# RAG-IT: Retrieval-Augmented Instruction Tuning for Automated Financial Analysis -- A Case Study for the Semiconductor Sector

arXiv: https://arxiv.org/abs/2412.08179 · HTML: https://mlsanity.com/paper/2412.08179/

## Key facts

- Cited by 2 papers in the map (data through 14 Oct 2026).
- Placed in Legal and financial RAG, one of 15 directions in Retrieval-augmented generation.
- Builds on 9 of its 20 references that are in the map.
- First posted on arXiv 11 Dec 2024.

## Placed in

- Retrieval-augmented generation / [Legal and financial RAG](https://mlsanity.com/rag/legal-and-financial-rag/)

## Builds on (most cited first, 9 of 9)

- [LoRA: Low-Rank Adaptation of Large Language Models](https://mlsanity.com/paper/2106.09685/) (2021)
- [Llama 2: Open Foundation and Fine-Tuned Chat Models](https://mlsanity.com/paper/2307.09288/) (2023)
- [Retrieval-Augmented Generation for Knowledge-Intensive NLP Tasks](https://mlsanity.com/paper/2005.11401/) (2020)
- [Visual Instruction Tuning](https://mlsanity.com/paper/2304.08485/) (2023)
- [QLoRA: Efficient Finetuning of Quantized LLMs](https://mlsanity.com/paper/2305.14314/) (2023)
- [BloombergGPT: A Large Language Model for Finance](https://mlsanity.com/paper/2303.17564/) (2023)
- [FinGPT: Open-Source Financial Large Language Models](https://mlsanity.com/paper/2306.06031/) (2023)
- [The Construction of Instruction-tuned LLMs for Finance without Instruction Data Using Continual Pretraining and Model Merging](https://mlsanity.com/paper/2409.19854/) (2024)
- [JaFIn: Japanese Financial Instruction Dataset](https://mlsanity.com/paper/2404.09260/) (2024)

## Built on by (most cited first, 2 of 2)

- [Mind2Report: Expert-Level Commercial Report Synthesis via Cognitive Deep Research Agent](https://mlsanity.com/paper/2601.04879/) (2026)
- [RAGPerf: An End-to-End Benchmarking Framework for Retrieval-Augmented Generation Systems](https://mlsanity.com/paper/2603.10765/) (2026)

## Abstract (arXiv)

Financial analysis relies heavily on the interpretation of earnings reports to assess company performance and guide decision-making. Traditional methods for generating such analyzes require significant financial expertise and are often time-consuming. With the rapid advancement of Large Language Models (LLMs), domain-specific adaptations have emerged for financial tasks such as sentiment analysis and entity recognition. This paper introduces RAG-IT (Retrieval-Augmented Instruction Tuning), a novel framework designed to automate the generation of earnings report analysis through an LLM fine-tuned specifically for the financial domain. Our approach integrates retrieval augmentation with instruction-based fine-tuning to enhance factual accuracy, contextual relevance, and domain adaptability. We construct a sector-specific financial instruction dataset derived from semiconductor industry documents to guide the LLM adaptation to specialized financial reasoning. Using NVIDIA, AMD, and Broadcom as representative companies, our case study demonstrates that RAG-IT substantially improves a general-purpose open-source LLM and achieves performance comparable to commercial systems like GPT-3.5 on financial report generation tasks. This research highlights the potential of retrieval-augmented instruction tuning to streamline and elevate financial analysis automation, advancing the broader field of intelligent financial reporting.