{"id":66803,"date":"2022-10-18T20:23:13","date_gmt":"2022-10-18T18:23:13","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=66803"},"modified":"2022-10-18T20:23:13","modified_gmt":"2022-10-18T18:23:13","slug":"amd-announces-preliminary-third-quarter-2022-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/66803-amd-announces-preliminary-third-quarter-2022-financial-results\/","title":{"rendered":"<span class=\"caps\">AMD<\/span> Announces Preliminary Third Quarter 2022 Financial Results"},"content":{"rendered":"<ul type=\"disc\">\n<li><em>Preli\u00admi\u00adna\u00adry third quar\u00adter reve\u00adnue of appro\u00adxi\u00adm\u00adate\u00adly $5.6 bil\u00adli\u00adon, lower than pri\u00ador out\u00adlook of $6.7 bil\u00adli\u00adon plus or minus $200 mil\u00adli\u00adon, pri\u00adma\u00adri\u00adly due to wea\u00adk\u00ader Cli\u00adent seg\u00adment revenue<\/em><\/li>\n<li><em>Reve\u00adnue for Data Cen\u00adter, Gam\u00ading, and Embedded Seg\u00adments each grew signi\u00adfi\u00adcant\u00adly year-over-year and in-line with the company\u2019s expectations<\/em><\/li>\n<li><em>Manage\u00adment to dis\u00adcuss finan\u00adcial results and out\u00adlook on Nov. 1 ear\u00adnings&nbsp;call<\/em><\/li>\n<\/ul>\n<p align=\"justify\"><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., Oct. 06, 2022 (<span class=\"caps\">GLOBE<\/span> <span class=\"caps\">NEWSWIRE<\/span>) \u2014&nbsp;<a href=\"http:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"caps\">AMD<\/span><\/a>&nbsp;(<span class=\"caps\">NASDAQ<\/span>:<span class=\"caps\">AMD<\/span>) today announ\u00adced sel\u00adec\u00adted preli\u00admi\u00adna\u00adry finan\u00adcial results for the third quar\u00adter of&nbsp;2022.<\/p>\n<p align=\"justify\">Third quar\u00adter reve\u00adnue is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly $5.6 bil\u00adli\u00adon, an increase of 29% year-over-year. <span class=\"caps\">AMD<\/span> pre\u00advious\u00adly expec\u00adted reve\u00adnue to increase appro\u00adxi\u00adm\u00adate\u00adly 55% year-over-year at the mid-point of gui\u00addance. Preli\u00admi\u00adna\u00adry results reflect lower than expec\u00adted Cli\u00adent seg\u00adment reve\u00adnue resul\u00adting from redu\u00adced pro\u00adces\u00adsor ship\u00adments due to a wea\u00adk\u00ader than expec\u00adted <span class=\"caps\">PC<\/span> mar\u00adket and signi\u00adfi\u00adcant inven\u00adto\u00adry cor\u00adrec\u00adtion actions across the <span class=\"caps\">PC<\/span> sup\u00adp\u00adly&nbsp;chain.<\/p>\n<p align=\"justify\">Reve\u00adnue for the Data Cen\u00adter, Gam\u00ading, and Embedded seg\u00adments each increased signi\u00adfi\u00adcant\u00adly year-over-year in-line with the company\u2019s expectations.<\/p>\n<p align=\"justify\">Gross mar\u00adgin is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly 42% and non-GAAP<sup>(*)<\/sup>&nbsp;gross mar\u00adgin is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly 50%. <span class=\"caps\">AMD<\/span> pre\u00advious\u00adly expec\u00adted non-GAAP gross mar\u00adgin to be appro\u00adxi\u00adm\u00adate\u00adly 54%. The gross mar\u00adgin short\u00adfall to expec\u00adta\u00adti\u00adons was pri\u00adma\u00adri\u00adly due to lower reve\u00adnue dri\u00adven by lower Cli\u00adent pro\u00adces\u00adsor unit ship\u00adments and avera\u00adge sel\u00adling pri\u00adce (<span class=\"caps\">ASP<\/span>). In addi\u00adti\u00adon, the third quar\u00adter results are expec\u00adted to include appro\u00adxi\u00adm\u00adate\u00adly $160 mil\u00adli\u00adon of char\u00adges pri\u00adma\u00adri\u00adly for inven\u00adto\u00adry, pri\u00adcing, and rela\u00adted reser\u00adves in the gra\u00adphics and cli\u00adent businesses.<br>\nThird quar\u00adter ope\u00adra\u00adting expen\u00adses are expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly $2.4 bil\u00adli\u00adon and non-GAAP ope\u00adra\u00adting expen\u00adses are expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly $1.5 bil\u00adli\u00adon. Non-GAAP ope\u00adra\u00adting expen\u00adses are lower than pre\u00advious expec\u00adta\u00adti\u00adons of $1.6 bil\u00adli\u00adon dri\u00adven by lower varia\u00adble com\u00adpen\u00adsa\u00adti\u00adon expen\u00adses in the quarter.