AMD Q3 Earnings Highlights: What Investors Need To Know
- 6 months ago
Advanced Micro Devices shares are trading lower Wednesday on the heels of the company's third-quarter financial results. Multiple analysts lowered price targets following the print.
Q3 Revenue: $5.8 billion versus estimates of $5.695 billion
Q3 EPS: 70 cents versus estimates of 68 cents
Data center revenue was $1.6 billion, flat on a year-over-year basis. Client revenue was $1.5 billion, up 42% year-over-year. Gaming revenue was $1.5 billion, down 8% year-over-year and Embedded revenue was $1.2 billion, down 5% year-over-year.
Gross margin was 51%, operating income was $1.3 billion and net income was $1.1 billion in the third quarter. AMD.
Q3 Revenue: $5.8 billion versus estimates of $5.695 billion
Q3 EPS: 70 cents versus estimates of 68 cents
Data center revenue was $1.6 billion, flat on a year-over-year basis. Client revenue was $1.5 billion, up 42% year-over-year. Gaming revenue was $1.5 billion, down 8% year-over-year and Embedded revenue was $1.2 billion, down 5% year-over-year.
Gross margin was 51%, operating income was $1.3 billion and net income was $1.1 billion in the third quarter. AMD.