Categories AlphaGraphs, Earnings, Technology
Advanced Micro Devices (AMD) Q4 earnings in line with estimates, stock advances
Advanced Micro Devices (AMD) reported Q4 EPS of $0.08, which was in line with analysts estimates. Revenue of $1.42 billion, missed modestly Street’s views. Analysts had estimated AMD to earn $0.08 per share on revenue of $1.45 billion. AMD stock jumps about 9% during the after-market hours.
Revenue growth of 6% in the recently ended quarter was aided by the strong performance of the Computing and Graphics segment. On a GAAP basis, AMD reported a profit of 4 cents per share compared to a loss of 2 cents per share in the prior-year quarter.
Related: Advanced Micro Devices (AMD) Q4 2018 earnings conference call transcript
Revenue from Computing and Graphics grew 9% year-over-year, driven by the strong sales of Ryzen processors. Enterprise, Embedded and Semi-Custom segment revenue was flat compared to the year-ago quarter.
CEO Lisa Su said that the company more than doubled EPYC processor shipments sequentially and delivered record GPU datacenter revenue in the quarter. “Despite near-term graphics headwinds, 2019 is shaping up to be another exciting year driven by the launch of our broadest and most competitive product portfolio ever with our next-generation 7nm Ryzen, Radeon, and EPYC products,” she added.
After Nvidia (NVDA) lowered its Q4 2019 revenue guidance on Monday, almost all the semiconductor companies got battered yesterday and today. AMD stock has slipped about 12% from its Friday closing price of $21.93, while the Philadelphia Semiconductor Index dropped about 3% for the same timeframe. 
For the first quarter of 2019, AMD expects revenue to be about $1.25 billion, plus or minus $50 million, a decrease of approximately 12% sequentially, hurt by the continued softness in the graphics channel and seasonality across the business. This outlook also represents a year-over-year decline of 24%, driven by lower graphics sales due to excess channel inventory, the absence of blockchain-related GPU revenue and lower memory sales.
For full-year 2019, AMD expects high-single-digit percentage revenue growth driven by Ryzen, EPYC and Radeon datacenter GPU product sales.
Shares of AMD have gained 44% in the last 12 months and about 4% so far in 2019. AMD stock closed down 4.61% at $19.25.
Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text
Most Popular
Infographic: How UnitedHealth Group (UNH) performed in Q1 2024
UnitedHealth Group (NYSE: UNH) reported its first quarter 2024 earnings results today. Revenues increased 9% year-over-year to $99.8 billion. Net loss attributable to UnitedHealth Group common shareholders was $1.4 billion,
MS Infographic: Morgan Stanley reports higher revenue and profit for Q1 2024
Banking giant Morgan Stanley (NYSE: MS) announced financial results for the first quarter of 2024, reporting an increase in revenues and net profit. Net income applicable to shareholders was $3.41
BAC Earnings: All you need to know about Bank of America’s Q1 2024 earnings results
Bank of America (NYSE: BAC) reported its first quarter 2024 earnings results today. Total revenue decreased 2% year-over-year to $25.8 billion. Net income was $6.7 billion, or $0.76 per share,
Comments