AMD: Q4 EPS up 12%

(CercleFinance.com) - On Tuesday evening AMD (Advanced Micro Devices) reported Q4 2023 adjusted EPS (non-GAAP) that is up 12% to 77 cents, with an adjusted gross margin that is stable at 51%, on revenues that rose 10% to $6.
17bn.

CEO Lisa Su said that the company ended 2023 on a strong note, thanks to record quarterly sales of AMD Instinct GPUs and EPYC CPUs, as well as higher sales of AMD Ryzen processors.

For Q1 2024, the semiconductor manufacturer expects sales of around $5.4bn, give or take $300m, and expects a non-GAAP gross margin of around 52%.


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