AMD Shares Skyrocket After Strong Q3 Guidance Announcement

Pictured: Ryzen series processing unit

Source: Unsplash | Photographer: Olivier Collet

Reading time: two minutes

The results are in and things are looking good for AMD. According to their earnings report for the second quarter of 2020, the company enjoyed a year-over-year revenue boost of 26%. Income from computing and graphics components for PCs and laptops also came at a whopping $1.37 billion, beating Wall Street expectations by 45%.

On Tuesday, July 28, the company’s shares surged by close to 10% in extended hours trading shortly after the news. Here are the other important metrics mentioned in the report:

 

– Earnings per share of 13 cents versus analysts’ expectations for 16 cents

– Revenue of $1.93 billion versus analysts’ expectations for $1.86 billion

– Strong Q3 guidance: $2.55 billion in revenue versus expectations for $2.23 billion

 

According to AMD’s CEO Lisa Su, the PC market is expected to expand even further throughout the second half of 2020. She also revealed that two of its partners—Microsoft and Sony—will be releasing new products featuring AMD components sometime later this year.

 

“We expect strong second-half semi-custom growth as we ready production to support the holiday launches of the new PlayStation 5, and Xbox Series X consoles.” 

Lisa Su

 

AMD stock is up 47% since the start of the year.


Upcoming reports

See the full list of upcoming earnings reports for 3 – 6 August in the tables below.

Monday, August 3 2020

Country of originCompany nameFiscal period
USAAmerican International Group IncSecond quarter of 2020
USASBA Communications CorpSecond quarter of 2020
United KingdomLiberty Global PlcSecond quarter of 2020
USAEastman Chemical CoSecond quarter of 2020
USAKLA CorpFourth quarter of 2020
USAWilliams Companies IncSecond quarter of 2020
USAMckesson CorpFirst quarter of 2021
USABerkshire Hathaway IncSecond quarter of 2020
USATyson Foods IncThird quarter of 2020
ItalyFerrari NVSecond quarter of 2020
FranceSociete Generale SAHalf year 2020
GermanyMAN SEHalf year 2020
United KingdomSenior Plc
Half year 2020
United KingdomRIT Capital Partners PlcHalf year 2020
GermanyMTU Aero Engines AGSecond quarter of 2020
United KingdomCapita PlcHalf year 2020
BermudaHiscox LtdHalf year 2020
Kingdom of the NetherlandsPostNL NVSecond quarter of 2020
GermanyHochtief AGHalf year 2020
Kingdom of the NetherlandsHeineken Holding NVHalf year 2020

Tuesday, August 4 2020

Country of originCompany nameFiscal period
USADevon Energy CorpSecond quarter of 2020
USAProgressive CorpSecond quarter of 2020
USAActivision Blizzard IncSecond quarter of 2020
USABeyond Meat IncSecond quarter of 2020
USAFox CorpFourth quarter of 2020
USAAllstate CorpSecond quarter of 2020
USAWalt Disney CoThird quarter of 2020
USAVerisk Analytics IncSecond quarter of 2020
USAO-I Glass IncSecond quarter of 2020
USAMicrochip Technology IncFirst quarter of 2021
ItalyTelecom Italia SpASecond quarter of 2020
FranceAccor SAHalf year 2020
USAExpeditors International of Washington IncSecond quarter of 2020
USAExelon CorpSecond quarter of 2020
USAHenry Schein IncSecond quarter of 2020
USAEmerson Electric CoThird quarter of 2020
USADuke Energy CorpSecond quarter of 2020
ItalyIntesa Sanpaolo SpASecond quarter of 2020
SwitzerlandIwg Plc
Half year 2020
USAWynn Resorts LtdSecond quarter of 2020
JapanSony CorpFirst quarter of 2021
JapanNippon Steel CorpFirst quarter of 2021
Great BritainDiageo Plc
Half year 2020
EgyptCentamin Plc
Half year 2020
Great BritainBP PlcSecond quarter of 2020
GermanyBayer AGSecond quarter of 2020
GermanyHugo Boss AGHalf year 2020
GermanyInfineon Technologies AGThird quarter of 2020
GermanyFraport AG Frankfurt Airport Services WorldwideHalf year 2020
Kingdom of the NetherlandsKoninklijke DSM NVSecond quarter of 2020
GermanyEvonik Industries AGSecond quarter of 2020

Wednesday, August 5 2020

Country of originCompany nameFiscal period
USAZynga IncSecond quarter of 2020
USARoku IncSecond quarter of 2020
USAGoDaddy IncSecond quarter of 2020
USASquare IncSecond quarter of 2020
USAFitbit IncSecond quarter of 2020
USAFiserv IncSecond quarter of 2020
USAInseego CorpSecond quarter of 2020
USAMarathon Oil CorpSecond quarter of 2020
USAWestern Digital CorpFourth quarter of 2020
USAACADIA Pharmaceuticals IncSecond quarter of 2020
USAETSY IncSecond quarter of 2020
CanadaThomson Reuters CorpSecond quarter of 2020
USACVS Health CorpSecond quarter of 2020
USANRG Energy IncSecond quarter of 2020
USARegeneron Pharmaceuticals IncSecond quarter of 2020
USADiscovery IncSecond quarter of 2020
IsraelTeva Pharmaceutical Industries LtdSecond quarter of 2020
USAMonster Beverage CorpSecond quarter of 2020

Thursday, August 6 2020

Country of originCompany nameFiscal period
USAUber Technologies IncSecond quarter of 2020
USADropbox IncSecond quarter of 2020
USABooking Holdings IncSecond quarter of 2020
USAIllumina IncSecond quarter of 2020
USAMotorola Solutions IncSecond quarter of 2020
USANews CorpFourth quarter of 2020
USACloudflare IncSecond quarter of 2020
USAEOG Resources IncSecond quarter of 2020
USATripAdvisor IncSecond quarter of 2020
USADentsply Sirona IncSecond quarter of 2020
USAHilton Worldwide Holdings IncSecond quarter of 2020
USAStericycle IncSecond quarter of 2020
USABristol-Myers Squibb CoSecond quarter of 2020
CanadaCronos Group Inc
Second quarter of 2020
USAABIOMED IncFirst quarter of 2021
Great BritainMylan NVSecond quarter of 2020
USAZoetis IncSecond quarter of 2020
USAAmerican Electric Power Company IncSecond quarter of 2020
CanadaBausch Health Companies IncSecond quarter of 2020
USACardinal Health IncFourth quarter of 2020
USAGannett Co IncSecond quarter of 2020
USACheniere Energy IncSecond quarter of 2020
Great BritainGW Pharmaceuticals PlcHalf year 2020
USAYelp IncSecond quarter of 2020
TaiwanHimax Technologies IncSecond quarter of 2020

***

Looking to trade on the global markets, but have little or no experience? Open a demo account in Delta Trading and test your boldest strategies in a real market environment, without the risk of losing real funds.

 

Posted in Market news and tagged , , , , , .

Leave a Reply

Your email address will not be published. Required fields are marked *