AMD Warns About 10% Decline in 1Q Revenue

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By Sabela Ojea

Advanced Micro Devices Inc. on Tuesday it warned about delivering a cut in revenue in the first quarter of 2023.

The chip maker said it expects revenue for the quarter of about $5.3 billion, plus or minus $300 million, which represents a 10% drop in revenue from the same period a year earlier.

The company, which posted a 51% drop in revenue for its customer segment in its latest quarter, said that revenue in relation to the PC market is expected to continue to decline.

Write to Sabela Ojea at; @sabelaojeaguix

(END) Dow Jones Newswires

01-31-23 1653ET

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