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Advanced Micro Devices, Inc. (AMD)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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122.93+0.57 (+0.47%)
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  • h
    We up our 12-month target to $140 from $110 on a peer-premium P/E of 36.8x our'23 EPS view, which we start at $3.80, reflecting above industry growth. Weraise our '21 EPS estimate to $2.62 from $2.34 and '22's to $3.28 from $2.87.AMD posts Q3 EPS of $0.75 vs. $0.32, beating the $0.66 consensus. Sales rose54%, better than expected, on higher demand in Computing and Graphics (up 44%)as well as Enterprise, Embedded, and Semi-Custom (up 69%). Gross margin expanded400 basis points to 48%, wider than we thought, aided by better product mix. Webelieve that AMD is taking considerable share in the data center (revenue morethan doubled YoY), driven by greater adoption of its 3rd Gen EPYC processors bycloud service providers and higher enterprise spending. We believe AMD isnavigating current supply constraints well, while we are optimistic aboutprospects for its next generation CPUs and GPUs. We positively view AMD'simproving financial position, with net cash of $3.3B and FCF of $764M ($265M ayear ago).
  • B
    Research Alert: CFRA Maintains Buy Opinion On Shares Of Advanced Micro Devices

    October 26, 2021 06:40 PM Eastern Time MT Newswire

    We up our 12- month target to $140 from $110 on a peer-premium P/E of 36.8 x our' 23 EPS view, which we start at $3.80, reflecting above industry growth. We raise our' 21 EPS estimate to $2.62 from $2.34 and' 22' s to $3.28 from $2.87. $0.32, beating the $0.66 consensus......

    MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
  • C
    AMD CEO says making good progress on Xilinx deal, sees close by year end
    Oct. 26, 2021 7:49 PM ETXilinx, Inc. (XLNX), AMDBy: Joshua Fineman,
    Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su said the chipmaker is making "good progress" on the regulator front on its planned $35B purchase of Xilinx Inc. (NASDAQ:XLNX). Xilinx gained 1.4% in after hours trading.
    AMD's (AMD) deal for Xilinx is on track to close by the end of year, Su said on the company's Q3 earnings conference call.
    AMD is still awaiting approval from China but has received antitrust clearance in the U.S. and Europe. Last month, AMD was said to have made progress in China with large third parties ready to bless the transaction.
    Earlier, AMD tops forecasts as data-center sales lead earnings results. AMD fell 0.6% in after hours trading.
    Xilinx is scheduled to report results tomorrow after the close.
    Read Now: Inefficiency Of AMD-Xilinx Merger Arbitrage Provides A High ROI Opportunity
  • S
    I just finished power watching thru both Fast Money and Mad Money. I mentioned in a post below what Cramer said about AMD, just a sentence, no more. Fast Money I was sure would show the earnings and talk about the call but nope, they didn't even mention it from what I could tell. They did talk about NVDA and put its stock up on the screen but not AMD! Guy Adami did mention AMD in passing when they were talking about NVDA's up move today but almost nothing. I am shocked AMD gets such little respect from many of these people, but in all honesty why would you announce your earnings on the same day as Microsoft and Google???
    If the Xilinx deal is completed, and AMD gets a massive market cap, can really throw its weight around and call the shots, I think then they will be unable to ignore it.. Lisa has said several times that she needs the SCALE that Xilinx can provide, until then, I guess it is what it is..
  • T
    After listening to the call, especially the Q&As with the analysts, I got a very strong feeling including about 2022 as analysts kept asking for hints and raising concerns but Lisa Su and Devinder completely answered in the strongest positive way, and in SHARP CONTRADICTION to Intel's, including explicit question on China datacenters slowness per Intel's ER - completely rebuttal as no issues seen by AMD'S in China, and... aextremely positive answers on multiple $xlnx related questions - super positive and not only sounding like it closes but saying multiple products launching and waiting to show the roadmap with Xilinx's value. Very impressive to me! Transcript will be available tomorrow.
    Congratulations Xilinx shareholders, looks like you'll get a gain on the arbitrage and looks like out of many new products coming with Xilinx, this is no dilution at all!
  • S
    Who remembers when AMD was always under INTC shadow. Intel would make rebates and artificial agreements with Dell and others to keep AMD out despite AMD having better processors.
  • T
    TOM = Low Life Shill
    BoA just upgraded AMD from $135 to $150!!!
    We are rocket up tomorrow baby!!!
  • F
    Advanced Micro Devices, Inc: Solid execution/roadmap, well-positioned for share gains, raise est./PO to $150
    10/27/2021 2:04 AM

