AMD was no exception, reporting falling revenue for the year despite a buoyant final quarter.
Gaming was a sore spot, but the company’s year-end report omits a crucial detail regarding Radeon sales.
AMDpostedits 2023 financial results this week.
Team Red’s revenue and gross profit were down 4 and 7 percent, respectively.
Gaming was a significant factor.
It was the only segment where AMD reported a quarterly and annual decline.
Fourth quarter revenue fell 17 percent year-over-year and 9 percent compared to Q4 2022.
Revenue in that segment for 2023 also decreased by 9 percent.
Sony hasn’t released year-end sales numbers for the PlayStation 5 yet.
However, the company increased its forecast last August.
Meanwhile, Microsoft has only sold around one-third as many Xbox Series consoles.
Su noted robust demand for Radeon RX 6000 and 7000 GPUs in 2023 but didn’t say how strong.
The growth in dedicated PC graphics shipments last year might have been minor.
The PC market slump also dragged the company’s client-sector revenue for 2023 down 25 percent.
However, an uplift in Ryzen 7000 CPU sales pushed Q4 revenue up 62 percent year-over-year.
The data center segment was also positive for AMD.
Analysts expect the PC sector torecoverin 2024, which might boost AMD’s 2024 financials.
Demand for AI hardwarehelpedthe company’s stock price this month.
Significant product launches, expected later this year, could drive it further.
AMD should see thelaunchof a line of Ryzen 9000 CPUs this year.
Additionally,RDNA 4graphics cards are on the potential horizon.
Rumors of anupgradedPlayStation 5 console in 2024 also add to AMD’s potential.
