{"id":68123,"date":"2023-11-02T09:17:08","date_gmt":"2023-11-02T08:17:08","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=68123"},"modified":"2023-11-02T09:17:08","modified_gmt":"2023-11-02T08:17:08","slug":"amd-reports-third-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/68123-amd-reports-third-quarter-2023-financial-results\/","title":{"rendered":"AMD<\/span> Reports Third Quarter 2023 Financial Results"},"content":{"rendered":"

SANTA<\/span> CLARA<\/span>, Calif., Oct. 31, 2023 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the third quar\u00adter of 2023 of $5.8 bil\u00adli\u00adon, gross mar\u00adgin of 47%, ope\u00adra\u00adting inco\u00adme of $224 mil\u00adli\u00adon, net inco\u00adme of $299 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.18. On a non-GAAP(<\/sup>*)<\/sup> basis, gross mar\u00adgin was 51%, 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 $0.70.<\/p>\n

\u201c<\/span>We deli\u00adver\u00aded strong reve\u00adnue and ear\u00adnings growth dri\u00adven by demand for our Ryzen 7000 series PC<\/span> pro\u00adces\u00adsors and record ser\u00adver pro\u00adces\u00adsor sales,\u201d said AMD<\/span> Chair and CEO<\/span> Dr. Lisa Su. \u201cOur data cen\u00adter busi\u00adness is on a signi\u00adfi\u00adcant growth tra\u00adjec\u00adto\u00adry based on the strength of our EPYC<\/span> CPU<\/span> port\u00adfo\u00adlio and the ramp of Instinct MI300<\/span> acce\u00adle\u00adra\u00adtor ship\u00adments to sup\u00adport mul\u00adti\u00adple deploy\u00adments with hypers\u00adca\u00adle, enter\u00adpri\u00adse and AI<\/span> customers.\u201d<\/p>\n

\u201c<\/span>We exe\u00adcu\u00adted well in the third quar\u00adter, deli\u00adve\u00adring year-over-year growth in reve\u00adnue, gross mar\u00adgin and ear\u00adnings per share,\u201d said AMD<\/span> EVP<\/span>, CFO<\/span> and Tre\u00adasurer Jean Hu. \u201cIn the fourth quar\u00adter, we expect to see strong growth in Data Cen\u00adter and con\u00adtin\u00adued momen\u00adtum in Cli\u00adent, par\u00adti\u00adal\u00adly off\u00adset by lower sales in the Gam\u00ading seg\u00adment and addi\u00adtio\u00adnal sof\u00adtening of demand in the embedded markets.\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>\nQ3<\/span> 2023<\/strong><\/td>\nQ3<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ2<\/span> 2023<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$5,800<\/td>\n$5,565<\/td>\nUp 4%<\/td>\n$5,359<\/td>\nUp 8%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,747<\/td>\n$2,354<\/td>\nUp 17%<\/td>\n$2,443<\/td>\nUp 12%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n47%<\/td>\n42%<\/td>\nUp 5 ppts<\/td>\n46%<\/td>\nUp 1 ppt<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$2,533<\/td>\n$2,426<\/td>\nUp 4%<\/td>\n$2,471<\/td>\nUp 3%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme (loss) ($M)<\/td>\n$224<\/td>\n$(64)<\/td>\nUp 450%<\/td>\n$(20)<\/td>\nUp 1,220%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin<\/td>\n4%<\/td>\n(1%)<\/td>\nUp 5 ppts<\/td>\n0%<\/td>\nUp 4 ppts<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$299<\/td>\n$66<\/td>\nUp 353%<\/td>\n$27<\/td>\nUp 1,007%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.18<\/td>\n$0.04<\/td>\nUp 350%<\/td>\n$0.02<\/td>\nUp 800%<\/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> 2023<\/strong><\/td>\nQ3<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ2<\/span> 2023<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$5,800<\/td>\n$5,565<\/td>\nUp 4%<\/td>\n$5,359<\/td>\nUp 8%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,963<\/td>\n$2,776<\/td>\nUp 7%<\/td>\n$2,665<\/td>\nUp 11%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n51%<\/td>\n50%<\/td>\nUp 1 ppt<\/td>\n50%<\/td>\nUp 1 ppt<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$1,697<\/td>\n$1,520<\/td>\nUp 12%<\/td>\n$1,605<\/td>\nUp 6%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,276<\/td>\n$1,264<\/td>\nFlat<\/td>\n$1,068<\/td>\nUp 19%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin<\/td>\n22%<\/td>\n23%<\/td>\nDown 1 ppt<\/td>\n20%<\/td>\nUp 2 ppts<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$1,135<\/td>\n$1,095<\/td>\nUp 4%<\/td>\n$948<\/td>\nUp 20%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.70<\/td>\n$0.67<\/td>\nUp 4%<\/td>\n$0.58<\/td>\nUp 21%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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