AMD Q3 2022 Earnings Highlights
[Rewards] AMD missed Q3 estimates but still owned the solid 29% revenue growth
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KEY Figures:
● Total 22Q3 revenue of AMD was $5,565 million, representing an increase of 29% YoY and a decrease of 15% QoQ.
● Non-GAAP net income was $1,095 million, representing an increase of 23% YoY and a decrease of 35.9% QoQ.
● According to AMD, the Client segment revenue decrease is mainly due to the weak PC demand and inventory correction across the PC supply chain
● AMD's gross margin was contracted to 42% in the third quarter of 2022, compared with 48% in Q3 2021.
● The operating expenses of the company were $2,426 million in this quarter, up 113% from the last year same quarter.
● Diluted EPS was $0.04 compared to $0.75 a year ago primarily due to lower net income.
● Acquisition-related intangible assets and goodwill were $49.3 billion in 22Q3.
More statistics:
KEY Points:
● Adoption of AMD Data Center solutions continues to grow among key clients, like Microsoft Azure and Amazon Web Services. Besides, AMD Pensando data processing units (DPUs) will be one of the first DPU solutions to support VMware vSphere® 8 with Distributed Services Engine capabilities.
● For desktop, AMD launched the Ryzen 7000 Series processors, which are built on the 5nm process node, delivering leading performance and energy efficiency.
● For mobile applications, AMD announced the Ryzen 7020 Series processors, bringing high performance and battery-efficiency life to everyday users.
● For Q4 2022, AMD expects revenue to be about $5.5 billion, an increase of 14% YoY and flat sequentially. The non-GAAP gross margin is expected at about 51% in the Q4 quarter.
● For the whole year 2022, AMD expects revenue to be about $23.5 billion, up 43% over 2021, mainly driven by strong growth in the Data Center and Embedded segments. AMD expects non-GAAP gross margin to be about 52% for FY2022.
● The PC inventory correction is undergoing, and the uncertainties are still across the semiconductor sector and broader market climate.
The KEY in your hands:
According to Morningstar, by 1 November 2022, AMD's share had dropped approximately 57% since the start of 2022, underperforming the S&P 500 (.SPX), which is about a 21% decline in the same period.
Therefore, how do you see AMD currently? What's your opinion or analysis about it? Speak out with mooers and get inspired by sharing!
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Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: https://ir.amd.com/sec-filings#gallery-0000002488-5117-1 Moomoo Inc. ("moomoo") provides mobile and online technology solutions for securities trading. Moomoo is not an investment adviser or a broker-dealer and it provides neither investment or financial advice nor securities trading services. All contents such as comments and links posted or shared by users of the community are opinions of the respective authors only and do not reflect the opinions, views, or positions of moomoo, its affiliates, or any employees of moomoo or its affiliates. Please consult a qualified investment or tax advisor for your personal financial planning and tax situations. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC). In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS).Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services License (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.
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Wolowitz : AMD will go much lower in the next few years but BOOMZ when the chip industry recovers. buy ans hang on for now and huat big big 5 years latet hahah
Milk The Cow : I don't know about that... the financial report don't look that impressive to me
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= wait long long... ah
. I see the price movement a bit weird...
It look to me that there is a slow down of business although the revenue has increased YoY
It reflect quite accurate on the real-time situation so... I don't see much positives to it for the moment due to all the economy negativity
In fact, there is a huge decrease of net income. Previously, most of the microchips are in high demand due to a reason (crypto & ev). However, the slowdown in both businesses have affect AMD greatly, I think
Having that said, I think AMD got potential if the economy start to recover again, in which not any moment soon
However, stock price movement is a different story
Milk The Cow Milk The Cow: Just hold & wait for the moment
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Arangoharold : Sell
hanabi3 : Businesses in the semiconductor and chip industry such as AMD are in a tough position, given the decreased PC demand in an oversupply of inventory. The numbers are showing. In the short term it doesn't seem to be looking good. Hence I'm more inclined to wait and hold my positions for now, probably DCA at suitable prices, or taking some profits when the opportunity arises. For the long run, I think there is still potential amidst the uncertainties, thus I would keep this stock in my portfolio and check in occasionally.
billupa Random : h
zcole1101 :
godhand999 : I predict consumer market will further drag down AMD financial results next year.
zcole1101 :
心清自在 : The theme of technology stocks has been invited down from the altar.
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