AMD has reported its Q3 results which were mixed, causing the stock to decline despite matching Wall Street expectations for EPS.
Earnings and Sales Performance
AMD earned an adjusted 92 cents per share on sales of $6.82 billion, matching Wall Street's expectations for earnings but slightly exceeding sales forecasts.
Revenue Guidance
For the current quarter, AMD projects sales of $7.5 billion, which is below the $7.55 billion that analysts were expecting.
Market Reaction
Following the earnings report, AMD's stock fell by more than 7% in after-hours trading despite a strong performance during the regular trading session.
CEO Comments on Growth Opportunities
CEO Lisa Su has highlighted growth opportunities in AMD’s data center, client, and embedded businesses, driven by increasing demand for computing.
Competitive Landscape
AMD faces competition primarily from Intel in PC and server processor markets and Nvidia in AI accelerators and graphics chips.
