AMD Reports First Quarter 2024 Financial Results
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5 analysts weigh in on AMD earnings
May 1, 2024 8:01 AM EDTAMD (NASDAQ: AMD) reported its latest quarterly earnings after the close Tuesday, with profit in line with consensus expectations and revenue topping estimates.
AMD posted Q1 EPS of $0.62, while revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.48 billion.
Furthermore, the company sees Q2 2024 revenue of $5.4-6 billion, versus the consensus of $5.7 billion, while for the second quarter of 2024, AMD expects revenue to be approximately $5.7 billion, plus or minus $300 million. At the mid-point of the revenue range, this represents... More
AMD (AMD) PT Lowered to $170 at Cantor Fitzgerald
May 1, 2024 6:36 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $170.00 (from $190.00) while maintaining a Overweight rating.
The analyst comments "At the heart of investor disappointment is lack of earnings leverage upside vis-Ã -vis consensus for all of CY24. The MI300 ramp is truly impressive, but supply constraints (mgmt. raised guide to $4B, we are hearing sufficient HBM for $5-6B) are limiting a vision for even greater upside where... More
AMD (AMD) PT Lowered to $176 at Citi
May 1, 2024 6:25 AM EDTCiti analyst Christopher Danely lowered the price target on AMD (NASDAQ: AMD) to $176.00 (from $192.00) while maintaining a Buy rating.
The analyst comments "Yesterday after the close, AMD reported decent results and guided above Consensus driven by the MI300 ramp. The company also... More
AMD stock slides as earnings, outlook meet expectations; analysts remain bullish
April 30, 2024 4:24 PM EDT(Updated - May 1, 2024 4:35 AM EDT)
Advanced Micro Devices (NASDAQ: AMD) saw its shares plunge 5.5% in premarket trading Wednesday after the chipmaking giant posted in-line earnings per share (EPS) for the fiscal Q1 2024.
Specifically, the company posted EPS of $0.62, meeting analyst estimates. Revenue for the quarter reached $5.5 billion, slightly surpassing the consensus estimate of $5.48 billion.
The non-GAAP gross margin for the quarter increased by 2 percentage points year-over-year to 52%.
We delivered... More
