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# AMD beats expectations in Q4 earnings but sees a 10% drop in sales in the current quarter
- URL: https://www.techloy.com/amd-revenue-q4-2022/
- Published: 2023-02-10T14:27:59.000Z
- Updated: 2023-02-10T14:27:59.000Z
- Author: Acquah Nana Yeboah
- Tags: Business, / Insights

Advanced Micro Devices (AMD) reported its fourth-quarter 2022 earnings, surpassing Wall Street's expectations for sales and profits. The company reported an adjusted EPS of $0.69 per share, compared to the expected $0.67 per share, while revenue was $5.6 billion, compared to the estimated $5.5 billion.

However, AMD guided analysts to a 10% decline in year-over-year sales in the current quarter, with the company expecting $5.3 billion in sales, compared to the Refinitiv estimate of $5.47 billion.

AMD attributes its strong performance to the growth of its embedded and data centre businesses, which rose 42% year-over-year to $1.7 billion and grew by 1,868%, respectively.

This suggests that AMD has taken market share from its primary competitor, Intel, which reported a weak quarter last week, including a 40% decline in year-over-year sales in the March quarter. However, AMD's client group, which includes sales from PC processors, was down 51% year-over-year, as the PC market continues to decline.

Despite the [decline in the PC market](https://www.techloy.com/pc-and-mobile-phone-shipments-expected-to-fall-again-in-2023/), AMD CEO Lisa Su expressed confidence in the company's ability to gain market share in 2023 and deliver long-term growth, based on its differentiated product portfolio.