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AMD Jumps 6% on Beat-and-Raise Earnings as Revenues Rise 71% Amid Xilinx Deal

Tiger Newspress2022-05-04

AMD shares jumped over 6% in premarket trading following a strong beat-and-raise first quarter.Non-GAAP net income for Q1 was $1.13 per share, well above the consensus of $0.91. Revenue rose 71% to $5.9 billion and included partial quarter financial results from the Xilinx merger.

"The first quarter marked a significant inflection point in our journey to scale and transform AMD as we delivered record revenue and closed our strategic acquisition of Xilinx," said AMD Chair and CEO Dr. Lisa Su. "Each of our businesses grew by a significant double digit percentage year-over-year, led by EPYC server processor revenue more than doubling for the third straight quarter. Demand remains strong for our leadership products, with our increased full-year guidance reflecting higher AMD organic growth and the addition of the growing Xilinx business."

For the second quarter, AMD sees revenue up approximately 69% year-over-year and approximately 10% quarter-over-quarter to $6.3-$6.7 billion, or $6.5 billion at the mid-point, above the consensus of $6.38 billion. The increase is expected to be driven by the addition of Xilinx and higher server, semi-custom and client revenue.

For the year, AMD sees revenue up approximately 60% to $26.3 billion versus the consensus of $25.15 billion. The results are seen driven by the addition of Xilinx and higher server and semi-custom revenue.

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Comment24

  • saral
    ·2022-05-05
    Wow
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  • BlueDragon
    ·2022-05-05
    Nice
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  • Blading23
    ·2022-05-05
    Good
    Reply
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  • RichyRick
    ·2022-05-05
    Good to know 
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  • 来人
    ·2022-05-04
    Nice
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  • Bspn
    ·2022-05-04
    Ok
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  • AhBart
    ·2022-05-04
    Should AMD continue to thrive, Intel may continue to be in trouble 🤓. The Intel story is a good case study for the post graduates academics 🧐
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  • BentoBox
    ·2022-05-04
    [Cool] 
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  • lilynguyen
    ·2022-05-04
    Gd
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  • fishfire
    ·2022-05-04
    FY22 performance will definitely surpass previous result. Thanks to newly bought over xilinx 
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  • koolgal
    ·2022-05-04
    How awesome is that!  Revenues up 71% for AMD!  Let's celebrate! 🎉🎊🎉
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  • buntawrx88
    ·2022-05-04
    [Like] 
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  • Zivcheah
    ·2022-05-04
    O
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  • blessed_1
    ·2022-05-04
    Thanks 
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  • Remotecam
    ·2022-05-04
    Wow that's wonderful news from$AMD(AMD)$.  Amazing numbers and bullish guidance.  [Like] 
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  • blessed_1
    ·2022-05-04
    nice
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  • 苗派
    ·2022-05-04
    Jump Jump !!
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  • Jahme
    ·2022-05-04
    Yes
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  • yyhwin12345
    ·2022-05-04
    Hi
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  • Prost
    ·2022-05-04
    Good 
    Reply
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