AMD

Advanced Micro Devices (AMD) reported Q1 non-GAAP earnings on Tuesday of $0.96 per diluted share, up from $0.62 a year ago. Analysts polled by FactSet expected $0.94. Revenue for the quarter ended March 29 was $7.44 billion, up from $5.47 billion a year earlier. Analysts expected $7.12 billion. For Q2, the chipmaker expects revenue of $7.1 billion to $7.7 billion. Analysts are looking for $7.22 billion. Advanced Micro shares were up nearly 5% in after-hours activity.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Matt Ramsey – Investor Relations Lisa Su – Chair and Chief Executive Officer Jean Hu – Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Joshua Buchalter – TD Cowen & Company Timothy Arcuri – UBS Harlan Sur – JPMorgan Aaron Rakers – Wells Fargo Thomas O’Malley – Barclays Vivek Arya – Bank of America Securities C J Muse – Cantor Fitzgerald Stacy Rasgon – Bernstein Research Ross Seymore – Deutsche Bank Joe Moore – Morgan Stanley Operator Greetings. And welcome to the AMD First Quarter 2025 Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] And as a reminder, this conference is being recorded. It is now my pleasure to introduce to you Matt Ramsey, Vice

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are diving Wednesday following its fourth-quarter earnings release on Tuesday. Data center segment revenues and guidance given on the company’s conference call are weighing on investors. What To Know: AMD’s Datacenter fourth-quarter revenue came in below analyst expectations of $4.14 billion, per CNBC, and the company guided for further declines ahead. CFO Jean Hu said on the company’s earnings call that data center revenue is expected to decline by about 7% in the first quarter, in line with the company’s overall revenue. CEO Lisa Su added more color to the Q1 guidance and attributed the anticipated decline to seasonality across business segments. “And the way that breaks out in each of the segments assume that data center would be down just about that average, so the corporate average. We would expect the client business and the embedded business to be down more than that. Just given where seasonality is for

This article is from the free weekly Barron’s Tech email newsletter. Sign up here to get it delivered directly to your inbox. Lost Year. Hi everyone. Advanced Micro Devices is facing trouble in 2025. Double trouble, in fact. On Tuesday, AMD reported better-than-expected fourth-quarter earnings results and gave a slightly better-than-expected outlook for revenue in its current quarter. Still, the chip stock tumbled as much as 10% on the news. The culprits were some underlying numbers in the company’s data center business, along with weak commentary about its outlook for all-important AI chips. AMD’s December-quarter data center revenue came in at $3.86 billion, which was below the $4.14 billion estimate. The miss suggests the strong growth for AMD’s core x86 franchise, where it has been gaining share from Intel, could be slowing. AMD also faces a rising threat from Arm in the server CPU market. Microsoft, Amazon Web Services, and

By Elsa Ohlen AMD stock was falling after Goldman Sachs downgraded the chip maker’s shares and named its rivals among the bank’s picks for 2025. The move came following a note from the bank advising investors to tackle 2025 with a “barbell” strategy and own industry-leading artificial intelligence stocks, as well as those exposed to cyclical recovery in traditional chip areas. Goldman analysts led by Toshiya Hari downgraded Advanced Micro Devices to Neutral from Buy Thursday, cutting their price target to $129 from $175. Citing a more conservative PC and traditional server unit outlook — and modest growth for data center graphics processing unit (GPUs) given fierce competition from rivals — Hari also cut the chip maker’s revenue estimates for 2025/26 by double digits. AMD stock fell 2% to $119.40 in premarket trading Friday. Goldman continues to be bullish on Nvidia, saying its GPU is the industry standard. It rates

By Brian Swint Advanced Micro Devices, stock was falling in premarket trading Wednesday after it caught a downgrade. The semiconductor maker that competes with Nvidia and Intel, is not keeping up in the race to produce chips for artificial intelligence. Strategists at HSBC led by Frank Lee lowered their price target on the shares to $110 from $200 and cut the rating to Reduce from Buy. After noting the stock’s decline in the past three months, Lee said it could drop further. The company’s road map for producing AI graphics processors “is less competitive than we previously thought,” the analysts said in a note Wednesday. While Nvidia is still clearly the leader among AI chip makers, AMD, Broadcom, and Marvell Technology are also competing for market share as Big Tech firms such as Google-parent Alphabet and Facebook-owner Meta Platforms ramp up investment. AMD stock slid 2.3% to $124.54 in premarket

Advanced Micro Devices’ guidance was generally in-line but many were expecting more upside for the business, particularly in its data center segment, says Susquehanna Financial Group’s Christopher Rolland in a research note. The chip maker reported a sharp rise in quarterly sales on demand for its AI chips and other products for data centers. CEO Lisa Su raised her projection for AMD’s sales of AI chips this year to $5 billion from a $4.5 billion forecast in July. “While the company did raise 2024 MI300 revenue guidance to >$5B, we believe the negative stock reaction suggests the $500M raise was largely anticipated by investors,” says Rolland. AMD sinks 10% to $149.71.

