AMD stock

AMD will be hurt by slowing demand for personal computers, but the chip maker's gains against main rival Intel could soften the blow.

The semiconductor company reported second-quarter adjusted earnings per share of $1.05, compared to Wall Street’s consensus estimate of $1.03, according to FactSet. Revenue came in at $6.6 billion, which was above analysts’ expectations of $6.53 billion. But AMD guided the current quarter to a range with $6.7 billion in sales at the midpoint versus the $6.84 billion analysts’ estimate. Its shares fell in after-hours trading.

All eyes last week have been drawn to the tech giants' earnings but this week has some big names reporting too; after the market closes today, ...

The average price target is far more bullish than Seymore allows; at $127.43, the figure makes room for 12-month gains of 42%. ( See AMD stock forecast on TipRanks) Likewise for the bottom-line, Seymore is calling for EPS of $1.07, a touch above consensus at $1.05. It is very important to do your own analysis before making any investment. Seymore, as does the Street, expects EPS of $1.10. “While we do still view AMD’s CY22 guidance to be attainable, we recently lowered our 2H22 forecast and 2023/2024 outlooks to reflect the softening macro environment.” (To watch Seymore’s track record, click here)

After Intel (INTC) and Qualcomm (QCOM) reported disappointing earnings, semiconductor company Advanced Micro Devices (AMD) is expected to report its results ...

Analysts will be looking for commentary on demand amid a slowdown in the PC and smartphone markets. The company said its data center chip business would grow slower than the overall data center market for the next two years. The consensus estimate is for AMD’s per share earnings to come in at $1.04, while revenues are expected to rise to $6.5 billion—up nearly 70% from a year ago.

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker's forecast revenue fell below the Wall Street consensus...

Adjusted gross margins came in at 54% for the second quarter, up from 48% in the year-ago and first quarters. Last week, Intel Corp. INTC, -2.57%reported dismal results and cu t its outlook for the year, logging a 16% drop in data-center sales to $4.6 billion and forecasting its data-center sales growing slower than the overall market. AMD reported sales based on new product categories, including breaking out its data-center revenue for the first time. In acquiring Xilinx, AMD brought on board so-called field-programmable gate array, or FPGA, chips that can be configured by a customer or a designer after they are made. Su told analysts on the call that the third-quarter outlook implies data-center sales to lead revenue growth, with PC sales down in the mid-teens. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.05 a share, compared with 63 cents a share in the year-ago period. Nanometers, or “nm,” denotes the size of each transistor that goes on a computer chip, the general rule being that smaller transistors are faster and more efficient in using power. The company also backed its gross margin forecast to 54% for the year. At that time, Wall Street analysts had a consensus of $19.29 billion in revenue. The company reported record revenue for an eighth straight quarter: Revenue surged 70% to a record $6.55 billion from $3.85 billion in the year-ago period. Back in February, AMD forecast gross margins of 51% for 2022, and revenue of about $21.5 billion. AMD forecast third-quarter revenue of $6.5 billion to $6.9 billion, and restated its revenue forecast of $26 billion to $26.6 billion for the year.

That was just ahead of Wall Street's targets, with analysts modeling earnings of $1.03 per share on sales of $6.53 billion. AMD also reported an operating ...

