― 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
