(Updated - November 1, 2022 4:19 PM EDT)

(updated consensus)

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q3 EPS of $0.67, worse than the analyst estimate of $0.68. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.62 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q4 2022 revenue of $5.2-5.8 billion, versus the consensus of $5.85 billion.

• For the fourth quarter of 2022, AMD expects revenue to be approximately $5.5 billion, plus or minus $300 million, an increase of approximately 14% year-over-year and flat sequentially. Year-over-year and sequentially, the Embedded and Data Center segments are expected to grow. AMD expects non-GAAP gross margin to be approximately 51% in the fourth quarter of 2022.
• For the full year 2022, AMD expects revenue to be approximately $23.5 billion, plus or minus $300 million, an increase of approximately 43% over 2021 led by growth in the Embedded and Data Center segments. AMD expects non-GAAP gross margin to be approximately 52% for 2022.

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