AMD Forecast Strong Revenue Output For 2022

Share post:

AMD forecasts strong revenue output for 2022 with revenue for the full year pegged at $26.3 billion, up about 60%. The revenue projection is ahead of analysts’ estimates of $25.145 trillion.

Advanced Micro Devices (AMD) is banking on its data center boom which it says will boost demand for its chips thereby adding a positive outlook to its revenue.

AMD recorded $5.89 billion in revenue above analysts’ average estimate of $5.52 billion. The company earned $1.13 per share during the quarter compared to Wall Street estimates of 91 cents per share.

For the current quarter, the company expects revenue of about $6.5 billion, plus or minus $200 million. This is above analysts’ expected revenue of $6.38 billion.

“Each of our businesses grew by a significant double-digit percentage year-over-year, led by EPYC server processor revenue more than doubling for the third straight quarter. Our focus remains on the premium, gaming, and commercial portions of the market where we see strong growth opportunities and expect to continue gaining overall client revenue share,” said AMD chief executive Lisa Su.

The sources for this piece include a story in Reuters.

Featured Tech Jobs


Related articles

Google delays launch of new AI model Gemini

Google's highly anticipated AI model, Gemini, has had its launch rescheduled to early 2024, as reported by The...

Canadian group gets $2.2 million to research AI threat detection for wireless networks

Ericsson Canada and three universities have been awarded funds by the National Cybersecurity

Proposed Canadian AI law ‘fundamentally flawed,’ Parliament told

A privacy lawyer said the proposed AI bill is vague and sets a dangerous precedent

Canada, U.S. sign international guidelines for safe AI development

Eighteen countries, including Canada, the U.S. and the U.K., today agreed on recommended guidelines to developers in their nations for the secure design, development, deployment, and operation of artificial intelligent systems. It’s the latest in a series of voluntary guardrails that nations are urging their public and private sectors to follow for overseeing AI in

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways