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Advanced Micro Devices AMD has a profit and revenue higher than conservative estimates of BPA. AMD reported revenue down 23% yoy and 10% Q / Q. In the first quarter, profits dropped significantly to just $ 0.01 from $ 0.08 a year ago. The only positive sign illustrated by this earnings release is the 41% increase in gross margin compared to 36% in the first quarter of the previous year. AMD jumped 3.5% in after-hours trading.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Feeling of management & amp; Perspective"data-reactid =" 13 ">Sense of management and perspectives
Management is very optimistic about their performance this quarter and the quarters ahead. "We had solid first quarter results and a significant increase in gross margin, with revenues from processors and data processors and EPYC processors and data centers more than doubling in a year," said Lisa Su, President and CEO of AMD. "We look forward to the forthcoming launches of our next generation 7nm computer, gaming and data center products, which are expected to generate further market share gains and financial growth."
AMD has been able to make lucrative deals with Google's GOOGL gaming platform, Stadia, which will use AMUS Radeon GPUS and AMD data center development tools. AWS AMZN announced that it will be using certain AMD cloud computing products in the future. Sony will use AMD chips on its next-generation game consoles. Apple AAPL will use the AMD "Radeon Pro Vega" graphics card in its updated iMac. OEMs such as HP HPQ and Lenovo LNVGY will use AMD processors and graphics cards in some of their upcoming computers.
AMD expects a drop in its sales this quarter due to the cyclical properties of semiconductor uses. They were able to open a number of new revenue channels in the first quarter, which is expected to generate significant revenue with increasing margins. AMD expects most of its growth for the year will be in the second half with the launch of new products from its customers. This title will likely show a rising EPS and should push AMD to a rank of 1 to 2 Zacks (buy) this week.
<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tomorrow is 50th anniversary. For 50 years, they have spurred innovation in high-performance computing, graphics and visualization technologies, which are the foundation of games, immersive platforms and the data center. Most of this company's growth has been in the last 3 years, as semiconductors have become a necessity for all technology products and AMD has become a leader in its class. AMD (blue) is up 153% in the last 52 weeks compared to the S 500 (red), which recorded only 13% of returns in the same amount of time. "Data-reactid =" 17 "> Tomorrow is the 50th anniversary. For 50 years, they have spurred innovation in high-performance computing, graphics and visualization technologies, which are the foundation of games, immersive platforms and the data center. Most of this company's growth has been in the last 3 years, as semiconductors have become a necessity for all technology products and AMD has become a leader in its class. AMD (blue) is up 153% over the last 52 weeks compared to the S & P 500 (red), which recorded only 13% of returns in the same amount of time.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Semiconductor Outlook"data-reactid =" 26 ">Semiconductor Outlook
The semiconductor industry is expected to be in decline in 2019, as new chips are not a major necessity given slower product innovations. UBS estimates that the semiconductor industry will lose 4.3% of its revenue year-over-year.
Intel INTC released its results last week, surpassing estimates, but adjusting downward the full-year revenue forecast. This space is becoming increasingly competitive and Intel is evaluating its 5G mobile phone market as well as 5G modems by not knowing if these solutions would be a profitable investment for them. INTC has fallen 13% since the announcement of its results.
NXP Semiconductors NXPI beat its profits yesterday by 37%, with a business figure in line with expectations. The company also recorded a year-over-year decline in revenues and profits, but like AMD, it anticipates a good performance for the rest of the year. NXPI is up more than 8% since this release and may continue to recover. Profit forecasts have adjusted since the release of this report, and NXPI is now ranked Zack 2 (buy).
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