US Stocks Move|AMD Drops Over 7% After Hours as Revenue Forecast Disappoints the Market
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Glonghui, February 4th|Advanced Micro Devices (AMD.US) fell more than 7% after hours, trading at $224.93. AMD announced that its operating profit for the fourth fiscal quarter reached $2.85 billion, exceeding analysts' expectations of $2.47 billion; adjusted earnings per share were $1.53, higher than the market estimate of $1.32; operating revenue was $10.27 billion, including $390 million from sales of MI308 artificial intelligence (AI) chips in China, with overall revenue surpassing analysts' expectations of $9.65 billion. During the period, the operating profit margin was 28%, higher than analysts' expectations of 25.4%; capital expenditures were $222 million, less than the market estimate of $231 million; R&D expenses were $2.33 billion, more than analysts' expectations of $2.16 billion. AMD expects first-quarter operating revenue to be between $9.5 billion and $10.1 billion, higher than the average analyst estimate of $9.39 billion, but some forecasts exceeded $10 billion, which disappointed investors who had hoped to see increased AI computing power and greater returns; adjusted gross margin is expected to be about 55%, higher than the market expectation of 54.5%.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
SEC seeks to update its 1970s-era transfer agent rules for the blockchain age
The Block•2026/09/02 03:36
Korean stocks fall more than 3% to break below 6,600 points
格隆汇•2026/09/02 03:35
United States Dollar Index hold gains above 99.50 as Treasury yields hit multi-year highs
FXStreet•2026/09/02 03:30
Crypto prices
MoreBitcoin
BTC
$77,520.8
-1.27%
Ethereum
ETH
$2,418.64
-1.92%
Tether USDt
USDT
$0.9993
-0.04%
BNB
BNB
$688.59
-0.53%
XRP
XRP
$1.35
-1.73%
USDC
USDC
$0.9995
-0.05%
Solana
SOL
$100.53
-2.82%
TRON
TRX
$0.3219
-3.09%
Hyperliquid
HYPE
$83.23
-0.71%
Zcash
ZEC
$839.02
-1.64%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now