AMD Q4 2022 Earnings Report
Key Takeaways
AMD reported Q4 2022 revenue of $5.6 billion, a 16% increase year-over-year. However, the company experienced an operating loss of $149 million due to amortization of intangible assets, while net income was $21 million. Non-GAAP EPS was $0.69.
Revenue increased by 16% year-over-year, driven by growth in the Embedded and Data Center segments.
Gross margin decreased to 43% due to amortization of intangible assets, but non-GAAP gross margin increased to 51%.
Operating loss was $149 million, compared to an operating income of $1.2 billion in the previous year.
Diluted earnings per share was $0.01, while non-GAAP diluted earnings per share was $0.69.
AMD
AMD
Forward Guidance
For the first quarter of 2023, AMD expects revenue to be approximately $5.3 billion, plus or minus $300 million, a decrease of approximately 10% year-over-year. AMD expects non-GAAP gross margin to be approximately 50% in the first quarter of 2023.
Positive Outlook
- Embedded segment growth
- Data Center segment growth
Challenges Ahead
- Client segment are expected to decline
- Gaming segments are expected to decline