Advanced Micro analyst color on quarter
Stifel: They think AMD's revenue performance may be catching up to its share price valuation but are waiting for evidence of significant GM expansion to justify the earnings valuation. Management's full year 2018 guidance for double digit revenue growth, greater than 36% GM and OpEx at ~28% of revenue is also above their prior estimates.
Mizuho: Data center EPYC is ramping with H-P and MSFT, though they believe still at an early stage. They are maintaining their Buy rating and $17 PT. While AMD is showing CCG share gains and revenue upside, investor focus should be on DC traction and GM improvement in the mid to Long term.
B. Riley FBR: They like PC, server, and graphics chip laterals for Intel and Nividia. However, against the recent market and sector tape and with shares initially sliding 5% in a "sell the news" reaction and then rallying back to +1.0%, it may take some patience before the plusses they see are rewarded. Surging pricing shows demand outstripping supply in a seasonally-soft period, though mgmt hopes to replenish channel inventory sometime later this year.