Overview
- AMD projected first-quarter revenue of $9.5 billion to $10.1 billion, a range many viewed as too conservative versus expectations.
- The stock sank 17% after the report and has fallen roughly 26% over the past month from late-January highs.
- Fourth-quarter revenue rose 34% to $10.3 billion as adjusted earnings hit $1.53 per share, topping Wall Street estimates.
- Data center sales grew 39% to $5.4 billion on EPYC CPUs and Instinct GPUs, while client and gaming revenue climbed 37% to $3.9 billion on Ryzen and Radeon strength.
- Some analysts warn the valuation leaves room for more downside, with one Trefis analysis outlining a potential path near $132.