AMD (AMD) Cuts Q3 Guidance: Sees Sales Growth 4-6%, Gross Margin 44-45%
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Financial Fact:
Interest expense: -41M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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AMD (NYSE: AMD) offering preliminary Q3 results: sees sales up 4-6 percent sequentially, down from a prior outlook of up 8-12 percent. Q3 gross margin expected to be 44-45%, down from previous guidance of about 47%.
AMD attributed the lowered guidance primarily due to 32 nanometer (nm) yield, ramp and manufacturing issues at GLOBALFOUNDRIES in its Dresden, Germany factory that limited supply of "Llano". Additionally, 45nm supply was less than expected due to complexities related to the use of common tools across both technology nodes.
AMD attributed the lowered guidance primarily due to 32 nanometer (nm) yield, ramp and manufacturing issues at GLOBALFOUNDRIES in its Dresden, Germany factory that limited supply of "Llano". Additionally, 45nm supply was less than expected due to complexities related to the use of common tools across both technology nodes.
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