Advanced Micro Devices Non-GAAP EPS of $0.69 beats by $0.02, revenue of $5.6B beats by $80M
Advanced Micro Devices press release (NASDAQ:AMD): Q4 Non-GAAP EPS of $0.69  beats by $0.02.
Revenue of $5.6B (+16.0% Y/Y)  beats by $80M.
Revenue of $5.6 billion increased 16% year-over-year, primarily driven by growth across the Embedded and Data Center segments, partially offset by lower Client and Gaming segment revenue.

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For the first quarter of 2023, AMD expects revenue to be approximately $5.3 billion, plus or minus $300 million vs. 5.51B consensus, a decrease of approximately 10% year-over-year. Year-over-year, the Client and Gaming segments are expected to decline, partially offset by Embedded and Data Center segment growth.
AMD expects non-GAAP gross margin to be approximately 50% in the first quarter of 2023.
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