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.

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
Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06