canar.ai
Rankings/ADI/Q3 2023 Analysis

Analog Devices Inc

ADI
Q3 2023Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$1.1B
AI Revenue (Q)
$46.1M
Total Revenue (Q)
$3.1B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Q3 FY2023 (ended Jul 29, 2023) total revenue $3,076,495K, down 1% YoY. Communications $380,504K (12%), down 23% YoY. Consumer $319,236K (10%), down 21%. Communications decline was broad (wireless infrastructure cycle downturn). No AI mention in filing. The overall cyclical downturn in Communications makes it unlikely AI-driven demand was material. Maintaining 1.5%.
Analyzed by claude-opus-4-6

Quoted Figures

Industrial $1,629,201 (53%), Automotive $747,554 (24%), Communications $380,504 (12%), Consumer $319,236 (10%). Total revenue $3,076,495.
10-Q for Q ended July 29, 2023 — Revenue Trends by End Market
Communications end market... decrease... due to the timing of infrastructure deployment cycles.
10-Q for Q ended July 29, 2023 — MD&A Revenue discussion

AI Products Identified (Ring 1)

High-speed data converters for optical networkingPower management ICs for AI server racksRF ICs for data center connectivity

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 segment wireline infrastructureIndustrial segment data center powerEdge processors

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix