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AMD +8.6% on Q1 beats, upside guidance

Published 04/25/2018, 04:54 PM
Updated 04/25/2018, 04:54 PM
© Reuters.  AMD +8.6% on Q1 beats, upside guidance
  • AMD (NASDAQ:AMD) shares pop 8.6% aftermarket on Q1 results that beat EPS and revenue estimates with a 40% Y/Y revenue growth. Upside Q2 guidance has revenue from $1.675B to $1.775B (consensus: $1.58B).
  • Revenue breakdown: Computing and Graphics segment revenue was up 95% on the year to $1.12B (+23% Q/Q) driven by strong sales of Radeon and Ryzen products. Enterprise, Embedded and Semi-Custom segment was -12% Y/Y to $532M (+23% Q/Q).
  • Key metrics: Gross margin, 36% (+4 percentage points Y/Y); operating margin, 27% (-4 pp); R&D spend, $343M (+$72M); MG&A spend, $134M (+$11M); cash and equivalents, $1.1B.
  • Earnings call is scheduled for 5:30 PM Eastern with a webcast available here.
  • Press release
  • Previously: Advanced Micro Devices beats by $0.02, beats on revenue (April 25)
  • Now read: Cryptocurrency Developers Are Protecting AMD And Nvidia's Lucrative Ethereum Tailwind


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