AMD Beats Expectations in Q4
For the 4th quarter ending 12/31/22, AMD revenue was up 16% over the previous year to $5.6 billion. For the full year 2022 AMD revenue was up 44% to $23.6 billion. Net income for the year was down 58% to $1.32 billion.
Gaming revenue was up 21% for the year to $6.8 billion. However, in the fourth quarter of 2022, AMD reported gaming revenue was down 7% from the previous fourth quarter.
Analysis
In recent years, AMD has challenged Intel in CPUs a.....