Advanced Micro Devices (AMD) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter was lower than the immediately preceding quarter and also lower than the same quarter one year earlier. The sequential and year-over-year declines highlight a continuing downward trend.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter was lower than the immediately preceding quarter and also lower than the same quarter one year earlier. The sequential and year-over-year declines highlight a continuing downward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
-9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 25, 2022 | $6.6B | +70.1% |
| Sep 24, 2022 | $5.6B | +29.0% |
| Dec 31, 2022 | $5.6B | +16.0% |
| Apr 1, 2023 | $5.4B | -9.1% |
Revenue performance
The company’s top line contracted on both a sequential and year-over-year basis, with the annual comparison showing a more pronounced decrease.
Quarterly comparison
Compared to the prior quarter, revenue fell moderately. Compared to the same quarter a year ago, the drop was steeper, indicating a larger year-over-year contraction.
What to watch
A key item to watch is whether the company can halt the revenue decline and return to growth in subsequent quarters.