We are confident that our leadership product portfolio, strong balance sheet, and ongoing growth opportunities in our data center and embedded businesses position us well to navigate the current market dynamics.. The scores are based on the trading styles of Value, Growth, and Momentum. The Gaming segment primarily includes discrete GPUs, semi-custom SoC products and development services. By dividing the most accurate estimate (as calculated by Zacks) by the consensus estimate, you can see the difference between the two. Releasing a preliminary third quarter financial results statement, AMD is reporting that revenues for the quarter will come in at around $5.6 billion, which is over $1 billion below AMD's. "We accelerated our data center momentum and closed our strategic acquisition of Xilinx, significantly diversifying our business and strengthening our financial model. Non-GAAP net income was $5.5 billion compared to $3.4 billion in the prior year. The Surprise factor looks at the last few quarters of earnings surprises. Advanced Micro Devices has not confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, May 2nd, 2023 based off last year's report dates. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. The chipmaker expects an adjusted gross margin of 52% this year as compared to 57.7% last year. New #1 Book: Psychological Analysis & Host SmartMoneyCircle.com Show, BEIJING, CHINA - DECEMBER 06: The headquarters of, Advanced Micro Devices Inc. (AMD) is pictured on December 6, 2020 in Beijing, China. Advanced Micro Devices (. Higher revenue from the Embedded and Data Center segments is expected to be partially offset by a revenue decline in the Client and Gaming segments. (844) 978-6257. has gained 6%. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Earnings Estimates and Acutals by Quarter Chart Description, Estimated Revenue and Actual Revenue by Quarter Chart Description. How much revenue does Advanced Micro Devices generate each year? AMZN has generated -$0.27 earnings per share over the last four quarters. Backtested performance is not an indicator of future actual results. When is Advanced Micro Devices's earnings date? For this reason, looking at a company's recent surprise history can be a great aid in forecasting the surprise likelihood of their next outing. This is an estimated date of earnings release. The operating margin decrease was primarily due to higher R&D investments to support growth. Listen to Conference Call, The conference call transcript for Amazon.com's latest earnings report can be read online. This can be done however if you choose to, as emulators and RetroArch cores get improvements all the time. How can I read Amazon.com's conference call transcript? 4 min read 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. Advanced Micro Devices has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, May 2nd, 2023 based off prior year's report dates. contact@marketbeat.com Raadpleeg ons privacybeleid en cookiebeleid voor meer informatie over hoe we uw gegevens gebruiken. What's next for bonds in 2023 after the worst year in history, Laid-off Meta cafeteria workers ask for the same severance as the companys employees, NIO stock swings lower after reporting losses that were much wider than expected, Amid layoffs, Salesforce reportedly has been paying Matthew McConaughey more than $10 million a year. Despite a weak PC market, AMDs Q3 2022 revenue increased 29% to $5.57 billion due to higher sales of the companys data center, embedded, and game console products. The Data Center segment primarily includes server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs) and Adaptive System-on-Chip (SoC) products for data centers. During the keynote, AMD announced: The AMD Alveo V70 AI Accelerator with industry-leading performance and energy efficiency for multiple AI inference workloads. Advanced Micro Devices (AMD) Quote Overview . See what's happening in the market right now with MarketBeat's real-time news feed. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. (*) In this earnings press release, in addition to GAAP financial results, AMD has provided non-GAAP financial measures including non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP diluted earnings per share. You can follow Morgan on Twitter @Author_MShaver. AMD Outlook. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth. +1.01%, ET. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Get daily stock ideas from top-performing Wall Street analysts. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. All Other operating loss was $1.4 billion as compared to $117 million a year ago primarily due to amortization of intangible assets largely associated with the Xilinx acquisition. Data Center segment revenue was $1.7 billion, up 42% year-over-year primarily driven by strong sales of EPYC server processors. Should we cut my sister out of the family inheritance? Cash, cash equivalents and short-term investments were $5.9 billion at the end of the quarter. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Revenue jumped 43%, to $1.86 billion. The Company calculates and communicates free cash flow in the financial earnings press release because management believes it is of importance to investors to understand the nature of these cash flows. Companies' outlook for their own future earnings results. Revenue of $5.6 billion increased 16% year-over-year primarily driven by growth across the Embedded and Data Center segments, partially offset by lower Client and Gaming segment revenue. