secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000002488-23-000135
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248823000135/0000002488-23-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248823000135/amd-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000002488-23-000135

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