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2022-02-02

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AMD's Q4 revenue increased by 49% year-on-year, its first-quarter performance guidance exceeded expectations, and its stock price soared 10% after-hours

AMD今天公布了该公司的2021财年第四季度及全年财报。报告显示，AMD第四季度营收为48.26亿美元，与上年同期的32.44亿美元相比增长49%，与上一季度的43.13亿美元相比增长12%；净利润为9.74亿美元，与上年同期的17.81亿美元相比下降45%，与上一季度的9.23亿美元相比增长6%。（唐风）

AMD's Q4 revenue increased by 49% year-on-year, its first-quarter performance guidance exceeded expectations, and its stock price soared 10% after-hours

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9091922411,"tweetId":"9091922411","gmtCreate":1643765900257,"gmtModify":1676533853099,"author":{"id":4095509014545060,"idStr":"4095509014545060","authorId":4095509014545060,"authorIdStr":"4095509014545060","name":"Chen JT","avatar":"https://static.tigerbbs.com/a6049da05c28625f7c309d59b4b9c417","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.23","exceedPercentage":"93.61%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>good</p></body></html>","htmlText":"<html><head></head><body><p>good</p></body></html>","text":"good","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9091922411","repostId":2208985359,"repostType":4,"repost":{"id":"2208985359","kind":"news","pubTimestamp":1643760444,"share":"https://ttm.financial/m/news/2208985359?lang=en_US&edition=fundamental","pubTime":"2022-02-02 08:07","market":"us","language":"zh","title":"AMD's Q4 revenue increased by 49% year-on-year, its first-quarter performance guidance exceeded expectations, and its stock price soared 10% after-hours","url":"https://stock-news.laohu8.com/highlight/detail?id=2208985359","media":"华尔街见闻","summary":"AMD今天公布了该公司的2021财年第四季度及全年财报。报告显示，AMD第四季度营收为48.26亿美元，与上年同期的32.44亿美元相比增长49%，与上一季度的43.13亿美元相比增长12%；净利润为9.74亿美元，与上年同期的17.81亿美元相比下降45%，与上一季度的9.23亿美元相比增长6%。（唐风）","content":"<p><html><head></head><body>Driven by strong demand for servers and PC processors, AMD's fourth-quarter revenue was $4.826 billion, an increase of 49% compared with $3.244 billion in the same period last year and an increase of 12% compared with $4.313 billion in the previous quarter. Exceeded analysts' expectations. At the same time, revenue in the first quarter of fiscal year 2022 was approximately US $5 billion, fluctuating by US $100 million, a year-on-year increase of approximately 45% and a quarter-on-quarter increase of approximately 4%, which also exceeded analysts' expectations.</p><p>After the U.S. stock market closed on Tuesday, February 1, Eastern Time, AMD, the chip \"upstart\" of the S&P 500, announced its fourth quarter and full-year financial reports for fiscal year 2021 and its performance guidance for the first quarter of fiscal year 2022. The performance and expectations both exceeded Wall Street Analysts expect it to soar by more than 10% after hours, and AMD has fallen 22% this year.<img src=\"https://static.tigerbbs.com/4ff77cb66ff36afce015e6de33b1468f\" tg-width=\"791\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/></p><p>Compared with the strong performance of AMD's revenue surge of 54% in the third quarter, AMD still performed well in the fourth quarter, and its core financial indicators were better than expected. Specifically:</p><p><ul><li>Fourth-quarter adjusted EPS was $0.8, compared with analysts' expectations of $0.75.</li><li>Revenue in the fourth quarter was $4.826 billion, compared with analysts' expectations of $4.5 billion, a year-on-year increase of 49%. Among them, the revenue of the computing and graphics department was US $2.584 billion, a year-on-year increase of 32%; The Enterprise, Embedded and Semi-Custom segment generated revenue of $2,242 million, up 75% year-over-year.</li><li>Net income in the fourth quarter was $974 million, down 45% year-over-year.</li><li>Adjusted operating margin in the fourth quarter was 27%, compared with analysts' expectations of 24%.</li></ul><img src=\"https://static.tigerbbs.com/5132fb5efd1f569b1281f378bbdb0f26\" tg-width=\"853\" tg-height=\"535\" referrerpolicy=\"no-referrer\"/></p><p>Throughout fiscal 2021, AMD's performance metrics are as follows:</p><p><ul><li>Full-year 2021 revenue was US $16.4 billion, a year-on-year increase of 68%; Operating income was $3.6 billion and net income was $3.2 billion.</li><li>Adjusted EPS for the full year was $2.57.</li></ul><img src=\"https://static.tigerbbs.com/82e1990ef939c8a12b9faf441c4befd8\" tg-width=\"853\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/></p><p>The company's guidance for the first quarter of 2022 is as follows:</p><p><ul><li>It expects first-quarter revenue to be $5 billion (up or down $100 million), up 45% year-over-year and 4% quarter-over-quarter, ahead of analysts' expectations for revenue of $4.3 billion.</li><li>Non-GAAP gross margin is expected to be 50.5% in the first quarter, up from 50% in the fourth quarter.</li><li>Full-year 2022 revenue is expected to be $21.5 billion, up 31% year-over-year, far exceeding analysts' estimates of $19.3 billion in revenue.