Here's how it did versus LSEG consensus expectations:AMD said it expects about $5.7 billion in sales in the current quarter, in-line Wall Street estimates of about $5.70 billion.
The company reported net income of $123 million, or 7 cents per share, versus a net loss of $139 million, or 9 cents per share, during the year-earlier period. Revenue was up about 2% from a year earlier. The company's adjusted earnings didn't compare to analyst forecasts because AMD had added a new item for inventory loss.AMD said its closely-watched Data Center segment grew 80% on a year-over-year basis to $2.
AMD's weakest division was its gaming segment, which was down 48% on an annual basis to $922 million, which the company said was due to lower chip sales for game consoles and PCs. AMD's original business, processors for chips and PCs, is reported as client segment revenue. AMD reported $1.4 billion in first-quarter sales, a 85% annual increase, suggesting that last year's PC slump is over.
Source: Gaming Daily Report (gamingdailyreport.net)
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