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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Advanced Micro Devices, Inc.    AMD

ADVANCED MICRO DEVICES, INC.

(AMD)
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Advanced Micro Devices : Xilinx forecasts current-quarter revenue largely above estimates

10/21/2020 | 04:20pm EST

Oct 21 (Reuters) - Xilinx Inc forecast current-quarter revenue largely above Wall Street estimates on Wednesday, bolstered by rising sales of its chips to data centers.

The company said it expects third-quarter revenue of $750 million to $800 million, compared to analysts' average estimate of $772.3 million, according to IBES data from Refinitiv.

Earlier this month, the Wall Street Journal reported that rival Advanced Micro Devices Inc is in talks to buy Xilinx in a deal that could be valued at more than $30 billion.

San Jose, California-based Xilinx makes programmable chips used in data centers to speed up tasks like artificial intelligence work and in 5G telecommunications base stations.

"Xilinx business continued to strengthen in fiscal Q2, buoyed by the economic recovery and increasing demand across our broad set of end markets," Chief Financial Officer Brice Hill said in a statement.

The company's net revenue fell to $767 million from $833 million in the second quarter, still topping estimates of $755.1 million. The revenue beat was powered by strength in the data center unit, where sales jumped 30% from last year.

Net income fell to $194 million, or 79 cents per share, in the quarter, from $227 million, or 89 cents per share, a year earlier. (Reporting by Munsif Vengattil and Stephen Nellis; Editing by Maju Samuel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. 0.55% 87.19 Delayed Quote.89.08%
XILINX, INC. 1.42% 137.49 Delayed Quote.38.65%
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Financials (USD)
Sales 2020 9 536 M - -
Net income 2020 1 219 M - -
Net cash 2020 1 893 M - -
P/E ratio 2020 88,8x
Yield 2020 -
Capitalization 104 B 104 B -
EV / Sales 2020 10,7x
EV / Sales 2021 8,46x
Nbr of Employees 11 400
Free-Float 98,9%
Chart ADVANCED MICRO DEVICES, INC.
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Advanced Micro Devices, Inc. Technical Analysis Chart | AMD | US0079031078 | MarketScreener
Technical analysis trends ADVANCED MICRO DEVICES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 88,74 $
Last Close Price 87,22 $
Spread / Highest target 37,6%
Spread / Average Target 1,74%
Spread / Lowest Target -85,1%
EPS Revisions
Managers
NameTitle
Lisa T. Su President, CEO & Non-Independent Director
John Edward Caldwell Chairman
Keivan Keshvari Senior Vice President-Global Operations
Devinder Kumar Chief Financial Officer, Treasurer & Senior VP
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
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