+34
The company, which has a manufacturing plant in Ireland, books large amounts of global revenues and profits through several Irish subsidiaries
The company, which houses $20bn of IP in Ireland, books large amounts of its global revenues and profits through Irish subsidiaries Analog Devices chief executive Vincent Roche at its manufacturing facility in Limerick.
The company has close to 2,000 workers in Ireland. Photograph: Niall Carson/PA Wirehas used an Irish entity to shift more than €5.4 billion of dividends back to the US in less than two years. New financial filings by several Irish entities linked to the company, which has a fiscal year that begins in November, have shown billions of euro worth of dividends moved between them since November 2024.
The dividends were filtered into the group’s main Irish entity Analog Devices Atlantic Unlimited Company, which has declared it paid $4.05 billion to a Delaware-based firm called Maxim International Holding Inc.‘It invalidated me as their mother’: Irish woman told to return daughter’s passport A note attached to the company’s accounts added that subsequent to the year end on November 1st, 2025, the company paid a further $2.3 billion dividend to Analog’s US operation. Analog, which has a 65,775sq m fabrication plant in Limerick, moved $20.7 billion worth of intellectual property into Ireland in 2018.
The IP included licenses and technology trade names. The Irish entity Analog Devices International Unlimited Company, which now holds more than $21 billion of IP, has been used for many years to consolidate global sales and profits, with these funds then distributed to its US parent. Last year, it booked $10 billion of revenue, up from $8.6 billion the previous year. Revenues were linked to Analog Devices’ operations in the US, Europe, Japan, China and the rest of Asia.
Operating profits at the firm also rose from $390 million to $1.2 billion. Analog Devices International Unlimited Company paid a $4.05 billion dividend in the year that ended November 1st, 2025 to its parent Analog Devices Limerick Unlimited Company, which passed the full amount on to Analog Devices Atlantic Unlimited Company.
Based on the company’s annual report, the Irish operating firm accounted for more than 90 per cent of Analog Devices’ revenues in the year and a large share of its $2.71 billion of global pretax profits. The annual report for Analog Devices Inc also reported its effective tax rate rose from 8 per cent to 16.4 per cent in the latest fiscal year.
The company said in the filings its effective tax rates for the two most recent fiscal years were lower than the US statutory rate of 21 per cent due to lower statutory tax rates applicable abroad.
“For fiscal 2025 and fiscal 2024 our pretax income was primarily generated in Ireland at a tax rate of 12.5 per cent,” the annual report said. In the past two years, Analog Devices has returned large sums of cash to shareholders through close to $2 billion of dividends and more than $2 billion of share buy-backs. Will the upcoming budget drive inflation and increase costs for Irish households?
LATEST STORIESStairway to Heaven – Frank McNally on how our favourite painting became a TikTok sensationCar drives off M50 bridge causing closure and major traffic disruption
Ireland Latest News, Ireland Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
16-year-old boy arrested under Terrorism Act after four suspicious devices found in OmaghA 16-year-old boy has been arrested under the UK Terrorism Act after four suspicious devices were found at a property in Omagh. Police believe the items found are viable explosive devices and have been removed for forensic examination.
Read more »
76 stolen devices including iPhones and Macbooks found in Store Street Garda raidA raid by Store Street Gardaí on a Dublin 1 business yielded a significant haul of stolen devices, including 40 mobile phones and 36 laptops. The recovered items, which feature top-brand equipment like iPhones and Macbooks, are now being processed for return to their rightful owners.
Read more »
Boston Scientific reorganises Irish reserves to shift $15 billion in dividendsBoston Scientific has reorganised its Irish reserves to shift $15 billion in dividends, potentially paving the way for tax benefits. The move follows a significant restructuring of the company's balance sheet in March.
Read more »
Irish Players Set for 20th KPMG Women's Irish OpenA record 16 Irish players are set to compete in the 20th KPMG Women's Irish Open, a Ladies European Tour event at the K Club in Straffan, Ireland.
Read more »