AMD Announces Q4 2022 Earnings, Posts 10% Loss - Full Year Results in 2022 Show 28% Decline in Revenue

AMD Announces Q4 2022 Earnings, Posts 10% Loss – Full Year Results in 2022 Testify 28% Turn down in Revenue

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AMD has officially posted their financials for Q4 2022 and the full year results for 2022. In 2022, AMD has faced a difficult time financially due to the shrinking PC market which resulted in a 10% decline in quarterly revenue and an overall 28% decline in full yr revenue for 2022. The Sunnyvale, California based company reported a revenue of $three.99 Billion in 2022, downward from $5.50 Billion in 2022.

AMD Posts Financial Report For Full Year and Q4 2022

AMD Q4 2022 Financial Results:

Since it is end of the yr, AMD is posting both their quarterly and full year financial reports, talking the overall operation of the company in 2022. In Q4 2022 specifically, AMD's revenue decline x% compared to the last quarter and now stands at $958 million compared to $one.06 billion in the last quarter. Talking on operation of their businesses, AMD's calculating and graphics segment saw an 11% increase in Q4 with a reported revenue of $470 1000000 every bit AMD shipped more loftier-end notebook processors, about notably their Carrizo based APUs and FX processors. On the other manus, the Enterprise, Embedded and Semi-Custom side of business didn't do also as the graphics business and posted a acquirement of $488 1000000 which is a 23% pass up over the last quarter.

Revenue of $958 million, down x% sequentially and 23% year-over-year.
Gross margin of thirty%, up 7 percentage points sequentially.
Operating loss of $49 million, compared to an operating loss of $158 meg in Q3 2022 and not-GAAP operating loss of $39 million, compared to not-GAAP operating loss of $97 million in Q3 2022.
Net loss of $102 one thousand thousand, loss per share of $0.13, compared to a net loss of $197 million, loss per share of $0.25 in Q3 2022 and non-GAAP internet loss of $79 million, loss per share of $0.10, compared to non-GAAP net loss of $136 1000000, loss per share of $0.17 in Q3 2022.

Q4 2022 Commentary:

Acquirement was $958 million, down 10% sequentially. Computing and Graphics segment revenue was upwards 11% from Q3 2022, primarily due to higher notebook processor sales. Enterprise, Embedded and Semi-Custom segment revenue was downwardly 23% sequentially, primarily due to seasonally lower semi-custom SoC sales. via AMD

During the quarter, AMD made some pretty interesting announcements, peculiarly, the most interesting was their Polaris GPU announcements which were previewed just recently and further demoed at CES '16. Based on the 14nm architecture, the Polaris GPUs volition leverage AMD's performance in both consumer and enterprise markets with new Radeon and FirePro solutions. The Polaris GPUs are based on the 14nm FinFET process from GlobalFoundries and feature up to 2x performance per watt compared to previous generation GCN cores.

Further announcements include the Radeon R9 380X graphics carte du jour which was the showtime, fully enabled Tonga based graphics card for the consumer marketplace. AMD also released a totally revised version of their Crimson commuter under the Radeon Software brand which is existence handled by the Radeon Technologies Group led by Raja Koduri. The grouping also announced the Boltzmann Initiative and GPUOpen platform for enterprise users and developers. The ARM based Opteron A1100 "Seattle" SOCs and AMD R-Series embedded solutions are too part of the products launched past AMD in Q4 2022.

AMD 2022 Full Year Results:

Talking about the entire year, AMD posted a revenue of $3.99 Billion which is a 28% refuse over $.5.51 that was posted in 2022. AMD posted a $481 million operating loss in 2022 compared to $155 million in 2022. If we wait at the yearly performance of AMD'south buisness segments, their computing and graphics segment was down 42% from 2022 due to lower client processors sales and the Enterprise, Embedded and Semi-Custom segment was down 8% from where information technology stood in 2022.

"AMD closed 2022 with solid execution fueled by the second straight quarter of double-digit percentage revenue growth in our Computing and Graphics segment and tape annual semicustom unit shipments," said Dr. Lisa Su, AMD president and CEO. "While 2022 was challenging from a financial perspective, primal R&D investments and a sharpened focus on innovation position u.s.a. well to deliver great products, improved financial results and share gains in 2022." via AMD

AMD revenue of $3.99 billion, downward 28% year-over-twelvemonth.
Gross margin of 27%, downwards six percentage points year-over-yr and not-GAAP gross margin of 28%, down 7 per centum points year-over-yr.
Operating loss of $481 million and non-GAAP operating loss of $253 million, compared to GAAP operating loss of $155 million and non-GAAP operating income of $316 meg in 2022.
Cyberspace loss of $660 million, loss per share of $0.84 and non-GAAP net loss of $419 one thousand thousand, non-GAAP loss per share of $0.54, compared to GAAP net loss of $403 million, loss per share of $0.53 and non-GAAP net income of $132 meg, non-GAAP earnings per share of $0.16 in 2022.

2015 Commentary:

Acquirement was $3.99 billion, down 28% from 2022. Computing and Graphics segment acquirement was down 42% from 2022, primarily due to lower client processor sales. Enterprise, Embedded and Semi-Custom segment revenue was down 8% from 2022, primarily due to lower server and embedded revenue and lower game console royalties, partially beginning past our highest semicustom SoC sales ever recorded. via AMD

Moving forward, AMD expects to come across a turn down of fourteen% in Q1 2022 compared to Q4 2022 based on their thirteen week quarter analysis. AMD states that this decline will be mainly due to game console seasonality and an cautious macro surroundings in China. However, for the unabridged twelvemonth of 2022, AMD expects to see a revenue growth (year-over-twelvemonth) which will be led past Polaris graphics and Zen CPU architectures driving next gen of FirePro GPUs and Opteron CPUs. AMD will be shipping Zen first in loftier-functioning desktop PCs and is on its fashion to sample in 2022 as scheduled in the form of the Summit Ridge family unit that will be fully supported on the latest AM4 platform after this twelvemonth.

The Zen based server CPUs volition re-establish AMD's presence in the datacenter market which has remained dominant past Intel for several years now. AMD plans to hit them back on all fronts with Zen based products in 2022 while Polaris will not just be a consumer-side graphics fleck but also aim the HPC and datacenter markets moving forrad. 2022 will mark as an important year for AMD every bit they accept several new fries planned for the market that will deliver much better performance increases compared to their previous generation offerings with farther focus on efficiency.