Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q4 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.52 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q1 2023 revenue of $5-5.6 billion, versus the consensus of $5.48 billion.

• 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. Year-over-year the Client and Gaming segments are expected to decline, partially offset by Embedded and Data Center segment growth. AMD expects non-GAAP gross margin to be approximately 50% in the first quarter of 2023.

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