AMD (AMD) Tops Q1 EPS by 4c, Offers Guidance

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Go back to AMD (AMD) Tops Q1 EPS by 4c, Offers Guidance

AMD Reports First Quarter 2023 Financial Results

May 2, 2023 4:15 PM EDT

SANTA CLARA, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2023 of $5.4 billion, gross margin of 44%, operating loss of $145 million, net loss of $139 million and diluted loss per share of $0.09. On a non-GAAP(*) basis, gross margin was 50%, operating income was $1.1 billion, net income was $970 million and diluted earnings per share was $0.60.

We executed very well in the first quarter as we delivered better than expected revenue and earnings in a mixed demand... More