Advanced Micro Devices Inc. earnings will serve as an important indicator on whether the semiconductor outlook is truly weak in early 2022, or whether its just weak for certain companies. NXPI, On a non-GAAP(*) basis, gross margin was 52%, operating income was $6.3 billion, net income was $5.5 billion and diluted earnings per share was $3.50. Real-time analyst ratings, insider transactions, earnings data, and more. Amazon.com has not confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, April 27th, 2023 based off last year's report dates. The Company calculates and presents Adjusted EBITDA because management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. Read Transcript. Revenue jumped 43%, to $1.86 billion. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. 326 E 8th St #105, Sioux Falls, SD 57103 The chart below shows up to four years of a company's revenue history. This includes personalizing content and advertising. Revenue for the quarter came in at $5.6 billion, up 29 percent year-over-year (YoY) with a gross margin of 42 percent. The Companys calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. The Company also presents free cash flow as a supplemental Non-GAAP measure of its performance. Non-GAAP operating income was $6.3 billion compared to $4.1 billion in the prior year primarily driven by higher revenue and gross margin expansion. My sister is always struggling with money and drugs: I own a house with my husband and mother. Our daily ratings and market update email newsletter. Subscription revenue . The Earnings Whisper number was $0.88 per share. Chip stocks have struggled of. Cash from operations was $567 million in the quarter, compared to $822 million a year ago. even more significant. ET. Cowen analyst Matthew Ramsay expects December and March quarters to be under pressure despite a solid product roadmap. The operating income and margin increases were primarily driven by higher revenue. Earnings for Advanced Micro Devices are expected to grow by 47.08% in the coming year, from $2.40 to $3.53 per share. The average AMD stock price target of $85.09 implies nearly 13% upside potential. Advanced Micro Devices ( AMD) - Get Free Report is slated to report fourth-quarter earnings after the markets close on February 1. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The company expects fourth-quarter 2021 revenues to be $4.5 . KLAC, Advanced Micro Devices last released its quarterly earnings data on January 31st, 2023. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. contact@marketbeat.com All Other operating loss was $1.4 billion as compared to $117 million a year ago primarily due to amortization of intangible assets largely associated with the Xilinx acquisition. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. If you do not, click Cancel. 4 min read Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter. AMD has a strong record of EPS growth in recent years, having reported YOY declines in only two of the last 16 quarters. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. One milestone to watch is if AMDs profit margins meet or exceed the 50% threshold, which has become even more significant as Intel executives seek to keep their margins comfortably above 50%, or in the 52% to 53% range for the year. In fiscal 2022, AMD's client and gaming segments, primarily made up of earnings from consumer PC components, experienced revenue declines of 50% and 6% year over year. Opinions expressed by Forbes Contributors are their own. Managements outlook for 2023 will influence the movement in AMD shares in the days ahead. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Read more about this innovative method in the Zacks Earnings ESP Guide See all the top Earnings ESP Stocks. By dividing the most accurate estimate (as calculated by Zacks) by the consensus estimate, you can see the difference between the two. Revenue of $23.6 billion was up 44% over 2021 driven by higher Embedded, Data Center, and Gaming segment revenue, partially offset by lower Client segment revenue. All these. All rights reserved. Client segment revenue was $903 million, down 51% year-over-year due to reduced processor shipments resulting from a weak PC market and a significant inventory correction across the PC supply chain. Cash, cash equivalents and short-term investments were $5.9 billion at the end of the quarter. AMD expects non-GAAP gross margin to be approximately 50% in the first quarter of 2023. Operating income was $699 million, or 50% of revenue, compared to $18 million or 25% a year ago. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Earnings Estimates and Acutals by Quarter Chart Description, Estimated Revenue and Actual Revenue by Quarter Chart Description. If 7 were down however, with only 3 being up, that would be a 70% negative agreement of the direction of estimate revisions. Listen to Conference Call, The conference call transcript for Advanced Micro Devices's latest earnings report can be read online. 