Semiconductor giant Advanced Micro Devices, Inc. (AMD) operates through two segments: Computing and Graphics; and Enterprise, Embedded, and Semi-Custom. The company’s products include x86 microprocessors as accelerated processing units, discrete and integrated graphics processing units (GPUs), servers and embedded processors, and semi-custom System-on-Chip (SoC) products.
AMD’s third-quarter 2022 earnings declined significantly due to softening PC market and substantial inventory reduction actions across the PC supply chain. The company reported revenue and gross profit of $5.57 billion and $2.78 billion, up 29% and 33% year-over-year, respectively. However, its net income declined 93% year-over-year to $66 million, while its EPS came in at $0.04, down 95% year-over-year.
