AMD Warns on PC Slump but Gains on Intel in Lucrative Data Center Market

Advanced Micro Devices reported Tuesday quarterly revenue ahead of consensus, AMD however guided lower for the quarter ahead by over $150 million. Analysts and investors were excited that AMD is gaining further ground on Intel. The stock traded higher on AMD making up for a personal-computer slump with gains in the lucrative data center market. The company’s data center business revenue grew 42% in the quarter, compared with the 33% decline recorded at INTC’s data center and artificial intelligence unit … Continue reading “AMD Warns on PC Slump but Gains on Intel in Lucrative Data Center Market”

Texas Instruments Automotive Chips Strength Balances Weak Industrial Demand

Texas Instruments, the largest manufacturer of analog and embedded processors in America, reported better than expected fourth quarter results and also provided Q1 guidance that met analyst estimates but at the same time demand remains under pressure with customers working to reduce their inventory levels. The softer weaker quarter-over-quarter growth reflecting slowing demand spreading from personal electronics which was 24% of IT’s 2021 revenue to a more significant industrial markets which had 41% of revenue.  The automotive industry continues to … Continue reading “Texas Instruments Automotive Chips Strength Balances Weak Industrial Demand”

Texas Instruments Lowers Guidance on Retailers Bloated Inventories

Texas Instruments, the largest manufacturer of analog and embedded processors in America, traded over 5% lower despite reporting better than expected third quarter results beating by $0.06, and on revenues. TXN offered a weak outlook for the fourth quarter, guiding Q4 EPS below consensus and revenues below consensus. The softer weaker quarter-over-quarter growth reflects the slowing demand spreading from personal electronics which was 24% of IT’s 2021 revenue to a more significant industrial markets which had 41% of revenue.   Texas … Continue reading “Texas Instruments Lowers Guidance on Retailers Bloated Inventories”

Semiconductor gloom as AMD Warns Again, Samsung First Profit Decline in Three Years

Advanced Micro Devices issued preliminary third-quarter results Thursday that are well below its initial guidance from an already weak second-quarter earnings and guidance where AMD slashed its revenue and gross margin guidance for Q3, citing a “significantly” weaker PC market. Now they are saying it’s even worse saying its non-GAAP gross margin is expected to come in around 50%, while it had previously expected gross margin to be closer to 54%. AMD is seen as having a significant market opportunity … Continue reading “Semiconductor gloom as AMD Warns Again, Samsung First Profit Decline in Three Years”

All AMD’s Major Segments Grew but Sees Declines in PC Business for Q3

Advanced Micro Devices reported second-quarter earnings on Tuesday after the close of markets that essentially matched estimates for profit and revenue but guided lower for the current quarter. $AMD stock fell over 6% in extended trading. AMD is seen as having a significant market opportunity as its primary rival for PC and server processors, Intel continues to disappoint. All four of AMD’s major segments grew during the quarter, in which overall revenue soared 70% year over year. Graphics processors for … Continue reading “All AMD’s Major Segments Grew but Sees Declines in PC Business for Q3”