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

AMD's Q4 revenue totaled $6.2B, but saw FY23 revenues decline 4%. Gaming revenues are falling while data centers drive growth.

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. “We now expect annual revenue to decline by a significant double digit percentage year-over-year as supply caught up with demand in 2023 and we enter the fifth year of what has been a very strong console cycle,” said CEO Lisa Su in the company’s prepared remarks.

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