ADVANCED MICRO DEVICES Reports Second Quarter 2023 Earnings Results on June 30th, 2023
August 15, 2023
☀️Earnings Overview
On June 30 2023, ADVANCED MICRO DEVICES ($NASDAQ:AMD) reported its financials for the second quarter of fiscal year 2023. Total revenue for the quarter amounted to USD 5359.0 million, which is a decrease of 18.2% when compared to the same period in the preceding year. Net income for the quarter was USD 27.0 million, showing a drop of 94.0% from the same period of the previous year.
Stock Price
On Tuesday, June 30th, 2023, ADVANCED MICRO DEVICES (AMD) reported its Second Quarter 2023 earnings results. AMD opened for trading at $114.3 and closed at $117.6, which was 2.8% higher than its closing price of 114.4 the previous day. AMD’s strong performance was driven by increased demand for their Ryzen, Radeon and EPYC processors, as well as their semi-custom products. AMD also saw strong growth in their server and embedded markets with their EPYC processor lineup seeing strong demand.
Overall, AMD reported strong results for the second quarter of 2023 and made significant progress in their efforts to expand their market share and grow their revenues. Investors reacted positively to the news and the company’s shares rose 2.8% in response to the news. 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 a thorough analysis of ADVANCED MICRO DEVICES’s financials, and concluded that it is a high risk investment in terms of financial and business aspects. After conducting our analysis, we have detected three risk warnings in the company’s balance sheet, cashflow statement, and financial journal. We encourage potential investors to access our platform and become a registered user in order to gain access to the detailed information about the risk warnings associated with investing in ADVANCED MICRO DEVICES. This information can help investors determine whether the investment is right for them and how they can minimize their risk. 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 reported a decrease in total revenue of 18.2% for the second quarter of fiscal year 2023 and a 94.0% decrease in net income compared to the same period last year. This presents a challenging investment opportunity, as potential investors must weigh the current downturn in performance against the potential for upside growth. Analysts must evaluate trends in the company’s core markets, assess competitive forces, and consider its financial situation and overall management strategy in order to make an informed investment decision.
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