Technology

AMD Reports Fourth Quarter and Full Year 2023 Financial Results SANTA CLARA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2023 of $6.2 billion, gross margin of 47%, operating income of $342 million, net income of $667 million and diluted earnings per share of $0.41. On a non-GAAP((*) basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For the full year 2023, the company reported revenue of $22.7 billion, gross margin of 46%, operating income of $401 million, net income of $854 million and diluted earnings per share of $0.53. On a non-GAAP((*) basis, gross margin was 50%, operating income was $4.9 billion, net income was $4.3 billion and diluted earnings per share was $2.65. “We finished 2023 strong, with sequential and year-over-year revenue and earnings growth driven

AMD Reports Q4 EPS of $0.77 on Revenue of $6.2 Billion, Vs CIQ Analyst Consensus of $0.77/Share on Revenue of $6.14 Billion。

AMD Q4 Gaming Revenue at $1.4 Billion Vs Visible Alpha Analyst Consensus of $1.25 Billion; Embedded Revenue at $1.1 Billion Vs Consensus of $1.06 Billion。

By Asa Fitch Advanced Micro Devices projected lower-than-expected revenue in the first quarter, citing weakness in some of its core markets even as sales of artificial-intelligence chips grow. AMD expects around $5.4 billion of sales in the current quarter, the company said, up from $5.35 billion the same period last year but behind Wall Street forecasts, according to FactSet. AMD’s stock fell 2% in after-hours trading. The shares have more than doubled over the past 12 months. In addition to weaker sales of PC and videogaming chips, AMD said it was seeing a seasonal decline in sales of computer servers where its chips feature. That was being offset, however, by growing interest in the company’s chips for artificial intelligence calculations, AMD said. AMD is the nearest rival to Nvidia in AI chips needed to create advanced systems like OpenAI’s ChatGPT. Booming investment in AI has been a bonanza Nvidia, which

AMD (AMD) reported Q4 non-GAAP earnings Tuesday of $0.77 per diluted share, up from $0.69 a year earlier. Analysts surveyed by Capital IQ expected $0.77. Revenue for the quarter ended Dec. 30 was $6.17 billion, up from $5.60 billion a year earlier. Analysts surveyed by Capital IQ expected $6.14 billion. The company said it expects Q1 2024 revenue of about $5.4 billion, plus or minus $300 million. Analysts surveyed by Capital IQ expect $5.75 billion.