AMD Q2 revenue $5.36B (-18% YoY); GAAP EPS $0.02, non-GAAP $0.58; Q3 guidance for DC/Client growth

ADVANCED MICRO DEVICES INC

2023-Q2 EPS reported -$0.07 revenue$10,712,000,000

Revenue $5.36B (down 18% YoY); GAAP gross margin 46%, operating loss $20M, net income $27M ($0.02 EPS).
Non-GAAP: gross margin 50%, operating income $1.07B, net income $948M ($0.58 EPS).
Segment: Data Center $1.3B (-11% YoY), Client $998M (-54%), Gaming $1.6B (-4%), Embedded $1.5B (+16%).
Q3 guidance: Data Center and Client revenues expected to grow double-digit% sequentially; Gaming and Embedded to decline.
AI engagements up 7x QoQ; MI300 on track for Q4 launch. Appointed Phil Guido as chief commercial officer.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ADVANCED MICRO DEVICES INC reported Second Quarter 2023 results: net income $948 million, EPS $0.58.

Period: Second Quarter 2023
Net income: $948 million
EPS: $0.58
Result: reported results

Exact text from the filing

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.

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

ADVANCED MICRO DEVICES INC filing history →

Source: SEC EDGAR

accession 0000002488-23-000135

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