Analog Devices Reports Record Revenue for the Second Quarter Fiscal 2023

ANALOG DEVICES, INC.

REVENUE TRENDS BY END MARKET

(Unaudited)

(In thousands)

The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the "ship to" customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data and our methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of revenue within, each end market.

 

Three Months Ended

 

April 29, 2023

 

April 30, 2022

 

Revenue

 

% of Revenue1

 

Y/Y%

 

Revenue

 

% of Revenue1

Industrial

$

1,744,567

 

53

%

 

16

%

 

$

1,502,731

 

51

%

Automotive

 

784,775

 

24

%

 

24

%

 

 

633,255

 

21

%

Communications

 

453,530

 

14

%

 

(4

)%

 

 

474,722

 

16

%

Consumer

 

280,058

 

9

%

 

(22

)%

 

 

361,356

 

12

%

Total revenue

$

3,262,930

 

100

%

 

10

%

 

$

2,972,064

 

100

%

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

April 29, 2023

 

April 30, 2022

 

Revenue

 

% of Revenue 1

 

Y/Y %

 

Revenue

 

% of Revenue 1

Industrial

$

3,438,006

 

53

%

 

21

%

 

$

2,849,577

 

50

%

Automotive

 

1,498,178

 

23

%

 

27

%

 

 

1,183,985

 

21

%

Communications

 

941,735

 

14

%

 

6

%

 

 

887,663

 

16

%

Consumer

 

634,641

 

10

%

 

(14

)%

 

 

735,132

 

13

%

Total revenue

$

6,512,560

 

100

%

 

15

%

 

$

5,656,357

 

100

%

 

 

 

 

 

 

 

 

 

 

1) The sum of the individual percentages may not equal the total due to rounding.

 

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