Non-GAAP(*) Quarterly Financial Results
| Q1 2023 | Q1 2022 | Y/Y | |
| Revenue ($M) | $5,353 | $5,887 | Down 9% |
| Gross profit ($M) | $2,675 | $3,100 | Down 14% |
| Gross margin % | 50% | 53% | Down 3 ppts |
| Operating expenses ($M) | $1,587 | $1,346 | Up 18% |
| Operating income ($M) | $1,098 | $1,837 | Down 40% |
| Operating margin % | 21% | 31% | Down 10 ppts |
| Net income ($M) | $970 | $1,589 | Down 39% |
| Earnings per share | $0.60 | $1.13 | Down 47% |
Recent PR Highlights
- AMD continues to lead in confidential computing as major cloud service providers including Microsoft Azure, Google Cloud and Oracle Cloud Infrastructure announced new capabilities based on AMD EPYC™ processors.
- AMD expanded capabilities for developers to build robust AI solutions leveraging AMD products including updates to the PyTorch Foundation’s PyTorch 2.0 framework which now offers native support for ROCm software and the latest TensorFlow-ZenDNN plug-in, which enables neural network inferencing on AMD EPYC CPUs.
- AMD announced the AMD Alveo™ MA35D media accelerator to power a new era of live interactive streaming services at scale, featuring an integrated AI processor that dynamically adjusts video quality.
- AMD expanded its embedded processor portfolio with powerful, scalable offerings for a variety of embedded applications:
- The AMD Ryzen™ Embedded 5000 Series processors deliver mid-range, scalable and efficient performance optimized for “always on” networking firewalls, network-attached storage systems and other security applications.
- The new AMD EPYC Embedded 9004 Series processors bring performance and energy efficiency to embedded networking, security and firewall, and storage systems in cloud and enterprise computing, as well as industrial edge servers.
- AMD
showcased its growing presence in the telco space, including announcing a Telco Solutions testing lab to support the validation of end-to-end AMD based solutions, launching Zynq™ UltraScale+™ RFSoC products to accelerate the deployment of 4G/5G radios in emerging markets, and expanding the collaboration with Nokia to power Nokia Cloud RAN solutions to help communications service providers achieve their most stringent energy efficiency goals.
- AMD Ryzen mobile processors are powering new commercial, consumer and gaming experiences.
- The new AMD Ryzen Z1 and Z1 Extreme processors , featuring AMD RDNA 3 architecture-based graphics, bring ultimate portability and battery life to handheld PC gaming consoles, including the Asus ROG Ally.
- HPI announced hardware and software offerings for the hybrid workplace powered by next-gen Ryzen processors. HPI also announced the next generation OMEN 16 and Victus 16 laptops featuring up to an AMD Ryzen 9 7940HS processor.
- Lenovo announced the Legion Slim 7 featuring up to an AMD Ryzen 9 7940HS processor, as well as additions to the Yoga lineup featuring AMD Ryzen 7000 Series processors.
- AMD partnered with HPI to co-engineer their Dragonfly Pro powered by custom AMD Ryzen 7 7736U processors.
- Framework introduced AMD-powered versions of both their Framework Laptop 13 and newly announced Laptop 16 .
- Samsung and AMD announced they signed a multi-year agreement extension to bring multiple generations of high-performance, ultra-low-power AMD Radeon™ graphics solutions to an expanded portfolio of Samsung Exynos SoCs.
- AMD announced the AMD Radeon PRO W7000 Series graphics, the first professional graphics cards built on the advanced AMD chiplet design to deliver leadership performance and unique features.
- AMD FidelityFX™ Super Resolution technology is now supported in 250 available and upcoming games, 110 of which support FSR 2, the latest update to the cross-platform temporal upscaling technology.
- AMD announced that Jack Huynh has been named senior vice president and general manager of Computing and Graphics following the retirement of Rick Bergman, the former executive vice president of Computing and Graphics.
