AMD Stock Soars After Reporting This… | AMD Stock Earnings
AMD Stock is soaring right now after AMD Stock Earnings came in with a HUGE beat on both EPS and Earnings. AMD Stock $AMD today announced revenue for the second quarter of 2023 of $5.4 billion, gross margin of 46%, operating loss of $20 million, net income of $27 million, and diluted earnings per share of $0.02. On a non-GAAP(*) basis, the gross margin was 50%, operating income was $1.1 billion, net income was $948 million, and diluted earnings per share was $0.58.
AMD Q2 Press Release: https://ir.amd.com/news-events/press-releases/detail/1146/amd-reports-second-quarter-2023-financial-results
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AMD Stock Earnings Analysis 🔥
Welcome to our channel! In this video, we dive into AMD’s recent stock earnings report, analyzing the company’s performance after hours and providing constant updates throughout. Join us as we go over their high-level metrics, major views about the company, and their earnings release. Our hosts, Paul and Mo, will delve into the critical aspects found in the report and share their valuable insights.
AMD, known for nipping at Intel’s heels, has been making waves in the chip industry, and we discuss whether it’s outshining its giant competitor. The recent earnings beat showcases their resilience, with earnings per share reaching 58 cents, right on target. Additionally, we explore their impressive revenue of $5.4 billion, exceeding estimates by $81 million.
Before delving into more specific data, we pull up AMD’s quarterly income, noting that despite the beat, the numbers are down from last year, reflecting the industry’s slowdown in demand and inventory challenges.
Our team takes a deep dive into AMD’s stock performance and historical trends. We trace the company’s journey from reaching its high of $44.44 in 2000 to surpassing it only in December 2019. The lesson learned is the importance of not overpaying for a stock and having patience in the market.
Throughout the video, we discuss various factors affecting AMD’s stock, including the impact of share dilution on investors and the need to be cautious with future assumptions. We analyze AMD’s financials, considering key metrics like profit margins and compare them to industry peers like Intel.
Join the conversation as we weigh the bullish and bearish cases for AMD, discussing their expansion plans, AI ventures, and how they stack up against Nvidia. Our stock analyzer tool helps us predict potential price ranges, and we assess whether the current market price of $117 aligns with our future growth assumptions.
Stay tuned for our in-depth discussion on the upcoming earnings call, potential announcements, and the impact on the stock price. Make sure to subscribe to our channel for more investment insights, analysis, and financial education.
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