AMD stock

2022 - 11 - 1

AMD misses but still ekes out 29% revenue growth (CNBC)

The chipmaker's four business lines picked up more revenue than the company had told analysts to expect last month as it perceived a weakening PC market.

AMD's Client unit, which the chipmaker had warned about in October, generated $1.02 billion in revenue. That was down nearly 40% but in excess of the $1.17 billion StreetAccount consensus. That was up about 14% and in line with the $1.63 billion consensus among analysts surveyed by StreetAccount. The company will control operating expenses and headcount growth, said Devinder Kumar, AMD's finance chief. For the full year, AMD said it sees $23.5 billion in revenue, down from the $26.3 billion forecast the company gave in August. [issued preliminary results](https://www.cnbc.com/2022/10/06/amd-warns-of-third-quarter-revenue-shortfall-on-weaker-pc-demand-supply-chain-issues.html) for the fiscal third quarter that lagged guidance it [provided in August](https://www.cnbc.com/2022/08/02/amd-earnings-q2-2022.html), because of fewer chip shipments in a weaker PC market than expected. "As we go into 2023, we expect growth in that market, particularly customers moving more workloads to AMD, just given the strength of our product portfolio and overall general coming forward." The chipmaker has seen healthy demand for shipments of its server chips that carry the code name Genoa. The Gaming segment produced $1.63 billion in revenue. This is probably why the stock is up now. The unit includes contributions from Xilinx and distributed computing startup Pensando, which AMD bought for $1.9 billion. The company contracted its adjusted gross margin outlook to 52% from 54% in August.

AMD stock pops as forecast quells fears about data-center sales ... (MarketWatch)

Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker's data-center sales held up, and started rallying after Chief.

Intel’s data-center sales fell 27% to $4.2 billion from a year ago, and the group was not profitable for the quarter. “We believe that that will be a significant step in clearing inventory between the third quarter and the fourth quarter,” Su said. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 67 cents a share, compared with 73 cents a share in the year-ago period. With the difference between the Street average and the low end of AMD’s forecast being just shy of $1 billion, on average, that would suggest a forecast that was roughly in line. In the regular session, shares declined 0.4% to finish at $59.66. For the fourth quarter, AMD forecast revenue of $5.2 billion to $5.8 billion, with its embedded and data-center segments “expected to grow,” with revenue of $23.2 billion to $23.8 billion for the year and gross margins of about 51%.

5 Investors Betting Big on AMD Stock. Should You? (Investorplace.com)

Advanced Micro Devices (AMD) has the financial backing of numerous well-heeled investment firms. Moreover, the company's profit warning provides a setup for ...

On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Would you rather swim with the minnows of the markets or the big-money whales? This could arrive in a matter of days, as the company is set to release its third-quarter financial results on Nov. With AMD stock having declined from $150 to $60 this year, it’s safe to say that Advanced Micro Devices’ investors are looking for a catalyst. Specifically, the company lowered its quarterly revenue forecast from $6.7 billion plus or minus $200 million, to $5.6 billion. AMD stock tanked after Su made that statement. [TROW](https://investorplace.com/stock-quotes/trow-stock-quote/)): 53.56 million Advanced Micro Devices shares, or 3.32% of the outstanding shares. Consequently, some analysts and message-board gurus are firmly bearish against Advanced Micro Devices. [STT](https://investorplace.com/stock-quotes/stt-stock-quote/)): 65.12 million AMD shares, which equates to 4.03% of the outstanding shares. The financial media has already belabored the point about U.S. You could even prepare yourself for quick potential gains — and you’d be joining some famous firms if you take a long position in AMD stock. [BLK](https://investorplace.com/stock-quotes/blk-stock-quote/)): 116.37 million shares, or 7.21% of Advanced Micro Devices’ outstanding shares.

AMD's Guidance Falls Short. The Stock Is Up on Relief It Wasn't ... (Barron's)

AMD shares rose as much as 6% to $63.26 initially following the report. Investors may be relieved the guidance wasn't worse, given that the chip maker cut its ...

Revenue came in at $5.6 billion, about in line with analysts’ expectations for $5.65 billion. - Print Article - Order Reprints

Earnings Preview: What To Expect From Advanced Micro Devices ... (Forbes)

Advanced Micro Devices, Inc. is scheduled to report earnings after Tuesday's close. The stock hit a record high of $164.46/share in 2021 and is currently ...

Technically, the stock is in a private bear market as it has fallen over 63% from its 52-week high. The company is expected to report a gain of $0.55/share on $5.58 billion in revenue. The price to earnings (P/E) ratio has dropped to only 16 which is low for most semiconductor stocks. The stock has a lot of technical damage that needs to be repaired it will likely take some time for that damage to be repaired. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down.

AMD Reports Third Quarter 2022 Financial Results (Investor Relations)

... ― Data Center, Gaming and Embedded segments each grew significantly year-over-year and Client segment revenue was lower than expected ―.

$ (1) Income tax provision (benefit) Income (loss) before income taxes and equity income Other income (expense), net Operating income (loss) ) Additionally, Amazon Web Services announced the new [memory optimized instances](https://aws.amazon.com/blogs/aws/new-amazon-ec2-r6a-instances-powered-by-3rd-gen-amd-epyc-processors-for-memory-intensive-workloads/)powered by EPYC processors. Operating income was $505 million, or 31% of revenue, compared to $308 million or 28% a year ago. Non-GAAP net income was $1.1 billion, up from $893 million a year ago primarily driven by higher revenue and gross margin, partially offset by higher operating expenses. % On a non-GAAP(*) basis, gross margin was 50%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.67.