Q4 2023
Revenue $6.2B increased 10% YoY and 6% QoQ
Gross Margin 47% flat on QoQ basis
Data Center revenue $2.3B up by 43% QoQ
Gaming and Embedded revenue still suffering down by 9% and 15% QoQ basis
FY 2023
Revenue $22.7B down by 4%
Data Center Segment Revenue Up 7% y/y,
Embedded Up 17% y/y
Gross Margin 46% Up by 1%
Outlook for Q1,FY24
AMD expects revenue to be approximately $5.4 billion, plus or minus $300 million. Sequentially, AMD expects Data Center segment revenue to be flat, with a seasonal decline in server sales offset by a strong Data Center GPU ramp, Client, Embedded and Gaming segment sales are expected to decline sequentially, with semi-custom revenue expected to decline by a significant double-digit percentage. Non-GAAP gross margin is expected to be approximately 52%.
Overall It was a good result on DC side(43% up QoQ), however Mr.Market was expecting better guidance. Mr Lisa Su said, MI300X exceeded expectations based on strong customer demand, qualification, and manufacturing ramp.
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