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AMD’s stock craters more than 20% after weak graphics sales


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AMD’s third-quarter revenue rose to $1.65 billion from $1.58 billion in the year-ago period. Wall Street expected revenue of $1.7 billion from AMD, which had forecast revenue of $1.65 billion to $1.75 billion for the third quarter. Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, expected revenue of $1.75 billion.


AMD reported computing and graphics sales of $938 million for the third quarter, while analysts had expected $1.05 billion. The company reported enterprise embedded and semi-custom sales of $715 million, while analysts had forecast $653 million.


Su said she expects data center GPU sales to be a “meaningful contribution” to fourth-quarter sales, but it won’t be a quick fix.


“We are expecting that it might take a couple quarters to completely get back to a normal channel, however it is factored into our Q4 guidance,” Su told analysts. For the fourth quarter, AMD estimates revenue of $1.4 billion to $1.5 billion, while analysts had forecast revenue of $1.6 billion.





AMD just hit a huge bump in the road, although one that in my opinion should have been expected. They are making huge gains in the CPU market over time, but their GPUs are behind Nvidia, and they have a lot of work to do still to become what we all hope they will become.


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