Analog Devices (ADI) Revenue — Quarter Ended Oct 28, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential and year-over-year decreases reflect a continued downward trend from the prior period.
Key takeaway
Quarter ended Oct 28, 2023 · FY2023 Q4
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential and year-over-year decreases reflect a continued downward trend from the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-11.7%
Change from the immediately preceding quarter.
Year-over-year
-16.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.3B
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 |
|---|---|---|
| Jan 28, 2023 | $3.2B | +21.1% |
| Apr 29, 2023 | $3.3B | +9.8% |
| Jul 29, 2023 | $3.1B | -1.1% |
| Oct 28, 2023 | $2.7B | -16.4% |
Revenue performance
Reported revenue fell from the immediately preceding quarter, marking a further deceleration after a prior period of growth. The year-over-year comparison also showed a decline, consistent with the broader trend observed over recent quarters.
Quarterly comparison
Compared with the prior quarter, revenue decreased, reversing the growth seen earlier in the fiscal year. Versus the same quarter one year ago, revenue was also lower, extending the pattern of year-over-year contraction.
What to watch
Monitor whether the sequential decline continues in the next reporting period or if revenue stabilizes.