Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 2c, Offers Outlook
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Price: $152.55 +0.53%
EPS Growth %: +3.3%
Financial Fact:
Amortization of acquired intangible assets: 0
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: +3.3%
Financial Fact:
Amortization of acquired intangible assets: 0
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q2 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.86 billion.
GUIDANCE:
Advanced Micro Devices, Inc. sees Q3 2020 revenue of $2.55 billion, versus the consensus of $2.32 billion.
- AMD’s outlook statements are based on current expectations and contemplate the current COVID-19 environment, global economic backdrop and customer demand signals. The following statements are forward-looking, and actual results could differ materially depending on market conditions, COVID-19 factors and the factors set forth under “Cautionary Statement” below.
- For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom products. AMD expects non-GAAP gross margin to be approximately 44 percent in the third quarter of 2020. Gross margin is expected to increase year-over-year primarily driven by Ryzen and EPYC processor sales.
- AMD now expects 2020 revenue to grow by approximately 32 percent compared to 2019 driven by strength in PC, gaming and data center products. Non-GAAP gross margin is expected to be approximately 45 percent.
For earnings history and earnings-related data on Advanced Micro Devices, Inc. (AMD) click here.
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