruments and software, has pioneered innovations in chromatography, mass spectrometry and thermal analysis serving life, materials and food sciences for more than 65 years. The Company primarily designs, manufactures, sells and services high-performance liquid chromatography (“HPLC”), ultra-performance liquid chromatography (“UPLC” and together with HPLC, referred to as “LC”) and mass spectrometry (“MS”) technology systems and support products, including chromatography columns, other consumable products and comprehensive post-warranty service plans. These systems are complementary products that are frequently employed together (“LC-MS”) and sold as integrated instrument systems using common software platforms.”

Annual report 2025A · The company itself

“The Company is a technology and market leader in the development, manufacture, sale and service of MS instruments and components. These instruments are typically integrated and used along with other complementary analytical instruments and systems, such as LC, chemical electrophoresis and gas chromatography.”

Annual report 2025A · The company itself

“Our Strategy We conceptualize, design, build, and operate our resorts to create unforgettable customer experiences across a diverse set of gaming and non-gaming amenities that attract a wide range of customer segments and generate strong financial results.”

Annual report 2025A · The company itself

“The property features approximately 468,000 square feet of casino space with 305 table games and 693 slot machines, as well as private gaming salons and sky casinos. Wynn Palace also features a luxury hotel tower with a total of 1,706 guest rooms, suites, and villas, offering a health club, spa, salon, and pool. In addition, Wynn Palace offers 12 food and beverage outlets, a food hall which includes a variety of stand-alone restaurants and other food offerings, approximately 109,000 square feet of high-end, brand-name retail space, and approximately 37,000 square feet of meeting and convention space.”

Annual report 2025A · The company itself

“The property features approximately 199,000 square feet of casino space with 231 table games and 1,558 slot machines, as well as private gaming salons, a sky casino, a poker room, and a race and sports book. Wynn Las Vegas also features two luxury hotel towers with a total of 4,748 guest rooms, suites, and villas, which offer swimming pools, private cabanas, two full service spas and salons, and a wedding chapel. In addition, Wynn Las Vegas offers 35 food and beverage outlets, approximately 178,000 square feet of high-end, brand-name retail space, approximately 510,000 square feet of meeting and convention space, and a golf course.”

Annual report 2025A · The company itself

“The property features approximately 215,000 square feet of casino space with 172 table games, 24 poker tables and approximately 2,777 slot machines, private and high-limit gaming areas, and a sports book. Encore Boston Harbor also features a luxury hotel tower with a total of 671 guest rooms and suites, which offers a spa and salon. In addition, Encore Boston Harbor offers 16 food and beverage outlets and a nightclub, approximately 8,200 square feet of retail space, and approximately 71,000 square feet of meeting and convention space.”

Annual report 2025A · The company itself

“Table of Contents Data Capture, Fixed Industrial Scanning, and Machine Vision: We design, manufacture, and sell barcode scanners, fixed industrial scanners, and industrial machine vision cameras. Our portfolio of scanners includes laser scanning and imager products in a variety of form factors, including fixed, handheld, and embedded original equipment manufacturer (“OEM”) modules. Our scanners incorporate a range of technologies including area imagers, linear imagers, and lasers, as well as read linear and two-dimensional barcodes.”

Annual report 2025A · The company itself

“changes in the competitive environment in our markets, reliability of supply”

Annual report 2025A · The company itself

“This year, we took full control of servicing and maintaining the wind farm, after the service warranty agreement with manufacturer Siemens Gamesa Renewable Energy concluded.”

Annual report 2025A · The company itself

“We enter into volume agreements and source wind turbines from key suppliers in a timely manner to reduce uncertainty, and we have entered into long-term vessel supply contracts.”

Annual report 2025A · The company itself

“Geopolitical tensions could affect project economics and timelines through increased component costs, supply chain disruptions, or reduced access to international production capacity.”

Annual report 2025A · The company itself

“First transition wave: Shift from fossil fuels to renewable energy generation In 2025, we reached a defining milestone in our journey towards net zero by meeting our science-based scope 1-2 GHG emissions intensity target of 10 g CO e/kWh – a 93 % reduction from a 2018 baseline (98 % from a 2006 level).”

