AMD Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-30), AMD reported revenue of $6.2B, gross profit of $2.9B (47.2% gross margin), operating income of $342M, and net income of $667M (10.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMD was profitable; revenue grew 6.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +6.3% | +123.1% | +5.7 pp |
Consensus estimate data is not available for this report.
AMD Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6.2B | 100% |
| Cost of Revenue | −$3.3B | 52.8% |
| Gross Profit | $2.9B | 47.2% |
| Research & Development | −$1.5B | 24.5% |
| Selling, General & Administrative | −$644M | 10.4% |
| Other Operating Expenses | −$414M | 6.7% |
| Operating Income | $342M | 5.5% |
| Interest Expense | −$27M | 0.4% |
| Other Income, net | $49M | 0.8% |
| Income Tax Expense | $297M | 4.8% |
| Net Income | $667M | 10.8% |
Source: original SEC filing (filed 2024-01-30). Accession 0000002488-24-000009. Data normalized by EarningsFyi.