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Sep 30, 2023
AMD Q3 2023 Earnings Report
AMD reported strong revenue and earnings growth driven by Ryzen 7000 series PC processors and record server processor sales in Q3 2023.
Key Takeaways
AMD announced Q3 2023 revenue of $5.8 billion, a 4% increase year-over-year. The company's growth was fueled by strong demand for Ryzen 7000 series PC processors and record server processor sales. Data center business is expected to continue its growth trajectory with the ramp of Instinct MI300 accelerator shipments.
AMD reported Q3 2023 revenue of $5.8 billion, up 4% year-over-year.
GAAP earnings per share was $0.18, while non-GAAP earnings per share was $0.70.
Data Center segment revenue was $1.6 billion, flat year-over-year but increased 21% sequentially.
Client segment revenue was $1.5 billion, up 42% year-over-year driven by higher Ryzen mobile processor sales.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2023, AMD expects revenue to be approximately $6.1 billion, plus or minus $300 million. Non-GAAP gross margin is expected to be approximately 51.5%.
Positive Outlook
- Revenue to be approximately $6.1 billion, plus or minus $300 million.
- Represents year-over-year growth of approximately 9%.
- Sequential growth of approximately 5%.
- Non-GAAP gross margin is expected to be approximately 51.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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