Advanced micro devices earnings report

We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here.

The chipmaker's quarterly results didn't contain any notable surprises, but its first-quarter revenue guidance was lighter than Wall Street had been expecting. That led to investors driving shares down 2. That stock drop probably would have been steeper had management not provided good news on the earnings call about its recently launched Instinct MIseries graphics processing units GPUs for data centers. These chips are optimized to accelerate artificial intelligence AI workloads, which is the fast-growing market that Nvidia dominates. Earnings releases tell only part of the story.

Advanced micro devices earnings report

Top Analyst Stocks Popular. Bitcoin Popular. Gold New. Unusual Options Activity Popular. Research Tools. Economic Indicators. Inflation Rate Unemployment Rate. About Us. Working with TipRanks. Follow Us.

Q3 We are aggressively driving our Ryzen AI CPU roadmap to extend our AI leadership, including our next-gen Strix processors that are expected to deliver more than three times the AI performance of our Ryzen series processors. Top Smart Score Stocks Popular.

Advanced Micro Devices, Inc. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. Thank you, Mitch. You may begin.

Advanced Micro Devices AMD is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 2, , might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. The consensus EPS estimate for the quarter has been revised 1. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Advanced micro devices earnings report

Lisa Su. Although the demand environment is mixed, we are confident in our ability to gain market share in and deliver long-term growth based on our differentiated product portfolio. Year-over-year the Client and Gaming segments are expected to decline, partially offset by Embedded and Data Center segment growth. PT p. ET today to discuss its fourth quarter and full-year financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible.

Dr strange season one

Prepaid expenses and other current assets. And we are aggressively ramping production to support the dozens of cloud, enterprise and supercomputing customers deploying Instinct accelerators. In Enterprise, sales accelerated by a significant double-digit percentage in the quarter as we built momentum with Forbes customers. Crypto Center. Participants on today's call are Dr. More Education. See the change in forecast and EPS from the previous year. Get actionable alerts from top Wall Street Analysts. OK Cancel. Up 4 ppts. Story continues. Add to portfolio. Now turning to our first quarter of outlook. Semi-custom SoC sales declined in line with our projections in the quarter. Cash and cash equivalents.

Lisa Su. We expect another year of significant growth in as we ramp our current portfolio and launch our next generation of PC, gaming and data center products.

Webinar Center. ChatGPT Stocks. Silver Other current liabilities. Market leader Nvidia is poised to continue to benefit tremendously from such rapid market growth. These items are defined in the footnotes to the selected corporate data tables provided at the end of this earnings press release. If you do not, click Cancel. Style Scores: More Info. In Gaming Graphics, revenue grew both year-over-year and sequentially, driven by strong demand in the channel for both our Radeon and Radeon series GPUs. Russell 2,