Categories Earnings, Technology

Advanced Micro Devices (AMD) beats Q4 revenue and earnings estimates

Advanced Micro Devices (NASDAQ: AMD) surpassed revenue and earnings expectations for the fourth quarter of 2019. Despite the beat, shares fell 2.5% in aftermarket hours on Tuesday as the outlook came below estimates.

Total revenue of $2.13 billion was up 50% from the same period last year and above forecasts of $2.11 billion. Revenue growth was driven mainly by the Computing and Graphics segment.  

Advanced Micro Devices beats Q4 2019 revenue and earnings estimates

GAAP net income was $170 million, or $0.15 per share, compared to $38 million, or $0.04 per share, last year. Adjusted net income was $383 million, or $0.32 per share. Analysts had forecast adjusted EPS of $0.31.

In the Computing and Graphics segment, revenue was $1.66 billion, up 69% year-over-year, driven mainly by strong sales of Ryzen processors and Radeon gaming GPUs. Enterprise, Embedded and Semi-Custom segment revenue was $465 million, up 7% year-over-year driven by higher EPYC processor sales.  

For the first quarter of 2020, AMD expects revenue to be approx. $1.8 billion, plus or minus $50 million. Analysts had estimated revenue of $1.86 billion. For the full year of 2020, AMD expects revenue to grow approx. 28-30% over 2019.

Cash, cash equivalents and marketable securities were $1.50 billion at the end of the quarter.  

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

SBUX Earnings: Key quarterly highlights from Starbucks’ Q4 2024 financial results

Starbucks Corporation (NASDAQ: SBUX) reported its fourth quarter 2024 earnings results today. Consolidated net revenues declined 3%, including on a constant currency basis, to $9.1 billion compared to the same

Key highlights from Biogen’s (BIIB) Q3 2024 earnings results

Biogen Inc. (NASDAQ: BIIB) reported its third quarter 2024 earnings results today. Total revenue decreased 3% year-over-year to $2.46 billion. Revenues were down 3% on a constant currency basis as

Infographic: Caterpillar (CAT) reports lower Q3 revenue and adj. profit

Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Wednesday reported a decrease in revenue and adjusted earnings for the third quarter of 2024. Sales and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top