Advanced Micro beats by $0.01, beats on revs; guides Q1 revs in-line (10.37 -0.24)
- Reports Q4 (Dec) non-GAAP loss of $0.01 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.02); revenues rose 15.4% year/year but fell 15.4 % sequentially to $1.11 bln vs the $1.07 bln Capital IQ Consensus.
- Co issues in-line guidance for Q1, sees Q1 revenue down 8-14% sequentially which we compute as $951-1,018 mln vs. $964.3 mln Capital IQ Consensus Estimate.
- Non-GAAP gross margin was 32%, up 2 percentage points YoY and up 1 percentage point sequentially primarily due to higher Computing and Graphics segment revenue.
- Computing and Graphics segment revenue was $600 million, up 28% YoY and 27% sequentially. The YoY increase was primarily driven by higher GPU sales. The sequential increase was primarily due to higher GPU and client processor sales. Enterprise, Embedded and Semi-Custom segment revenue was $506 mln, up 4% YoY primarily driven by higher embedded and semi-custom SoC revenue.