Earnings

AMD earnings Q1 2022

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AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up as much as 8% in extended trading.

Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March:

  • EPS: $1.13, adjusted, versus $0.91 expected, up 117% year-over-year
  • Revenue: $5.89 billion, versus $5.52 billion expected, up 71% year-over-year

AMD said it expected $6.5 billion in sales in the current quarter, ahead of analyst expectations of $6.38 billion.

AMD’s results on Tuesday suggest that the chipmaker is still growing fiercely, with 71% sales growth in the first quarter, and every one of its individual lines of business…



Source cnbc.com

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