Advanced Micro Devices (AMD) reported third-quarter earnings that missed expectations, sending shares lower after the closing bell Tuesday.
AMD slips lower after mixed earnings. The company saw a 122% increase in data center revenue, but its gaming segment fell 69% Y/Y.
Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.
Advanced Micro Devices beat Wall Street expectations on earnings and revenue by a small margin, sending shares of the semiconductor firm tumbling in after-hours trading.
Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD)'s third quarter revenue and earnings topped Wall Street estimates driven by strong demand for its AI data center chips, but shares moved lower as the company's sales guidance disappointed. The company posted record revenue of $6.82 billion for Q3, up 18% year-over-year and ahead of estimates of $6.71 billion.
Advanced Micro Devices (AMD) reported third-quarter results on Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. AMD said its data center business doubled in sales for the second quarter in a row, but overall revenue guidance for the fourth quarter was in line with consensus expectations.
Advanced Micro Devices beat analyst estimates for third-quarter revenue on Tuesday, betting on strong demand for its high-priced AI data center chips as businesses rush to adopt generative artificial intelligence technology.
AMD is about to post earnings soon after this hits your inbox, after markets close today (along with GOOGL). Options traders are staking some big claims about what the outcome of that earnings release will be.
UPDATE—Oct. 29, 2024: This article has been updated to reflect more recent share price information.
AMD Inc. (AMD) reports earnings after the closing bell. Ivana Delevska believes Nvidia (NVDA) is a great trade in the A.I.
A significant driver of the ongoing two-year bull run is the potential of AI to revolutionize entire industries.
Can Advanced Micro Devices increase its MI300X revenue guidance again?