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
NKE Q2 Earnings Preview: Can Nike maintain the recovery momentum?
Sneaker giant NIKE, Inc. (NYSE: NKE) entered the fiscal year facing heightened competition and shifting consumer preferences. Its upcoming second-quarter results are expected to reflect these evolving industry dynamics and
Earnings Preview: Conagra Brands’ (CAG) sales and earnings projected to decline in Q2 2026
Shares of Conagra Brands, Inc. (NYSE: CAG) rose 1% on Friday. The stock has dropped 7% in the past three months. The branded food company is slated to report its
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
