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AMD (NASDAQ: AMD) + 5.1% First quarter results in line with EPS estimates and above earnings. Peer Nvidia (NASDAQ: NVDA) wins almost 1%.
Online Q2 revenue was $ 1.47 to $ 1.57 billion (consensus: $ 1.52 billion) with a gross margin of approximately 41%.
Breakdown of revenues: computer and graphics, $ 831 million (consensus: $ 855.7 million, -26% year-on-year for lower sales of graphic channels); Enterprise Embedded, $ 441 million (consensus: $ 410.2 million, -17% mainly on lower semi-custom products).
Gross margin increased 5 percentage points year-over-year to reach 41% on Ryzen Ramp and EPYC sales.
The earnings call begins at 5:30 pm ET with a webcast here.
Press release.
Previously: Advanced Micro EPS Devices Online, Top Business As of April 30
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