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published in Blogs
Apr 28, 2021
AMD (AMD, $84.10) stock rises on optimistic guidance

AMD (AMD, $84.10) stock rises on optimistic guidance

Advanced Micro Devices   shares climbed  Wednesday, after the chipmaker provided strong guidance on current-quarter sales and a solid full-year outlook.

AMD expects June quarter revenues in the region of $3.6 billion, with a range of plus or minus $100 million, and a non-GAAP gross margin of 47%. For the full 2021 financial year, AMD projects revenue growth of +50%, indicating a total of around $14.65 billion, on expectations that semiconductor supply chain bottlenecks will subside over the second half of the year.

The company’s first quarter earnings surged +150% year-over-year to 45 cents per share, with revenues up +92% to $3.45 billion.  

 

 

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