Advanced Micro Devices (AMD) Revenue — Quarter Ended Jul 1, 2023
Revenue in the quarter was essentially flat compared to the prior quarter, but sharply lower than the same quarter a year earlier. The minimal sequential change suggests a possible stabilization following previous declines.
Key takeaway
Quarter ended Jul 1, 2023 · FY2023 Q2
Revenue in the quarter was essentially flat compared to the prior quarter, but sharply lower than the same quarter a year earlier. The minimal sequential change suggests a possible stabilization following previous declines.
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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
-18.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.9B
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 |
|---|---|---|
| Sep 24, 2022 | $5.6B | +29.0% |
| Dec 31, 2022 | $5.6B | +16.0% |
| Apr 1, 2023 | $5.4B | -9.1% |
| Jul 1, 2023 | $5.4B | -18.2% |
Revenue performance
Revenue remained almost unchanged from the prior quarter, while it fell significantly year over year. The sequential result broke a pattern of declines, yet the annual comparison reflects continued headwinds.
Quarterly comparison
Compared to the preceding quarter, revenue edged up slightly. Versus the same quarter one year ago, revenue contracted substantially.
What to watch
Monitor whether the sequential stabilization persists or gives way to further declines in upcoming quarters.