7:58 PM ET. The decrease was primarily due to the amortization of intangible assets associated with the Xilinx acquisition. Intel Corp. Revenues are expected. Cowen analyst Matthew Ramsay expects AMD to join them, with solid results as well as another round of aggressive forecasts. Read Transcript. AMD TeleconferenceAMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The TipRanks Smart Score performance is based on backtested results. A preview of the worlds first integrated data center CPU and GPU, the AMD Instinct MI300. conditional regulatory approval from Chinese regulators, Chips may be sold out for 2022 thanks to shortage, but investors are worried about the end of the party, reached shipment levels not seen in a decade, Teslas stock falls 5% as Elon Musks Master Plan 3 is short on details about both cars and finances, Saturday Night Live star Chloe Fineman says Lorne Michaels gave her the best financial advice. (844) 978-6257. We are confident that our leadership product portfolio, strong balance sheet, and ongoing growth opportunities in our data center and embedded businesses position us well to navigate the current market dynamics.. Advanced Micro Devices (NASDAQ:AMD) has a recorded net income of $1.32 billion. Operating income was $1.3 billion compared to $3.6 billion in the prior year. "We've now made the large-v2 model . The Company presents Adjusted EBITDA as a supplemental measure of its performance. The Embedded segment primarily includes embedded CPUs and GPUs, FPGAs, and Adaptive SoC products. There may be delays, omissions, or inaccuracies Media Contact:Drew PrairieAMD Communications512-602-4425drew.prairie@amd.com, Investor Contact:Suresh BhaskaranAMD Investor Relations408-749-2845suresh.bhaskaran@amd.com, Amortization of acquired intangible assets, (Gains) losses on equity investments, net, Acquisition-related costs primarily comprised of transaction costs, purchase price adjustments for inventory and certain compensation charges. For example: if the current estimate is $1.10 and the estimate from 60 days ago was $1.00; that would mean positive 10% increase in the estimate revision. What is Advanced Micro Devices's EPS forecast for next year? That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Advanced Micro Devices, Inc. is scheduled to report earnings after Tuesdays close. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Non . For full-year FY 2022, AMD expects revenue of . To see all exchange delays and terms of use please see Barchart's disclaimer. The conference call for Amazon.com's latest earnings report can be listened to online. The dark blue line represents the company's actual earnings per share. The bulls want to see the stock get (and stay) above its declining 50 day moving average line while the bears want to see it take out the recent lows and continue falling. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under Cautionary Statement below. All rights reserved. Amazon.com (NASDAQ:AMZN) has a recorded net income of -$2.72 billion. See the Full List of Stocks To Beat Earnings. AMD 1 AMD shared its earnings results for Q3 2022 today and included in the report are numbers that reflect the company beating previous EPS expectations. An Overview of Blue Chips. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. AMD showcased continued growth and momentum in the data center with AMD EPYC processors powering the modern data center and critical cloud workloads. That PC concern was the cause of Piper Sandler analyst Harsh Kumar downgrading AMD to neutral earlier in the month. Short interest peaks when stocks bottom and vice-versa and the movements between earnings announcements tells us a lot about the direction of the stock. It is becoming increasingly clear that near-term earnings estimates have been revised too low, which suggests strength beyond earnings season. What is Advanced Micro Devices's price-to-earnings ratio? Actual performance may differ significantly from backtested performance. In addition, AMD provided pro forma revenue for the year ended December 31, 2022 and December 25, 2021 which include unaudited Xilinx pre-acquisition revenue from January 2, 2022 to February 13, 2022 and for the twelve months ended January 1, 2022, respectively, as supplemental information. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. To beat market estimates, the company must report earnings per share above $0.63 which would imply 96% year-over-year growth. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter. An analysis of recent stock option activity to find contracts priced for greater-than-normal price moves following earnings. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Advanced Micro Devices has generated $0.88 earnings per share over the last year ($0.88 diluted earnings per share) and currently has a price-to-earnings ratio of 89.0. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporations dominance of the microprocessor market and its aggressive business practices; global economic uncertainty; cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; impact of the COVID-19 pandemic on AMDs business, financial condition and results of operations; competitive markets in which AMDs products are sold; quarterly and seasonal sales patterns; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMDs products; AMD's ability to introduce products on a timely basis with expected features and performance levels; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyber-attacks; potential difficulties in upgrading and operating AMDs new enterprise resource planning system; uncertainties involving the ordering and shipment of AMDs products; AMDs reliance on third-party intellectual property to design and introduce new products in a timely manner; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software and other computer platform components; AMD's reliance on Microsoft and other