AMD said its 2023 net revenue was $22.7 billion, a decrease of 4% from 2022 net revenue of $23.6 billion. The company cited a 25% decrease in Client segment revenue and a 9% decrease in Gaming segment revenue as factors, partially offset by a 17% increase in Embedded segment revenue and a 7% increase in Data Center segment revenue.

10-KAnnual reportFiled Jan 31, 2024Period of report Dec 30, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

AMD said its 2023 net revenue was $22.7 billion, a decrease of 4% from 2022 net revenue of $23.6 billion. The company cited a 25% decrease in Client segment revenue and a 9% decrease in Gaming segment revenue as factors, partially offset by a 17% increase in Embedded segment revenue and a 7% increase in Data Center segment revenue.
The company said Client net revenue for 2023 was $4.7 billion, down 25%, and described lower Ryzen processor sales as accompanied by a 16% decline in average selling price and a 12% decrease in unit shipments. Client operating loss was $46 million, compared with operating income of $1.2 billion in 2022.
AMD said Data Center net revenue for 2023 was $6.5 billion, up 7% from $6.0 billion in 2022, and cited higher sales of AMD Instinct GPUs and 4th Gen AMD EPYC CPUs as the main drivers. Data Center operating income was $1.3 billion, down from $1.8 billion in 2022.
The company said operating cash flow for 2023 was $1.7 billion, and that it used $985 million to repurchase 9.7 million shares of common stock. As of December 30, 2023, cash, cash equivalents and short-term investments were $5.8 billion, and $5.6 billion remained available under the repurchase program.

Key figures

Fiscal year ended December 30, 2023

Revenue: $22.7B
Operating income: $401M
Net income: $854M
EPS: $0.53
Gross profit: $10.5B
Operating cash flow: $1.7B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

2023 net revenue $22.7 billion, down 4%

AMD said its 2023 net revenue was $22.7 billion, a decrease of 4% from 2022 net revenue of $23.6 billion. The company cited a 25% decrease in Client segment revenue and a 9% decrease in Gaming segment revenue as factors, partially offset by a 17% increase in Embedded segment revenue and a 7% increase in Data Center segment revenue.

Source · Based on the MD&A text of the filing

Client revenue down 25%, operating loss $46 million

The company said Client net revenue for 2023 was $4.7 billion, down 25%, and described lower Ryzen processor sales as accompanied by a 16% decline in average selling price and a 12% decrease in unit shipments. Client operating loss was $46 million, compared with operating income of $1.2 billion in 2022.

Source · Based on the MD&A text of the filing

Data Center net revenue $6.5 billion, up 7%

AMD said Data Center net revenue for 2023 was $6.5 billion, up 7% from $6.0 billion in 2022, and cited higher sales of AMD Instinct GPUs and 4th Gen AMD EPYC CPUs as the main drivers. Data Center operating income was $1.3 billion, down from $1.8 billion in 2022.

Source · Based on the MD&A text of the filing

2023 operating cash flow $1.7 billion, buybacks $985 million

The company said operating cash flow for 2023 was $1.7 billion, and that it used $985 million to repurchase 9.7 million shares of common stock. As of December 30, 2023, cash, cash equivalents and short-term investments were $5.8 billion, and $5.6 billion remained available under the repurchase program.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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