Signal financial11/21/2022 ![]() ![]() Signal financial Pc#Third quarter sales are expected to decline 15% from the prior quarter, but still rise 29% from the year-ago period.Īnd AMD executives acknowledged last month that the overall PC market is faring worse than their previous already-downbeat outlooks. 1.ĪMD sells central processing units for laptops and desktops alongside a large videogame graphics chip business. Signal financial full#The chip maker reports its full third-quarter financial numbers on Nov. AMD now expects third-quarter revenue of around $5.6 billion, down about $1 billion from a previous estimate.ĬEO Lisa Su said macroeconomic conditions drove lower than expected PC demand and a “significant” inventory correction across the PC supply chain. ’ shares fell 4% after-hours on Thursday after it warned that the PC market had “weakened significantly” and it would miss September quarter revenue guidance. *** AMD Warns of Revenue Miss Amid Weaker PC Sales Rublin and energy experts from OPIS today at noon as they examine the impact of Russia cutting energy supplies to Europe on consumers there and the U.S., how the energy ecosystem is adapting, and what the absence of Russian fuel means for the future of nuclear, coal, renewables, and natural gas. *** Join Barron’s senior managing editor Lauren R. Gloomy economic outlook last month stunned markets but with earnings season approaching profit warnings are becoming far more commonplace. Regardless, AMD and Samsung provide a wake-up call, if anyone still needed it, that the economic slowdown is here and its impacts are already being felt. The German chipmaker’s stock outperformed its peers early Friday. –a leader in automotive semiconductors–was less downbeat earlier this week, seeing pent-up demand for autos along with a growing trend of more chips in each car. ![]() Given the growing importance of chips to pretty much everything, from autos to smartphones to defense systems to refrigerators – it has a direct read across to the broader economy. Samsung is something of a bellwether for global consumer demand. The world’s largest memory chipmaker flagged a 32% drop in operating profit in the third quarter–its first year-on-year decline since 2019. That sparked concerns but Samsung Electronics’ updated guidance overnight has exacerbated fears. Advanced Micro Devices compounded that Thursday, seeing revenue more than $1 billion below its previous forecast in the third quarter, citing weak PC demand. ![]()
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