    Strong results/raised outlook despite supply constraints, raise ests. and PO to $150; M&A close in Q4 next potential catalyst. Likes: data center now 25% of sales with enterprise pipeline +2x YoY; TTM FCF mgn 20% highest in 20 yrs, $750mn repurchased. Risks: aggressive INTC pricing tactics, though we see limited risk; PC comps tough; rising foundry costs limit GM upside. Analysts:

    Arya, Vivek
  • E
    AMD will be upgraded with several analysis posting their increased numbers in the morning!

    IMHO - AMD is worth at least 1/2 of Nvidia market cap. November 8th should be a incredible presentation.
    AMD has some big news pending for the data center market.
    AMD has some big news pending for the data center market.
  • p
    Beat and guide UP, second consecutive quarter.

    In Q3 non-GAAP EPS $0.73 v $0.67 expected

    For the full year 2021, AMD now expects revenue to grow approximately 65 percent driven by growth across all businesses, up from prior guidance of 60 percent growth.
  • S
    Cramer- AMD, "Fine numbers from AMD, some feel they knocked it out of the park!" ;-)
  • S
    I have been in AMD since it was $28 and I cannot really remember when it did not sell of a bit with earnings other than last quarters earnings.. Typically it would go down and be back up within a few days. There may have been some earnings where it went up, but I don't really remember it. With that said, we have run up a lot into this earnings and so it would not be strange to see some sell into it, but if so, it's no big deal, it would be back up shortly UNLESS there is a whole market breakdown. Aside from that, we could be looking at a fantastic Holiday season with hopefully the Xilinx deal getting done, giving Lisa the Christmas gift she has wanted!
  • B
    "For the fourth quarter 2021, AMD expects revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately 39 percent year-over-year and approximately 4 percent quarter-over-quarter. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom revenue. AMD expects non-GAAP gross margin to be approximately 49.5 percent in the fourth quarter 2021.

    For the full year 2021, AMD now expects revenue to grow approximately 65 percent driven by growth across all businesses, up from prior guidance of 60 percent growth. AMD expects non-GAAP gross margin to be approximately 48 percent for the full year 2021."
  • L
    All these small time traders and shorts will lose their money tomorrow. Upgrades are coming!
  • d
    KEY NOTE from LISA : "We are still underrepresented across product portfolios". That means with their given strong products, and new line up, AMD will continue to gain market share.
  • B
    "For the full year 2021, AMD now expects revenue to grow approximately 65 percent driven by growth across all
    businesses, up from prior guidance of 60 percent growth"
  • K
    Nice topline, nice outlook on margins. No mention of Xilinx acquisition or Exynos production/revenues... as expected. Let's see if Lisa has any comments about those situations in the conference call. It will also be important to hear about the ramp on server products. New guidance is for 65% YoY growth for the full year 2021. Overall a solid ER--very much like the last 3. Not sure what the stock will do tomorrow, but long term we are still tracking for rapid growth in the business and the SP. GLTA.
  • d
    AMD Delivers Beat-And-Raise Third-Quarter Report

    The Santa Clara, Calif.-based company earned an adjusted 73 cents a share on sales of $4.31 billion in the September quarter. Analysts had expected AMD earnings of 66 cents a share on sales of $4.11 billion, according to FactSet. In the year-earlier period, AMD earnings were 41 cents a share on sales of $2.8 billion.
  • K
    third quarter of 2021 of $4.3 billion, operating income of $948 million, net income of $923 million and diluted earnings per share of $0.75. On a non-GAAP* basis, operating income was $1.1 billion, net income was $893 million and diluted earnings per share were $0.73.
  • d
    Only about 400K shares were traded the entire Conference call which means Nothing if you see Red.
    After Market Digest the Great numbers, I believe it will go up tomorrow on Volume. There is also a tailwind coming in the coming Accelerated Data Center Premier Event 8th November. These great PRODUCTS will supplement the great NUMBERS we had today!