Advanced Micro Devices (AMD) Revenues, Guidance Misses Views

Advanced Micro Devices (NASDAQ: AMD) reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.7 billion.

GUIDANCE:

Advanced Micro Devices sees Q4 2018 revenue of $1.45 billion, versus the consensus of $1.6 billion.

• For the fourth quarter of 2018, AMD expects revenue to be approximately $1.45 billion, plus or minus $50 million, an increase of approximately 8 percent year-over-year, and non-GAAP gross margin to increase to approximately 41 percent, driven by sales growth of Ryzen, EPYC and datacenter GPU processor sales. For comparative purposes, Q4 2017 revenue was $1.34 billion, adjusted for the ASC 606 revenue accounting standard, and included blockchain-related GPU sales of approximately low double-digit percent of overall AMD revenue.

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