AMD Earnings: Advanced Micro Devices Q3 2023 profit and revenue beat Street view

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported better-than-expected results for the third quarter of 2023. The semiconductor company also provided guidance for the fourth quarter. Third-quarter earnings, excluding special items, rose to $0.70 per share from $0.67 per share in the corresponding quarter of 2022. On a reported basis, net income was $299 million or […]

October 31, 2023 1 min read

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Advanced Micro Devices, Inc. (NASDAQ: AMD) reported better-than-expected results for the third quarter of 2023. The semiconductor company also provided guidance for the fourth quarter. Third-quarter earnings, excluding special items, rose to $0.70 per share from $0.67 per share in the corresponding quarter of 2022. On a reported basis, net income was $299 million or […]
· October 31, 2023

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported better-than-expected results for the third quarter of 2023. The semiconductor company also provided guidance for the fourth quarter.

Advanced Micro Devices Q3 2023 earnings infographic

Third-quarter earnings, excluding special items, rose to $0.70 per share from $0.67 per share in the corresponding quarter of 2022. On a reported basis, net income was $299 million or $0.18 per share in Q3, compared to $66 million or $0.04 per share in the prior-year period.

September-quarter revenues increased to $5.80 billion from $5.57 billion a year earlier. Both earnings and revenues exceeded analysts’ estimates.

“Our data center business is on a significant growth trajectory based on the strength of our EPYC CPU portfolio and the ramp of Instinct MI300 accelerator shipments to support multiple deployments with hyper-scale, enterprise, and AI customers,” said AMD’s CEO Lisa Su.