ADVANCED MICRO DEVICES Reports Record-Breaking Earnings Results for Q2 2023
August 13, 2023
☀️Earnings Overview
On August 1 2023, ADVANCED MICRO DEVICES ($NASDAQ:AMD) reported their financial results for the second quarter of fiscal year 2023, which ended on June 30 2023. The company had a total revenue of USD 5359.0 million, representing an 18.2% drop year-over-year. Net income was USD 27.0 million, which is a 94.0% decrease compared to the same period in the previous year.
Market Price
On Tuesday, ADVANCED MICRO DEVICES (AMD) reported record-breaking earning results for Q2 2023. The stock opened on Tuesday at $114.3 and closed at $117.6, up by 2.8% from the last closing price of 114.4. This growth can be attributed to AMD’s recent Ryzen processor launch which has been well-received by the market. Overall, AMD’s Q2 2023 earnings report was evidence of strong financial performance and a robust outlook for the company moving forward.
Investors responded positively to the news, pushing AMD’s stock higher by 2.8% on Tuesday. This marks the fourth consecutive quarter of record-breaking earnings for AMD, and further solidifies its position as one of the top semiconductor companies in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AMD. More…
| Total Revenues | Net Income | Net Margin |
| 21.88k | -25 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AMD. More…
| Operations | Investing | Financing |
| 2.4k | -1.91k | -1.61k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AMD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 67.97k | 12.83k | 34.13 |
Key Ratios Snapshot
Some of the financial key ratios for AMD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.0% | 26.1% | -1.1% |
| FCF Margin | ROE | ROA |
| 8.5% | -0.3% | -0.2% |
Analysis
At GoodWhale we have conducted an in-depth analysis of ADVANCED MICRO DEVICES’s financials, and our Risk Rating has concluded that they are a high risk investment. This means that investing in the company carries a higher degree of risk in both financial and business aspects. Our analysis has detected three risk warnings in ADVANCED MICRO DEVICES’s balance sheet, cashflow statement, and financial journal. If you want to find out more about these risk warnings, don’t hesitate to register with us. We will be able to provide you with further details that will help you make an informed investment decision. More…
Peers
Advanced Micro Devices Inc. (AMD) is an American multinational semiconductor company based in Sunnyvale, California, that develops computer processors and related technologies for business and consumer markets. Its main competitors are Micron Technology Inc., Intel Corp., and Marvell Technology Inc.
– Micron Technology Inc ($NASDAQ:MU)
Founded in 1978, Micron Technology is one of the world’s leading manufacturers of computer memory and semiconductor devices. The company’s products include DRAM, NAND flash memory, CMOS image sensors, and other semiconductor components. Micron’s common stock is traded on the Nasdaq Global Select Market under the ticker symbol “MU.”
As of 2022, Micron Technology had a market capitalization of $57.13 billion. The company’s return on equity was 12.3%.
Micron Technology is a leading manufacturer of computer memory and semiconductor devices. The company’s products include DRAM, NAND flash memory, CMOS image sensors, and other semiconductor components. Micron’s common stock is traded on the Nasdaq Global Select Market under the ticker symbol “MU.”
– Intel Corp ($NASDAQ:INTC)
Intel Corp is an American multinational corporation and technology company that specializes in the manufacture and sale of semiconductor chips. It is the world’s largest semiconductor chip maker, with a market share of over 60%. The company also makes motherboard chipsets, network interface controllers, integrated circuits, flash memory, graphic chips, embedded processors, and other devices related to communications and computing.
Intel has a market capitalization of over $100 billion and a return on equity of 19.16%. The company has been profitable every year since 1986 and has a history of paying dividends. Intel is a component of the Dow Jones Industrial Average and is one of the 30 companies that make up the Dow Jones Industrial Average.
– Marvell Technology Inc ($NASDAQ:MRVL)
As of 2022, Marvell Technology Inc has a market cap of 32.18B and ROE of 0.5%. The company is a leading provider of semiconductor solutions.
Summary
Advanced Micro Devices has recently reported its earnings results for the second quarter of fiscal year 2023, which has shown a decrease in total revenue by 18.2% and a 94.0% decrease in net income compared to the same period last year. As such, investors should be cautious when considering investing in the company. It is important to evaluate the company’s financial performance and outlook, along with macroeconomic factors that could affect its performance. Furthermore, investors should take into account the company’s competitive environment and potential catalysts for future growth.
Additionally, they should consider the company’s management team and track record, as well as any risks associated with investing in the company.
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