earnings
confidence high
sentiment negative
materiality 0.80
AMD Q3 revenue $5.6B (+29% YoY) but GAAP operating loss $64M; Client segment down 40%
ADVANCED MICRO DEVICES INC
2022-Q3 EPS reported
$0.84
revenue$18,002,000,000
- GAAP net income $66M ($0.04 EPS); non-GAAP EPS $0.67 vs $0.73 YoY; non-GAAP operating income $1.26B (+20%).
- Client segment revenue $1.0B (-40% YoY) due to weak PC market and inventory correction; ASP up on richer Ryzen desktop mix.
- Data Center revenue $1.6B (+45%) driven by EPYC server processors; Embedded $1.3B (+1549% on Xilinx inclusion).
- GAAP gross margin 42% (down 610 bps) from Xilinx amortization and $160M inventory charges; non-GAAP margin 50%.
- Operating cash flow $965M; repurchased $617M of common stock; cash and short-term investments $5.6B.