Advanced Micro Devices, Inc. (AMD) Tops Q4 EPS by 5c, Q1 Revenue Guidance Beats

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q4 EPS of $0.52, $0.05 better than the analyst estimate of $0.47. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $3.02 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q1 2021 revenue of $3.1-3.3 billion, versus the consensus of $2.73 billion.

• AMD’s outlook statements are based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.For the first quarter of 2021, AMD expects revenue to be approximately $3.2 billion, plus or minus $100 million, an increase of approximately 79 percent year-over-year and down 1 percent sequentially. The year-over-year increase is expected to be driven by growth in all businesses. AMD expects non-GAAP gross margin to be approximately 46 percent in the first quarter of 2021.
• For the full year 2021, AMD expects revenue growth of approximately 37 percent over 2020 driven by growth in all businesses. AMD expects non-GAAP gross margin to be approximately 47 percent for 2021.

For earnings history and earnings-related data on Advanced Micro Devices, Inc. (AMD) click here.

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