AMD (AMD) Reports In-Line Q3 EPS

AMD (NASDAQ: AMD) reported Q3 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.81 billion.

“Our first full quarter of 7nm Ryzen, Radeon and EPYC processor sales drove our highest quarterly revenue since 2005, our highest quarterly gross margin since 2012 and a significant increase in net income year-over-year,” said Dr. Lisa Su, AMD president and CEO. “I am extremely pleased with our progress as we have the strongest product portfolio in our history, significant customer momentum and a leadership product roadmap for 2020 and beyond.”

GUIDANCE:

AMD sees Q4 2019 revenue of $2.05-2.15 billion, versus the consensus of $2.15 billion.

For earnings history and earnings-related data on AMD (AMD) click here.

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