AMD Reports Third Quarter 2023 Financial Results

  Q3 2023 Q3 2022 Y/Y Q2 2023 Q/Q
Revenue ($M)$5,800$5,565Up 4%$5,359Up 8%
Gross profit ($M)$2,963$2,776Up 7%$2,665Up 11%
Gross margin51%50%Up 1 ppt50%Up 1 ppt
Operating expenses ($M)$1,697$1,520Up 12%$1,605Up 6%
Operating income ($M)$1,276$1,264Flat$1,068Up 19%
Operating margin22%23%Down 1 ppt20%Up 2 ppts
Net income ($M)$1,135$1,095 Up 4% $948 Up 20%
Diluted earnings per share $0.70 $0.67 Up 4% $0.58 Up 21%

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