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First domino of Q3 falls: AMD warns of third quarter revenue shortfall on weaker PC demand
Posted on 10/6/22 at 3:31 pm
Posted on 10/6/22 at 3:31 pm
quote:
AMD warns of third-quarter revenue shortfall on weaker PC demand, supply chain issues
AMD issued preliminary third-quarter results Thursday that are well below its initial guidance.
The semiconductor company reported preliminary quarterly revenue of approximately $5.6 billion. It had initially said it expected $6.7 billion in revenue for the quarter, plus or minus $200 million. AMD also said that its non-GAAP gross margin is expected to come in around 50%, while it had previously expected gross margin to be closer to 54%.
Shares fell about 4% in after-hours trading.
AMD said the shortfall was a combination of a "weaker than expected PC market and significant inventory correction actions across the PC supply chain."
Midterms: Repubs staaacked, Dems fuuuuucked
This post was edited on 10/6/22 at 8:19 pm
6
Posted on 10/6/22 at 4:35 pm to rickgrimes
I have been waiting to pounce on this. How low you think AMD is going? I was hoping to buy in the $64 range but could be poised for 50s?
Posted on 10/6/22 at 4:36 pm to rickgrimes
bad news may finally be bad news we'll see
Posted on 10/6/22 at 4:39 pm to rickgrimes
Was wondering over the last few days (fake rally) why my financial advisor hasn't called to tell me to put more money into the market. More pain ahead for sure.
Posted on 10/6/22 at 6:24 pm to rickgrimes
I believe client business is their processor and GPU products sold to retail. Hmmm just like Nvidia wonder why GPU demand has fallen off a cliff
Posted on 10/6/22 at 7:09 pm to UltimaParadox
quote:
wonder why GPU demand has fallen off a cliff
Is this rhetorical?
Posted on 10/6/22 at 8:05 pm to rickgrimes
Can't sell eth mining cards anymore, nvidia is next. This has been coming for a while, i just missed the timing.
Posted on 10/6/22 at 8:10 pm to UltimaParadox
quote:
I believe client business is their processor and GPU products sold to retail. Hmmm just like Nvidia wonder why GPU demand has fallen off a cliff
They break out gaming revenue from Client, and gaming was actually up.
Posted on 10/6/22 at 8:56 pm to rickgrimes
I’m a buyer below $15
Posted on 10/6/22 at 9:33 pm to slackster
quote:
They break out gaming revenue from Client, and gaming was actually up
did they move the discrete GPUS in with the semiconductors that are in the Xbox/Ps5?
Posted on 10/7/22 at 7:00 am to UltimaParadox
quote:
did they move the discrete GPUS in with the semiconductors that are in the Xbox/Ps5?
No clue. Just perusing the article.
Posted on 10/7/22 at 8:55 am to DiamondDog
I bought in at $63.50. Screwed up. Needed to wait another $1. Oh well.
Posted on 10/7/22 at 9:25 am to Shankopotomus
quote:
bad news may finally be bad news we'll see
Except when it's good news being bad news. September Unemployment inexplicably dropped to 3.5%.
The market is taking a huge dump today now that instead of a pause or just .5 in November we may well get another .75.
Posted on 10/7/22 at 12:15 pm to Bard
I have 5 stocks in the green today. SO has been getting destroyed the last couple of days.
Posted on 10/7/22 at 12:39 pm to TDTOM
defense and Oil gas stocks only thing green in portfolio . Everything else is Crap but hey what else is new 
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