AMD stock

AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue.

AMD said that its results included six weeks of revenue from the deal, and that without Xilinx sales, revenue would have only increased 55% year-over-year to $5.3 billion. Cloud server sales are reported in AMD's Embedded, Enterprise, and Semi-custom segment, which increased 88% to $2.5 billion. PC sales are reported in AMD's computing and graphics segment, which rose 33% on an annual basis and was 8% higher than the December quarter. Some analysts suggest that PC sales could shrink this year after two years where shipments exploded as people needed laptops to work from home or go to school remotely. AMD said that the increase was driven both by central processors and graphic processor sales, and that the average sales price for Ryzen processors rose during the quarter. AMD's results on Tuesday suggest that the chipmaker is still growing fiercely, with 71% sales growth in the first quarter, and every one of its individual lines of business growing by double digits during the quarter.

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 ...

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

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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.

The chip maker's stock jumped on the news in late trading. Chip maker AMD said revenue from its EPYC server processor business more than doubled during the March quarter. In comparison, last week Intel (ticker: ...

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

Thank you, and welcome to AMD's first quarter 2022 financial results conference call. By now, you should have had the opportunity to review a copy of our ...

And again, if you look at the history of these ramps, it's really around the fourth year that you see -- that you really see the business kind of hit its peak. So the second quarter doesn't tend to be a strong quarter for those businesses, and so that's not the driver of the sequential increase. And then, we expect the Xilinx business to also grow in the second half as more supply comes online, given the strong demand. You've talked about that a bunch and then the strength in the Server and the Semi-Custom side. Milan helped you take and continues to help you take a lot of share in the market. I think the strength in the business is really looking at the overall data center portfolio, the PC portfolio, the gaming portfolio and the Xilinx portfolio together, there are lots of levers for growth. Since we had strength in that in SmartNIC and then with Pensando, the kind of solutions that we could provide to customers in the overall infrastructure, right? And we continue to work on working with our customers on where the demand is and ensuring that we're satisfying that demand. And then, moving on to FPGAs and then also our adaptive SoCs and then the Pensando acquisition. 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. I guess there's a lot going on from a macro perspective in the markets that you serve and in the supply chains, Lisa. We remain on track to launch Genoa in the second half of the year and expect to continue our share gain trajectory based on expanded cloud, enterprise and HPC customer adoption.

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."