AMD lost 9% in revenue due to falling sales of PC chips

In the first quarter of 2023, compared to the same period in 2022, AMD reduced its revenue by 9% to $5.35 billion. A year earlier, this figure reached $5.89 billion, according to CNBC.

AMD’s financial results fell amid falling PC chip sales. In the client group, which includes sales of PC processors, revenue fell 65% from $2.1 billion to $739 million.

“We believe the first quarter was the bottom for our client processor business,” AMD CEO Lisa Su noted.

Revenue in the data center segment, on the other hand, increased from $1.293 billion to $1.295 billion, in the chip segment for embedded systems – increased from $595 million to $1.56 billion, and in the gaming segment – decreased from $1.88 billion to $1.76 billion.

At the same time, AMD recorded a net loss of $139 million, or 9 cents per share, in the first quarter of this year, although a year ago the company earned a net profit of $786 million, or 56 cents per share.

Earlier it was reported that people started buying fewer computers and chip makers were suffering significant losses. But the AMD company already at the beginning of 2023 expressed the opinion that the situation should improve long before the end of the year.