AMD Reports Second Quarter 2022 Financial Results

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New Street Research Reiterates Sell Rating on AMD (AMD), 'With the console cycle also slowing, expectations are at risk'

August 3, 2022 10:10 AM EDT

New Street Research analyst Pierre Ferragu reiterated a Sell rating and $80.00 price target on AMD (NASDAQ: AMD).

The analyst comments "AMD has won the right to be a sustainable challenger to Intel but should see market share momentum plateauing this year... More

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

August 2, 2022 4:07 PM EDT

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... More