AMD (AMD) Shares Jump 10% on Q4 Beat & Better Than Expected Guidance

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares were trading more than 10% higher after-hours following the company’s Q4 results, with EPS of $0.92 coming in better than the Street estimate of $0.76.

Revenue was $4.8, above the consensus estimate of $4.52 billion, driven by growth in Computing and Graphics and Enterprise, Embedded and Semi-Custom segments.

For the full 2021-year, the company posted record revenue of $16.4 billion, representing a 68% increase year-over-year.

The company expects Q1/22 revenue in the range of $4.9-5.1 billion, better than the consensus estimate of $4.32 billion. This represents a 45% year-over-year (or a 4% quarter-over-quarter) growth at the midpoint. The year-over-year growth is expected to be driven by growth across all businesses, while the quarter-over-quarter growth is expected to be driven by higher server and client processor revenue.

The company expects full 2022-year revenue of $21.5 billion (up 31% year-over-year), compared to the consensus of $19.27 billion.

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