AMD’s Q1’23 financial results

Q1 revenue was down 9% year over year, with particular softness in the client business.

May 3, 2023

Andy Patrizio

AMD released its Q1’23 financials, reporting a mild loss due to onetime charges and weakness in its Client business. Enterprise and Data Center businesses were the star of the quarter.AMD reported that its earnings for the first quarter of 2023 were $5.4 billion, down 4% sequentially from the prior quarter and 9% from the same period a year prior. Gross margin was 44%, with an operating loss of $145 million and a net loss of $139 million, for a loss of $0.09 per share.On a non-GAAP basis, which excludes primarily onetime, noncash-related charges, the gross margin was 50%, operating income

...

Enjoy full access with a TechWatch subscription!

TechWatch is the front line of JPR information gathering service, comprising current stories of interest to the graphics industry spanning the core areas of graphics hardware and software, workstations, gaming, and design.

A subscription to TechWatch includes 4 hours of consulting time to be used over the course of the subscription.

Already a subscriber? Login below

AMD’s Q1’23 financial results

Enjoy full access with a TechWatch subscription!

This content is restricted

Login