At Computex 2024, AMD provided greater insights across its AI hardware capabilities in both data center and PCs. On the accelerator side, AMD introduced an annual cadence (like NVIDIA) where its plans to make the Instinct MI325X available in Q4 (focus on memory capacity with 288GB of ultra-fast HBM3E). AMD also highlighted that the MI350 Series will be available in 2025, with up to 35x AI inference boost versus the MI300 Series, while the MI400 accelerators will launch in 2026. Its Turin EPYC CPUs will be available in the second half of 2024. On the device side, AMD also highlighted its Ryzen AI 300 Series for Copilot+ PCs. Although AMD remains well behind peer NVIDIA, it is expected to generate at least $4B in GPU server revenue in CY 24 during its first full year selling the offering, largely supported by its partnership with Microsoft. We await whether AMD’s GPU

AMD (AMD) reported Q1 non-GAAP earnings Tuesday of $0.62 per diluted share, up from $0.60 a year earlier. Analysts surveyed by Capital IQ expected $0.61. Revenue in the quarter ended March 30 rose to $5.47 billion from $5.35 billion a year earlier. Analysts surveyed by Capital IQ expected $5.45 billion. The company expects Q2 revenue of $5.7 billion, plus or minus $300 million. Analysts surveyed by Capital IQ project $5.69 billion. AMD shares fell 2.9% in recent after-hours activity.

The following is a summary of the Advanced Micro Devices, Inc. (AMD) Q1 2024 Earnings Call Transcript: Financial Performance: AMD reported a Q1 2024 revenue of $5.5bn, an increase from the previous year, with growth driven by data center and client segment sales. The company expanded their gross margin by over 2 percentage points. Data center segment revenue grew by 80% YoY to a record $2.3bn, primarily driven by AMD Instinct MI300X GPU shipments and a double-digit percentage increase in server CPU sales. Client segment revenue increased by 85% YoY on strong demand for their Ryzen processors. Despite YoY revenue declines in Gaming and Embedded segments (48% and 46% respectively), AMD still reported a net YoY revenue increase. Business Progress: AMD is ramping up their data center business and enabling AI capabilities across their product portfolio. The launch of their second-generation Versal adaptive SoCs and Spartan Ultrascale+ FPGA family marks

By Brian Swint AMD stock was falling early Wednesday after disappointing investors on guidance for sales of processors used in data centers. It could be a warning for Nvidia. Both semiconductor makers have benefited from the excitement around artificial intelligence and enjoy strong valuations. That’s based on high expectations for future growth as companies invest in more computing power to run AI software. For AMD, those expectations weren’t met. Even though earnings were in line, its new guidance for data-center chips of $4 billion was seen as lowball. While still higher than the previous estimate of $3.5 billion, some analysts were predicting that it should be much higher. “We are firm believers in AMD’s revitalized product roadmap strategy, and product traction is compelling,” said KeyBanc strategists led by John Vinh. “However, expectations for share gains and growth are high. We’re concerned that any moderate downtick to expectations could add substantial

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target at $200, on P/E of 36.8x our ’25 EPS view, below 5-year historical average/above peers. We adjust our ’24 EPS estimate to $3.54 from $4.10 but keep ’25 at $5.44. AMD posts Q1 EPS of $0.62 vs. $0.60, beating the $0.61 consensus. Sales rose 2% and provided Q2 outlook (+6% Y/Y) largely in line with expectations, as investors were hoping for more amid a strong AI capex environment. Still, Data Center momentum (+80%) remains strong, as it incrementally boosts ’24 GPU server outlook ($4B from $3.5B) given better MI300X visibility from cloud players (Microsoft, Meta, Oracle) and enterprise momentum. Easy comparisons and PC recovery drove Client (+85%), while we expect an enterprise refresh cycle for AI PCs to start in the 2H.