AMD Announces Financial Results for Q4 and Full Year of 2023

A major player in the semiconductor industry, AMD, headquartered in Santa Clara, California, has released its quarterly and annual financial figures for the year 2023. The results show a fourth-quarter revenue of $6.2 billion, a significant gross margin reaching 47%, and an operating income of $342 million. Moreover, the net income stood at $667 million, leading to diluted earnings per share of $0.41. On an adjusted basis, excluding certain expenses, the figures take an upward turn with gross margins of 51%, operating income jumping to $1.4 billion, net income at $1.2 billion, and diluted earnings per share rising to $0.77.

For the full year 2023, the company's financial health is shown by its $22.7 billion revenue, a gross margin of 46%, operating income of $401 million, net income of $854 million, and diluted earnings per share of $0.53. Again, an adjusted outlook paints a rosier picture, with gross margin at 50%, operating income at significant $4.9 billion, net income at $4.3 billion, and diluted earnings per share of $2.65.

Dr. Lisa Su, AMD Chair and CEO, expressed satisfaction with the company’s performance, marking strong sequential and year-over-year revenue and earnings growth. The growth is attributed to record sales of AMD Instinct GPUs and EPYC CPUs as well as increased sales of AMD Ryzen processors.

AMD expects the demand for its high-performance data center products to continue to grow substantially, positioning the company for continued strong growth in a changing computing market landscape, increasingly shaped by AI.

Finishing the financial overview, AMD's EVP, CFO, and Treasurer, Jean Hu, highlighted that AMD navigated the year well despite varying demand, achieving robust annual growth in its Data Center and Embedded segments while successfully launching the AMD Instinct MI300 GPUs.

AMD, revenue, growth, datacenter, AI