AMD stock

Advanced Micro Devices Inc., the second-largest maker of computer processors, gave a better-than-feared sales forecast for the first quarter as gains in the ...

AMD forecast revenue of $5 billion to $5.6 billion for the first quarter, with declines in client and gaming offset by gains in data-center and embedded sales, ...

[worse-than-feared quarterly report](https://www.marketwatch.com/story/intel-reports-quarterly-loss-forecasts-another-stock-drops-11674767834?mod=article_inline) arrived as the PC industry deals with [the worst shipment declines in recorded history](https://www.marketwatch.com/story/the-pc-industry-just-suffered-its-worst-decline-on-record-again-11673471910?mod=article_inline). Revenue rose to $5.6 billion from $4.83 billion in the year-ago quarter, with more than half of that coming from data-center and embedded sales. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period. [NVDA, +1.96%](/investing/stock/NVDA?mod=MW_story_quote)had all poured new models of gaming cards into the holiday channel at a time when [PC shipments were dropping at their steepest recorded rates](https://www.marketwatch.com/story/pc-sales-log-third-straight-quarter-of-declines-while-apple-reports-growth-11665425321?mod=article_inline&mod=article_inline&mod=article_inline)and a wave of [secondhand graphics-processing units, or GPUs, hit the market as unprofitable cryptocurrency-mining operations folded.](https://www.wsj.com/articles/bitcoin-mining-machines-for-sale-on-deep-discount-11667650411?mod=article_inline&mod=article_inline&mod=article_inline) Gaming sales fell 7% to $1.6 billion, while analysts were expecting $1.49 billion. “Going into second half, the normalization of client segment will help us to expand the gross margin,” Hu told analysts. [MRVL, +2.76%](/investing/stock/MRVL?mod=MW_story_quote) [on Jan. While PC inventory costs gutted Intel’s results, Su said AMD’s remaining inventory mostly lies in its data-center business, and that the second half of 2023 should be stronger for the segment than the first half. While that did not blow away Wall Street’s expectations — analysts had estimated earnings of 68 cents a share on revenue of $5.5 billion for the first quarter, according to FactSet — it did quell some fears that cropped up after Intel Corp.’s For the fourth quarter, AMD had 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%. Hu joined AMD from Marvell Technology Inc. [since the dot-com bust](https://www.marketwatch.com/story/intel-just-had-its-worst-year-since-the-dot-com-bust-and-it-wont-get-better-anytime-soon-11674784330?mod=home-page&mod=article_inline&mod=article_inline).

AMD stock has fallen by 30% over the last 12 months. Dreamstime. Advanced Micro Devices reported better-than-expected earnings for the December quarter, citing ...

Revenue came in at $5.6 billion, which was above analysts’ expectations of $5.51 billion. Advanced Micro Devices reported better-than-expected earnings for the December quarter, citing strength in its server processors and cloud computing segments. - Order Reprints

AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts to a 10% decline in ...

AMD's gaming business, which is comprised of graphics cards and chips for gaming consoles, was down 7% year-over-year. The global PC market is in a protracted slowdown, AMD said it expected $5.3 billion in sales in the current quarter, slightly lower than a Refinitiv estimate of $5.47 billion. AMD's data center segment rose 42% year-over-year to $1.7 billion. AMD's sales rose 44% in 2022. The stock rose over 2% in extended trading.

Once the market action comes to a halt today, Advanced Micro Devices (NADAQ:AMD) will deliver results for the fiscal fourth quarter of 2023 and announce ...

Although Moore says there is “some risk that an incoming CFO resets full year guidance at the margin to set a more conservative backdrop,” overall, he views the transition as a “key positive for the stock.” Overall, most on the Street remain in AMD’s corner; over the past 3 months, the stock has garnered 24 analyst reviews, and these break down 18 to 5 in favor of Buys over Holds, all coalescing to a Strong Buy consensus rating. “We expect near-term weakness in data center to weigh on the 1q outlook, and our initial assumption that the company can guide the full year to roughly consensus numbers might be at risk given Intel issues and new CFO.

