secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000002488-23-000074
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMD Q1 2023: Revenue $5.35B, GAAP loss $0.09/sh, non-GAAP EPS $0.60, beats expectations
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- Revenue $5.35B (-9% YoY); GAAP diluted loss per share $0.09; non-GAAP diluted EPS $0.60 (-47% YoY).
- Non-GAAP gross margin 50% (-3ppts); Data Center and Embedded segments >50% of revenue.
- Q2 outlook: sequential growth in Data Center and Client; modest declines in Gaming and Embedded.
- Announced product launches: EPYC embedded, Ryzen Z1, Radeon PRO W7000; AI roadmap progress.
- GAAP gross margin 44% (down 4ppts YoY) due to acquisition-related amortization costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248823000074/0000002488-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248823000074/amd-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000002488-23-000074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer