{"id":68181,"date":"2024-02-04T11:31:13","date_gmt":"2024-02-04T10:31:13","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=68181"},"modified":"2024-02-04T11:31:13","modified_gmt":"2024-02-04T10:31:13","slug":"amd-reports-fourth-quarter-and-full-year-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/68181-amd-reports-fourth-quarter-and-full-year-2023-financial-results\/","title":{"rendered":"AMD<\/span> Reports Fourth Quarter and Full Year 2023 Financial Results"},"content":{"rendered":"

SANTA<\/span> CLARA<\/span>, Calif., Jan. 30, 2024 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the fourth quar\u00adter of 2023 of $6.2 bil\u00adli\u00adon, gross mar\u00adgin of 47%, ope\u00adra\u00adting inco\u00adme of $342 mil\u00adli\u00adon, net inco\u00adme of $667 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.41. On a non-GAAP(<\/sup>*)<\/sup> basis, gross mar\u00adgin was 51%, ope\u00adra\u00adting inco\u00adme was $1.4 bil\u00adli\u00adon, net inco\u00adme was $1.2 bil\u00adli\u00adon and diluted ear\u00adnings per share was $0.77.<\/p>\n

For the full year 2023, the com\u00adpa\u00adny repor\u00adted reve\u00adnue of $22.7 bil\u00adli\u00adon, gross mar\u00adgin of 46%, ope\u00adra\u00adting inco\u00adme of $401 mil\u00adli\u00adon, net inco\u00adme of $854 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.53. On a non-GAAP(<\/sup>*)<\/sup> basis, gross mar\u00adgin was 50%, ope\u00adra\u00adting inco\u00adme was $4.9 bil\u00adli\u00adon, net inco\u00adme was $4.3 bil\u00adli\u00adon and diluted ear\u00adnings per share was $2.65.<\/p>\n

\u201c<\/span>We finis\u00adhed 2023 strong, with sequen\u00adti\u00adal and year-over-year reve\u00adnue and ear\u00adnings growth dri\u00adven by record quar\u00adter\u00adly AMD<\/span> Instinct GPU<\/span> and EPYC<\/span> CPU<\/span> sales and hig\u00adher AMD<\/span> Ryzen pro\u00adces\u00adsor sales,\u201d said AMD<\/span> Chair and CEO<\/span> Dr. Lisa Su. \u201cDemand for our high-per\u00adfor\u00admance data cen\u00adter pro\u00adduct port\u00adfo\u00adlio con\u00adti\u00adnues to acce\u00adle\u00adra\u00adte, posi\u00adtio\u00adning us well to deli\u00adver strong annu\u00adal growth in what is an incre\u00addi\u00adbly exci\u00adting time as AI<\/span> re-shapes vir\u00adtual\u00adly every part of the com\u00adpu\u00adting market.\u201d<\/p>\n

 \u201cAMD<\/span> exe\u00adcu\u00adted well in 2023 despi\u00adte a mixed demand envi\u00adron\u00adment,\u201d said AMD<\/span> EVP<\/span>, CFO<\/span> and Tre\u00adasurer Jean Hu. \u201cWe dro\u00adve year-over-year reve\u00adnue growth in our Data Cen\u00adter and Embedded seg\u00adments and suc\u00adcessful\u00adly laun\u00adched our AMD<\/span> Instinct MI300<\/span> GPUs posi\u00adtio\u00adning us for a strong pro\u00adduct ramp in 2024.\u201d<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
GAAP<\/span> Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\nQ4<\/span> 2023<\/strong><\/td>\nQ4<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ3<\/span> 2023<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$6,168<\/td>\n$5,599<\/td>\nUp 10%<\/td>\n$5,800<\/td>\nUp 6%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,911<\/td>\n$2,403<\/td>\nUp 21%<\/td>\n$2,747<\/td>\nUp 6%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n47%<\/td>\n43%<\/td>\nUp 4 ppts<\/td>\n47%<\/td>\nFlat<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$2,575<\/td>\n$2,557<\/td>\nFlat<\/td>\n$2,533<\/td>\nUp 2%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme (loss) ($M)<\/td>\n$342<\/td>\n$(149)<\/td>\nUp 330%<\/td>\n$224<\/td>\nUp 53%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin<\/td>\n6%<\/td>\n(3%)<\/td>\nUp 9 ppts<\/td>\n4%<\/td>\nUp 2 ppts<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$667<\/td>\n$21<\/td>\nUp 3,076%<\/td>\n$299<\/td>\nUp 123%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.41<\/td>\n$0.01<\/td>\nUp 4,000%<\/td>\n$0.18<\/td>\nUp 128%<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Non-GAAP(*) Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\nQ4<\/span> 2023<\/strong><\/td>\nQ4<\/span> 2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ3<\/span> 2023<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$6,168<\/td>\n$5,599<\/td>\nUp 10%<\/td>\n$5,800<\/td>\nUp 6%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$3,133<\/td>\n$2,859<\/td>\nUp 10%<\/td>\n$2,963<\/td>\nUp 6%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n51%<\/td>\n51%<\/td>\nFlat<\/td>\n51%<\/td>\nFlat<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$1,727<\/td>\n$1,602<\/td>\nUp 8%<\/td>\n$1,697<\/td>\nUp 2%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,412<\/td>\n$1,262<\/td>\nUp 12%<\/td>\n$1,276<\/td>\nUp 11%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin<\/td>\n23%<\/td>\n23%<\/td>\nFlat<\/td>\n22%<\/td>\nUp 1 ppt<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$1,249<\/td>\n$1,113<\/td>\nUp 12%<\/td>\n$1,135<\/td>\nUp 10%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.77<\/td>\n$0.69<\/td>\nUp 12%<\/td>\n$0.70<\/td>\nUp 10%<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Annu\u00adal Finan\u00adcial Results<\/strong><\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\nGAAP<\/span><\/strong><\/td>\nNon-GAAP<\/strong>(<\/strong><\/sup>*)<\/strong><\/sup><\/td>\n<\/tr>\n
 <\/td>\n2023<\/strong><\/td>\n2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\n2023<\/strong><\/td>\n2022<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$22,680<\/td>\n$23,601<\/td>\nDown 4%<\/td>\n$22,680<\/td>\n$23,601<\/td>\nDown 4%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$10,460<\/td>\n$10,603<\/td>\nDown 1%<\/td>\n$11,436<\/td>\n$12,273<\/td>\nDown 7%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n46%<\/td>\n45%<\/td>\nUp 1 ppt<\/td>\n50%<\/td>\n52%<\/td>\nDown 2 ppts<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$10,093<\/td>\n$9,441<\/td>\nUp 7%<\/td>\n$6,616<\/td>\n$6,030<\/td>\nUp 10%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$401<\/td>\n$1,264<\/td>\nDown 68%<\/td>\n$4,854<\/td>\n$6,345<\/td>\nDown 23%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n2%<\/td>\n5%<\/td>\nDown 3 ppts<\/td>\n21%<\/td>\n27%<\/td>\nDown 6 ppts<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$854<\/td>\n$1,320<\/td>\nDown 35%<\/td>\n$4,302<\/td>\n$5,504<\/td>\nDown 22%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.53<\/td>\n$0.84<\/td>\nDown 37%<\/td>\n$2.65<\/td>\n$3.50<\/td>\nDown 24%<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Seg\u00adment Summary<\/strong><\/p>\n