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AMD: Q3 EPS down 8%

( - On Tuesday evening AMD reported Q3 2022 adjusted EPS that is down 8% to 67 cents and an adjusted operating margin that is down one point to 23%, on revenues that are up 29% to 5.
56 billion dollars.

It said that hese results missed its expectations due to the slowdown in the PC market and substantial inventory reduction actions across the PC supply chain.

For FY 2022, the semiconductor maker expects revenue of about 23.5 billion dollars (give or take 300 million dollars), up about 43%, and an adjusted gross margin of about 52%.

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