AMD (AMD) Tops Q3 EPS by 6c, Revenue Beats, Guidance Tops Consensus
Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q3 EPS of $0.73, $0.06 better than the analyst estimate of $0.67. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.12 billion.
GUIDANCE:
Advanced Micro Devices, Inc. sees Q4 2021 revenue of $4.4-4.6 billion, versus the consensus of $4.25 billion.
- For the fourth quarter 2021, AMD expects revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately 39 percent year-over-year and approximately 4 percent quarter-over-quarter. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom revenue. AMD expects non-GAAP gross margin to be approximately 49.5 percent in the fourth quarter 2021.
- For the full year 2021, AMD now expects revenue to grow approximately 65 percent driven by growth across all businesses, up from prior guidance of 60 percent growth. AMD expects non-GAAP gross margin to be approximately 48 percent for the full year 2021.
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