<\/p>\n<p align=\"justify\"><span class=\"dquo\">\u201c<\/span>The <span class=\"caps\">PC<\/span> mar\u00adket wea\u00adk\u00aden\u00aded signi\u00adfi\u00adcant\u00adly in the quar\u00adter,\u201d said <span class=\"caps\">AMD<\/span> Chair and <span class=\"caps\">CEO<\/span> Dr. Lisa Su. \u201cWhile our pro\u00adduct port\u00adfo\u00adlio remains very strong, macroe\u00adco\u00adno\u00admic con\u00addi\u00adti\u00adons dro\u00adve lower than expec\u00adted <span class=\"caps\">PC<\/span> demand and a signi\u00adfi\u00adcant inven\u00adto\u00adry cor\u00adrec\u00adtion across the <span class=\"caps\">PC<\/span> sup\u00adp\u00adly chain. As we navi\u00adga\u00adte the cur\u00adrent mar\u00adket con\u00addi\u00adti\u00adons, we are plea\u00adsed with the per\u00adfor\u00admance of our Data Cen\u00adter, Embedded, and Gam\u00ading seg\u00adments and the strength of our diver\u00adsi\u00adfied busi\u00adness model and balan\u00adce sheet. We remain focu\u00adsed on deli\u00adve\u00adring our lea\u00adder\u00adship pro\u00adduct road\u00admap and look for\u00adward to laun\u00adching our next-gene\u00adra\u00adti\u00adon 5nm data cen\u00adter and gra\u00adphics pro\u00adducts later this quarter.\u201d<\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong><span class=\"caps\">Q3<\/span> <span class=\"caps\">FY22<\/span> Out\u00adlook<\/strong><sup>(<\/sup><sup>1<\/sup><sup>)<\/sup><\/td>\n<td><strong><span class=\"caps\">Q3<\/span> <span class=\"caps\">FY22<\/span> Preli\u00admi\u00adna\u00adry Results<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue<\/td>\n<td>~$6.7 bil\u00adli\u00adon, plus or minus $200 million<\/td>\n<td>~$5.6 bil\u00adli\u00adon<\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin \u2013&nbsp;<span class=\"caps\">GAAP<\/span><\/td>\n<td>-<\/td>\n<td>~42%<\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin \u2013 non-GAAP<\/td>\n<td>~54%<\/td>\n<td>~50%<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting expen\u00adses \u2013&nbsp;<span class=\"caps\">GAAP<\/span><\/td>\n<td>-<\/td>\n<td>~$2.4 bil\u00adli\u00adon<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting expen\u00adses \u2013 non-GAAP<\/td>\n<td>~$1.6 bil\u00adli\u00adon<\/td>\n<td>~$1.5 bil\u00adli\u00adon<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><sup>(<\/sup><sup>1<\/sup><sup>)<\/sup>&nbsp;Announ\u00adced with the company\u2019s second quar\u00adter 2022 finan\u00adcial results in August 2022.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Seg\u00adment<\/strong><sup>(2)<\/sup><strong>&nbsp;Revenue<\/strong><br>\n<strong><em>($ in billions)<\/em><\/strong><\/td>\n<td><strong><span class=\"caps\">Q3<\/span> <span class=\"caps\">FY22<\/span><\/strong><br>\n<strong>Preli\u00admi\u00adna\u00adry Results<\/strong><\/td>\n<td><strong>Q\/Q<\/strong><\/td>\n<td><strong>Y\/Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Data Cen\u00adter<\/strong><\/td>\n<td>~$1.6<\/td>\n<td>Up 8%<\/td>\n<td>Up 45%<\/td>\n<\/tr>\n<tr>\n<td><strong>Cli\u00adent<\/strong><\/td>\n<td>~$1.0<\/td>\n<td>Down 53%<\/td>\n<td>Down 40%<\/td>\n<\/tr>\n<tr>\n<td><strong>Gam\u00ading<\/strong><\/td>\n<td>~$1.6<\/td>\n<td>Flat<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td><strong>Embedded<\/strong><\/td>\n<td>~$1.3<\/td>\n<td>Up 4%<\/td>\n<td>Up 1,549%<\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td>~$5.6<\/td>\n<td>Down 15%<\/td>\n<td>Up 29%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">This update does not pre\u00adsent all neces\u00adsa\u00adry infor\u00adma\u00adti\u00adon for an under\u00adstan\u00adding of <span class=\"caps\">AMD<\/span>\u2019s finan\u00adcial con\u00addi\u00adti\u00adon as of the date of this release, or its results of ope\u00adra\u00adti\u00adons for the third quar\u00adter of 2022. As <span class=\"caps\">AMD<\/span> com\u00adple\u00adtes its quar\u00adter-end finan\u00adcial clo\u00adse pro\u00adcess and fina\u00adli\u00adzes its finan\u00adcial state\u00adments for the quar\u00adter, it will be requi\u00adred to make judgments in a num\u00adber of are\u00adas. It is pos\u00adsi\u00adble that <span class=\"caps\">AMD<\/span> may iden\u00adti\u00adfy items that requi\u00adre it to make adjus\u00adt\u00adments to the preli\u00admi\u00adna\u00adry finan\u00adcial infor\u00adma\u00adti\u00adon set forth abo\u00adve and tho\u00adse adjus\u00adt\u00adments could be mate\u00adri\u00adal. <span class=\"caps\">AMD<\/span> does not intend to update any finan\u00adcial infor\u00adma\u00adti\u00adon pri\u00ador to release of its final third quar\u00adter finan\u00adcial state\u00adment infor\u00adma\u00adti\u00adon, which is curr\u00adent\u00adly sche\u00addu\u00adled for Nov. 1,&nbsp;2022.<\/p>\n<p align=\"justify\"><strong><span class=\"caps\">AMD<\/span> <span class=\"caps\">Q3<\/span>\u201922 Ear\u00adnings Con\u00adfe\u00adrence&nbsp;Call<\/strong><br>\n<span class=\"caps\">AMD<\/span> will hold a con\u00adfe\u00adrence call for the finan\u00adcial com\u00admu\u00adni\u00adty at 2:00 p.m. <span class=\"caps\">PT<\/span> (5:00 p.m. <span class=\"caps\">ET<\/span>) on Nov. 1, 2022 to dis\u00adcuss its third quar\u00adter 2022 finan\u00adcial results. <span class=\"caps\">AMD<\/span> will pro\u00advi\u00adde a real-time audio broad\u00adcast of the tele\u00adcon\u00adfe\u00adrence on the&nbsp;<a href=\"http:\/\/ir.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Inves\u00adtor Rela\u00adti\u00adons<\/a>&nbsp;page of its web\u00adsite at&nbsp;<a href=\"http:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.amd.com<\/a>.<\/p>\n<p align=\"justify\"><strong>About <span class=\"caps\">AMD<\/span><\/strong><br>\nFor more than 50 years <span class=\"caps\">AMD<\/span> has dri\u00adven inno\u00adva\u00adti\u00adon in high-per\u00adfor\u00admance com\u00adpu\u00adting, gra\u00adphics and visua\u00adliza\u00adti\u00adon tech\u00adno\u00adlo\u00adgies. <span class=\"caps\">AMD<\/span> employees are focu\u00adsed on buil\u00adding lea\u00adder\u00adship high-per\u00adfor\u00admance and adap\u00adti\u00adve pro\u00adducts that push the boun\u00adda\u00adries of what is pos\u00adsi\u00adble. Bil\u00adli\u00adons of peo\u00adp\u00adle, lea\u00adding For\u00adtu\u00adne 500 busi\u00adnesses and cut\u00adting-edge sci\u00aden\u00adti\u00adfic rese\u00adarch insti\u00adtu\u00adti\u00adons around the world rely on <span class=\"caps\">AMD<\/span> tech\u00adno\u00adlo\u00adgy dai\u00adly to impro\u00adve how they live, work and play. For more infor\u00adma\u00adti\u00adon about how <span class=\"caps\">AMD<\/span> is enab\u00adling today and inspi\u00adring tomor\u00adrow, visit the <span class=\"caps\">AMD<\/span> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>)&nbsp;<a href=\"http:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">web\u00adsite<\/a>,&nbsp;<a href=\"http:\/\/community.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">blog<\/a>,&nbsp;<a href=\"https:\/\/www.facebook.com\/AMD\" target=\"_blank\" rel=\"nofollow noopener\">Face\u00adbook<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/twitter.com\/amd\" target=\"_blank\" rel=\"nofollow noopener\">Twit\u00adter<\/a>&nbsp;pages.<\/p>\n<p><strong>Cau\u00adtio\u00adna\u00adry Statement<\/strong><\/p>\n<p align=\"justify\">This press release con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments con\u00adcer\u00adning Advan\u00adced Micro Devices, Inc. (<span class=\"caps\">AMD<\/span>) such <span class=\"caps\">AMD<\/span>\u2019s preli\u00admi\u00adna\u00adry third quar\u00adter 2022 finan\u00adcial results, expec\u00adted inven\u00adto\u00adry, pri\u00adcing and rela\u00adted reser\u00adve char\u00adges in the gra\u00adphics and cli\u00adent busi\u00adnesses; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to deli\u00adver its lea\u00adder\u00adship pro\u00adduct