CLAIM #5188 · Advanced Micro Devices Inc (AMD) · 2023Q3 earnings call · Oct 31, 2023 · due Dec 31, 2023
“Embedded, think about it down similar levels sort of in the teens compared to sort of Q3 was down in the teens and Q4 will be down in the teens.”
Lisa Su · CEO
In context
“lf and I assume Client is up sequentially, implies Gaming and Embedded both likely down sequentially in the 20% range. I know you said double-digits. But is that right? And if that is true, especially for Embedded, what does that mean going forward into next year? I know you said it's going to be weak in the first half. Does that mean -- I mean, is it stable at these levels or does it continue to decline through the first half until things stabilize? Just how do we think about that in the context of the guidance that you've given for Q4? Lisa Su: Yes. Sure, Stacy. Let me take that and then Jean might add a few comments. So without getting very specific, I would say I think your comments about Data Center and Client are correct. And then from an Embedded and Gaming standpoint, we would say Embedded, think about it down similar levels sort of in the teens compared to sort of Q3 was down in the teens and Q4 will be down in the teens. And then Gaming, from a console standpoint, we do expect that to be down a bit more than that. And then as we go into Q1, again without being -- there are lots of things that need to happen. We would expect that both gaming and embedded would be down into Q1 as well and sort of the other comments would be more around seasonality. Does that help? Stacy Rasgon: That does help. For my follow-up, again, I wanted to ask about gross margins. So I know that they've been extending through the year, but for the full year, they're actually down. And I get the mix things and everything else. But as I look into next year, like how do I think about this because it sounds like Embedded is going to be pretty weak next year. Client is what it is. Data Center is growing but it does feel like even if the G”
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SEC filings for AMD ↗ · Claim quote is verbatim from the 2023Q3 earnings call.