Analog Devices Inc
ADIQ1 2024Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.5B
AI Revenue (Q)
$50.3M
Total Revenue (Q)
$2.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (ended Feb 3, 2024) total revenue $2,512,704K, down 23% YoY in cyclical trough. Communications $302,573K (12%), down 37% YoY. Industrial $1,196,832K (48%), down 31%. No mention of AI in the filing despite AI data center spending booming elsewhere. ADI was in deep cyclical downturn across all end markets. However, the AI data center buildout by hyperscalers was creating demand for optical components and power management that would flow through to ADI. Slight increase to 2% reflecting industry-wide AI infrastructure buildout pull-through, even during downturn.
Analyzed by claude-opus-4-6
Quoted Figures
Industrial $1,196,832 (48%), Automotive $739,158 (29%), Communications $302,573 (12%), Consumer $274,141 (11%). Total revenue $2,512,704.
10-Q for Q ended February 3, 2024 — Revenue Trends by End Market
AI Products Identified (Ring 1)
High-speed data converters for optical transceivers in AI data centersPower management ICs for AI server racksSignal chain ICs for high-speed networking
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Communications wireline infrastructureIndustrial data center power managementEdge AI signal processing
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix