Advanced Micro Devices (AMD) Tops Q4 EPS by 3c, Offers Q1 Revenue Guidance

Advanced Micro Devices (NASDAQ: AMD) reported Q4 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.41 billion.

GUIDANCE:

Advanced Micro Devices sees Q1 2018 revenue of $1.55 billion at midpoint, versus the consensus of $1.25 billion.

Guidance for Q1 2018 and the year-over-year comparison are under the new revenue recognition accounting standard (ASC 606). AMD is adopting the new revenue recognition standard by applying the “full retrospective” method. For comparative purposes under the new standard, Q1 2017 restated revenue was $1.18 billion and Q4 2017 restated revenue was $1.34 billion.

For fiscal 2018, AMD expects the impact of the new standard on revenue to be immaterial.

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

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