Advanced Micro Devices (AMD) Tops Q1 EPS by 2c; Guides Q2 Revs Above Views

Advanced Micro Devices (NASDAQ: AMD) reported Q1 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.57 billion.

“The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Dr. Lisa Su, AMD president and CEO. “PC, gaming and datacenter adoption of our new, high-performance products continues to accelerate. We are excited about our long-term roadmaps and focused on delivering sustained revenue growth and profitability.”

GUIDANCE:

Advanced Micro Devices sees Q2 2018 revenue of $1.675-1.775 billion, versus the consensus of $1.57 billion.

"For the second quarter of 2018, AMD expects revenue to be approximately $1.725 billion, plus or minus $50 million, an increase of 50 percent year-over-year, and non-GAAP gross margin of approximately 37 percent."

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

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