Advanced Micro Devices (AMD) Tops Q2 EPS by 1c, Offers Q3 Guidance
Advanced Micro Devices (NASDAQ: AMD) reported Q2 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.72 billion.
For the third quarter of 2018, AMD expects revenue to be approximately $1.7 billion, plus or minus $50 million, an increase of approximately 7 percent year-over-year, and non-GAAP gross margin to increase to approximately 38 percent, driven by the sales growth of Ryzen and EPYC products, partially offset by lower sales of GPU products in the blockchain market.
(Street sees Q3 revenue of $1.76 billion)
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