Note that AMD announced preliminary results 6 October, revealing a $1.10B revenue shortfall relative to the forecasted outlook, due to the weakening PC market.
Wayne, thanks for participating! I’ve updated the original post with your entry.
As you say, it looks like we have some way to go before the sunshine returns to the world markets. It will be interesting to see expectations and reactions from the analysts through this period and beyond.
My original post has been updated with Zacks’ revised numbers (see revision history).
I’m holding steady with my optimistic outlook, hoping for data centre and embedded to produce the goods. These business units have been supply-constrained with very good customer and order visibility far ahead, and supply should now be plenty with the consumer market slowdown, I guess.
revenue for the third quarter of 2022 of $5.6 billion, gross margin of 42%, operating loss of $64 million, net income of $66 million and diluted earnings per share of $0.04. On a non-GAAP(*) basis, gross margin was 50%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.67.
For the fourth quarter of 2022, AMD expects revenue to be approximately $5.5 billion, plus or minus $300 million, an increase of approximately 14% year-over-year and flat sequentially. Year-over-year and sequentially, the Embedded and Data Center segments are expected to grow. AMD expects non-GAAP gross margin to be approximately 51% in the fourth quarter of 2022.
For the full year 2022, AMD expects revenue to be approximately $23.5 billion, plus or minus $300 million, an increase of approximately 43% over 2021 led by growth in the Embedded and Data Center segments. AMD expects non-GAAP gross margin to be approximately 52% for 2022.
Wayne, thanks for playing! I was closest on the EPS and revenue, while you had me beaten on the lower outlook. Unfortunately, as you foresaw, the client market will need some time to recover. Thanks for playing!