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AMD forecast an adjusted gross margin of roughly 54%, which met analyst expectations. The company reported revenue of $6.82 billion for the third quarter, compared with estimates of $6.71 billion.
On an adjusted basis, AMD forecast gross margin of about 53% for the second quarter, just beating the estimate of 52.9%. Revenue at its data center business jumped 80% to $2.3 billion.
AMD forecast current-quarter revenue of about $6.1 billion, plus or minus $300 million. Analysts polled by LSEG expect revenue of $6.37 billion. AMD forecast adjusted gross margins of 51.5% ...
The company has been one of the biggest winners of the chip demand boom sparked by the rise of generative AI, with its shares up nearly 156% since end-2022. Its soft quarterly revenue forecast and ...
All of those catalysts boosted AMD's revenue at a compound annual growth rate (CAGR) of 17% from 2014 to 2023. According to PassMark Software, AMD's share of the x86 CPU market grew from 23.4% to ...
Advanced Micro Devices on Tuesday increased its 2024 forecast for artificial intelligence chip sales by $500 million and said supplies would remain tight through 2025, sending shares of the Santa ...
AMD continued to show strong growth in the data center business, at the expense of its rival Intel, but the company cut its market forecast for personal computer sales and shares fell more than 5% ...
It has also gained market share from rivals by offering a new series of chips that outpace those from Intel Corp. AMD said it expected current-quarter revenue of about $4.5 billion, plus or minus ...
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