AMD Q1 2023 Earnings Report
Key Takeaways
AMD's Q1 2023 results show a revenue of $5.4 billion, a gross margin of 44%, and a net loss of $139 million, with a diluted loss per share of $0.09. On a non-GAAP basis, the gross margin was 50%, net income was $970 million, and diluted earnings per share was $0.60. The Data Center and Embedded segments contributed more than 50% of revenue.
AMD's Q1 2023 revenue was $5.4 billion.
GAAP gross margin was 44%, while non-GAAP gross margin was 50%.
The company experienced a net loss of $139 million, or a loss of $0.09 per share.
Non-GAAP net income was $970 million, or $0.60 per share.
AMD
AMD
Forward Guidance
For the second quarter of 2023, AMD expects revenue to be approximately $5.3 billion, plus or minus $300 million. AMD expects non-GAAP gross margin to be approximately 50%.