AMD Q3 2022 Earnings Report
Key Takeaways
AMD reported Q3 2022 revenue of $5.6 billion, a 29% increase year-over-year. The company experienced a GAAP operating loss of $64 million, but a non-GAAP operating income of $1.3 billion. Growth was driven by the Data Center, Gaming, and Embedded segments, while the Client segment faced challenges.
Revenue increased 29% year-over-year, driven by growth in Data Center, Gaming, and Embedded segments.
GAAP gross margin was 42%, while non-GAAP gross margin was 50%, an increase of 2 percentage points year-over-year.
GAAP operating loss was $64 million, while non-GAAP operating income was $1.3 billion.
Diluted earnings per share was $0.04, and non-GAAP diluted earnings per share was $0.67.
AMD
AMD
Forward Guidance
For the fourth quarter of 2022, AMD expects revenue to be approximately $5.5 billion, plus or minus $300 million, an increase of approximately 14% year-over-year and flat sequentially. AMD expects non-GAAP gross margin to be approximately 51% in the fourth quarter of 2022.
Positive Outlook
- Embedded and Data Center segments are expected to grow year-over-year.
- Embedded and Data Center segments are expected to grow sequentially.
- AMD expects revenue to be approximately $5.5 billion, plus or minus $300 million.
- AMD expects non-GAAP gross margin to be approximately 51%.