{"id":727403,"date":"2023-01-31T16:33:26","date_gmt":"2023-01-31T21:33:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amd-reports-fourth-quarter-and-full-year-2022-financial-results\/"},"modified":"2023-01-31T16:33:26","modified_gmt":"2023-01-31T21:33:26","slug":"amd-reports-fourth-quarter-and-full-year-2022-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amd-reports-fourth-quarter-and-full-year-2022-financial-results\/","title":{"rendered":"AMD Reports Fourth Quarter and Full Year 2022 Financial Results"},"content":{"rendered":"
\n

\n \u2015 Record full year revenue of $23.6 Billion up 44% year-over-year \u2015<\/em>
\n \n <\/p>\n

SANTA CLARA, Calif., Jan. 31, 2023 (GLOBE NEWSWIRE) — AMD<\/a> (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(*)<\/sup> 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.<\/p>\n

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(<\/sup>*<\/sup>)<\/sup> 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.<\/p>\n

\n GAAP Quarterly Financial Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Q4 2022<\/strong>\n <\/td>\n\n Q4 2021<\/strong>\n <\/td>\n\n Y\/Y<\/strong>\n <\/td>\n<\/tr>\n
Revenue ($M)<\/td>\n$5,599<\/td>\n$4,826<\/td>\nUp 16%<\/td>\n<\/tr>\n
Gross profit ($M)<\/td>\n$2,403<\/td>\n$2,426<\/td>\nFlat<\/td>\n<\/tr>\n
Gross margin %<\/td>\n43%<\/td>\n50%<\/td>\nDown 740 bps<\/td>\n<\/tr>\n
Operating expenses ($M)<\/td>\n$2,557<\/td>\n$1,223<\/td>\nUp 109%<\/td>\n<\/tr>\n
Operating income (loss) ($M)<\/td>\n$(149)<\/td>\n$1,207<\/td>\nDown 112%<\/td>\n<\/tr>\n
Operating margin %<\/td>\n(3)%<\/td>\n25%<\/td>\nDown 28pp<\/td>\n<\/tr>\n
Net income ($M)<\/td>\n$21<\/td>\n$974<\/td>\nDown 98%<\/td>\n<\/tr>\n
Earnings per share<\/td>\n$0.01<\/td>\n$0.80<\/td>\nDown 99%<\/td>\n<\/tr>\n<\/table>\n

\n Non-GAAP<\/strong>
\n
\n (*) <\/strong>
\n <\/sup>
\n Quarterly Financial Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Q4 2022<\/strong>\n <\/td>\n\n Q4 2021<\/strong>\n <\/td>\n\n Y\/Y<\/strong>\n <\/td>\n<\/tr>\n
Revenue ($M)<\/td>\n$5,599<\/td>\n$4,826<\/td>\nUp 16%<\/td>\n<\/tr>\n
Gross profit ($M)<\/td>\n$2,859<\/td>\n$2,427<\/td>\nUp 18%<\/td>\n<\/tr>\n
Gross margin %<\/td>\n51%<\/td>\n50%<\/td>\nUp 70 bps<\/td>\n<\/tr>\n
Operating expenses ($M)<\/td>\n$1,602<\/td>\n$1,103<\/td>\nUp 45%<\/td>\n<\/tr>\n
Operating income ($M)<\/td>\n$1,262<\/td>\n$1,328<\/td>\nDown 5%<\/td>\n<\/tr>\n
Operating margin %<\/td>\n23%<\/td>\n27%<\/td>\nDown 4pp<\/td>\n<\/tr>\n
Net income ($M)<\/td>\n$1,113<\/td>\n$1,122<\/td>\nFlat<\/td>\n<\/tr>\n
Earnings per share<\/td>\n$0.69<\/td>\n$0.92<\/td>\nDown 25%<\/td>\n<\/tr>\n<\/table>\n

\n Annual Financial Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n GAAP<\/strong>\n <\/td>\n\n Non-GAAP<\/strong>
\n
\n (*)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n Y\/Y<\/strong>\n <\/td>\n\n 2022<\/strong>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\n Y\/Y<\/strong>\n <\/td>\n<\/tr>\n
Revenue ($M)<\/td>\n$23,601<\/td>\n$16,434<\/td>\nUp 44%<\/td>\n$23,601<\/td>\n$16,434<\/td>\nUp 44%<\/td>\n<\/tr>\n
Gross profit ($M)<\/td>\n$10,603<\/td>\n$7,929<\/td>\nUp 34%<\/td>\n$12,273<\/td>\n$7,934<\/td>\nUp 55%<\/td>\n<\/tr>\n
Gross margin %<\/td>\n45%<\/td>\n48%<\/td>\nDown 330bps<\/td>\n52%<\/td>\n48%<\/td>\nUp 370bps<\/td>\n<\/tr>\n
Operating expenses ($M)<\/td>\n$9,441<\/td>\n$4,293<\/td>\nUp 120%<\/td>\n$6,030<\/td>\n$3,877<\/td>\nUp 56%<\/td>\n<\/tr>\n
Operating income ($M)<\/td>\n$1,264<\/td>\n$3,648<\/td>\nDown 65%<\/td>\n$6,345<\/td>\n$4,069<\/td>\nUp 56%<\/td>\n<\/tr>\n
Operating margin %<\/td>\n5%<\/td>\n22%<\/td>\nDown 17pp<\/td>\n27%<\/td>\n25%<\/td>\nUp 2pp<\/td>\n<\/tr>\n
Net income ($M)<\/td>\n$1,320<\/td>\n$3,162<\/td>\nDown 58%<\/td>\n$5,504<\/td>\n$3,435<\/td>\nUp 60%<\/td>\n<\/tr>\n
Earnings per share<\/td>\n$0.84<\/td>\n$2.57<\/td>\nDown 67%<\/td>\n$3.50<\/td>\n$2.79<\/td>\nUp 25%<\/td>\n<\/tr>\n<\/table>\n

\u201c2022 was a strong year for AMD as we delivered best-in-class growth and record revenue despite the weak PC environment in the second half of the year,” said AMD Chair and CEO Dr. Lisa Su. “We accelerated our data center momentum and closed our strategic acquisition of Xilinx, significantly diversifying our business and strengthening our financial model. Although the demand environment is mixed, we are confident in our ability to gain market share in 2023 and deliver long-term growth based on our differentiated product portfolio.\u201d<\/p>\n

\n Q4 2022 Results<\/strong>\n <\/p>\n