Form 10-Q: Q1 2023

Key insights

7 takeaways · ~3 min read

01
AMD reported a net loss of $139 million for the three months ended April 1, 2023, a significant decline compared to a net income of $786 million in the same period of 2022.
02
Diluted earnings per share decreased from $0.56 in Q1 2022 to a loss of $0.09 in Q1 2023.
03
Total assets increased slightly from $67,580 million on December 31, 2022, to $67,634 million on April 1, 2023.
04
Acquisition-related intangible assets, net, decreased from $24,118 million on December 31, 2022, to $23,291 million on April 1, 2023, primarily due to amortization.
05
Goodwill remained constant at $24,177 million from December 31, 2022, to April 1, 2023.
06
Cash and cash equivalents decreased from $4,835 million on December 31, 2022, to $3,825 million on April 1, 2023, while short-term investments increased from $1,020 million to $2,114 million during the same period.
07
The Client segment revenue has experienced a decline since the second half of 2022 due to weak PC market macroeconomic conditions and inventory correction actions.