While that did not blow away Wall Street's expectations -- analysts had estimated earnings of 68 cents a share on revenue of $5.5 billion for the first quarter, ...

AMD shares were crushed with a 55% price decline in 2022, while the PHLX Semiconductor Index dropped 35.8%, the S&P 500 index finished the year down 19.4%, and the tech-heavy Nasdaq Composite Index shed 33.1%. Revenue rose to $5.6 billion from $4.83 billion in the year-ago quarter. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period. While that did not blow away Wall Street's expectations -- analysts had estimated earnings of 68 cents a share on revenue of $5.5 billion for the first quarter, and $3.58 a share on revenue of $24.77 billion for the year, according to FactSet -- it did quell some fears that cropped up after disappointing Intel Corp. Su said three months ago that AMD would "certainly exit the year in a better place", after the company's outlook, which had been below Wall Street estimates at the time, included the cost of clearing out inventory. AMD forecast revenue of $5 billion to $5.6 billion for the first quarter, with declines in client and gaming offset by gains in data-center and embedded sales, and a gross margin of 50%.

Chip maker AMD (AMD) reported its Q4 2022 earnings after the bell on Tuesday, beating analysts' expectations. The report comes just days after rival Intel ...

AMD's Data Center revenue surged 42% amid strong sales of EPYC server processor chip sales. The stock has rebounded solidly this year, with a 16% year-to-date- ...

Just imagine the results you would get if you had a full-time trader whispering what to buy and sell in your ear. ](https://www.benzinga.com/premium/ideas/bz-optionsurge-lp/?utm_source=camapignify-bottom&=utm_campaign=external) [Click Here to Get Immediate Access to His Next Trade Signals](https://www.benzinga.com/premium/ideas/bz-optionsurge-lp/?utm_source=camapignify-bottom&=utm_campaign=external)⭐⭐⭐⭐⭐ For the full year, AMD reported non-GAAP EPS of $3.50 per share and revenue of $23.6 billion, up 44% year-over-year. The segment recorded an operating loss of $152 million. Revenue came in at $14 billion, down 28% year-over-year and missing the consensus estimate of $14.45 billion. The stock is up 16% year-to-date, closing Tuesday’s regular session 3.73% higher at $75.15. [Can Market Sustain Upward Momentum In Tech-Heavy Earnings Week? This represents a one percentage point increase from the third-quarter figure of 50%. INTC reported last week with non-GAAP EPS of 10 cents, half as much as the Street forecast. Lisa Su, chair and CEO of AMD. It contributed $699 million to operating income. AMD's Key Q4 Numbers: Santa Clara, California-based AMD reported fourth-quarter non-GAAP earnings per share, or EPS, of 69 cents, above the consensus estimate of 67 cents per share.

AMD shares (AMD) rose 3% after hours, following a 3.7% gain in the regular session to close at $75.15. AMD forecast revenue of $5 billion to $5.6 billion for ...

AMD shares were crushed with a 55% price decline in 2022, while the PHLX Semiconductor Index dropped 35.8%, the S&P 500 index finished the year down 19.4%, and the tech-heavy Nasdaq Composite Index shed 33.1%. Revenue rose to $5.6 billion from $4.83 billion in the year-ago quarter. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period. Gaming sales fell 7% to $1.6 billion, while analysts were expecting $1.49 billion. AMD, Intel and Nvidia Corp. For the fourth quarter, AMD had 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%.

The semiconductor company is taking market share from its rival in data centers, providing a tailwind despite declining chip demand elsewhere.

](https://www.barrons.com/market-data/stocks/intc) ](https://www.barrons.com/market-data/stocks/amd) [

Advanced Micro Devices shares are climbing after it reported a 98% fall in quarterly net profit and was unable to provide full-year guidance.

](https://www.barrons.com/market-data/stocks/intc) ](https://www.barrons.com/market-data/stocks/amd) [