🕵🏻♀️🕵🏻♂️Let’s have a look at Q4 2022 Earnings Report for AMD released on 31/1/23:
⭐️ Revenue: Q4-$5.6 Billion FY22-$23.6 Billion
👍 Beat analysts’ Q4 forecast of $5.5 Billion🥊
👍 Revenue increased 16% over Previous Year Same Quarter’s $4.8 Billion
👍 Revenue increased 44% over FY21-$16.4 Billion
⭐️ Earnings Per Share (EPS):
👎👎 Diluted EPS: $0.01 decreased 98.75% over Previous Quarter’s $0.80
👍 Adjusted EPS: $0.69 beating analysts’ forecast of $0.67
⭐️Cash Flow from Operations: $0.567 Billion
👎 Cash Flow from Operations decreased 22.96% over Previous Year Same Quarter’s $0.822 Billion
⭐️ Q1 2023 outlook is for revenue to be in the range of $5 to $5.6 Billion.
👌 Analysts were looking for sales of $5.5 Billion.
👎 10% lower than Q4’s $5.6 Billion.
🤔💭QN: Buy, Hold, or Sell⁉️
AMD joins TSM, TXN, LCRX, & INTC in their 🐻-ish outlook, suggesting that the chip down cycle has not ended🫠🫠
⚠️ Despite the positive Q4 report, a 10% decline in revenue in Q1 2023 is expected from a drop in its Client & Gaming segments' revenue.
⚠️ AMD’s earnings come as the broader PC industry deals with a massive slowdown in computer sales following the explosive growth the sector saw during the pandemic. The company reported a 51% year-over-year decline in processor shipments, & an operating loss for its Client segment of $152 million, compared to income of $530 million just last year.
🥳🥳🥳 AMD CEO Lisa Su says the PC market is about to bottom out for the chip supplier "We do believe the first quarter is the bottom for our PC market,"
⭐️ The current consensus among 43 polled investment analysts is a BUY🤔
⭐️ 37 analysts offering 12-month price forecasts for AMD have a median🎯 of $85 with a high estimate of $200 & a low estimate of $60.
‼️AMD has a 52-Week High of $152.42 & a 52-Week Low of $54.57 & the closing price was $75.15 on 31/1 (Tue).
I’m eagerly waiting for the earnings of NVDA on 22 Feb to see what unfolds for the chip sector🤗🥳
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