Advantest (ADR)
ATEYYQ4 2023(ATEYY Q2 FY2024)Estimated12% AI
AI Revenue %
12%
AI Fair Value
$1.8B
AI Revenue (Q)
$120.0M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR SEC Filing Filing
Browse SEC Filing filings on SEC.govAnalysis
Q2 FY2024 (Jul-Sep 2023): Advantest reported approximately ¥140B in quarterly revenue, rebounding from the cyclical trough as AI demand pulled test equipment orders forward. NVIDIA H100 was in massive volume production — NVIDIA's Data Center segment hit $14.5B in their Q3 FY2024 (ending Oct 2023). Each H100 GPU and its associated HBM stacks required extensive testing. Advantest's V93000 platform was the primary test solution, and capacity was being added at OSAT (outsourced assembly and test) partners globally. HBM3 test demand was accelerating sharply as SK Hynix ramped HBM3E qualification. Semi Test approximately ¥112B. AI estimate: ~15% of Semi Test for combined AI GPU + HBM test = ¥112B x 0.15 = ~¥16.8B. Adding small Mechatronics AI contribution (handlers for AI chip test cells) ~¥1B. Total ¥17.8B / ¥140B = ~12.7%, rounded conservatively to 12.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Advantest quarterly revenue approximately ¥140B for Q2 FY2024 (Jul-Sep 2023), recovering from downcycle trough
Advantest FY2024 quarterly earnings
NVIDIA Data Center revenue reached $14.5B in Q3 FY2024 (Oct 2023), driving massive GPU test demand
NVIDIA earnings, industry knowledge
AI Products Identified (Ring 1)
V93000 SoC tester (NVIDIA H100 GPU test at OSAT partners)T5503 HBM3 memory testerT5851 memory tester for HBM3E qualificationSoC test handlers for AI chip final test
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, FPGA)T5xxx memory testers (standard DRAM/DDR5)Mechatronics (non-AI handlers)Services/support
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix