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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Kirk © who wrote (92730)	7/30/2024 4:35:49 PM
From: Return to Sender	Read Replies (2) of 95383

Advanced Micro beats by $0.01, beats on revs; guides Q3 revs in-line 4:18 PM ET 7/30/24 \| Briefing.com Reports Q2 (Jun) earnings of $0.69 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.68; revenues rose 8.9% year/year to $5.84 bln vs the $5.72 bln FactSet Consensus.Data Center segment revenue of $2.8 billion was up 115% year-over-year primarily driven by the steep ramp of AMD Instinct GPU shipments, and strong growth in 4th Gen AMD EPYC CPU sales. Revenue increased 21% sequentially primarily driven by the strong ramp of AMD Instinct GPU shipments. Client segment revenue was $1.5 billion, up 49% year-over-year and 9% sequentially primarily driven by sales of AMD Ryzen processors. Gaming segment revenue was $648 million, down 59% year-over-year and 30% sequentially primarily due to a decrease in semi-custom revenue. Embedded segment revenue was $861 million, down 41% year-over-year as customers continued to normalize their inventory levels. Revenue increased 2% sequentially.Co issues in-line guidance for Q3, sees Q3 revs of $6.4-7.0 bln vs. $6.61 bln FactSet Consensus.Non-GAAP gross margin is expected to be approximately 53.5%.

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