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AMD’s third quarter revenue of $1.65 billion net profit increased by 67%

Beijing time on October 25 morning news, AMD today announced the third quarter of 2018 financial report. The report shows that AMD’s third-quarter revenue was $1.65 billion, up 4% from $1.58 billion in the same period last year and 6% from $1.76 billion in the previous quarter; net profit was $102 million, compared with net profit for the same period last year. The increase of 67% compared with 61 million US dollars, compared with the net profit of 116 million US dollars in the previous quarter. AMD’s third-quarter adjusted earnings per share exceeded Wall Street analysts‘ previous expectations, but revenue and fourth-quarter revenue outlook failed to meet expectations, causing its share price to fall nearly 22%.
In the quarter ended September 30, AMD’s net profit was $102 million, and earnings per share were $0.09, a performance that was better than the same period last year. In the third quarter of fiscal 2017, AMD’s net profit was $61 million and earnings per share were $0.06. Excluding certain one-off items (not in accordance with US GAAP), AMD’s adjusted net profit for the third quarter was $150 million, compared to an adjusted net profit of $100 million for the same period last year; adjusted earnings per share Revenue was $0.13, compared to an adjusted earnings per share of $0.09 in the same period last year, which exceeded analysts’ expectations. Financial information provider FactSet survey shows that analysts expect AMD’s third quarter earnings per share to be $0.12.
AMD’s third-quarter revenue was $1.65 billion, up 4% from $1.58 billion in the same period last year and down 6% from $1.76 billion in the previous quarter, which is less than analysts’ expectations. According to the FactSet survey, analysts on average expected AMD’s third-quarter revenue to be $1.7 billion.
AMD’s revenue from the computing and graphics divisions in the third quarter was $938 million, up from $835 million in the same period last year, but down from $1.086 billion in the previous quarter; operating profit was $100 million. In comparison, operating profit for the same period last year was $73 million, and operating profit for the previous quarter was $117 million. Revenues from corporate, embedded and semi-custom businesses were $715 million, down from $749 million in the same period last year, but up from $670 million in the previous quarter; operating profit was $86 million, up from $74 million in the same period last year. And $69 million in the previous quarter. Operating losses for all other businesses were $36 million, compared to an operating loss of $28 million in the same period last year and an operating loss of $33 million in the previous quarter.
AMD’s third-quarter operating profit was $150 million, compared with operating profit of $119 million in the same period last year, and operating profit of $153 million in the previous quarter; not included in certain one-off items (not in accordance with US General Accounting) The standard), AMD’s adjusted operating profit for the third quarter was $186 million, compared with operating profit of $148 million for the same period last year and operating profit of $186 million in the previous quarter.
AMD’s third-quarter operating expenses were $511 million, compared to $452 million in the same period last year and $499 million in the previous quarter. AMD’s third-quarter operating expenses accounted for 31% of total revenue, compared with 29% in the same period last year and 28% in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), AMD’s adjusted operating expenses for the third quarter were $476 million, compared to $424 million in the same period last year and $467 million in the previous quarter. Excluding certain one-off items (not in accordance with US GAAP), AMD’s adjusted operating expenses in the third quarter accounted for 29% of total revenue, compared to 27% in the same period last year. It is 27%.
AMD’s gross margin for the third quarter was 40%, up 4% from 36% in the same period last year and up 3% from 37% in the previous quarter.
AMD expects revenue for the fourth quarter of FY18 to be approximately $1.45 billion, up and down $50 million, an increase of approximately 8% year-on-year, which is less than analysts’ expectations; gross margins not in accordance with US GAAP are expected to rise to 41% about. The FactSet survey shows that analysts on average expect AMD’s third-quarter revenue to reach $1.6 billion.
On the same day, AMD’s share price fell 2.30 US dollars in the Nasdaq regular trading, to close at 22.79 US dollars, a decrease of 9.17%. In the after-hours trading at 18:38 US Eastern Time (6:38 Beijing time on the 25th), AMD’s share price fell again by 4.96 US dollars to 17.83 US dollars, a decrease of 21.76%. In the past 52 weeks, AMD’s highest price was $34.14 and the lowest price was $9.04.

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