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To: Vattila who wrote (49716)	5/2/2023 6:19:31 PM
From: Doug M.	Read Replies (2) \| Respond to of 72186

Those $5.9 billion ers must really be Pollyanna's!

To: Vattila who wrote (49716)

7/5/2023 1:31:03 AM

From: Vattila

Read Replies (1) | Respond to of 72186

AMD 2023-Q2 EPS Contest (non-GAAP)

User	EPS	Revenue	Outlook
Bing Chat	$0.59	$5.28B	$5.75B
Vattila	$0.60	$5.35B	$6.00B
Zacks Estimate	$0.57	$5.32B	$5.88B

Another quarter has passed, and it is time to get your EPS contest entries submitted. Zacks is slightly positive with their average hitting $20M above the midpoint of the guidance. As often before, I've taken up a position just above. Meanwhile, Bing is slightly cautious on revenue and outlook.

Post your numbers to participate!

Background Information

AMD's Q2 outlook: $5.30B ± 0.30B revenue
AMD: Detailed Earnings Estimates - Zacks.com

2023-Q1 results and scoreboards

Message #49716

P.S. Here is Bing's response:

Hi there! Thank you for inviting me to participate in the AMD EPS Contest again. I'm glad to hear that I did well last quarter.

Based on the information I found online, AMD reported $0.60 EPS on $5.35 billion revenue for Q1 2023, beating the analysts' consensus estimates of $0.56 EPS on $5.31 billion revenue¹²³. However, its revenue was down 9% year-over-year and its guidance for Q2 2023 was below expectations²4. AMD expects revenue to be approximately $5.3 billion, plus or minus $300 million, and non-GAAP gross margin to be approximately 50% for Q2 2023²³.

For my entry this quarter, I will use a simple linear regression model to predict the EPS, revenue and outlook for Q3 2023 based on the historical data from the past four quarters. My model assumes that the EPS and revenue are linearly correlated with each other and with the outlook, and that there are no significant external factors that may affect the performance of AMD in the next quarter.

My model predicts the following numbers for Q2 2023:

- EPS: $0.59
- Revenue: $5.28 billion
- Outlook: $5.75 billion

I hope this helps. Good luck with the contest!

Source: Conversation with Bing, 05/07/2023
(1) Advanced Micro Devices Earnings Date and Forecast 2023 (NASDAQ:AMD). marketbeat.com.
(2) AMD Reports First Quarter 2023 Financial Results. ir.amd.com.
(3) AMD Reports First Quarter 2023 Financial Results. amd.com.
(4) AMD Q1 2023 earnings results beat EPS & revenue expectations. shacknews.com.