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Stock impact report

Earnings Outlook: AMD earnings: Will the ‘crypto hangover’ lift before new product launches? [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
AMD earnings: Will the ‘crypto hangover’ lift before new product launches? Advanced Micro Devices Inc. needs graphics card sales to be meaningful for an earnings surprise, but many analysts expect blockchain-related inventory problems to persist as the chip maker ramps up for its new line of products. AMD AMD, +5.18% is scheduled to report fourth-quarter earnings after the market closes on Tuesday. In the last earnings report, Chief Executive Lisa Su said she expected data-center GPU sales to be a “meaningful contribution” to fourth-quarter sales, but added “it might take a couple quarters to completely get back to a normal channel” after a sudden drop-off in crypto-mining-related sales that also struck rival Nvidia Corp. NVDA, +1.46% AMD estimated revenue of $1.4 billion to $1.5 billion for the fourth quarter, while analysts had forecast revenue of $1.6 billion before the report. The weak graphics sales and short forecast led to huge losses for AMD after that report in Octobe Show less Read more
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