Analog Devices (ADI) Revenue — Quarter Ended Apr 29, 2023
Revenue increased in the current quarter compared to the same quarter last year. The sequential change from the immediately preceding quarter was modest.
Key takeaway
Quarter ended Apr 29, 2023 · FY2023 Q2
Revenue increased in the current quarter compared to the same quarter last year. The sequential change from the immediately preceding quarter was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+0.4%
Change from the immediately preceding quarter.
Year-over-year
+9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 30, 2022 | $3.1B | +76.8% |
| Oct 29, 2022 | $3.2B | +38.8% |
| Jan 28, 2023 | $3.2B | +21.1% |
| Apr 29, 2023 | $3.3B | +9.8% |
Revenue performance
The reported revenue rose year over year, continuing an upward trajectory from prior periods. Gross margin improved slightly compared to the same quarter a year earlier.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was essentially flat. Relative to the same quarter one year earlier, revenue was higher.
What to watch
The sequential revenue stability may warrant attention given the prior trend of stronger growth.