Advanced Micro Devices (AMD) reported Q1 2024 earnings with an adjusted EPS of $0.62, surpassing the expected $0.61, and revenue of $5.5 billion, exceeding forecasts of $5.45 billion. The company's data center revenue saw a significant 80% year-over-year increase, contributing to the overall performance. Despite these results, AMD's stock declined approximately 7% in after-hours trading following the announcement. The company also raised its 2024 sales forecast for its AI data center chip, the MI300, from $3.5 billion to $4 billion, and anticipates Q2 revenue between $5.4 billion and $6 billion. Super Micro Computer (SMCI) reported an EPS of $6.65 against expectations of $5.95, but missed on revenue with $3.85 billion compared to the anticipated $4.10 billion. SMCI also raised its FY24 revenue guidance to $14.7 billion to $15.1 billion and expects Q4 EPS to be between $7.62 and $8.42.
$AMD CEO Lisa Su just said AMD increased its estimates for sales of its AI data center chip the MI300 “We now expect data center GPU revenue to exceed $4 billion in 2024, up from the $3.5 billion we guided in January”
$AMD down ~7% in AH. AMD raised the forecast for its AI accelerator sales to $4B (from $3.5B) and it seems investors are disappointed. $INTC: $500M this year in Gaudi sales $AMD: $4B for MI300X $NVDA will likely do $40B in AI accelerator sales this year.
$AMD raises its 2024 data center GPU sales guide to $4B+ from $3.5B+ on its call. Stock is down 7.5% AH (markets were looking for a bigger guidance hike).
BTW the other also-ran bear star ⭐️ ? $AMD 😝
$AMD AMD Q1 FY24: • Revenue +2% Y/Y to $5.5B ($20M beat). • Gross margin 47% (+3pp Y/Y). • Operating margin 1% (+3pp Y/Y). • Non-GAAP EPS $0.62 ($0.01 beat). Lisa Su: “Widespread deployment of AI is driving demand for significantly more compute across a broad range of… https://t.co/mkGdtYDWfx
Wall Street is tough. $AMD Tuning into the call. https://t.co/wth6yhvaHY https://t.co/3S9qVpFL3l
$AMD Earnings:EPS: $0.62 vs $0.61 estimated Sales: $5.47B vs $5.46B est Data Center Revenue Up 80% YoY, Client Segment Up 85%, Gaming Down 48%
$AMD Q1 2024 Revenue +2% *Data Center +80% *Client +85% *Gaming -48% *Embedded -46% EBIT +125% *marg. 1% (-3) EPS +178% https://t.co/M4bBkI9WU0
AMD Q1 largely in-line: CEO: "We delivered strong first quarter results with our Data Center and Client segments each growing more than 80%YoY" CFO: "AMD started the year strong, delivering record quarterly Data Center segment revenue" $AMD: -3.6% AH https://t.co/fxR8PAkyF6
Earnings snapshot $SMCI EPS: $6.65 vs $5.95 est Revenue: $3.85B vs $4.10B est $AMD EPS: $0.62 vs $0.61 est Revenue: $5.5B vs $5.45B est $AMZN EPS: $0.98 vs $0.82 est Revenue: $143.3B vs $142.5B est
AMD reports Q1 revenue up 2% YoY to $5.47B, vs. $5.46B est., Data Center revenue up 80% YoY to $2.3B, and net income of $123M, up from a $139M loss YoY (@kifleswing / CNBC) https://t.co/4wYXPFU2Ot 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/5YeiR8syi7
$SMCI | Super Micro Computer Q3 Earnings: - Adj EPS $6.65 (Est. $5.78) 🟢 - Sales $3.850B (Est. $3.952B) 🔴
$AMD beats on Q1 revenue and EPS, but light guidance sends stock lower https://t.co/XXg81jnPsX 💵 Revenue: $5.47B vs $5.45B expected 💲 EPS: $0.62 vs $0.61 expected 📊 Data center revenue: $2.34B vs $2.31B expected ⏩ Q2 revenue forecast: $5.4 to $6B vs $5.72B expected https://t.co/P3AmbVnGRu
⚠️BREAKING: *AMD 1Q EPS $0.62, EST. $0.62 *AMD 1Q REVENUE $5.50B, EST. $5.48B $AMD https://t.co/caDCmsrIfx
