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Citi: Advanced Micro Devices, Inc. (AMD.US) 1Q Results and 2Q Guidance Beat Expectations
Recommend 4 Positive 3 Negative 3 |
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Citi Research said Advanced Micro Devices, Inc. (AMD.US) reported 1Q26 revenue of USD10.25 billion, flat QoQ and above market expectations of USD9.85 billion. Gross margin fell 156 bps QoQ to 55.4%, higher than the expected 54.9%, mainly driven by stronger sales. EPS was USD1.37, also above the market forecast of USD1.28. The company guided 2Q26 revenue of USD11.2 billion, up 9% QoQ and higher than the expected USD10.51 billion. Gross margin guidance was 56%, also above the expected 55.5%. The broker said it will focus during the earnings call on the total addressable market and outlook for server CPU, the mass production timelines of MI400 and Helios, as well as gross margin trends and supply constraints. It maintained a TP of USD248 and a Neutral rating. (ss/w) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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