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AMD Stock Falls Despite Earnings Beat: What to Know

AMD Stock Falls Despite Earnings Beat: What to Know


Published on 2025-02-05 11:40:51 - Kiplinger
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  • Advanced Micro Devices beat expectations for its fourth quarter but AMD stock is still tumbling Wednesday. Here's why.

Advanced Micro Devices (AMD) experienced a significant drop in its stock price despite reporting earnings that surpassed expectations. In its first-quarter earnings report, AMD announced a revenue of $5.47 billion, which was above the consensus estimate of $5.45 billion, and an adjusted EPS of 62 cents, beating the expected 61 cents. However, the company provided a weaker-than-expected forecast for the current quarter, projecting revenue of about $5.7 billion, which was below the $5.9 billion that analysts had anticipated. This guidance, coupled with concerns about a softening PC market and potential declines in demand for chips used in gaming and data centers, led to investor disappointment. Additionally, AMD's CEO, Lisa Su, highlighted ongoing challenges in the PC market and a cautious outlook for the data center segment, contributing to the negative market reaction.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/amd-stock-falls-despite-earnings-beat-what-to-know ]
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