AMD (AMD) Reports In-Line Q1 EPS, Offers Guidance

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q1 EPS of $0.62, in-line with the analyst estimate of $0.62. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.48 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q2 2024 revenue of $5.4-6 billion, versus the consensus of $5.7 billion.

• For the second quarter of 2024, AMD expects revenue to be approximately $5.7 billion, plus or minus $300 million. At the mid-point of the revenue range, this represents year-over-year growth of approximately 6% and sequential growth of approximately 4%. Non-GAAP gross margin is expected to be approximately 53%.

For earnings history and earnings-related data on Advanced Micro Devices, Inc. (AMD) click here.

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