Real Money’s Eric Jhonsa covers AMD’s first-quarter earnings report and conference call with management.
AMD’s stock is down more than 35% on the year, pressured by broader tech-sector and chip-stock weakness. Bulls are hoping the CPU and GPU supplier’s (AMD) – Get Advanced Micro Devices, Inc. Report first-quarter earnings report will help reverse this trend.
On average, analysts polled by FactSet expect AMD to report first-quarter revenue of $5.01 billion (up 45% annually), GAAP EPS of $0.83 and non-GAAP EPS of $0.91. However, analyst estimates haven’t been updated to account for AMD’s acquisition of top programmable-chip developer Xilinx, which closed in mid-February.
AMD typically provides quarterly and full-year sales guidance in its reports. Consensus second-quarter and 2022 revenue estimates, which also haven’t been updated to account for the Xilinx deal, respectively stand at $5.14 billion (up 34%) and $21.48 billion.
Eric Jhonsa, Real Money’s tech columnist, will be live-blogging AMD’s earnings report, which is expected after the close on Tuesday, along with an earnings call scheduled for 5:00 P.M. Eastern Time. (Please refresh your browser for updates.)
