AMD has released its third-quarter financials report. The published report was below AMD’s estimates. So much so that while 6.7 billion dollars of revenue was expected, 5.6 billion dollars of revenue could be obtained. So, what does AMD attribute this situation to?
It has become one of the important names in the hardware industry with its affordable products compared to its competitors. AMD, published the financial situation report for the last 3 months period. The published report states that things are not very good at AMD. not going well makes you think. Because neither the money the company earned nor the profit it made were at the desired level.
When we look at the statements made by AMD, the money earned in the third quarter of 2022 $5.6 billion we see that. The company and analysts expected $6.7 billion. In other words, the company was able to earn $1.1 billion less than it expected. While the company’s gross profit margin was thought to be 54 percent, it remained around 50 percent. The announced figures show AMD’s annual growth expectation rate from 55 percent. dropped to 29 percent..
AMD’s earnings are evenly distributed across the categories served!
AMD’s $5.6 billion earnings by categories He also explained his situation. According to the company’s statement, AMD’s revenue from its data center business was $1.6 billion. With this from the game industry The revenue was recorded as $ 1.6 billion. Earning $1.3 billion from integrated chips sold to other brands, AMD earned over $1 billion from other businesses. By the way; AMD’s gaming industry earnings remained the same as in the previous quarter, while on a year-on-year basis 14 percent Let’s say there is an increase.
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You can review the income statement shared by AMD below:
According to AMD, the reason the results were not as desired is due to the drop in demand.
In AMD’s revenue report, the results show Why? It was also announced that it was not as expected. According to the company’s statement, expectations were met in categories such as games and data centers. However, globally shrinking PC market The authorities, who say that it also affects them, have attributed the inability to achieve the targeted income to the consumer as a result. We’ll see if AMD is right when Intel and NVIDIA announce their earnings reports…