Advanced Micro Devices Inc. (AMD) is set to report third quarter 2018 earnings results on Wednesday, October 24. The company’s revenues are expected to grow 4.1% to $1.71 billion while earnings are expected to increase 37.5% to $0.11. Over the past four quarters, AMD has managed to top expectations and it is expected to do so for the third quarter as well.
In the second quarter, AMD reported better-than-expected revenue and earnings. Revenues increased 53% to $1.76 billion while adjusted earnings totaled $0.14 per share. The Computing and Graphics segment saw a solid 64% revenue growth, boosted by strong demand for the Radeon and Ryzen products. The Ryzen along with the new Threadripper products are expected to push growth in the third quarter as well as future quarters.
Last quarter, the Embedded and Semi-Custom segment revenue grew 37% helped by higher sales of semi-custom and server products. The company’s 7nm (nanometers) processors will be capable of providing better power efficiency and the addition of new features like Secure Encrypted Virtualization (SEV) will give AMD’s products a significant competitive advantage.
AMD defies crypto blues; stock jumps as Q2 results beat street view
The semiconductor industry is expected to see benefits from the increasing prominence of artificial intelligence and this is likely to bode well for AMD as well. AMD and its new range of products are capable of giving tough competition to Intel (INTC).
Related: AMD Q2 2018 Earnings Transcript
AMD’s shares have soared 143% so far this year and looking at the past three months, the stock is up 52%. If the company meets expectations for the third quarter, the stock is likely to get a lift but if it misses, the stock is likely to see a drop. The overall sentiment around the stock is positive.
AMD’s competitors Intel and NVIDIA (NVDA) are expected to report their third quarter results on October 25 and November 15 respectively.
Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
