- Advanced Micro Devices (NASDAQ:AMD) shares are down 0.4% aftermarket following Q4 results that beat EPS and revenue estimates.
- Upside Q1 guidance: revenue, $1.5B to $1.6B (consensus: $1.24B); non-GAAP gross margin, 36%.
- FY18 guidance has double-digit percent growth in annual revenue (11.6% growth consensus) and non-GAAP gross margin over 36%.
- Computing and Graphics performance: Sales totaled $958M (+60% Y/Y) driven by strong Radeon and Ryzen sales. Client ASP increased on the year but flat on the quarter due to increase in desktop processor ASP. GPU ASP was up on the year and sequentially driven by desktop and professional graphics processors.
- Enterprise, Embedded and Semi-Custom performance: Revenue was $522M (+3% Y/Y; - 37% Q/Q) with the increase driven by server revenue and the decrease due to seasonally lower semi-custom SoC revenue.
- Key results: Cost of sales, $965M; gross margin, 35% (+3 percentage points Y/Y); R&D spend, $300M (-$15M Y/Y); MG&A spend, $133M (+$1M Y/Y); cash and cash equivalents, $1.18B.
- Press release
- Earnings call starts at 5 PM Eastern with a webcast available here.
- Previously: Advanced Micro Devices beats by $0.03, beats on revenue (Jan. 30)
- Now read: Intel (NASDAQ:INTC) And The Meltdown And Spectre Vulnerabilities Explained
Original article