AMD beats on sales and profit but warns of a 10% revenue decline in Q1

Quick Summary:

AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.

Intel, AMD's primary competitor, reported a disastrous quarter last week that included a weak 2023 outlook.

AMD's gaming business, which is comprised of graphics cards and chips for gaming consoles, was down 7% year-over-year.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Technology

Markets: United States

Topics: Lisa Su Breaking News: Technology Apple Inc Business Cnbc Mobile Technology Advanced Micro Devices Inc Articles US: News Source:tagname:CNBC US Source

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-31 @ 21:38:05 (1 months ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 5024913

View Article Analysis

About CNBC

Main Topics: Technology

Official Website: cnbc.com

Year Established: 2005

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #35

Publisher Details

Frequently Asked Questions