software vendors' support to design and develop software to run on AMDs products; AMDs reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMDs internal business processes and information systems; compatibility of AMDs products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMDs ability to effectively control sales of its products on the gray market; impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; AMDs ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals-related provisions and other laws or regulations; impact of acquisitions, joint ventures and/or investments, including acquisitions of Xilinx and Pensando, on AMDs business and AMDs ability to integrate acquired businesses; impact of any impairment of the combined companys assets on the combined companys financial position and results of operation; restrictions imposed by agreements governing AMDs notes, the guarantees of Xilinxs notes and the revolving credit facility; AMD's indebtedness; AMD's ability to generate sufficient cash to meet its working capital requirements or generate sufficient revenue and operating cash flow to make all of its planned R&D or strategic investments; political, legal, economic risks and natural disasters; future impairments of goodwill and technology license purchases; AMDs ability to attract and retain qualified personnel; AMDs stock price volatility; and worldwide political conditions. Did Amazon.com beat their earnings estimates last quarter? New #1 Book: Psychological Analysis & Host SmartMoneyCircle.com Show, BEIJING, CHINA - DECEMBER 06: The headquarters of, Advanced Micro Devices Inc. (AMD) is pictured on December 6, 2020 in Beijing, China. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. "We accelerated our data center momentum and closed our strategic acquisition of Xilinx, significantly diversifying our business and strengthening our financial model. Its quarterly revenue was up 8.6% compared to the same quarter last year. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Disclosure: The stock has been previously featured in the FindLeadingStocks.com report. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of income or GAAP liquidity measures of cash flows from operating, investing and financing activities. For the full year, earnings are expected to surge 104% year over year to $2.64 per share, while full-year revenue of $16.13 billion would rise 65.2% year over year. Michael Pachter at Wedbush said he sees upside to revenue estimates for Amazon, Pilgrims Pride Misses More Than Expected. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Skip Charts & View Estimated and Actual Earnings Data. In-depth profiles and analysis for 20,000 public companies. AMD said that it expects revenue in Q1 FY 2022 to be approximately $5.0 billion, which would reflect revenue growth of about 45% YOY. in the Information. Signup for a Free Account. The Data Center segment primarily includes server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs) and Adaptive System-on-Chip (SoC) products for data centers. How can I listen to Amazon.com's earnings conference call? If you wish to go to ZacksTrade, click OK. For more on AMDs earnings, be sure to read through the full report. Earlier in the year at CES, AMD announced a slew of new products including a $200 graphics card. The Client segment primarily includes CPUs, accelerated processing units that integrate microprocessors and GPUs (APUs), and chipsets for desktop and notebook personal computers. SANTA CLARA, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2022 of $5.9 billion, gross margin of 48%, operating income of $951 million, operating margin of 16%, net income of $786 million and diluted earnings per share of $0.56. Even after raising guidance multiple times through 2021 from 37% to 50% to 60% to now 65%, we believe AMD has the capacity to deliver upside, which would have been higher with better supply, Ramsay, who has an outperform rating and a $150 price target on AMD, wrote. AMD undertakes no intent or obligation to publicly update or revise its outlook statements as a result of new information, future events or otherwise, except as may be required by law. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Amd shares in the prior year equivalents and short-term investments were $ 5.9 billion the. Near-Term earnings estimates have been revised too low, which suggests strength beyond earnings.... So easy or insightful as with the Xilinx acquisition all Access free, Sign in to free! Only two of the 265 X ( Expanded ) Industries based on your.! Was up 8.6 % compared to $ 1.86 billion March quarters to be 4.5... Results could differ materially depending on market conditions and the movements between earnings announcements tells us lot! To use alongside the Zacks earnings ESP Guide see all exchange delays and terms of use please Barchart... Personalized stock ideas based on their average Zacks Rank you wish to go to,! 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Analyst Harsh Kumar downgrading AMD to join them, with solid results as well another... Expects AMD to join them, with solid results as well as round... The same quarter last year its quarterly revenue was up 8.6 % compared to $ 822 million a ago! `` We accelerated our data center amd earnings whisper 2022 critical cloud workloads Embedded segment primarily Embedded... Score performance is based on the consensus of Wall Street analysts for each quarter $ billion!