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Advanced Micro Devices | 8-K: Advanced Micro Devices Reports Fourth Quarter and Full Year 2023 Financial Results

SEC announcement ·  Jan 30 16:18
Summary by Moomoo AI
On January 30, 2024, Advanced Micro Devices, Inc. (AMD) reported its financial results for the fourth quarter and full fiscal year ended December 30, 2023. The company announced a Q4 revenue of $6.2 billion, a 10% increase year-over-year, with a gross margin of 47% and net income of $667 million, resulting in diluted earnings per share of $0.41. Non-GAAP figures for Q4 showed a gross margin of 51%, operating income of $1.4 billion, net income of $1.2 billion, and diluted earnings per share of $0.77. For the full year, AMD reported revenue of $22.7 billion, a 4% decrease from the previous year, with a gross margin of 46%, operating income of $401 million, net income of $854 million, and diluted earnings per share of $0.53. Non-GAAP full-year results included a gross margin of 50%, operating income of...Show More
On January 30, 2024, Advanced Micro Devices, Inc. (AMD) reported its financial results for the fourth quarter and full fiscal year ended December 30, 2023. The company announced a Q4 revenue of $6.2 billion, a 10% increase year-over-year, with a gross margin of 47% and net income of $667 million, resulting in diluted earnings per share of $0.41. Non-GAAP figures for Q4 showed a gross margin of 51%, operating income of $1.4 billion, net income of $1.2 billion, and diluted earnings per share of $0.77. For the full year, AMD reported revenue of $22.7 billion, a 4% decrease from the previous year, with a gross margin of 46%, operating income of $401 million, net income of $854 million, and diluted earnings per share of $0.53. Non-GAAP full-year results included a gross margin of 50%, operating income of $4.9 billion, net income of $4.3 billion, and diluted earnings per share of $2.65. The company highlighted strong sales in its Data Center and Embedded segments, with significant growth in AMD Instinct GPUs and EPYC CPUs. AMD's non-GAAP financial measures exclude certain items and use a normalized tax rate to provide consistency across reporting periods. The company also provided forward-looking guidance for Q1 2024, expecting approximately $5.4 billion in revenue and a non-GAAP gross margin of about 52%. AMD held a conference call on the same day to discuss the financial results and forward-looking guidance.

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