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ANALOG DEVICES INC

ADI

Information Technology

1

exclusion reason

1 theme

Weapons & Military (1)
ADI Information Technology Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Military Contracting
Since Apr 1, 2026

Analog Devices is a premier supplier of wideband radar transceiver ICs used in ground-based air defense systems, with dedicated aerospace & defense radar solutions marketed to military integrators. The company produces radiation-tolerant components for space-based military and nuclear-survivability scenarios and has reported record aerospace & defense segment revenue. ADI also paid a $3M SEC penalty in 2008 for stock option backdating.

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.