AMD Reports Early Third-Quarter Financial Results: Misses Guidance by $1 Billion as Client Revenue Craters
Summary by NewsWall Apr 22 23
- The unexpected reduction in revenues is being driven by an extraordinarily weak client market, with revenues down 40% over Q3'21, resulting in AMD's largest market segment by revenue becoming their smallest in a single quarter.
- As a result of these inventory reductions, OEMs are already ordering a small number of new client processors.
- The end result for AMD is that customer revenue for the third quarter has plummeted.
- The net effect on AMD's business is that revenue for the quarter is around $1.1 billion lower than AMD's earlier guidance.
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| Last Updated | Oct 07 22 |
| Total Articles | 16 |
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