Image Cradit- Google
Advanced Micro Devices (AMD) cleared Wall Street's hurdles for the fourth quarter of 2022
Image Cradit- Google
The company earned an adjusted 69 cents per share on sales of $5.6 billion in the December quarter
Image Cradit- Google
Analysts expected AMD earnings of 67 cents per share on sales of $5.51 billion
Image Cradit- Google
AMD's earnings fell 25% YoY, while sales rose 16%
Image Cradit- Google
Xilinx acquisition boosted revenue and offset declining PC and gaming chip sales
Image Cradit- Google
PC chip sales dropped 51% YoY to $903 million due to weak personal computer demand
Image Cradit- Google
Gaming segment revenue slid 7% to $1.6 billion
Image Cradit- Google
Data center chip sales increased 42% to $1.7 billion, driven by Epyc server processors
Image Cradit- Google
AMD predicted sales of $5.3 billion for the current quarter, down 10% YoY
Image Cradit- Google
AMD stock rose 2.7% in after-hours trading and 3.7% during regular session Tuesday
Learn more