AMD: raises annual targets
(CercleFinance.com) - Taking into account the acquisition of Xilinx that it completed in February, AMD has raised its targets for 2022, now expecting revenues of around 26.
3 billion dollars and an adjusted gross margin of around 54%.
The chipmaker unveiled non-GAAP EPS that is up 117% at 1.13 dollar for Q1 2022, with an adjusted gross margin that increased 6.6 points to 53% on record revenue, that rose 71% to 5.89 billion dollars.
Management said that this quarter marked an important upturn in the company's transformation, noting that EPYC server processor revenues more than doubled for the third consecutive quarter.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
3 billion dollars and an adjusted gross margin of around 54%.
The chipmaker unveiled non-GAAP EPS that is up 117% at 1.13 dollar for Q1 2022, with an adjusted gross margin that increased 6.6 points to 53% on record revenue, that rose 71% to 5.89 billion dollars.
Management said that this quarter marked an important upturn in the company's transformation, noting that EPYC server processor revenues more than doubled for the third consecutive quarter.
Copyright (c) 2022 CercleFinance.com. All rights reserved.