AMD Reports Record Performances All Around in Beat-And-Raise Q1, Stock Rallies
Posted: Thu May 05, 2022 12:09 pm
Advanced Micro Devices, Inc. reported record first-quarter revenue and non-GAAP net income that comfortably beat estimates. The chipmaker’s results reflected across-the-board strength, led by higher Ryzen and EPYC processor sales and solid semi-custom revenue. The company raised its full-year revenue guidance, citing strong contributions from Xilinx and server and semi-custom segments. AMD’s Key Q1 Metrics AMD reported first-quarter non-GAAP earnings per share of $1.13, exceeding the 91-cent consensus estimate. This compares to the year-ago quarter’s 52 cents and the December quarter’s 92 cents per share. Revenues came in at a record $5.89 billion, representing a 71 percent year-over-year growth and 22 percent sequential increase. AMD’s topline exceeded the consensus estimate of $5.52 billion and the company’s guidance of $5 billion, plus or minus $100 million. ...
Source: https://www.theepochtimes.com/amd-repor ... 46465.html
Source: https://www.theepochtimes.com/amd-repor ... 46465.html