Advanced Micro Devices
The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Advanced Micro Devices met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share grew.
Margins shrank across the board.
Advanced Micro Devices logged revenue of $1.16 billion. The 27 analysts polled by S&P Capital IQ hoped for a top line of $1.15 billion on the same basis. GAAP reported sales were 32% lower than the prior-year quarter's $1.69 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.14. The 26 earnings estimates compiled by S&P Capital IQ averaged -$0.20 per share. GAAP EPS were -$0.63 for Q4 against -$0.25 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.4%, 3,030 basis points worse than the prior-year quarter. Operating margin was -28.7%, 3,870 basis points worse than the prior-year quarter. Net margin was -41.0%, 3,050 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $4.80 billion. The average EPS estimate is -$0.27.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,089 members out of 3,770 rating the stock outperform, and 681 members rating it underperform. Among 592 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 455 give Advanced Micro Devices a green thumbs-up, and 137 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Micro Devices is hold, with an average price target of $3.03.
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