{"id":66890,"date":"2022-11-01T21:21:02","date_gmt":"2022-11-01T20:21:02","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=66890"},"modified":"2022-11-01T21:21:02","modified_gmt":"2022-11-01T20:21:02","slug":"amd-reports-third-quarter-2022-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/66890-amd-reports-third-quarter-2022-financial-results\/","title":{"rendered":"AMD<\/span> Reports Third Quarter 2022 Financial Results"},"content":{"rendered":"

\u2015 Data Cen\u00adter, Gam\u00ading and Embedded seg\u00adments each grew signi\u00adfi\u00adcant\u00adly year-over-year and Cli\u00adent seg\u00adment reve\u00adnue was lower than expected \u2015<\/em><\/p>\n

\u2015 Cash and ope\u00adra\u00adting cash flow increased year-over-year \u2015<\/em><\/p>\n

SANTA<\/span> CLARA<\/span>, Calif., Nov. 01, 2022 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the third quar\u00adter of 2022 of $5.6 bil\u00adli\u00adon, gross mar\u00adgin of 42%, ope\u00adra\u00adting loss of $64 mil\u00adli\u00adon, net inco\u00adme of $66 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.04. On a non-GAAP(<\/sup>*<\/sup>)<\/sup> basis, gross mar\u00adgin was 50%, ope\u00adra\u00adting inco\u00adme was $1.3 bil\u00adli\u00adon, net inco\u00adme was $1.1 bil\u00adli\u00adon and diluted ear\u00adnings per share was $0.67.<\/p>\n

GAAP<\/span> Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ3<\/span> 2022<\/strong><\/td>\nQ3<\/span> 2021<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$<\/td>\n5,565<\/td>\n <\/td>\n$<\/td>\n4,313<\/td>\n <\/td>\nUp 29%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$<\/td>\n2,354<\/td>\n <\/td>\n$<\/td>\n2,086<\/td>\n <\/td>\nUp 13%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n <\/td>\n42<\/td>\n%<\/td>\n <\/td>\n48<\/td>\n%<\/td>\nDown 610 bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$<\/td>\n2,426<\/td>\n <\/td>\n$<\/td>\n1,141<\/td>\n <\/td>\nUp 113%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme (loss) ($M)<\/td>\n$<\/td>\n(64<\/td>\n)<\/td>\n$<\/td>\n948<\/td>\n <\/td>\nDown 107%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n <\/td>\n(1<\/td>\n)%<\/td>\n <\/td>\n22<\/td>\n%<\/td>\nDown 23pp<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$<\/td>\n66<\/td>\n <\/td>\n$<\/td>\n923<\/td>\n <\/td>\nDown 93%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$<\/td>\n0.04<\/td>\n <\/td>\n$<\/td>\n0.75<\/td>\n <\/td>\nDown 95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Non-GAAP(*) Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ3<\/span> 2022<\/strong><\/td>\nQ3<\/span> 2021<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$<\/td>\n5,565<\/td>\n <\/td>\n$<\/td>\n4,313<\/td>\n <\/td>\nUp 29%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$<\/td>\n2,776<\/td>\n <\/td>\n$<\/td>\n2,087<\/td>\n <\/td>\nUp 33%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n <\/td>\n50<\/td>\n%<\/td>\n <\/td>\n48<\/td>\n%<\/td>\nUp 150 bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$<\/td>\n1,520<\/td>\n <\/td>\n$<\/td>\n1,035<\/td>\n <\/td>\nUp 47%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$<\/td>\n1,264<\/td>\n <\/td>\n$<\/td>\n1,055<\/td>\n <\/td>\nUp 20%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n <\/td>\n23<\/td>\n%<\/td>\n <\/td>\n24<\/td>\n%<\/td>\nDown 1pp<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$<\/td>\n1,095<\/td>\n <\/td>\n$<\/td>\n893<\/td>\n <\/td>\nUp 23%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$<\/td>\n0.67<\/td>\n <\/td>\n$<\/td>\n0.73<\/td>\n <\/td>\nDown 8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u201c<\/span>Third quar\u00adter results came in below our expec\u00adta\u00adti\u00adons due to the sof\u00adtening PC<\/span> mar\u00adket and sub\u00adstan\u00adti\u00adal inven\u00adto\u00adry reduc\u00adtion actions across the PC<\/span> sup\u00adp\u00adly chain,\u201d said AMD<\/span> Chair and CEO<\/span> Dr. Lisa Su. \u201cDespi\u00adte the chal\u00adlen\u00adging macro envi\u00adron\u00adment, we grew reve\u00adnue 29% year-over-year dri\u00adven by increased sales of our data cen\u00adter, embedded and game con\u00adso\u00adle pro\u00adducts. We are con\u00adfi\u00addent that our lea\u00adder\u00adship pro\u00adduct port\u00adfo\u00adlio, strong balan\u00adce sheet, and ongo\u00ading growth oppor\u00adtu\u00adni\u00adties in our data cen\u00adter and embedded busi\u00adnesses posi\u00adti\u00adon us well to navi\u00adga\u00adte the cur\u00adrent mar\u00adket dynamics.\u201d<\/p>\n

Q3<\/span> 2022 Finan\u00adcial Summary<\/strong><\/p>\n