ADI revenue slightly increased, TSMC initiated price reduction

ADI, the original manufacturer of simulator components, released its financial report for the third quarter of the 2023 fiscal year (as of July 30), with a revenue of 3.076 billion US dollars, a slight decrease of 1% year-on-year; Operating profit of 929 million US dollars, a year-on-year increase of 4%; The gross profit margin is 63.8%, a year-on-year decrease of 1.9 percentage points.

The CEO and Chairman of ADI stated that in a challenging operating environment, ADI performed well and its performance in the third quarter met expectations. However, with the deterioration of economic conditions and continuous improvement in delivery cycles, the customer inventory adjustments mentioned in the previous quarter have accelerated.