$AMD AMD Q1 2024 Earnings Adjusted EPS 62c, est. 61c Rev. $5.5b, est. $5.45b Adjusted operating margin 21%, est. 20.8% Adjusted operating income $1.13b, est. $1.11b Capex $142m, estimates $118.4m R&D expenses $1.53b, est. $1.5b Sees Q2 revenue $5.4b…
⚠️ CHIPMAKER AMD BEATS FIRST-QUARTER REVENUE ESTIMATES Full Story → https://t.co/8wtmYOUxb4 Chipmaker Advanced Micro Devices beat first-quarter revenue estimates by a small margin on Tuesday as tepid demand for chips used in traditional data centers added to weakness in the… https://t.co/TdALo2fade
BREAKING: AMD stock, $AMD, falls as much as 6% after reporting Q1 2024 earnings results. AMD beat expectations slightly with revenue of $5.5 billion and EPS of $0.62. Data center revenue was up a massive 80% year-over-year. The stock is now down ~38% from its recent all time… https://t.co/hcsHEIUqKR
UPDATE: $AMD announces a double beat but the stock is down 3.2% ▪ EPS of $0.62, beating expectations of $0.61 ▪ Revenue of $5.5B, beating expectations of $5.45B $AMD bulls right now... https://t.co/72csx68Rju
AMD EARNINGS JUST CAME OUT *AMD 1Q REV. $5.47B, EST. $5.45B ( BEAT ✅ ) *AMD 1Q ADJ EPS 62, EST. 61C ( BEAT ✅ ) $AMD https://t.co/IwYuCdYb1A
$AMD LOL... Hyper growth... Rev +2% AI 🤡 https://t.co/YaULRzTKF2
AMD'S Q1 2024 EARNINGS REVEALED AN ADJUSTED EPS OF $0.62, SLIGHTLY EXCEEDING THE EXPECTED $0.61. THE COMPANY'S REVENUE FOR THE QUARTER REACHED $5.5 BILLION, SURPASSING THE PROJECTED $5.45 BILLION. LOOKING FORWARD TO Q2, AMD ANTICIPATES REVENUE IN THE RANGE OF $5.4 BILLION TO $6…
$AMD AMD Q1 2024 EARNINGS ADJUSTED EPS 62C, EST. 61C REV. $5.5B, EST. $5.45B ADJUSTED OPERATING MARGIN 21%, EST. 20.8% ADJUSTED OPERATING INCOME $1.13B, EST. $1.11B CAPEX $142M, ESTIMATES $118.4M R&D EXPENSES $1.53B, EST. $1.5B SEES Q2 REVENUE $5.4B TO $6B, ESTIMATES…
$AMD | AMD Q1 24 Earnings: -Adj EPS: $0.62 (exp $0.61) -Revenue: $5.5B (exp $5.45B) -Sees Q2 Revenue $5.4B To $6B (exp $5.72B) -Sees Q2 Adj Gross Margin About 53% (exp 53%)
$AMD | AMD Q1 24 Earnings: -Adj EPS: $0.62 (exp $0.61) -Revenue: $5.5B (exp $5.45B) -Sees Q2 Revenue $5.4B To $6B (exp $5.72B) -Sees Q2 Adj Gorss Margin About 53% (exp 53%)
💰 AMD $AMD EPS. vs Forecast 0.62 / 0.62 Rev. vs Forecast 5.5B / 5.48B 🟢 Market Cap: 258.58B
AMD $AMD EARNINGS EPS: $0.62 vs. $0.61 est. REV: $5.5B vs. $5.45B est. Q2 REV GUIDE: $5.4-6.0B vs. $5.72B est. https://t.co/OVW0XsUn2M
$AMD | Advanced Micro Devices Q1 Earnings: - Adj EPS $0.62 (Est. $0.61) 🟢 - Sales $5.473B (Est. $5.459B) 🟢 - Sees Q2 Revenue $5.4B-$6B (Est. $5.7B)
$AMD AMD Q1 2024 EARNINGS ADJUSTED EPS 62C, EST. 61C REV. $5.5B, EST. $5.45B
$AMD JUST REPORTED EARNINGS EPS of $0.62 beating expectations of $0.61 Revenue of $5.5B beating expectations of $5.45B
$SMCI Super Micro Computer beats on eps, misses on rev. -2.6% AH https://t.co/6sOVYSKsDC
SUPER MICRO COMPUTER $SMCI EARNINGS EPS: $6.65 vs. $5.94 est. REV: $3.85B vs. $4.08B est. Q4 EPS GUIDE: $7.62-8.42 vs. $7.24 est. Q4 REV GUIDE: $5.1-5.5B vs. $4.87B est. FY24 GUIDE RAISED: $14.7-15.1B vs. $14.7B est. (prior: $14.3-14.7B) https://t.co/GU6nY2fbif
*SUPER MICRO COMPUTER SEES 4Q ADJ EPS $7.62 TO $8.42, EST. $6.97 *SUPER MICRO JUMPS 10% AFTER 4Q SALES, EPS VIEWS TOP ESTIMATES
$SMCI earnings out Rev $3.85bln (exp $3.95bln) Adj EPS $6.65 (exp. $5.78) *SUPER MICRO COMPUTER SEES 4Q ADJ EPS $7.62 TO $8.42, EST. $6.97.
Earnings? $amd $smci $amzn
$AMD reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $0.61 up 1.7% YoY Revenue of $5.45B up 1.9% YoY