AMD stock

Chip maker AMD said revenue from its EPYC server processor business more than doubled during the March quarter. In comparison, last week Intel (ticker: INTC ...

Chip maker AMD said revenue from its EPYC server processor business more than doubled during the March quarter. Advanced Micro Devices’ high-end server-chip business is thriving and taking share from Intel. That’s the key takeaway from AMD’s latest quarterly results released on Tuesday. The chip maker’s stock jumped on the news in late trading. AMD Earnings Show Key Products Are Taking Share from Intel

Advanced Micro Devices Chief Executive Lisa Su saiid that with the completion of its Xilinx acquisition, the chipmaker has reached a "significant ...

Worried about global growth, investors have fled tech and semiconductor and microprocessor makers in particular, despite seemingly solid fundamentals. The ...

These sources suggest that factors portend a downturn in the PC market. Any sign of a slowdown is likely to heighten investor fears. AMD has managed in past quarters to pleasantly surprise investors. Analysts predict that AMD will report a substantial increase in profit and revenue, but at a slower pace than in past years. Electronics, IT and other industries have also suffered, as they scramble for the right materials. Ethereum in June is supposed to be moving to a new version and a new transaction validation mechanism that will change the way the native cryptocurrency of this platform, ether, is minted. The change is likely to reduce the number of GPUs used to create ether, and GPUs are one of Nvidia's cash cows. This transaction is expected to give AMD an advantage in the data center sector, a high-growth market. The company announced in April the acquisition of Pensando Systems Inc., a provider of networking and security services, for $1.9 billion. $0.52 in Q1 FY 2021. This is the case in the automotive sector as well, where manufacturers have had to halt the assembly of certain models for lack of parts. Advanced Micro Devices (AMD) ( AMD) - Get Advanced Micro Devices, Inc. Report and Nvidia ( NVDA) - Get NVIDIA Corporation Report pass a crucial test in this month of May.

(Bloomberg) -- Advanced Micro Devices Inc. gave a strong sales forecast for the current quarter, indicating that the chipmaker continues to make strides in ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

Advanced Micro Devices Inc. reported more than $5 billion in quarterly revenue for the first time Tuesday, and executives predicted their first $6 billion.

Analysts had forecast $2.67 billion in sales from computing and graphics, and $2.35 billion from the enterprise, embedded and semi custom group. AMD’s strong report could change the tenor of earnings season for the semiconductor sector, after other chip companies handed in mixed results. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.13 a share, compared with 52 cents a share in the year-ago period. On the call, Su said that data-center sales currently account a “low 20s-percent” of revenue. Without Xilinx, AMD’s gross margin was 51%. In comparison, Intel Corp. INTC, +0.22%reported first-quarter gross margins of 53.1% on a non-GAAP basis, compared with 58.8% a year ago. In Tuesday’s report, AMD executives said sales from the “computing and graphics” segment rose 33% to $2.8 billion from a year ago, while “enterprise, embedded and semi custom” group sales, aka the data-center and console segment, soared 88% to $2.5 billion from the year-ago period. Additionally in the data-center space, AMD announced in April that it was acquirin g data-center platform software company Pensando for $1.9 billion. “We have been working with some customers that have had some customer build delays, and that is contemplated in our second-quarter guidance.” With Xilinx in hand, a big change is in store: AMD will finally make data-center sales more transparent. AMD would have topped the $5 billion milestone for the first time even without the contribution of the company’s Feb. 14 closing of its Xilinxacquisition. The company also increased its gross margin forecast to 54% for the year. Analysts surveyed by FactSet were estimating revenue of $5.14 billion for the second quarter, and $21.48 billion for the year.

AMD stock is down 44% from its high in fourth-quarter 2021 and 37% so far this year. Tech stocks, growth stocks and more specifically, semiconductor stocks have ...

On the upside, bulls need to see how AMD stock handles the $100 level and the declining 10-week moving average. Bears used to complain about the valuation for AMD stock. If that fails — whether right after earnings or later — then look at the $74 to $75 area for potential support. The quarter raised “zero red flags” for AMD, according to one analyst. Further, its outlook for Q1 and the full year blew expectations out of the water. Despite the rhetoric, I think there are reasons to be bullish.

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported record first-quarter revenue and non-GAAP net income that comfortably beat estimates.

AMD lifted its full-year revenue guidance from $21.5 billion to $26.3 billion, ahead of the consensus of $25.15 billion. The segment generated operating income of $881 million. Operating income from the segment stood at a record $723 million. Forward Outlook: AMD guided to second-quarter revenue of $6.5 billion, plus or minus $200 million. Excluding the contribution from Xilinx, revenue was at $5.33 billion. Non-GAAP gross margin, however, expanded 660 basis points year-over-year and by 240 basis points quarter-over-quarter to 53%. GPU average selling price increased year-over-year due to high-end Radeon processor sales, while sequentially, it fell due to a lower mix of data center GPU revenue. AMD's Key Q1 Metrics: AMD reported first-quarter non-GAAP earnings per share of $1.13, exceeding the 91-cent consensus estimate. The chipmaker's results reflected across-the-board strength, led by higher Ryzen and EPYC processor sales and solid semi-custom revenue. Revenues came in at a record $5.89 billion, representing a 71% year-over-year growth and 22% sequential increase. "The first quarter marked a significant inflection point in our journey to scale and transform AMD as we delivered record revenue and closed our strategic acquisition of Xilinx," said AMD Chair and CEO Lisa Su. AMD's GAAP gross margin contracted from 50% in the fourth quarter of 2021 to 48%, with the company blaming the decline on the amortization of intangible assets and acquisition-related costs.

