AMD's Earnings Are Worse Than They Look
The semiconductor industry is going through an upheaval. Shortages have led to gluts, and the sky-high demand for PCs and other gadgets witnessed during the pandemic has vanished. Global shipments of PCs tumbled 29% year over year in the first quarter, according to IDC, falling below pre-pandemic levels. It could take a while for shipments to level out since there's still too much inventory floating around.
Given this backdrop, Advanced Micro Devices' (NASDAQ: AMD) headline result for the first quarter doesn't seem all that bad. The company reported a year-over-year revenue decline of 9%, a far better result than the 36% drop rival Intel experienced.
In many cases when a company makes a major acquisition, that company will help investors out by reporting something called organic revenue growth. Organic revenue growth backs out the impact of acquisitions and divestitures, giving investors a better idea of how the core business is doing.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Die Community bevorzugt Advanced Micro Devices Inc., mit deutlich mehr Buy- (85) als Sell-Einschätzungen (2).
Eine erhebliche Steigerung um mehr als 20% ist für Advanced Micro Devices Inc. mit einem Kursziel von 175 € im Vergleich zum aktuellen Kurs von 120.88 € zu erwarten.