road\u00admap; and laun\u00adching next-gene\u00adra\u00adti\u00adon 5 nm data cen\u00adter and gra\u00adphics pro\u00adducts in the fourth quar\u00adter of 2022, which are made pur\u00adsu\u00adant to the Safe Har\u00adbor pro\u00advi\u00adsi\u00adons of the Pri\u00adva\u00adte Secu\u00adri\u00adties Liti\u00adga\u00adti\u00adon Reform Act of 1995. For\u00adward-loo\u00adking state\u00adments are com\u00admon\u00adly iden\u00adti\u00adfied by words such as \u201cwould,\u201d \u201cmay,\u201d \u201cexpects,\u201d \u201cbelie\u00adves,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cpro\u00adjects\u201d and other terms with simi\u00adlar mea\u00adning. Inves\u00adtors are cau\u00adtio\u00adned that the for\u00adward-loo\u00adking state\u00adments in this press release are based on cur\u00adrent beliefs, assump\u00adti\u00adons and expec\u00adta\u00adti\u00adons, speak only as of the date of this press release and invol\u00adve risks and uncer\u00adtain\u00adties that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons. Such state\u00adments are sub\u00adject to cer\u00adtain known and unknown risks and uncer\u00adtain\u00adties, many of which are dif\u00adfi\u00adcult to pre\u00addict and gene\u00adral\u00adly bey\u00adond <span class=\"caps\">AMD<\/span>\u2019s con\u00adtrol, that could cau\u00adse actu\u00adal results and other future events to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse expres\u00adsed in, or impli\u00aded or pro\u00adjec\u00adted by, the for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon and state\u00adments. Mate\u00adri\u00adal fac\u00adtors that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons include, wit\u00adhout limi\u00adta\u00adti\u00adon, the fol\u00adlo\u00adwing: Intel Corporation\u2019s domi\u00adnan\u00adce of the micro\u00adpro\u00adces\u00adsor mar\u00adket and its aggres\u00adsi\u00adve busi\u00adness prac\u00adti\u00adces; glo\u00adbal eco\u00adno\u00admic uncer\u00adtain\u00adty; loss of a signi\u00adfi\u00adcant cus\u00adto\u00admer; impact of the <span class=\"caps\">COVID-19<\/span> pan\u00adde\u00admic on <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness, finan\u00adcial con\u00addi\u00adti\u00adon and results of ope\u00adra\u00adti\u00adons; com\u00adpe\u00adti\u00adti\u00adve mar\u00adkets in which <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts are sold; mar\u00adket con\u00addi\u00adti\u00adons of the indus\u00adtries in which <span class=\"caps\">AMD<\/span> pro\u00adducts are sold; cycli\u00adcal natu\u00adre of the semi\u00adcon\u00adduc\u00adtor indus\u00adtry; quar\u00adter\u00adly and sea\u00adso\u00adnal sales pat\u00adterns; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to ade\u00adqua\u00adte\u00adly pro\u00adtect its tech\u00adno\u00adlo\u00adgy or other intellec\u00adtu\u00adal pro\u00adper\u00adty; unfa\u00advorable cur\u00adren\u00adcy exch\u00adan\u00adge rate fluc\u00adtua\u00adtions; abili\u00adty of third par\u00adty manu\u00adfac\u00adtu\u00adr\u00aders to manu\u00adfac\u00adtu\u00adre <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts on a time\u00adly basis in suf\u00adfi\u00adci\u00adent quan\u00adti\u00adties and using com\u00adpe\u00adti\u00adti\u00adve tech\u00adno\u00adlo\u00adgies; avai\u00adla\u00adbi\u00adli\u00adty of essen\u00adti\u00adal equip\u00adment, mate\u00adri\u00adals, sub\u00adstra\u00adtes or manu\u00adfac\u00adtu\u00adring pro\u00adces\u00adses; abili\u00adty to achie\u00adve expec\u00adted manu\u00adfac\u00adtu\u00adring yields for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to intro\u00addu\u00adce pro\u00adducts on a time\u00adly basis with expec\u00adted fea\u00adtures and per\u00adfor\u00admance levels; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte reve\u00adnue from its semi-cus\u00adtom SoC pro\u00adducts; poten\u00adti\u00adal secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties; poten\u00adti\u00adal secu\u00adri\u00adty inci\u00addents inclu\u00adding <span