AMD tops expectations

AMD tops expectations

AMD's upward trajectory continues, driven by sales of CPU and game console chips

In the past quarter, AMD reported an adjusted EPS of $0.52 on revenues of $3.24 billion. The figures came in higher than what Wall Street was expecting: $0.47 earnings per share and revenues of $3.03 billion.

The quarter's star was the enterprise segment, which reported a 176% increase year-over-year and a 13% growth from the previous quarter to $1.28 billion. This division includes server chips and graphic processors for game consoles such as Sony PS5 and Microsoft Xbox One. The increase was driven by the rise in processor sales – chips which have been consistently selling out since last fall when they hit the shelves.

AMD expects its revenue to reach a high of $3.3 billion for the current quarter, while for the full year a 37% growth. In 2020, AMD's revenue was 45% higher year-over-year.

Following the news, AMD stock price gained 0.62%.

Read how AMD's competitor – Intel – has performed in the past quarter!

Source: cnbc.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.