AMD CEO Lisa Su.
Courtesy: AMD
Superior Micro Units reported fourth-quarter outcomes on Tuesday that beat Wall Avenue expectations for gross sales and earnings, however the inventory fell about 5% in prolonged buying and selling as the corporate missed estimates in its key knowledge middle section.
This is how the chipmaker did, versus LSEG consensus estimates for the quarter ended Dec. 28:
- Earnings per share: $1.09, adjusted, versus $1.08 anticipated
- Income: $7.66 billion versus $7.53 billion
AMD mentioned it expects $7.1 billion in gross sales within the first quarter, plus or minus $300 million. It projected its gross margin to be about 54%. Analysts anticipated AMD to information for income of $7 billion
AMD reported $482 in internet revenue, or 29 cents per share, for the fourth quarter, down from $667 million, or 41 cents per share within the year-ago interval.
The corporate’s most necessary unit is its enterprise promoting chips for knowledge facilities, which has been rising in current quarters, because of demand for its graphics processing models for synthetic intelligence.
AMD reported $3.86 billion in knowledge middle gross sales, which was up 69% on a dear-over-year foundation. The corporate mentioned the rise was as a consequence of gross sales each in its Intuition GPUs and its EPYC CPUs, which compete with Intel’s processors.
Nevertheless, analysts polled by FactSet had been predicting $4.14 billion in knowledge middle gross sales through the quarter.
For the total yr, AMD’s knowledge middle division income elevated 94% to $12.6 billion. AMD mentioned that $5 billion of these gross sales had been from its Intuition GPUs for AI.
Whereas AMD is much behind market chief Nvidia, it is launched aggressive knowledge middle GPUs in recent times that some huge infrastructure consumers, together with Meta and Amazon, have embraced.
AMD categorizes its chips for PCs, laptops, and different particular person computer systems as shopper income, which elevated 58% on an annual foundation to $2.3 billion. AMD mentioned each its chips for desktops in addition to cell computer systems equivalent to laptops are seeing sturdy demand.
AMD can be the second-largest producer of GPUs for gaming, behind Nvidia. Income within the section declined 59% to $563 million. The corporate’s different small division, embedded chips, reported $923 million in gross sales, down 13% year-over-year.