class=\"caps\">IT<\/span> outa\u00adges, data loss, data brea\u00adches and cyber-attacks; poten\u00adti\u00adal dif\u00adfi\u00adcul\u00adties in upgrading and ope\u00adra\u00adting <span class=\"caps\">AMD<\/span>\u2019s new enter\u00adpri\u00adse resour\u00adce plan\u00adning sys\u00adtem; uncer\u00adtain\u00adties invol\u00adving the orde\u00adring and ship\u00adment of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty intellec\u00adtu\u00adal pro\u00adper\u00adty to design and intro\u00addu\u00adce new pro\u00adducts in a time\u00adly man\u00adner; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty com\u00adpa\u00adnies for design, manu\u00adfac\u00adtu\u00adre and sup\u00adp\u00adly of mother\u00adboards, soft\u00adware and other com\u00adpu\u00adter plat\u00adform com\u00adpon\u00adents; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on Micro\u00adsoft and other soft\u00adware ven\u00addors\u2019 sup\u00adport to design and deve\u00adlop soft\u00adware to run on <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty dis\u00adtri\u00adbu\u00adtors and add-in-board part\u00adners; impact of modi\u00adfi\u00adca\u00adti\u00adon or inter\u00adrup\u00adti\u00adon of <span class=\"caps\">AMD<\/span>\u2019s inter\u00adnal busi\u00adness pro\u00adces\u00adses and infor\u00adma\u00adti\u00adon sys\u00adtems; com\u00adpa\u00adti\u00adbi\u00adli\u00adty of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts with some or all indus\u00adtry-stan\u00addard soft\u00adware and hard\u00adware; cos\u00adts rela\u00adted to defec\u00adti\u00adve pro\u00adducts; effi\u00adci\u00aden\u00adcy of <span class=\"caps\">AMD<\/span>\u2019s sup\u00adp\u00adly chain; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to rely on third par\u00adty sup\u00adp\u00adly-chain logi\u00adstics func\u00adtions; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to effec\u00adtively con\u00adtrol sales of its pro\u00adducts on the gray mar\u00adket; impact of govern\u00adment actions and regu\u00adla\u00adti\u00adons such as export admi\u00adnis\u00adtra\u00adti\u00adon regu\u00adla\u00adti\u00adons, tariffs and trade pro\u00adtec\u00adtion mea\u00adsu\u00adres; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to rea\u00adli\u00adze its defer\u00adred tax assets; poten\u00adti\u00adal tax lia\u00adbi\u00adli\u00adties; cur\u00adrent and future claims and liti\u00adga\u00adti\u00adon; impact of envi\u00adron\u00admen\u00adtal laws, con\u00adflict mine\u00adrals-rela\u00adted pro\u00advi\u00adsi\u00adons and other laws or regu\u00adla\u00adti\u00adons; impact of acqui\u00adsi\u00adti\u00adons, joint ven\u00adtures and\/or invest\u00adments, inclu\u00adding acqui\u00adsi\u00adti\u00adons of Xilinx and Pen\u00adsan\u00addo, on <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness and <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to inte\u00adgra\u00adte acqui\u00adred busi\u00adnesses; impact of any impair\u00adment of the com\u00adbi\u00adned company\u2019s assets on the com\u00adbi\u00adned company\u2019s finan\u00adcial posi\u00adti\u00adon and results of ope\u00adra\u00adti\u00adon; rest\u00adric\u00adtions impo\u00adsed by agree\u00adments gover\u00adning <span class=\"caps\">AMD<\/span>\u2019s notes, the gua\u00adran\u00adtees of Xilinx\u2019s notes and the revol\u00adving cre\u00addit faci\u00adli\u00adty; <span class=\"caps\">AMD<\/span>\u2019s indeb\u00adted\u00adness; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent cash to meet its working capi\u00adtal requi\u00adre\u00adments or gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent reve\u00adnue and ope\u00adra\u00adting cash flow to make all of its plan\u00adned R<span class=\"amp\">&amp;<\/span>D or stra\u00adte\u00adgic invest\u00adments; poli\u00adti\u00adcal, legal, eco\u00adno\u00admic risks and natu\u00adral dis\u00adas\u00adters; future impairm\u00adents of good\u00adwill and tech\u00adno\u00adlo\u00adgy licen\u00adse purcha\u00adses; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to attract and retain qua\u00adli\u00adfied per\u00adson\u00adnel; <span class=\"caps\">AMD<\/span>\u2019s stock pri\u00adce vola\u00adti\u00adli\u00adty; and world\u00adwi\u00adde poli\u00adti\u00adcal con\u00addi\u00adti\u00adons. Inves\u00adtors are urged to review in detail the risks and uncer\u00adtain\u00adties in <span class=\"caps\">AMD<\/span>\u2019s Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon filings, inclu\u00adding but not limi\u00adt\u00aded to <span class=\"caps\">AMD<\/span>\u2019s most recent reports on Forms 10\u2011K and 10\u2011Q.