AMD reports third quarter 2022 financial results
Citiraj:
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Chip designer Advanced Micro Devices, Inc (AMD) posted its earnings report for the third quarter of 2022 at the close of markets today. The results followed AMD's preliminary guidance given at the start of October, with the company raking in $5.6 billion in revenue to mark for strong 29% annual growth at a time when the personal computing market is facing an inflationary downturn. More importantly, AMD's non-GAAP results and its cash flows all exhibited solid growth, indicating that the firm is on solid footing, even as the GAAP results let to an operating loss in the wake of its Xilinx acquisition.
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Izvor: AMD
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