Advanced Micro Devices (NASDAQ: AMD) reported Q1 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.26 billion.

GUIDANCE:

Advanced Micro Devices sees Q2 2019 revenue of $1.52 billion, versus the consensus of $1.52 billion.

• For the second quarter of 2019, AMD expects revenue to be approximately $1.52 billion, plus or minus $50 million, an increase of approximately 19 percent sequentially and a decrease of approximately 13 percent year-over-year. The sequential increase is expected to be driven by growth across all businesses. The year-over-year decrease is expected to be primarily driven by lower graphics channel sales, negligible blockchain-related GPU revenue and lower semi-custom revenue. AMD expects non-GAAP gross margin to be approximately 41 percent in the second quarter of 2019.

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