Advanced Micro Devices shares leapt higher in pre-market trading after the chipmaker blasted first quarter earnings forecasts, and boosted its full-year ...

"As the industry's No. 1 provider of FPGA and adaptive computing solutions, Xilinx significantly expands our technology and product portfolio." what we had been modeling for," he added. There is some softness in the PC market. Gross margins rose 700 basis points from last year to 53%, topping analysts' estimates of a 52.4% print. But we had, for the last number of quarters, actually been shifting our mix to the higher end or the more premium segments of the PC market, and so that's where more of our exposure is," Su told investors on a conference call late Tuesday. "And with the addition of Xilinx, we also have another set of end markets that have very strong demand that are all additive to our business." Looking ahead, AMD said 2022 revenues should come in north of $26 billion, with a second quarter tally in the region of $6.5 billion, thanks to what CEO Lisa Su called the "premium, gaming and commercial portions of the (global semiconductor) market where we see strong growth opportunities and expect to continue gaining overall client revenue share."

AMD recently completed its acquisition of Xilinx to diversify into data centers, but can AMD navigate 2022's supply chain and inflationary challenges?

The video was published on May 3, 2022. In the video below, I break down AMD earnings highlights. As of Tuesday's closing, the stock was down nearly 40% this year, but it was climbing after hours.

(Reuters) -Advanced Micro Devices Inc on Tuesday forecast stronger- than-expected full year and second-quarter revenue, with the data center boom boosting ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

In addition, higher-valued growth stocks were hit especially hard last month, as the market became increasingly worried about inflation and higher interest ...

AMD is currently taking market share from Intel in both personal computing as well as data centers, but the tepid Intel forecast was extrapolated to the whole sector. As it turns out, the market might have been a bit too pessimistic in April -- on AMD as well as other chip stocks. Obviously, PCs boomed during the pandemic due to people working from home more, so there could be a bit of a hangover as people go back to the office. As a high-growth semiconductor stock, AMD found itself on the wrong end of the general market mood. Still, the Pensando acquisition was not the reason for AMD's decline last month. It should go a long way toward bolstering AMD's data center offerings, which consist of its EPYC processors, graphics chips (GPUs), Xilinx field-programmable gate arrays (FPGAs), and other system-on-chips (SOCs).

"We believe we gained revenue share in our key markets," AMD CEO Lisa Su told Jim Cramer after the chip designer's first-quarter earnings.

Advanced Micro Devices Inc. shares rose Wednesday, as analysts described the chip maker's earnings report as "a potential watershed moment" that proved AMD.

As with a quarter ago, AMD’s report stabilized what amounted to a mixed bag of earnings outlooks in the previous week. Of the 39 analysts covering AMD who are tracked by FactSet, 24 rate the stock the equivalent of a “buy,” while 14 have “hold” ratings and just one calls the stock a “sell.” Without Xilinx, AMD’s gross margin was 51%. AMD, however, hiked its gross margin forecast for the year to 54%, up from a previous 51%, while Intel is forecasting 52% for the year. The result was an average price target of $137.92 Wednesday morning, down from a previous $145.20, according to FactSet data. Qualcomm Inc.’s QCOM, +3.32% outlook was also bullish, but analysts could see support in the short term given strength in its handset business. “During the regulatory process, we believe Xilinx was underinvesting in additional wafer capacity and substrate supply (lead-times have rocketed well beyond 52 weeks here),” Rolland said. AMD Chief Executive Lisa Su noted that data-center sales now accounted for a “low 20s-percent” of revenue, which came in at a record $5.89 billion, or about $5.3 billion stripping out a partial quarter of Xilinx sales. Additionally, AMD hiked its full-year revenue outlook by $4.8 billion, for guidance $7.1 billion higher than what Wall Street had been forecasting before the report. Acquiring Xilinx brought in so-called field-programmable gate array, or FPGA, chips that can be configured by a customer or a designer after they are made. “Comparison with Intel suggests continued AMD share gains in both client compute and datacenter server in the March quarter, and the outlook from each company suggests AMD will continue to gain share in 2022,” wrote Caso, who has a market perform rating on Intel. Bernstein analyst Stacy Rasgon, who has an outperform rating and a $150 price target, said this quarter “appears to be a potential watershed moment” for AMD “as they demonstrate the ability to grow right through burgeoning PC weakness while datacenter efforts run roughshod over the competition.” Advanced Micro Devices Inc. shares rose Wednesday, as analysts described the chip maker’s earnings report as “a potential watershed moment” that proved AMD is a data-center powerhouse following its acquisition of Xilinx Inc.