<\/p>\n<table align=\"center\">\n<tbody>\n<tr>\n<td><sup>(*)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>In this press release, in addi\u00adti\u00adon to sel\u00adec\u00adted preli\u00admi\u00adna\u00adry <span class=\"caps\">GAAP<\/span> finan\u00adcial results, <span class=\"caps\">AMD<\/span> has pro\u00advi\u00added preli\u00admi\u00adna\u00adry non-GAAP finan\u00adcial mea\u00adsu\u00adres inclu\u00adding non-GAAP gross mar\u00adgin and non-GAAP ope\u00adra\u00adting expen\u00adses. <span class=\"caps\">AMD<\/span> uses a nor\u00adma\u00adli\u00adzed tax rate in its com\u00adpu\u00adta\u00adti\u00adon of the non-GAAP inco\u00adme tax pro\u00advi\u00adsi\u00adon to pro\u00advi\u00adde bet\u00adter con\u00adsis\u00adten\u00adcy across the report\u00ading peri\u00adods. For fis\u00adcal 2022, <span class=\"caps\">AMD<\/span> uses a pro\u00adjec\u00adted non-GAAP tax rate of 13%, which excludes the tax impact of pre-tax non-GAAP adjus\u00adt\u00adments, reflec\u00adting curr\u00adent\u00adly available infor\u00adma\u00adti\u00adon. <span class=\"caps\">AMD<\/span> is pro\u00advi\u00adding the\u00adse preli\u00admi\u00adna\u00adry finan\u00adcial mea\u00adsu\u00adres becau\u00adse it belie\u00adves this non-GAAP pre\u00adsen\u00adta\u00adti\u00adon makes it easier for inves\u00adtors to compa\u00adre its ope\u00adra\u00adting results for cur\u00adrent and his\u00adto\u00adri\u00adcal peri\u00adods and also becau\u00adse <span class=\"caps\">AMD<\/span> belie\u00adves it assists inves\u00adtors in com\u00adpa\u00adring <span class=\"caps\">AMD<\/span>\u2019s per\u00adfor\u00admance across report\u00ading peri\u00adods on a con\u00adsis\u00adtent basis by exclu\u00adding items that it does not belie\u00adve are indi\u00adca\u00adti\u00adve of its core ope\u00adra\u00adting per\u00adfor\u00admance. The preli\u00admi\u00adna\u00adry non-GAAP finan\u00adcial mea\u00adsu\u00adres dis\u00adc\u00adlo\u00adsed in this press release should be view\u00aded in addi\u00adti\u00adon to and not as a sub\u00adsti\u00adtu\u00adte for or supe\u00adri\u00ador to <span class=\"caps\">AMD<\/span>\u2019s preli\u00admi\u00adna\u00adry results pre\u00adpared in accordance with <span class=\"caps\">GAAP<\/span>. The\u00adse preli\u00admi\u00adna\u00adry non-GAAP finan\u00adcial mea\u00adsu\u00adres refe\u00adren\u00adced are recon\u00adci\u00adled to their most direct\u00adly com\u00adpa\u00adra\u00adble preli\u00admi\u00adna\u00adry <span class=\"caps\">GAAP<\/span> finan\u00adcial mea\u00adsu\u00adres at the end of this press release.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td><sup>(2)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>The Data Cen\u00adter seg\u00adment pri\u00adma\u00adri\u00adly includes ser\u00adver micro\u00adpro\u00adces\u00adsors, GPUs, data pro\u00adces\u00adsing units (DPUs), Field Pro\u00adgramma\u00adble Gate Arrays (FPGAs) and adap\u00adti\u00adve SoC pro\u00adducts for data centers.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">&nbsp;<\/td>\n<td>The Cli\u00adent seg\u00adment pri\u00adma\u00adri\u00adly includes micro\u00adpro\u00adces\u00adsors, acce\u00adle\u00adra\u00adted pro\u00adces\u00adsing units (APUs) that inte\u00adgra\u00adte micro\u00adpro\u00adces\u00adsors and gra\u00adphics, and chip\u00adsets for desk\u00adtop and note\u00adbook per\u00adso\u00adnal computers.