{"id":67920,"date":"2023-05-02T22:36:04","date_gmt":"2023-05-02T20:36:04","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=67920"},"modified":"2023-05-02T22:36:04","modified_gmt":"2023-05-02T20:36:04","slug":"amd-reports-first-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/67920-amd-reports-first-quarter-2023-financial-results\/","title":{"rendered":"AMD<\/span> Reports First Quarter 2023 Financial Results"},"content":{"rendered":"

SANTA<\/span> CLARA<\/span>, Calif., May 02, 2023 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the first quar\u00adter of 2023 of $5.4 bil\u00adli\u00adon, gross mar\u00adgin of 44%, ope\u00adra\u00adting loss of $145 mil\u00adli\u00adon, net loss of $139 mil\u00adli\u00adon and diluted loss per share of $0.09. On a non-GAAP(<\/sup>*)<\/sup> basis, gross mar\u00adgin was 50%, ope\u00adra\u00adting inco\u00adme was $1.1 bil\u00adli\u00adon, net inco\u00adme was $970 mil\u00adli\u00adon and diluted ear\u00adnings per share was $0.60.<\/p>\n

\u201c<\/span>We exe\u00adcu\u00adted very well in the first quar\u00adter as we deli\u00adver\u00aded bet\u00adter than expec\u00adted reve\u00adnue and ear\u00adnings in a mixed demand envi\u00adron\u00adment,\u201d said AMD<\/span> Chair and CEO<\/span> Dr. Lisa Su. \u201cWe laun\u00adched mul\u00adti\u00adple lea\u00adder\u00adship pro\u00adducts and made signi\u00adfi\u00adcant pro\u00adgress acce\u00adle\u00adra\u00adting our AI<\/span> road\u00admap and cus\u00adto\u00admer enga\u00adge\u00adments in the quar\u00adter. Lon\u00adger-term, we see signi\u00adfi\u00adcant growth oppor\u00adtu\u00adni\u00adties as we suc\u00adcessful\u00adly deli\u00adver our road\u00admaps, exe\u00adcu\u00adte our stra\u00adte\u00adgic data cen\u00adter and embedded prio\u00adri\u00adties and acce\u00adle\u00adra\u00adte adop\u00adti\u00adon of our AI<\/span> portfolio.\u201d<\/p>\n

\u201c<\/span>Our stra\u00adte\u00adgi\u00adcal\u00adly important Data Cen\u00adter and Embedded seg\u00adments con\u00adtri\u00adbu\u00adted more than 50 per\u00adcent of reve\u00adnue in the first quar\u00adter,\u201d said AMD<\/span> EVP<\/span>, CFO<\/span> and Tre\u00adasurer Jean Hu. \u201cFor the second quar\u00adter we expect sequen\u00adti\u00adal growth in our Data Cen\u00adter and Cli\u00adent seg\u00adments off\u00adset by mode\u00adst decli\u00adnes in our Gam\u00ading and Embedded seg\u00adments. We remain con\u00adfi\u00addent in our growth in the second half of the year as the PC<\/span> and ser\u00adver mar\u00adkets streng\u00adthen and our new pro\u00adducts ramp.\u201d<\/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>\nQ1<\/span> 2023<\/strong><\/td>\nQ1<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$5,353<\/td>\n$5,887<\/td>\nDown 9%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,359<\/td>\n$2,818<\/td>\nDown 16%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n44%<\/td>\n48%<\/td>\nDown 4 ppts<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$2,514<\/td>\n$1,950<\/td>\nUp 29%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme (loss) ($M)<\/td>\n$(145)<\/td>\n$951<\/td>\nDown 115%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n(3)%<\/td>\n16%<\/td>\nDown 19 ppts<\/td>\n<\/tr>\n
Net inco\u00adme (loss) ($M)<\/td>\n$(139)<\/td>\n$786<\/td>\nDown 118%<\/td>\n<\/tr>\n
Ear\u00adnings (loss) per share<\/td>\n$(0.09)<\/td>\n$0.56<\/td>\nDown 116%<\/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>\nQ1<\/span> 2023<\/strong><\/td>\nQ1<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$5,353<\/td>\n$5,887<\/td>\nDown 9%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,675<\/td>\n$3,100<\/td>\nDown 14%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n50%<\/td>\n53%<\/td>\nDown 3 ppts<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$1,587<\/td>\n$1,346<\/td>\nUp 18%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,098<\/td>\n$1,837<\/td>\nDown 40%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n21%<\/td>\n31%<\/td>\nDown 10 ppts<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$970<\/td>\n$1,589<\/td>\nDown 39%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$0.60<\/td>\n$1.13<\/td>\nDown 47%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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