{"id":68047,"date":"2023-08-01T22:28:43","date_gmt":"2023-08-01T20:28:43","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=68047"},"modified":"2023-08-01T22:28:43","modified_gmt":"2023-08-01T20:28:43","slug":"amd-reports-second-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/68047-amd-reports-second-quarter-2023-financial-results\/","title":{"rendered":"AMD<\/span> Reports Second Quarter 2023 Financial Results"},"content":{"rendered":"

SANTA<\/span> CLARA<\/span>, Calif., Aug. 01, 2023 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the second quar\u00adter of 2023 of $5.4 bil\u00adli\u00adon, gross mar\u00adgin of 46%, ope\u00adra\u00adting loss of $20 mil\u00adli\u00adon, net inco\u00adme of $27 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.02. 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 $948 mil\u00adli\u00adon and diluted ear\u00adnings per share was $0.58.<\/p>\n

\u201c<\/span>We deli\u00adver\u00aded strong results in the second quar\u00adter as 4th<\/sup> Gen EPYC<\/span> and Ryzen 7000 pro\u00adces\u00adsors ram\u00adped signi\u00adfi\u00adcant\u00adly,\u201d said AMD<\/span> Chair and CEO<\/span> Dr. Lisa Su. \u201cOur AI<\/span> enga\u00adge\u00adments increased by more than seven times in the quar\u00adter as mul\u00adti\u00adple cus\u00adto\u00admers initia\u00adted or expan\u00added pro\u00adgrams sup\u00adport\u00ading future deploy\u00adments of Instinct acce\u00adle\u00adra\u00adtors at sca\u00adle. We made strong pro\u00adgress mee\u00adting key hard\u00adware and soft\u00adware mile\u00adsto\u00adnes to address the gro\u00adwing cus\u00adto\u00admer pull for our data cen\u00adter AI<\/span> solu\u00adti\u00adons and are on-track to launch and ramp pro\u00adduc\u00adtion of MI300<\/span> acce\u00adle\u00adra\u00adtors in the fourth quarter.\u201d<\/p>\n

\u201c<\/span>We are plea\u00adsed with our second quar\u00adter exe\u00adcu\u00adti\u00adon,\u201d said AMD<\/span> EVP<\/span>, CFO<\/span> and Tre\u00adasurer Jean Hu. \u201cLoo\u00adking to the third quar\u00adter, we expect our Data Cen\u00adter and Cli\u00adent seg\u00adment reve\u00adnues to each grow by a dou\u00adble-digit per\u00adcen\u00adta\u00adge sequen\u00adti\u00adal\u00adly dri\u00adven by incre\u00adasing demand for our EPYC<\/span> and Ryzen pro\u00adces\u00adsors, par\u00adti\u00adal\u00adly off\u00adset by Gam\u00ading and Embedded seg\u00adment declines.\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>\nQ2<\/span> 2023<\/strong><\/td>\nQ2<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ1<\/span> 2023<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$5,359<\/td>\n$6,550<\/td>\nDown 18%<\/td>\n$5,353<\/td>\nFlat<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,443<\/td>\n$3,028<\/td>\nDown 19%<\/td>\n$2,359<\/td>\nUp 4%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n46%<\/td>\n46%<\/td>\nFlat<\/td>\n44%<\/td>\nUp 2ppts<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$2,471<\/td>\n$2,508<\/td>\nDown 1%<\/td>\n$2,514<\/td>\nDown 2%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme (loss) ($M)<\/td>\n$(20)<\/td>\n$526<\/td>\nDown 104%<\/td>\n$(145)<\/td>\nUp 86%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin<\/td>\n0%<\/td>\n8%<\/td>\nDown 8 ppts<\/td>\n(3)%<\/td>\nUp 3ppts<\/td>\n<\/tr>\n
Net inco\u00adme (loss) ($M)<\/td>\n$27<\/td>\n$447<\/td>\nDown 94%<\/td>\n$(139)<\/td>\nUp 119%<\/td>\n<\/tr>\n
Ear\u00adnings (loss) per share<\/td>\n$0.02<\/td>\n$0.27<\/td>\nDown 93%<\/td>\n$(0.09)<\/td>\nUp 122%<\/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>\nQ2<\/span> 2023<\/strong><\/td>\nQ2<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ1<\/span> 2023<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$5,359<\/td>\n$6,550<\/td>\nDown 18%<\/td>\n$5,353<\/td>\nFlat<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,665<\/td>\n$3,538<\/td>\nDown 25%<\/td>\n$2,675<\/td>\nFlat<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n50%<\/td>\n54%<\/td>\nDown 4 ppts<\/td>\n50%<\/td>\nFlat<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$1,605<\/td>\n$1,562<\/td>\nUp 3%<\/td>\n$1,587<\/td>\nUp 1%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,068<\/td>\n$1,982<\/td>\nDown 46%<\/td>\n$1,098<\/td>\nDown 3%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin<\/td>\n20%<\/td>\n30%<\/td>\nDown 10 ppts<\/td>\n21%<\/td>\nDown 1ppt<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$948<\/td>\n$1,707<\/td>\nDown 44%<\/td>\n$970<\/td>\nDown 2%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$0.58<\/td>\n$1.05<\/td>\nDown 45%<\/td>\n$0.60<\/td>\nDown 3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Quar\u00adter\u00adly Seg\u00adment Summary<\/strong><\/p>\n