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. The consensus EPS Estimate is $1.04 (+65.1% Y/Y) and the. Advanced Micro Devices has generated $0.88 earnings per share over the last year ($0.88 diluted earnings per share) and currently has a price-to-earnings ratio of 89.5. This earnings press release also contains forward-looking non-GAAP gross margin concerning AMDs financial outlook, which is based on current expectations as of January 31, 2023 and assumptions and beliefs that involve numerous risks and uncertainties. Cash, cash equivalents and short-term investments were $5.9 billion at the end of the year. and Western Digital Corp. The good news for the bulls is that the stock is now considered cheap compared to where it was in Q4 2021. AMD delivered the opening keynote at CES 2023 alongside partners Microsoft, HP, Lenovo, Magic Leap and Intuitive Surgical highlighting next-generation AMD technologies advancing AI, hybrid work, gaming, healthcare, aerospace and sustainable computing. Is Stellantis Stock a Value Investors Dream? The business earned $5.60 billion during the quarter, compared to analysts' expectations of $5.52 billion. AMD disclosed late last year that it expects the deal to close this quarter. The non-GAAP financial measures disclosed in this earnings press release should be viewed in addition to and not as a substitute for or superior to AMDs reported results prepared in accordance with GAAP and should be read only in conjunction with AMDs Consolidated Financial Statements prepared in accordance with GAAP. Non-GAAP diluted earnings per share was $0.69 compared to $0.92 a year ago primarily due to lower Client segment operating income. Amazon.com has generated ($0.27) earnings per share over the last year (($0.27) diluted earnings per share). There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Cautionary Statement This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as AMDs ability to gain market share in 2023 and deliver long-term growth based on its differentiated product portfolio; the features, functionality, performance, availability, timing and expected benefits of AMD products; and AMDs expected first quarter of 2023 financial outlook, including revenue and non-GAAP gross margin and expected drivers based on current expectations, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Over the fourth quarter, AMD shares fell 27%, as the SOX index rose 21%, the S&P 500 indexrose nearly 11%, and Nasdaq gained 8%. Advanced Micro Devices (NASDAQ:AMD) has a recorded net income of $1.32 billion. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Rivian ( RIVN) shares are sliding after the EV maker reported mixed Q4 results and a production forecast that missed the mark. AMD 1 AMD shared its earnings results for Q3 2022 today and included in the report are numbers that reflect the company beating previous EPS expectations. Morgan Shaver posted a new article, AMD Q3 2023 earnings results beat EPS expectations, Elon Musk calls AI 'dangerous technology' and suggests regulatory oversight, Musk says affordability of next gen Tesla EV is more of a concern than cannibalization, Tesla (TSLA) has built 4 million electric vehicles since inception, Tesla (TSLA) aims to reduce cost of next generation vehicle by 50% with manufacturing efficiencies, Electronic Arts (EA) Q2 2023 earnings results beating EPS, AMD Q3 2023 earnings results beat EPS expectations. See the Full List of Stocks To Beat Earnings. Even after raising guidance multiple times through 2021 from 37% to 50% to 60% to now 65%, we believe AMD has the capacity to deliver upside, which would have been higher with better supply, Ramsay, who has an outperform rating and a $150 price target on AMD, wrote. American Consumer News, LLC dba MarketBeat 2010-2023. The bulls want to see the stock get (and stay) above its declining 50 day moving average line while the bears want to see it take out the recent lows and continue falling. But EPS growth accelerated amid the pandemic. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. AMD continued to showcase its embedded market leadership. 7:58 PM ET. . AMD, the AMD Arrow logo, EPYC, Radeon, Ryzen, Threadripper, Versal and combinations thereof, are trademarks of Advanced Micro Devices, Inc.Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner. Previously, estimates were around $0.49 per share according to sources like Earnings Whispers. Year-over-year the Client and Gaming segments are expected to decline, partially offset by Embedded and Data Center segment growth. Nonetheless, he feels that these two quarters could mark the bottom, and results should improve through 2023 and in 2024, mainly due to the demand in the cloud market and higher average selling prices in the server market. Non-GAAP operating income was $1.3 billion, or 23% of revenue, compared to $1.3 billion or 27% a year ago. Zoetis, Pet-Med Specialist, Double-Digit Earnings Growth Ahead, 3 Mid-Cap Earnings Plays to Watch This Week. Current OutlookAMDs outlook statements are based on current expectations. Amazon.com's earnings are expected to grow from $1.34 per share to $2.13 per share in the next year, which is a 58.96% increase. Listen to Conference Call, The conference call transcript for Advanced Micro Devices's latest earnings report can be read online. 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