ADVANCED MICRO DEVICES, INC (AMD) FY2024 Q1 P&L / Income Statement

ADVANCED MICRO DEVICES, INC (AMD) FY2024 Q1 P&L / Income Statement

Income statement for 2023-12-31 through 2024-03-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenue

5,473,000,000 US dollars

Cost of sales

2,913,000,000 US dollars

Gross profit

2,560,000,000 US dollars

Operating costs, net of other operating income (calculated)

2,524,000,000 US dollars

Operating income (loss)

36,000,000 US dollars

Other income (expense), net (calculated)

28,000,000 US dollars

Income (loss) before income taxes and equity income

64,000,000 US dollars

Income tax provision (benefit)

negative 52,000,000 US dollars

Net income (loss)

123,000,000 US dollars

Data Center

922,000,000 US dollars

Client

2,337,000,000 US dollars

Gaming

1,368,000,000 US dollars

Embedded

846,000,000 US dollars

Research and development

1,525,000,000 US dollars

Marketing, general and administrative

620,000,000 US dollars

Amortization of acquisition-related intangibles-Opex

392,000,000 US dollars

Licensing gain

negative 13,000,000 US dollars

Equity income in investee

7,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.