secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000002488-22-000168
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMD Q3 revenue $5.6B (+29% YoY) but GAAP operating loss $64M; Client segment down 40%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248822000168/0000002488-22-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248822000168/amd-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000002488-22-000168

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