AMD (NASDAQ: AMD) Share earn 8.3% after the hours after the second quarter beats powered by the Enterprise, Embedded and Semi-Custom forces. Rival intel (NASDAQ: INTC) it is down 0.7%.
Computer and graphics sales totaled $ 1.37B (corresponding consensus), a 45% year-over-year increase and a 5% year-over-year decrease due to strong Ryzen processor sales and weak GPU sales, respectively.
Enterprise, Embedded, and Semi-Custom fell 4% yoy, but rose 62% Q / Q to $ 565 million (consensus: $ 479 million). Semi-personalized sales were lower in the year but more sequentially. Epyc sales were strong in both periods.
Record sales of notebooks and server processors caused Ryzen and Epyc’s revenue to double over the year.
The gross margin was 44%, in line with the guideline and slightly below the 44.4% consensus.
For the third quarter, AMD expects revenue of approximately $ 2.45-2.65B (42% more / year and 32% Q / Q at the midpoint), well above consensus estimates of $ 2.3B. The gross margin is seen at 44%. The company expects strong Ryzen and Epyc processor sales and Semi-Custom revenue to benefit from next-gen gaming consoles.
For the year, AMD expects sales growth of 32% year-over-year (above the previous estimate of 20-30%) with a gross margin of 45%, driven by PC, gaming and data center products.
See quarterly and annual earnings and revenue estimates on AMD’s Seeking Alpha listing page.
Earnings call starts at 5 PM with a webcast here
Previously: Advanced Micro Devices EPS Exceeds $ 0.01, Exceeds Revenue (July 28)
