Advanced micro devices earnings report

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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. By now you should have had the opportunity to review a copy of our earnings press release and the accompanying slides.

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.

Nov 01, Against this backdrop, we believe we will deliver strong annual revenue growth and expand gross margin, driven by the strength of our Instinct EPYC and Ryzen product portfolios. Dividend 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. 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.

Advanced micro devices earnings report

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Please refer to the cautionary statement in our press release for more information on factors that could cause actual results to differ materially. Amortization of inventory fair value adjustment. Story continues. GAAP operating margin. Prepaid expenses and other assets. Analyst Consensus. ETF Screener Popular. We have built excellent customer traction based on the strength of our multiyear AI hardware and software road maps, and we see clear opportunities to drive our next wave of growth as we deliver leadership AI solutions across our portfolio. Read full article. Industry Rank: More Info.

The market expects Advanced Micro Devices AMD to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

Make informed decisions based on Top Analysts' activity. Customer deployments of our Instinct GPUs continues accelerating, with MI now tracking to be the fastest revenue ramp of any product in our history, and positioning us well to capture significant share over the coming years based on the strength of our multi-generation Instinct GPU road map and open source ROCm software strategy. We will refer primarily to non-GAAP financial measures during today's call. Options Volume Leaders. Best High Yield Dividend Stocks. 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. Top Hedge Fund Managers. Stock Screener. Adjustments to reconcile net income to net cash provided by operating activities:. Purchases of property and equipment. Higher operating income was primarily due to operating liability driven by higher revenue. Purchases of short-term investments. Press Release.