$Advanced Micro Devices(AMD)$ Q3 overall results, revenue & profit are in line with and slightly exceeded expectations1. 29.5% year-on-year growth in the client side out of the trough, data center in the AI-driven CPU and GPU shipments increased market share and hit a new high;2. the operating expense side of the business was relatively stable and profits rebounded;Down 7% after hours, still mostly unhappy with guidance.1. Q4 revenue guidance of $7.2-$7.8bn, median $7.5bn lower than Consensus' $7.55bn; gross margin guidance of 54% also smaller than Consensus' 54.21%;2. guidance for data centers (AI gas pedals) was raised from $4.5 billion to $5.0 billion, but the market expects a bigger boost amid Nvidia's supply relief;3. the embedded and gami
AMD Guidance Misses: Will it Hit $130 This Time?
AMD's Q3 revenue grew by 18% year-over-year to $6.82 billion, surpassing market expectations of $6.71 billion. Adjusted earnings per share came in at $0.92, in line with market expectations. However, the Q4 guidance fell short of expectations, dampening the enthusiasm surrounding AI chip demand. -------------------- What's your target price? Would you bottom AMD at $150 or lower prices? Will AMD drop to $130?
+ Follow
+4