Advanced Micro Devices Inc (AMD)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	401,000	-90,000	-378,000	168,000	1,264,000	2,620,000	3,632,000	3,937,000	3,648,000	3,011,000	2,512,000	1,854,000	1,369,000	1,147,000	884,000	770,000	631,000	311,000	275,000	369,000
Revenue (ttm)	US$ in thousands	22,910,000	22,190,000	21,950,000	23,144,000	23,650,000	22,763,000	21,535,000	18,850,000	16,413,000	14,803,000	13,287,000	11,365,000	9,698,000	8,572,000	7,519,000	7,107,000	6,643,000	5,924,000	5,810,000	6,029,000
Operating profit margin		1.75%	-0.41%	-1.72%	0.73%	5.34%	11.51%	16.87%	20.89%	22.23%	20.34%	18.91%	16.31%	14.12%	13.38%	11.76%	10.83%	9.50%	5.25%	4.73%	6.12%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $401,000K ÷ $22,910,000K
= 1.75%

The operating profit margin of Advanced Micro Devices Inc has shown fluctuations over the past few quarters. It decreased from a high of 22.23% in March 2022 to 1.75% in December 2023. The company experienced a significant decline in operating profit margin in 2023 compared to the previous year, with negative margins reported in some quarters. The trend indicates potential challenges in controlling operating expenses or generating sufficient revenue to cover costs. Further analysis of the company's operational efficiency and profitability drivers may be warranted to understand the reasons behind these fluctuations.