That's a staggering 1,868% year-over-year increase thanks to the inclusion of Xilinx embedded revenue. The Embedded segment also had a good quarter, with revenue of $1.4 billion.

The chief driver behind these robust sales was the massive demand for AMD's EPYC server processors. The data center division was a standout performer in the fourth quarter, with sales of $1.7 billion, up 42% year over year. Turning to the performance of AMD's operating segments shows some uneven growth trends. Hold that thought: We'll get back to Xilinx in a minute. This was a side effect of AMD's $50 billion buyout of embedded chip maker Xilinx. A tax benefit of $154 million helped AMD stay above the breakeven line but was not enough to balance out the beefy amortization post. The lower net income resulted primarily from the amortization of intangible assets. Unfortunately, net income for the quarter stopped at $21 million, which is a country mile behind the $974 million seen in the previous year. The top-line total landed at $5.6 billion, which is quite the tasty profit pie.

Sometimes, there's just nothing like cold, hard financial data to lay the foundation for a deeper dive.ĪMD's most recent earnings report, covering the fourth quarter of 2022, shows a 16% revenue jump from the year-ago report. Let me peel back the curtain on AMD's financial performance in the short term. AMD's financial performance in the short term This review should help you set reasonable expectations for AMD, informing your investment decisions. Today, I'll take a look under the hood of AMD's financial outlook.

The company is making waves in the stock market recently, posting muscular results, with a few bruises, in the middle of a global inflation crisis. The company's processors and graphics cards are used in high-performance computing, gaming, and more, to be manufactured by third-party chip-making specialists. Advanced Micro Devices ( AMD -1.86%) is a leading semiconductor designer, specializing in PC-compatible x86 processors and graphics processing units (GPUs). Let's chill out where Wall Street runs through Silicon Valley for a bit.

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