Advanced Micro Devices, Inc. (AMD) Tops Q4 EPS by 16c, Q1 and FY Guidance Beat

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q4 EPS of $0.92, $0.16 better than the analyst estimate of $0.76. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.52 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q1 2022 revenue of $4.9-5.1 billion, versus the consensus of $4.32 billion.

• For the first quarter of 2022, AMD expects revenue to be approximately $5.0 billion, plus or minus $100 million, an increase of approximately 45 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 client processor revenue. AMD expects non-GAAP gross margin to be approximately 50.5 percent in the first quarter of 2022.

Advanced Micro Devices, Inc. sees FY2022 revenue of $21.5 billion, versus the consensus of $19.27 billion.

• For the full year 2022, AMD expects revenue to be approximately $21.5 billion, an increase of approximately 31 percent over 2021 driven by growth across all businesses. AMD expects non-GAAP gross margin to be approximately 51 percent for 2022.

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

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