AMD Q4 revenues grow to $6.2B, but FY23 revenue down 4%

Advanced Micro Devices (AMD) Q4 earnings reveal the semiconductor and computer processor manufacturer ended 2023 on a high note. The company’s Q4 revenue reached $6.2 billion, up 10% year-on-year, in-line with analyst estimates.

AMD’s data center and client segments are driving revenue growth for the company. The company is seeing sustained and record-breaking growth in its data centers based on ramp of AMD Instinct GPUs and strong demand for EPYC CPUs. While the client segment was flat compared to last year, holiday sales for the AMD Ryzen 7000 Series processors drove the quarterly boost.