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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.
Growth in revenue was led primarily by the strong ramp of AMD Instinct GPU shipment and growth in AMD EPYC CPU sales. The Data Center segment accounted for 52% of total revenue in the third quarter.
For the quarter, AMD saw adjusted earnings per share of $0.92 on revenue of $6.8 billion. Wall Street was anticipating adjusted EPS of $0.92 on revenue of $6.7 billion, based on analyst consensus ...
Shares of Intel were up 2%. AMD's Data Center revenue, which includes sales of AMD's GPUs and CPUs, topped out at $2.8 billion, beating expectations of $2.75 billion. That's a 115% jump versus the ...
Revenue in Intel's Client Computing Group - which includes its PC chips for desktop and laptop computers - fell 7% to $7.3 billion. Analysts had estimated the client segment would shrink to $7.38 ...
Intel last week said it expects demand from that segment to decline and stay down for the "next few" quarters. ... Analysts polled by LSEG expect revenue of $6.37 billion. AMD forecast adjusted ...
AMD reported better than expected Q1 earnings on Thursday, though data center revenue fell just short of expectations. ... AMD shares are up 37%, while Intel is up just 14%.
Chip maker AMD reported its Q4 2022 earnings after the bell on Tuesday, beating analysts' expectations.The report comes just days after rival Intel announced disappointing earnings and guidance.