AMD Tops Q1 EPS by 22c, Raises Guiance

  • Investing.com
AMD Tops Q1 EPS by 22c, Raises Guiance

Advanced Micro Devices, Inc. (NASDAQ: AMD ) reported Q1 EPS of $1.13, $0.22 better than the analyst estimate of $0.91. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.52 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q2 2022 revenue of $6.5 billion, versus the consensus of $6.38 billion.

  • AMD’s outlook statements are based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.For the second quarter of 2022, AMD expects revenue to be approximately $6.5 billion, plus or minus $200 million, an increase of approximately 69% year-over-year and approximately 10% quarter-over-quarter. The year-over-year increase is expected to be driven by the addition of Xilinx (NASDAQ: XLNX ) and higher server, semi-custom and client revenue. The quarter-over-quarter increase is expected to be primarily driven by Xilinx and higher server revenue. AMD expects non-GAAP gross margin to be approximately 54% in the second quarter of 2022.

Advanced Micro Devices, Inc. sees FY2022 revenue of $26.3 billion, versus the consensus of $25.15 billion.

  • For the full year 2022, AMD now expects revenue to be approximately $26.3 billion, an increase of approximately 60% over 2021, up from prior guidance of approximately 31%, driven by the addition of Xilinx and higher server and semi-custom revenue. AMD expects non-GAAP gross margin to be approximately 54% for 2022, up from prior guidance of approximately 51%.

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