Categories AlphaGraphs, Earnings, Technology
Infographic: Advanced Micro Devices Q1 2023 earnings drop on lower revenues
Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a sharp fall in adjusted profit for the first quarter of 2023, hurt by a 9% decline in revenues.
Earnings, excluding special items, dropped to $0.60 per share in the most recent quarter from $1.13 per share in the first quarter of 2022. On a reported basis, it was a net loss of $139 million or $0.09 per share, compared to net income of $786 million or $0.56 per share in the prior-year period.
First-quarter revenues declined to $5.35 billion from $5.89 billion in the corresponding period of last year.
“Longer-term, we see significant growth opportunities as we successfully deliver our roadmaps, execute our strategic data center and embedded priorities and accelerate adoption of our AI portfolio,” said AMD’s CEO Lisa Su.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,