Advanced micro devices earnings report

Advanced Micro Devices, Inc.

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Advanced micro devices earnings report

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. Below are two key things from AMD's Q4 earnings call that you should know. It is not systems. Generative AI is a type of AI where computer systems rapidly create new content from a variety of inputs. Granted, Su's TAM projection might prove to be too high or low, for that matter. Don't get too hung up on the exact percentage. The main point here, which I agree with, is that sales growth for data center AI chips for at least the next several years will be torrid.

You can see which companies are reporting today on our designated earnings calendar.

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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.

Advanced micro devices earnings report

Shares have added about 5. Will the recent positive trend continue leading up to its next earnings release, or is Advanced Micro due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. The figure jumped AMD expects weakness in the Gaming and Embedded segment to hurt revenues in the current quarter. In cloud, server CPU revenues increased year over year and sequentially as North American hyperscalers expanded fourth Gen EPYC Processor deployments to power their internal workloads and public instances. In enterprise, sales accelerated by a significant double-digit percentage. AMD closed multiple wins with large financial, energy, automotive, retail, technology and pharmaceutical companies in the reported quarter.

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Economic Calendar. Proceeds from maturity of short-term investments. Research Tools. We launched our MI accelerator family in December with strong partner and ecosystem support from multiple large cloud providers, all the major OEMs and many leading AI developers. Student Loan Calculator. Largest Companies by Market Cap. Turning to our Client segment. Options Market Overview. ET today to discuss its fourth quarter and full-year financial results. Generative AI is a type of AI where computer systems rapidly create new content from a variety of inputs. GAAP gross margin. Stock Report. At the same time, we are rapidly driving leadership AI compute capabilities across the full breadth of our embedded product portfolio.

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.

Adjusted EBITDA for the Company is determined by adjusting GAAP net income for interest expense, other income expense , net, income tax benefit, equity income in investee, stock-based compensation, depreciation and amortization expense including amortization of acquisition-related intangibles , acquisition-related and other costs. We finished strong as Data Center sales accelerated significantly throughout the year, despite the mixed demand environment. Proceeds from maturity of short-term investments. Three Months Ended. I accept X. Compare ETFs. Dividend Calculator. Turning to our Broader Data Center portfolio. Non-GAAP gross margin. Mortgage Calculator Popular. Acquisitions, net of cash acquired. The company just significantly raised its outlook based upon the early market uptake of these chips being notably stronger than it had initially projected.