AMD Q3 2023 results are in. Revenue is $5.8 billion. Up 4% year over year.
Data Center is flat year over year, and up 21% quarterly, due to more 4th Gen EPYC CPUs sales.
Client CPUs saw ~45% growth quarterly and year over year, due to more Ryzen 7000 sales and Ryzen mobile sales.
Gaming GPUs declined 8% year over year and 5% sequentially, due to weaker console sales. AMD says Radeon GPUs sales has increased slightly this quarter, which compensated the fall a little.
Their Q4 guidance is weaker than expected (6.1 instead of 6.4 billion). Overall, AMD still relies on CPUs to drive income.
AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2023 of $5.8 billion, gross margin of 47%, operating income of $224 million, net income of $299 million and diluted earnings per share of $0.18. On a non-GAAP basis, gross margin was 51%, operating income was $1.3 billion, net...
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Chip designer AMD's third quarter earnings report marks an annual growth in profit, but a guidance miss creates some turbulence in share price.
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