Demand in the PC market in particular was significantly lower, Intel’s rival said on Thursday evening when it presented preliminary figures for the third quarter in Santa Clara. The business with technology for data centers, on the other hand, was pleasing, as was the case in gaming.
The sales development of AMD (Advanced Micro Devices) for the third quarter then also clearly missed the expectations of the analysts and their own estimates. Overall, AMD sales rose by 29 percent to around $5.6 billion in the past quarter, also due to the purchase of chip specialist Xilinx. AMD had expected proceeds of around $6.7 billion plus/minus $200 million. Analysts had also expected sales of this magnitude.
The operating margin is also weaker than expected. AMD intends to present the detailed figures for the third quarter on November 1st. The AMD paper came under pressure after the trading session in the USA because of the disappointing key data. Competitors Intel and NVIDIA had already adjusted their expectations of buyer reluctance in the summer.
On Friday, AMD shares were down 13.87 percent in NASDAQ trading at $58.44.
/pcs/e.g
SANTA CLARA (dpa-AFX)
Leverage must be between 2 and 20
No data
More news about AMD (Advanced Micro Devices) Inc.
Image sources: AMD Global, Fabio Alcini 7 / Shutterstock.com