Advantest (ADR)
ATEYYQ2 2023(ATEYY Q4 FY2023)Estimated8% AI
AI Revenue %
8%
AI Fair Value
$1.2B
AI Revenue (Q)
$80.0M
Total Revenue (Q)
$1.0B
Source: SEC EDGAR SEC Filing Filing
Browse SEC Filing filings on SEC.govAnalysis
Q4 FY2023 (Jan-Mar 2023): Advantest reported approximately ¥125B in quarterly revenue (Q4 is typically weaker). Full FY2023 total was approximately ¥540B (down from prior year due to semiconductor downcycle). NVIDIA H100 was in full volume production and becoming supply-constrained. Advantest was a primary beneficiary as V93000 testers were essential for the complex H100 test flow (each H100 requires significantly more test time than conventional SoCs due to die size, HBM interface testing, and advanced packaging verification). HBM3 production was ramping at SK Hynix and Samsung, driving memory tester demand. Semi Test approximately ¥100B. AI estimate: ~10% of Semi Test for AI GPU test (H100 volume ramp) + HBM = ¥100B x 0.10 = ~¥10B. ¥10B / ¥125B = ~8.0%. The increase from 7% reflects accelerating H100 production volumes requiring more V93000 capacity.
Analyzed by claude-opus-4-6
Quoted Figures
Advantest FY2023 (ending Mar 2023) total revenue approximately ¥540B
Advantest FY2023 annual results
NVIDIA H100 in full volume production, each GPU requiring extended V93000 test time due to complex SoC architecture and HBM interface verification
Industry knowledge, semiconductor test analyst reports
AI Products Identified (Ring 1)
V93000 SoC tester (NVIDIA H100 GPU test)T5503 HBM3 memory testerSoC 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)T5xxx memory testers (standard DRAM/DDR5)MechatronicsServices/support
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix