Broadcom Inc. quarterly adjusted earnings came in at $9.73 per share for the quarter ended July 2022 , surpassing the Zacks Consensus Estimate of $9.62 per share. Earnings were $6.96 per share in the year-ago quarter. The semiconductor company’s revenues were $8.46 billion, topping the Zacks Consensus Estimate by 0.70%. Sales were $6.78 billion in the year-ago quarter. Broadcom CEO Hock Tan...
Advanced Micro Devices, Inc. (AMD) reported its fiscal second quarter earnings that topped analysts’ expectations, while revenue was close to estimates. The semiconductor company’s earnings for the quarter were $1.05 per share, which exceeded analyst’ expectations of $0.91 per share. Revenue surged +70% year-over-year to $6.6 billion, in line with expectations. The company’s revenue from its...
Intel reported its second quarterly earnings that heavily fell short of analysts’ expectations. The tech giant’s outlook for the full-year is also weaker than the Street estimates. Adjusted earnings came in at 29 cents per share, well below the 70 cents per share expected by analysts polled by Refinitiv. Revenue decreased 22% from the year-ago quarter to $15.32 billion. It fell short of...
Qualcomm posted its third quarter earnings that topped analysts’ expectations on solid revenue growth. Quarterly non-GAAP earnings for the quarter were $2.96 per share, growing from the year-ago quarter’s $1.92 per share. The bottom line also surpassed the Zacks Consensus Estimate by 10 cents. Non-GAAP revenues in the reported quarter were $10,928 million compared with consensus expectation...
NVIDIA posted its quarterly earnings results, that surpassed analysts’ expectations. The computer hardware producer’s earnings came in at $1.36 a share, well above consensus estimate of $1.29 , MarketWatch Earnings reports. Revenue surged 46.4% from the year-ago quarter to $8.29 billion, also topping analysts’ expectations of $8.09 billion. Nvidia’s data center revenue climbed +83.1% from the...
Advanced Micro Devices, Inc. posted its Q1 FY 2022 earnings that handily topped analysts’ expectations. The chipmaker’s earnings for the quarter came in at $1.13 a share, crushing the $0.91 estimate from analysts(according to Visible Alpha consensus). The EPS is also double that of the year-ago quarter. Revenue surged +71% year-over-year to $5.9 billion in the quarter (vs. $5.2 billion...
Intel posted its quarterly earnings that surpassed expectations. However, the chipmaker issued guidance on second quarter that was less optimistic compared to analysts’ forecasts. The company’s earnings came in at 87 cents per share vs. 81 cents as expected by analysts, according to Refinitiv. Revenue fell -7% from the year-ago quarter to $18.35 billion, vs. $18.31 billion as expected by...
Nvidia crushed earnings expectations for the quarter ending January, and issued a strong guidance for the current quarter. The chipmaker’s adjusted earnings for the quarter rose +69% from the year-ago quarter to $1.32, and beating the $1.22 expected by analysts polled by Refinitiv. Revenue surged +53% year-over-year to $7.64 billion, versus $7.42 billion expected. Nvidia’s sales from its data...
Intel reported fiscal fourth-quarter earnings that surpassed analysts’ expectations, The cloud computing company’s adjusted earnings came in at $1.09, handily topping the $0.91 expected by analysts polled by Refinitiv. Revenue of $19.5 billion also exceeded analysts’ estimate of $18.31 billion. The company expected $18.3 billion in adjusted sales in the first quarter of 2022, higher than...
Advanced Micro Devices got a rating hike at KeyBanc. KeyBanc Capital Markets analyst John Vinh boosted his rating on AMD shares to 'overweight', while mentioning that that demand for its data center chips should "meaningfully outpace" growth in the broader industry, especially with links to flexible CSP contracts with tech giants Microsoft and Meta AMD expects to complete its takeover of...
Micron Technology reported earnings that surpassed analysts’ expectations. The chipmaker also posted a strong outlook. For the fiscal first quarter, Micron’s earnings came in at $2.04 a share, compared with 71 cents a share in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, for the quarter were $2.16 a share, compared with 78 cents a...
Broadcom’s earnings for the quarter surpassed analyst’ expectations. Semiconductor company’s adjusted earnings, which exclude stock-based compensation and other items, came in at $7.81 a share, above the $7.74 a share expected by analysts polled by FactSet. It was also higher than the year-ago quarter’s $6.35 a share. Revenue rose to $7.41 billion (from $6.47 billion in the year-ago quarter),...
Nvidia shares got a downgrade from analysts at Wedbush to neutral from outperform, on valuation concerns. However, Wedbush analysts boosted price target on the semiconductor company’s stock $300 a share from $220 a share. According to a note to investors, while Wedbush analysts remain “very bullish” on Nvidia's near term prospects as well as longer term opportunities particularly around...
Cirrus Logic shares rose, after Barclays analysts upgraded ratings on the semiconductor company. Barclays analysts boosted their rating on the shares of the Apple supplier to overweight from equal weight. They also increased their price target to $100 from $95. Analyst Blayne Curtis cited the path they expect on further content gains at Apple over next several years. Curtis also emphasized on...
On Tuesday, Intel Chief Executive Pat Gelsinger said that the semiconductor company planned to build new chip-manufacturing factories in Europe. The company wants to invest up to $95 billion for the same. According to The Wall Street Journal, the executive discussed the investment at an auto industry conference in Munich. Intel aims to build two new chip facilities in Europe and could...
Nvidia reported fiscal second-quarter earnings that exceeded analysts’ expectations. For the quarter ended Aug. 1, the semiconductor company’s adjusted earnings came in at $1.04 a share, compared to the $1.02 a share expected by analysts polled by FactSet. Revenue was $6.51 billion, surpassing analysts’ estimate of $6.33 billion. It was $3.87 billion in the year-ago quarter. Gaming revenue...
Advanced Micro Devices shares got designated as a “top catchup candidate” by Bank of America. Bank of America analyst Vivek Arya has a buy rating and $135 price target on the semiconductor company’s shares. The analyst noted that AMD has the strongest upward earnings-per-share revisions among chipmakers and “a clear path” to doubling EPS to about $5 per share. According to Arya, AMD shares...
Micron Technology Inc. will pay a dividend of 10 cents a share, beginning October.
The semiconductor company’s first dividend payout is scheduled for Oct. 18 for shareholders of record as of the close of business on Oct. 1.
“Micron’s remarkable transformation over the last several years has put the company in an outstanding position, with technology leadership, a robust product portfolio, enhanced profitability, and a strong, investment grade balance sheet,” Chief Executive Sanjay Mehrotra said in a statement.According to Mehrotra, a common stock dividend indicates confidence in Micron's future and a “commitment to creating compelling value for shareholders.”
The company’s most recent quarterly report reveals that it has bought back $4 billion in stock and retired 90 million shares at an average price of $42 per share in a program that began in May 2018.
Technology giant Intel posted its second-quarter earnings that topped analysts’ expectations.
Intel’s reported earnings came in at $1.28 a share, exceeding the $1.07 a share expected by analysts polled by FactSet.Sales from chips for data centers segment were down -9% year-over-year to $6.5 billion.
Intel has predicted adjusted third-quarter revenue of about $18.2 billion, compared with the FactSet estimate of $18.1 billion.
The company now projects annual adjusted revenue of $73.5 billion, higher than its prior forecast of $72.5 billion.
Texas Instruments Inc. posted its second-quarter results that surpassed analysts' expectations.However, the company provided a guidance that turned out to be not so impressive.
The semiconductor manufacturer’s second quarter earnings came in at $2.05 per share, beating analyst expectations of $1.83 per share.
Revenue grew +41% from the year-ago quarter to $4.58 billion, also exceeding estimates of $4.36 billion.
For the third quarter, Texas Instruments has projected an earnings range of $1.87 per share to $2.13 per share –$1.97 per share expected by analysts polled by FactSet.