Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 1c, Offers Guidance

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Go back to Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 1c, Offers Guidance

AMD Reports Second Quarter 2023 Financial Results

August 1, 2023 4:15 PM EDT

SANTA CLARA, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the second quarter of 2023 of $5.4 billion, gross margin of 46%, operating loss of $20 million, net income of $27 million and diluted earnings per share of $0.02. On a non-GAAP(*) basis, gross margin was 50%, operating income was $1.1 billion, net income was $948 million and diluted earnings per share was $0.58.

We delivered strong results in the second quarter as 4th Gen EPYC and Ryzen 7000 processors ramped significantly, said AMD Chair and CEO Dr. Lisa Su. Our AI engagements increased by more than seven... More