Advantest (ADR)
ATEYYQ3 2023(ATEYY Q1 FY2024)Estimated10% AI
AI Revenue %
10%
AI Fair Value
$1.5B
AI Revenue (Q)
$100.0M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR SEC Filing Filing
Browse SEC Filing filings on SEC.govAnalysis
Q1 FY2024 (Apr-Jun 2023): Advantest reported approximately ¥115B in quarterly revenue (cyclical trough). Despite weak overall semiconductor demand, AI chip testing was a bright spot. NVIDIA H100 production was surging (NVIDIA Data Center revenue hit record $10.3B in their Q2 FY2024 quarter ending Jul 2023). Every H100 shipped required testing on Advantest V93000 platforms. Advantest management noted in earnings calls that 'AI-related demand' was supporting the SoC test business during the broader downcycle. HBM3 testing demand was growing rapidly as all three DRAM makers (SK Hynix, Samsung, Micron) expanded HBM capacity. Semi Test approximately ¥90B. With the broader market weak but AI demand strong, AI's share of test revenue was growing: ~12% of Semi Test = ¥90B x 0.12 = ~¥10.8B. ¥10.8B / ¥115B = ~9.4%, rounded to 10.0%. The denominator was shrinking (downcycle) while AI test demand was growing, concentrating AI's share.
Analyzed by claude-opus-4-6
Quoted Figures
Advantest quarterly revenue approximately ¥115B for Q1 FY2024 (Apr-Jun 2023), reflecting semiconductor downcycle trough
Advantest FY2024 quarterly earnings
Management cited AI-related demand as supporting SoC tester business during downcycle
Advantest FY2024 earnings call commentary
AI Products Identified (Ring 1)
V93000 SoC tester (NVIDIA H100/A100 GPU test)T5503 HBM3 memory testerSoC test handlers for AI chip packaging verification
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.
V93000 for non-AI SoC test (mobile, automotive)T5xxx memory testers (standard DRAM)MechatronicsServices/support
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix