Advanced Micro Devices, Inc. stock research
FY2023 Q1
Advanced Micro Devices (AMD) Gross Margin — Quarter Ended Apr 1, 2023
Revenue decreased from the prior quarter and the year-ago quarter, while cost of revenue also declined. Gross profit remained stable sequentially, resulting in an improved gross margin, but was lower than the year-ago period, leading to a weakened margin year-over-year.
Gross margin takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue decreased from the prior quarter and the year-ago quarter, while cost of revenue also declined. Gross profit remained stable sequentially, resulting in an improved gross margin, but was lower than the year-ago period, leading to a weakened margin year-over-year.
- The improvement in gross margin from the prior quarter was driven by a reduction in cost of revenue that outpaced the decline in revenue, keeping gross profit unchanged.
- Compared to the prior quarter, gross margin improved; compared to the same quarter last year, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
44.1%
Gross profit
$2.4B
Revenue
$5.4B
Cost of revenue
$3.0B
Quarter-over-quarter change
n/a
Year-over-year change
n/a
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 1, 2023 | $5.4B | $2.4B | $3.0B | 44.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Year-ago quarter unavailable
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin from the prior quarter was driven by a reduction in cost of revenue that outpaced the decline in revenue, keeping gross profit unchanged.
Compared to the prior quarter, gross margin improved; compared to the same quarter last year, gross margin weakened.
Monitor the amortization of acquisition-related intangibles included in cost of sales, as it increased notably year-over-year according to the filing.