So investors are keeping a watchful eye over AMD to see if it has the smarts to take advantage and secure a bigger slice of the chip market for itself, at the expense of its rival. “It’s worth pointing out that in the month prior to this earnings call, AMD’s shares moved from a low of $73.67 to over $100 earlier today,” King said. Patrick Moorhead of Moor Insights & Strategy told SiliconANGLE that AMD had a great quarter with impressive results across the board. “We have taken a more conservative outlook on the PC business, so a quarter ago we would have thought the PC business would be down… The company also introduced an updated product roadmap, saying its next-generation laptop processors, codenamed Phoenix Point, are expected to arrive in early 2023 based on Zen 4 cores but using a four-nanometer manufacturing process. Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Analyst Charles King of Pund-IT Inc. said AMD’s stock fell after-hours on its reduced outlook, though he added that the theatrical saber-rattling from China over U.S. House Speaker Nancy Pelosi’s visit to Taiwan and an overall poor day on Wall Street may have also influenced that. Analysts say AMD has a significant opportunity in front of it because its chief competitor in the personal computer and server chip market, Intel Corp., recently admitted it has stumbled badly with poor execution. “Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products,” Su said in a statement. During the second quarter, all four of its major business units achieved strong growth. It was a solid quarterly performance by AMD, but investors were more concerned with the company’s prospects going forward, and those are apparently less than impressive. AMD also reported operating income of $526 million, with net income for the period coming to $447 million.

Investors should continue to bet on Advanced Micro Devices despite the chipmaker's disappointing forecast for the current period, Bank of America says.

Arya upped the bank's price target on the stock to $120 a share from $110, meaning shares could rally nearly 21% from Tuesday's close. Investors should continue to bet on Advanced Micro Devices despite the chipmaker's disappointing forecast for the current period, Bank of America said Wednesday. Analyst Vivek Arya reiterated his buy rating on the stock, saying in a note to clients that AMD is a "generational share gain opportunity" and investors should look beyond the company's lighter-than-expected guidance for the current quarter. Shares of the chipmaker fell about 6% in the premarket after AMD posted earnings that beat estimates but shared an outlook for the third quarter that came in below the Street's expectations.

Advanced Micro Devices Inc (NASDAQ: AMD) shares are trading lower Wednesday after the company reported financial results and issued guidance with a midpoint ...

AMD said it expects third-quarter revenue to be between $6.5 billion and $6.9 billion versus the estimate of $6.82 billion. AMD said second-quarter revenue jumped 70% year-over-year to $6.55 billion, driven by strong execution and an expanded product portfolio. "Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. - Raymond James analyst Melissa Fairbanks maintained AMD with a Strong Buy rating and lowered the price target from $160 to $130. The company expects full-year revenue to be between $26 billion and $26.6 billion versus the estimate of $26.18 billion. - Citigroup analyst Christopher Danely maintained AMD with a Neutral rating and lowered the price target from $110 to $96.

Advanced Micro Devices (AMD) stock is trading up 1.7% before lunch on Tuesday as optimism seems to be rising that, unlike competitor Intel (INTC), AM.

The author makes no representations as to the accuracy, completeness, or suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. That stands in stark contrast to much of AMD's competition, which guided lower in the back half of the year and suffered from the reduced trust from the analyst community for the entire sector. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

Advanced Micro Devices (AMD) reported second-quarter revenue and earnings that slightly beat analyst estimates. However, AMD's guidance forecast for the ...

On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. AMD stock still started this morning down around 5%, but it headed toward breakeven after the market opened. Also, the company’s adjusted earnings per share, or EPS, of $1.05 edged out the consensus estimate of $1.03. For some investors, the company’s results and guidance serve as a gauge of the U.S. microchip market’s health overall. Analysts, however, had modeled $6.83 billion, so the company’s guidance came up short. What the trading community got was a mix of good news and not-so-good news.

With an industrywide boom in semiconductor sales running out of steam, the sector is dividing into two camps.

Advanced Micro Devices stock is slipping after the chipmaker's earnings report beat expectations but provided light guidance.

On the downside, $94 and the 10-day are key. If the stock is struggling with this zone now, a bit of a pullback is reasonable. Clearing this level could open the door toward $110, which was resistance in May and where the weekly VWAP measure comes into play. If AMD stock pushes lower, active traders will want to see it hold the 10-day moving average. But we can’t ignore the size of the recent move and the (gently) disappointing guidance. It and Nvidia ( NVDA) - Get NVIDIA Corporation Report, I believe, are some of the best names in tech.