2024 - AMD: 12% increase in EPS in the 4th quarter

(CercleFinance.com) – AMD (Advanced Micro Devices) published Tuesday evening, for the fourth quarter of 2023, adjusted EPS (non-GAAP) up 12% to 77 cents and an adjusted gross margin stable at 51%, for revenues growing by 10% to 6.17 billion.

“We finished 2023 strong, driven by record quarterly sales of AMD Instinct GPUs and EPYC CPUs, as well as higher sales of AMD Ryzen processors,” said President and CEO Lisa Su.

For the first quarter of 2024, the semiconductor maker expects revenue of around $5.4 billion, give or take $300 million, and expects a non-GAAP gross margin of around 52%. .

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