AMD Announces Preliminary Third Quarter 2022 Financial Results | Hacker News Reader

AMD Announces Preliminary Third Quarter 2022 Financial Results

finance.yahoo.com

62 pointsoumua_don1726 comments

AMD PRELIM 3Q REV. ABOUT $5.6B, EST. $6.71B

AMD CITES WEAKER CLIENT SEGMENT REVENUE

AMD: WEAKER THAN EXPECTED PC MARKET, INVENTORY CORRECTIONS

What would Q3 revenue have been without the Xilinx acquisition?

The new Zen 4 based Ryzen 7000 series was not released yet either, but was very anticipated. There's likely some impact there on overall sales as folks wait for the next-gen to release.

Looks like AMD stock might be going on sale...

if consumers are hit by inflation, are they splurging for new gaming/PC components?

Fair point, but overall I'd probably wager yes. PC gamers routinely throw big money behind small gains, even when it doesn't make financial sense. Your typical PC gamer is likely more "in tune" with new tech releases than a console gamer as well, and would be more likely to know next-gen is about to be available (not just CPU's either).

I wasn't able to get my 5 year PC refresh due to the insane demand at the start of the pandemic, when the previous series of parts came out...

I have _hard_ decided that I will get something NEW. I'm not getting 2-3 year old retail designs. Hopefully I can this year.

I am waiting for the new and GPUs then likely upgrading my four year old gear too, likely in q1. Everything should be on sale by then I think.

> Please don't use uppercase for emphasis. If you want to emphasize a word or phrase, put *asterisks* around it and it will get italicized.

https://news.ycombinator.com/newsguidelines.html

Uppercase just means they copy/pasted from Bloomberg in financial news.

Please don't lazily copy/paste either I guess.

I would have thought uppercase for quoting is equally bad, for the same reason as using uppercase for emphasis. You can use ** and/or prefix with >.

But, okay, clearly the community disagrees with my interpretation of the guidelines!

He means that the original copied text was in uppercase...

Okay, but I don't think changing the case is too big an ask.

What do we expect EPS to be? Before this low estimates were $0.92

1.62b shares outstanding * $0.92 EPS = $1,490,400,000

I'm going to guess they didn't make $1.49b in profit this quarter?

I know very very little about Crypto. Am I correct to assume Radeon GPU are not used much for mining? It seems to be mostly a Nvidia thing.

I think the Radeons were mostly used for ETH mining.

That seems like a really bad sign, tbh.

Not necessarily, because it just confirms what everyone already suspects: we're in a recession. Also, AMD announced "just" 29% y/y growth with 42% gross margin. If anything, it's a bad sign for Intel as they probably considerably shrunk in Q3.

The US govt hasnt announced the recession have they?

The government doesn't have to announce something for it to be so, and by the 'accepted' definition (two consecutive quarters of negative GDP) the US is in a recession.

"its a recession, not a daylight savings time adjustment"

High inflation in a recession would be worse.

The Fed triggering a recession for its effect on mid-term elections would be worse than that.

In this case, its not just that they haven't announced it but are also actively denying it.

Given the current actions being taken, it has the potential to be quite severe too.

How much of this is due to a switch to Macs?

https://news.ycombinator.com/item?id=33151805

-4.5% ah. So it’s a slight negative.

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