AMD has shared its financial results for the fourth quarter and full year of 2023, revealing revenue figures of $6.2 billion and $22.7 billion, respectively. “Strix” and “Turin,” new processors that will feature Zen 5 cores, are expected to be released later this year, according to AMD Chair and CEO Dr. Lisa Su, who teased some of the company’s upcoming products during an earnings call that was held yesterday. Zen 5’s 2024 debut has also reportedly been echoed by an AMD rep.
Su on Strix and Turin:
- “Turin is a drop-in replacement for existing 4th Gen EPYC platforms that extends our performance, efficiency and TCO leadership with the addition of our next-gen Zen 5 core, new memory expansion capabilities and higher core counts.”
- “…we…see Turin, our Zen 5 product coming in the second half of the year.”
- “We are aggressively driving our Ryzen AI CPU roadmap to extend our AI leadership, including our next-gen Strix processors that are expected to deliver more than three times the AI performance of our Ryzen 7040 series processors.”
- “Strix combines our next-gen, Zen 5 core with enhanced RDNA graphics and an updated Ryzen AI engine to significantly increase the performance, energy efficiency and AI capabilities of PCs. Customer momentum for Strix is strong with the first notebooks on track to launch later this year.”
An AMD rep just confirmed that Zen 5 is on track for the consumer market for the second half of this year.
— Paul Alcorn (@PaulyAlcorn) January 30, 2024
Summary of financials:
- Data Center segment revenue in the quarter was $2.3 billion, up 38% year-over-year and 43% sequentially driven by strong growth in AMD Instinct GPUs and 4th Gen AMD EPYC CPUs.
- For 2023, Data Center segment revenue was $6.5 billion, an increase of 7% compared to the prior year, driven by strong growth in AMD Instinct GPUs and 4th Gen AMD EPYC CPUs.
- Client segment revenue was $1.5 billion, up 62% year-over-year driven primarily by an increase in AMD Ryzen 7000 Series CPU sales.
- For 2023, Client segment revenue was $4.7 billion, down 25% compared to the prior year, due to a decline in the PC market.
- Gaming segment revenue was $1.4 billion, down 17% year-over-year and 9% sequentially, due to a decrease in semi-custom revenue, partially offset by an increase in AMD Radeon GPU sales.
- For 2023, Gaming segment revenue was $6.2 billion, down 9% compared to the prior year primarily due to lower semi-custom sales.
- Embedded segment revenue was $1.1 billion, down 24% year-over-year and 15% sequentially primarily due to customers reducing their inventory levels.
- For 2023, Embedded segment revenue was $5.3 billion, up 17% compared to the prior year, primarily due to the inclusion of a full year of revenue related to the acquisition of Xilinx completed in February 2022.