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">&nbsp;<\/td>\n<td>The Gam\u00ading seg\u00adment pri\u00adma\u00adri\u00adly includes dis\u00adcrete gra\u00adphics pro\u00adces\u00adsing units (GPUs), semi-cus\u00adtom Sys\u00adtem-on-Chip (SoC) pro\u00adducts and deve\u00adlo\u00adp\u00adment services.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">&nbsp;<\/td>\n<td>The Embedded seg\u00adment pri\u00adma\u00adri\u00adly includes embedded micro\u00adpro\u00adces\u00adsors, GPUs, FPGAs, adap\u00adti\u00adve SoC pro\u00adducts, and Adap\u00adti\u00adve Com\u00adpu\u00adte Acce\u00adle\u00adra\u00adti\u00adon Plat\u00adform (<span class=\"caps\">ACAP<\/span>) products.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">&nbsp;<\/td>\n<td>From time to time, the Com\u00adpa\u00adny may also sell or licen\u00adse por\u00adti\u00adons of its <span class=\"caps\">IP<\/span> portfolio.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">&nbsp;<\/td>\n<td>All Other cate\u00adgo\u00adry pri\u00adma\u00adri\u00adly includes cer\u00adtain expen\u00adses and cre\u00addits that are not allo\u00adca\u00adted to any of the ope\u00adra\u00adting seg\u00adments. Also included in this cate\u00adgo\u00adry are acqui\u00adsi\u00adti\u00adon-rela\u00adted intan\u00adgi\u00adble asset amor\u00adtiza\u00adti\u00adon expen\u00adse, stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse, acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts and licen\u00adsing&nbsp;gain.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong><span class=\"caps\">RECONCILIATION<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">GAAP<\/span> <span class=\"caps\">TO<\/span> <span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">FINANCIAL<\/span> <span class=\"caps\">MEASURES<\/span><\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong>(Unau\u00addi\u00adted)<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong><span class=\"caps\">Q3<\/span> <span class=\"caps\">FY22<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>Preli\u00admi\u00adna\u00adry Results<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong><span class=\"caps\">GAAP<\/span> gross margin&nbsp;%<\/strong><\/td>\n<td><strong>~42%<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon, acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts<sup>(3)<\/sup>, amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td>~8 pps<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong>Non-GAAP gross margin&nbsp;%<\/strong><\/td>\n<td><strong>~50%<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting expen\u00adses ($ in billions)<\/strong><\/td>\n<td><strong>~$2.4<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon, acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts<sup>(3)<\/sup>, amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td>~$(0.9)<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><strong>Non-GAAP ope\u00adra\u00adting expenses<\/strong><\/td>\n<td><strong>~$1.5<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><sup>(3)<\/sup><\/td>\n<td colspan=\"2\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts pri\u00adma\u00adri\u00adly com\u00adpri\u00adsed of tran\u00adsac\u00adtion cos\u00adts, purcha\u00adse pri\u00adce adjus\u00adt\u00adments for inven\u00adto\u00adry and cer\u00adtain com\u00adpen\u00adsa\u00adti\u00adon charges<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\"><strong><em><span class=\"caps\">AMD<\/span>, the <span class=\"caps\">AMD<\/span> Arrow logo, <span class=\"caps\">EPYC<\/span>, Rade\u00adon, Ryzen, Thre\u00adad\u00adrip\u00adper, Ver\u00adsal and com\u00adbi\u00adna\u00adti\u00adons the\u00adreof, are trade\u00admarks of Advan\u00adced Micro Devices, Inc. Other names are for infor\u00adma\u00adtio\u00adnal pur\u00adpo\u00adses only and used to iden\u00adti\u00adfy com\u00adpa\u00adnies and pro\u00adducts and may be trade\u00admarks of their respec\u00adti\u00adve&nbsp;owner<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<ul type=\"disc\">\n<li><em>Preli\u00admi\u00adna\u00adry third quar\u00adter