Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 2c, Offers Guidance

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q2 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.53 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q3 2022 revenue of $6.5-6.9 billion, versus the consensus of $6.82 billion.

• For the third quarter of 2022, AMD expects revenue to be approximately $6.7 billion, plus or minus $200 million, an increase of approximately 55% year-over-year led by growth in the Data Center and Embedded segments. AMD expects non-GAAP gross margin to be approximately 54% in the third quarter of 2022.

Advanced Micro Devices, Inc. sees FY2022 revenue of $26.3 billion, versus the consensus of $26.1 billion.

• For the full year 2022, AMD continues to expect revenue to be approximately $26.3 billion, plus or minus $300 million, an increase of approximately 60% over 2021 led by growth in the Data Center and Embedded segments. AMD continues to expect non-GAAP gross margin to be approximately 54% for 2022.

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

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