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AMD reports solid Q2 results, facing a weak PC market
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AMD Q4 FY22

• Revenue +16% Y/Y to $5.6B ($80M beat).
• Gross margin 43% (-7pp Y/Y).
• Operating margin (3%) (-28pp Y/Y).
• Non-GAAP EPS $0.69 ($0.02 beat).
Q1 FY23 guidance:
• Revenue ~$5.3B ($0.2B miss).
✳️ AMD $Advanced Micro Devices (AMD.US)$ beat on top & bottom.
✳️ Good results on console & data centres.
✅ For a semi-con company, AMD is relatively diversified and decent quarter given the macros.
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