reve\u00adnue of appro\u00adxi\u00adm\u00adate\u00adly $5.6 bil\u00adli\u00adon, lower than pri\u00ador out\u00adlook of $6.7 bil\u00adli\u00adon plus or minus $200 mil\u00adli\u00adon, pri\u00adma\u00adri\u00adly due to wea\u00adk\u00ader Cli\u00adent seg\u00adment revenue<\/em><\/li>\n<li><em>Reve\u00adnue for Data Cen\u00adter, Gam\u00ading, and Embedded Seg\u00adments each grew signi\u00adfi\u00adcant\u00adly year-over-year and in-line with the company\u2019s expectations<\/em><\/li>\n<li><em>Manage\u00adment to dis\u00adcuss finan\u00adcial results and out\u00adlook on Nov. 1 ear\u00adnings&nbsp;call<\/em><\/li>\n<\/ul>\n<p align=\"justify\"><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., Oct. 06, 2022 (<span class=\"caps\">GLOBE<\/span> <span class=\"caps\">NEWSWIRE<\/span>) \u2014&nbsp;<a href=\"http:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"caps\">AMD<\/span><\/a>&nbsp;(<span class=\"caps\">NASDAQ<\/span>:<span class=\"caps\">AMD<\/span>) today announ\u00adced sel\u00adec\u00adted preli\u00admi\u00adna\u00adry finan\u00adcial results for the third quar\u00adter of&nbsp;2022.<\/p>\n<p align=\"justify\">Third quar\u00adter reve\u00adnue is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly $5.6 bil\u00adli\u00adon, an increase of 29% year-over-year. <span class=\"caps\">AMD<\/span> pre\u00advious\u00adly expec\u00adted reve\u00adnue to increase appro\u00adxi\u00adm\u00adate\u00adly 55% year-over-year at the mid-point of gui\u00addance. Preli\u00admi\u00adna\u00adry results reflect lower than expec\u00adted Cli\u00adent seg\u00adment reve\u00adnue resul\u00adting from redu\u00adced pro\u00adces\u00adsor ship\u00adments due to a wea\u00adk\u00ader than expec\u00adted <span class=\"caps\">PC<\/span> mar\u00adket and signi\u00adfi\u00adcant inven\u00adto\u00adry cor\u00adrec\u00adtion actions across the <span class=\"caps\">PC<\/span> sup\u00adp\u00adly&nbsp;chain.<\/p>\n<p align=\"justify\">Reve\u00adnue for the Data Cen\u00adter, Gam\u00ading, and Embedded seg\u00adments each increased signi\u00adfi\u00adcant\u00adly year-over-year in-line with the company\u2019s expectations.<\/p>\n<p align=\"justify\">Gross mar\u00adgin is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly 42% and non-GAAP<sup>(*)<\/sup>&nbsp;gross mar\u00adgin is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly 50%. <span class=\"caps\">AMD<\/span> pre\u00advious\u00adly expec\u00adted non-GAAP gross mar\u00adgin to be appro\u00adxi\u00adm\u00adate\u00adly 54%. The gross mar\u00adgin short\u00adfall to expec\u00adta\u00adti\u00adons was pri\u00adma\u00adri\u00adly due to lower reve\u00adnue dri\u00adven by lower Cli\u00adent pro\u00adces\u00adsor unit ship\u00adments and avera\u00adge sel\u00adling pri\u00adce (<span class=\"caps\">ASP<\/span>). In addi\u00adti\u00adon, the third quar\u00adter results are expec\u00adted to include appro\u00adxi\u00adm\u00adate\u00adly $160 mil\u00adli\u00adon of char\u00adges pri\u00adma\u00adri\u00adly for inven\u00adto\u00adry, pri\u00adcing, and rela\u00adted reser\u00adves in the gra\u00adphics and cli\u00adent busi\u00adnesses. (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/66803-amd-announces-preliminary-third-quarter-2022-financial-results\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[2711,966,1599,2773],"class_list":["post-66803","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-2711","tag-amd","tag-q3","tag-umsatzwarnung","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/66803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=66803"}],"version-history":[{"count":2,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/66803\/revisions"}],"predecessor-version":[{"id":66871,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/66803\/revisions\/66871"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=66803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=66803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=66803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}