AMD has reported its fourth quarter 2023 financial results, with a 10% increase in total revenue compared to the previous year, reaching $6.168 billion. The company also achieved a net profit of $667 million.
According to Dr. Lisa Su, CEO of AMD, the company closed out 2023 with growing revenue and profit. This growth was driven by the success of both the Instinct and EPYC GPUs, as well as the increased sales of Ryzen CPUs. AMD’s strong position in the market is due to the high demand for high-performance computing products in data centers, fueled by the growing need for AI capabilities.
The Data Center segment recorded a revenue growth of 38%, reaching $2.282 billion. The Client group saw a significant increase of 62%, amounting to $1.461 billion, driven by the sales of Ryzen 7000 processors. On the other hand, the Gaming group experienced a decline of 17% to $1.368 billion, and the Embedded group saw a decrease of 24% to $1.057 billion due to lower customer orders.
TLDR: AMD reported a 10% increase in total revenue for Q4 2023, reaching $6.168 billion. The company’s success was driven by the growth in the Data Center and Client segments, fueled by the demand for high-performance computing products. However, the Gaming and Embedded groups experienced declines in revenue.
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