Annual report 2025A · The company itself

“Arbeidet med åpenhetsloven har avdekket at det er nødvendig med oppfølging av leverandører som produsenter av hardware som pc/Mac og mobiltelefoner, et område hvor Bouvet har liten påvirkning.”

Annual report 2024A · The company itself

“Carasent använder en stor mängd elektronisk utrustning, inklusive datorer, servrar och nätverksutrustning. Dessa produkter har en livscykel som omfattar råvaruutvinning, produktion, transport, användning och slutligen avfallshantering.”

Annual report 2024A · The company itself

“We have committed to future aircraft purchases and have obtained, but are under no obligation to use, long-term financing commitments for a substantial portion of the purchase price of the aircraft. Our expected 2026 capital spend of approximately $5.5 billion, which may vary depending on financing decisions, will be primarily for aircraft, including deliveries and advance deposit payments, as well as fleet modifications and technology enhancements. On January 12, 2026, we entered into a definitive agreement with The Boeing Company to acquire 30 Boeing 787-10 aircraft, with an option to purchase up to an additional 30 of the same aircraft. The B-787-10 aircraft will include GEnx engines manufactured by General Electric.”

Annual report 2025A · The company itself

“The increase is primarily due to higher royalty, revenue share and purchased data and information costs, partially offset by a decrease in temporary labor costs.”

Annual report 2025A · The company itself

“The increase is primarily due to higher royalty and revenue share costs, costs of purchased data and information, and costs from BVS, which was acquired in the third quarter of 2023.”

Annual report 2025A · The company itself

“The main materials in Harvia’s material inflows in the upstream value chain include the following: - Stainless steel - Cold and hot-rolled steel - Other metals (such as aluminum, copper, Aluzinc alloy coated steel) - Wood - Electrical components and electronics - Cardboard - Glass - Plastic - Stones RESOURCE INFLOWS 2025 2024 Change Overall total weight of products and technical and biological materials used (1,000 kg) 78,500 67,000 17% Percentage of biological materials 20% 21% -1 p.p.”

Annual report 2025A · The company itself

“Their decisions could impact our financial performance. •The use of information technology by our third-party commercial partners and service providers exposes us to business disruptions or other negative impacts that could adversely affect us. •We rely on the performance of a limited number of suppliers and manufacturers for our brewers, and a limited number of order fulfillment companies for our brewers, beverage concentrates, and syrups.”

Annual report 2025A · The company itself

“installation of new personal and baggage scanners with mandatory CT technology”

Annual report 2025A · The company itself

“Raw materials expenses totalled NOK 504 million (715), a decrease of 30% from 2023.”

Annual report 2024A · The company itself

“Further engineering work has been performed in 2024 with key focus areas being marine engineering and equipment design in partnership with Tier 1 equipment providers to optimise the operating performance of the unit.”

Annual report 2024A · The company itself

“As part of the double materiality assessment (DMA), an assessment of material impacts across all operations and the value chain was conducted; In the upstream of Posti’s operations, Posti has a network of suppliers who provide the essential technologies, vehicles, fuels, and digital infrastructure to enable its business.”

Annual report 2025A · The company itself

“Avdelningen utvecklar och förvaltar unik, paten terad teknologi inom framför allt blixtstyrning, mobilfotografi och fotografiska tillbehör, exempelvis ljusformare.”

Annual report 2024A · The company itself

“Suunnittelutiimi määrittelee koneiden ja laitteiden tekniset tiedot, ja piirustukset siirtyvät suoraan hankintaprosessiin. Korkealaatuisten komponenttien luotettava saatavuus on olennaisen tärkeää Rauten lopputuotteiden suorituskyvyn ja kestävyyden varmistamiseksi.”

Annual report 2025A · The company itself

“We successfully secured on-the-water and newbuilding replacement tonnage to maintain our market-leading position in our deep-sea and regional businesses.”

Annual report 2024A · The company itself

“The increase in computing infrastructure costs was driven by an increase in both the number of end users and the volume of activity by end users of our subscription services.”

Annual report 2026A · The company itself