Well, its really a WAG this qtr, see the paragraph at the bottom, but just doing the earnings calculation from the numbers they provided it is this:
Revenue: 5.6B
non-GAAP gross margin: 50%
non-GAAP op ex: 1.5B
Shares outstanding: 1.63B
So, ((5.6B x 0.5) - 1.5B)/1.63B = 0.798 or 80cents.
Now they also have these two statements that make me scratch my head a bit:
In addition, the third quarter results are expected to include approximately $160 million of charges primarily for inventory, pricing, and related reserves in the graphics and client businesses.
That would be 10c/share but does it impact non-GAAP?? One-time events are not normally included in non-GAAP, so that hit shouldn't be there, but if it is, then my 80 becomes 70c/sh.
Then the statement below, taken at face value, says they might change any of the numbers if they decide too, and the changes may be large!
This update does not present all necessary information for an understanding of AMD’s financial condition as of the date of this release, or its results of operations for the third quarter of 2022. As AMD completes its quarter-end financial close process and finalizes its financial statements for the quarter, it will be required to make judgments in a number of areas. It is possible that AMD may identify items that require it to make adjustments to the preliminary financial information set forth above and those adjustments could be material. |
