AMD Reports Third Quarter 2022 Financial Results

― Data Center, Gaming and Embedded segments each grew significantly year-over-year and Client segment revenue was lower than expected ―

― Cash and operating cash flow increased year-over-year ―

SANTA CLARA, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2022 of $5.6 billion, gross margin of 42%, operating loss of $64 million, net income of $66 million and diluted earnings per share of $0.04. On a non-GAAP(*) basis, gross margin was 50%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.67.

GAAP Quarterly Financial Results

  Q3 2022 Q3 2021 Y/Y
Revenue ($M)$5,565 $4,313 Up 29%
Gross profit ($M)$2,354 $2,086 Up 13%
Gross margin % 42% 48%Down 610 bps
Operating expenses ($M)$2,426 $1,141 Up 113%
Operating income (loss) ($M)$(64)$948 Down 107%
Operating margin %   (1 )%   22 % Down 23pp
Net income ($M) $ 66   $ 923   Down 93%
Earnings per share $ 0.04   $ 0.75   Down 95%

Non-GAAP(*) Quarterly Financial Results

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