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AMD Reports Fourth Quarter and Full Year 2022 Financial Results :: Advanced Micro Devices, Inc. (AMD)
webThis is AMD's Q4 and full-year 2022 financial results press release. It is tangentially relevant to AI safety as AMD produces GPUs and chips used in AI/ML compute infrastructure, but the document itself focuses on corporate financials rather than AI safety topics.
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Importance: 8/100press releasenews
Summary
AMD reported record full-year 2022 revenue of $23.6 billion, up 44% year-over-year, driven by data center growth and the Xilinx acquisition. Q4 2022 revenue was $5.6 billion, up 16% year-over-year. The company expressed confidence in gaining market share in 2023 despite a mixed demand environment.
Key Points
- •AMD achieved record full-year 2022 revenue of $23.6 billion, a 44% increase year-over-year.
- •Q4 2022 revenue was $5.6 billion, up 16% year-over-year, with non-GAAP operating income of $1.3 billion.
- •AMD closed its acquisition of Xilinx in 2022, significantly diversifying its business portfolio.
- •Data center segment showed strong momentum, relevant to AI compute infrastructure supply chains.
- •GAAP operating income declined sharply due to increased operating expenses, largely acquisition-related.
1 FactBase fact citing this source
| Entity | Property | Value | As Of |
|---|---|---|---|
| AMD | Revenue | $23.6 billion | Dec 2022 |
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AMD Reports Fourth Quarter and Full Year 2022 Financial Results :: Advanced Micro Devices, Inc. (AMD)
AMD Reports Fourth Quarter and Full Year 2022 Financial Results
January 31, 2023 4:15 pm EST
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― Record full year revenue of $23.6 Billion up 44% year-over-year ―
SANTA CLARA, Calif., Jan. 31, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2022 of $5.6 billion, gross margin of 43%, operating loss of $149 million, net income of $21 million and diluted earnings per share of $0.01. On a non-GAAP (*) basis, gross margin was 51%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.69.
For full year 2022, the company reported revenue of $23.6 billion, gross margin of 45%, operating income of $1.3 billion, net income of $1.3 billion and diluted earnings per share of $0.84. On a non-GAAP ( * ) basis, gross margin was 52%, operating income was $6.3 billion, net income was $5.5 billion and diluted earnings per share was $3.50.
GAAP Quarterly Financial Results
Q4 2022
Q4 2021
Y/Y
Revenue ($M)
$5,599
$4,826
Up 16%
Gross profit ($M)
$2,403
$2,426
Flat
Gross margin %
43%
50%
Down 740 bps
Operating expenses ($M)
$2,557
$1,223
Up 109%
Operating income (loss) ($M)
$(149)
$1,207
Down 112%
Operating margin %
(3)%
25%
Down 28pp
Net income ($M)
$21
$974
Down 98%
Earnings per share
$0.01
$0.80
Down 99%
Non-GAAP (*) Quarterly Financial Results
Q4 2022
Q4 2021
Y/Y
Revenue ($M)
$5,599
$4,826
Up 16%
Gross profit ($M)
$2,859
$2,427
Up 18%
Gross margin %
51%
50%
Up 70 bps
Operating expenses ($M)
$1,602
$1,103
Up 45%
Operating income ($M)
$1,262
$1,328
Down 5%
Operating margin %
23%
27%
Down 4pp
Net income ($M)
$1,113
$1,122
Flat
Earnings per share
$0.69
$0.92
Down 25%
Annual Financial Results
GAAP
Non-GAAP (*)
2022
2021
Y/Y
2022
2021
Y/Y
Revenue ($M)
$23,601
$16,434
Up 44%
$23,601
$16,434
Up 44%
Gross profit ($M)
$10,603
$7,929
Up 34%
$12,273
$7,934
Up 55%
Gross margin %
45%
48%
Down 330bps
52%
48%
Up 370bps
Operating expenses ($M)
$9,441
$4,293
Up 120%
$6,030
$3,877
Up 56%
Operating inc
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