By Sabela Ojea

Advanced Micro Devices Inc. on Tuesday warned about delivering a decline in revenue in the first quarter of 2023.

The chip maker said it expects revenue for the quarter of around $5.3 billion, plus or minus $300 million, which would represent a 10% drop in revenue from the same period a year earlier.

The company, which posted a 51% drop in revenue for its client segment in its latest quarter, said revenue in relation to the PC market is expected to continue declining.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 31, 2023 16:53 ET (21:53 GMT)

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