Advanced Micro Devices Inc (AMD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 10,460,000 | 10,603,000 | 7,929,000 | 4,347,000 | 2,868,000 |
| Revenue | US$ in thousands | 22,875,000 | 23,650,000 | 16,401,000 | 9,684,000 | 6,528,000 |
| Gross profit margin | 45.73% | 44.83% | 48.34% | 44.89% | 43.93% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $10,460,000K ÷ $22,875,000K
= 45.73%
The gross profit margin of Advanced Micro Devices Inc has shown fluctuations over the past five years. In 2023, the gross profit margin was 45.73%, a slight increase from the previous year's margin of 44.83%. Compared to 2021, the gross profit margin declined from 48.34% to 45.73% in 2023. However, looking back to 2020 and 2019, there has been an overall improvement in the company's gross profit margin, with 2023 showcasing a higher margin of 45.73% compared to 44.89% in 2020 and 43.93% in 2019. These variations in the gross profit margin indicate changes in the company's cost of goods sold relative to its revenue over the years.
Peer comparison
Dec 31, 2023