― 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
