SANTA CLARA, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announ­ced reve­nue for the third quar­ter of 2023 of $5.8 bil­li­on, gross mar­gin of 47%, ope­ra­ting inco­me of $224 mil­li­on, net inco­me of $299 mil­li­on and diluted ear­nings per share of $0.18. On a non-GAAP^(*) basis, gross mar­gin was 51%, ope­ra­ting inco­me was $1.3 bil­li­on, net inco­me was $1.1 bil­li­on and diluted ear­nings per share was $0.70.

“We deli­ver­ed strong reve­nue and ear­nings growth dri­ven by demand for our Ryzen 7000 series PC pro­ces­sors and record ser­ver pro­ces­sor sales,” said AMD Chair and CEO Dr. Lisa Su. “Our data cen­ter busi­ness is on a signi­fi­cant growth tra­jec­to­ry based on the strength of our EPYC CPU port­fo­lio and the ramp of Instinct MI300 acce­le­ra­tor ship­ments to sup­port mul­ti­ple deploy­ments with hypers­ca­le, enter­pri­se and AI customers.”

“We exe­cu­ted well in the third quar­ter, deli­ve­ring year-over-year growth in reve­nue, gross mar­gin and ear­nings per share,” said AMD EVP, CFO and Tre­asurer Jean Hu. “In the fourth quar­ter, we expect to see strong growth in Data Cen­ter and con­tin­ued momen­tum in Cli­ent, par­ti­al­ly off­set by lower sales in the Gam­ing seg­ment and addi­tio­nal sof­tening of demand in the embedded mar­kets.” (…) Wei­ter­le­sen »