Advanced Micro Devices, Inc. (AMD) Reports In-Line Q3 EPS; offers Q4 guidance
Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q3 EPS of $0.92, in-line with the analyst estimate of $0.92. Revenue for the quarter came in at $6.82 billion versus the consensus estimate of $6.71 billion.
GUIDANCE:
Advanced Micro Devices, Inc. sees Q4 2024 revenue of $7.5 billion plus or minus $300 million, versus the consensus of $7.548 billion.
At the mid-point of the revenue range, this represents year-over-year growth of approximately 22% and sequential growth of approximately 10%. Non-GAAP gross margin is expected to be approximately 54%.
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