- Sep 10, 2012
Chipmaker Advanced Micro Devices late Tuesday scorched Wall Street's targets for the fourth quarter. AMD stock jumped on the news.
AMD Earnings Slide Deck: https://d1io3yog0oux5.cloudfront.net/_8673b1e876d56c181768b458de9812a9/amd/db/778/6682/file/AMD+Q4'21+Financial+Results+Slides.pdf
AMD posts a monster earnings report and guidance for 2022:
Financial Outlook for 2022:Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q4 EPS of $0.92, $0.16 better than the analyst estimate of $0.76. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.52 billion.
Advanced Micro Devices, Inc. sees Q1 2022 revenue of $4.9-5.1 billion, versus the consensus of $4.32 billion.
Advanced Micro Devices, Inc. sees FY2022 revenue of $21.5 billion, versus the consensus of $19.27 billion.
- For the first quarter of 2022, AMD expects revenue to be approximately $5.0 billion, plus or minus $100 million, an increase of approximately 45 percent year-over-year and approximately 4 percent quarter-over-quarter. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and client processor revenue. AMD expects non-GAAP gross margin to be approximately 50.5 percent in the first quarter of 2022.
- For the full year 2022, AMD expects revenue to be approximately $21.5 billion, an increase of approximately 31 percent over 2021 driven by growth across all businesses. AMD expects non-GAAP gross margin to be approximately 51 percent for 2022.