</li><li>Non-GAAP gross profit margin for the full year of 2022 is expected to be 51%, up from 48% in 2021.</li></ul>Meanwhile, AMD said it repurchased $756 million of common stock during the quarter. The company had $3.6 billion in cash and equivalents at the end of 2021.</p><p>AMD CEO Lisa Su affirmed her year's performance in a statement:</p><p>Each of our businesses has performed extremely well, with data center revenue doubling year-over-year, driven by cloud computing and increasing adoption of AMD EPYC processors by enterprise customers, and we expect another year of substantial growth in 2022 as we strengthen our current portfolio and launch our next generation PC, gaming and data center products. PC market demand in the fourth quarter was better than expected, demand was strong, and supply chain problems may be alleviated</p><p>Previously, analyst Harsh Kumar downgraded AMD last week amid concerns about a slowdown in the PC market. Piper Sandler targeted the stock at $130 after AMD topped $160 a few months ago.</p><p>However, PC market sales in the fourth quarter were better than Wall Street expected, not only in Microsoft's \"more personal computing\" business revenue, which increased by 15% year-on-year in its fourth-quarter financial report last week, but also in Apple's strong 25% year-on-year growth and record-high Mac revenue. Industry data also illustrates the problem. According to Canalys data, the PC industry will have strong sales in 2020 and 2021, with sales increasing 27% from 2019 to 341 million units.</p><p><img src=\"https://static.tigerbbs.com/45ec99278b9e50d086aaa93e70cee3a6\" tg-width=\"864\" tg-height=\"472\" referrerpolicy=\"no-referrer\"/></p><p>AMD gets a significant portion of its sales from CPUs sold to the PC space. The Computing and Graphics Division, which accommodates desktop and notebook processors, generated revenue of US $2.6 billion in the fourth quarter, a year-on-year increase of 32% and a quarter-on-quarter increase of 8%. Driven by the growth in sales of Ryzen, Radeon and AMD Instinct processors, client CPUs and GPU average selling price (ASP) increased both year-on-year and quarter-on-quarter.</p><p>Christopher Rolland, an analyst at Susquehanna Financial Group, expects solid results from AMD, driven by the PC and server segments. He expects AMD's forecast for 2022 to reflect slowing PC growth, but he sees strong strength on the server side. In addition, he believes that AMD's server processor sales can reach US $3 billion in 2021, a year-on-year increase of more than 100%.</p><p>The biggest risk facing tech stocks in 2022 is the normalization of business due to the easing of COVID-19 pandemic. The chip industry is facing the impact of a gradual slowdown in the normalized growth rate of PC sales this year, but as supply constraints hindered sales in the previous year, some analysts believe that AMD will not be greatly affected.</p><p>And supply chain issues may no longer be its limitation. In a conference call with analysts after Tuesday afternoon's earnings report, AMD's Su said that the company has been struggling to solve supply chain issues for the past four or five quarters, in terms of manufacturing capabilities and materials. Investments have been made. As a result, she believes the company expects to have sufficient capacity to meet its 2022 forecast demand.</p><p>Gross profit margin is expected to increase to more than 50% in the first quarter. Is AMD stock still a \"top choice\"?</p><p>Bank of America Global Research analyst Vivek Arya said he sees a \"small increase\" in both fourth-quarter results and AMD's first-quarter guidance. He believes that its gross profit margin forecast in the first quarter has increased to more than 50%, which is driven by the shift in its product structure to high-end servers and PC processors.</p><p>This month, Samsung officially released the new generation flagship processor Exynos 2200 developed jointly with AMD. This chip will bring hardware-level light tracing support to mobile phone chips for the first time, and GPU capabilities will be greatly improved.</p><p>Arya said AMD stock remains a \"top pick\" as it is likely to continue to gain market share. He noted that while tight supply remains a widespread problem in the chip industry, AMD has a healthy foundry partnership with Taiwan Semiconductor Manufacturing Plant (TSM).</p><p>Investors also seem to favor AMD. As of January 27 this year, Apple and AMD ranked among the top five most popular stocks in the U.S., according to VandaTrack. This also means that American retail investors are gradually abandoning \"bubble stocks\" and returning to blue chips in the broader market.</p><p>However, analyst KC Rajkumar of Lynx Equity Strategies is skeptical about the first-quarter forecast, saying:</p><p>AMD's risk-reward is already very complex and should be viewed with caution even at current levels, as the market no longer supports high-growth, high-multiple companies. In addition, it cannot be ignored that the veteran chip giant Intel is narrowing the gap with AMD in product design and process technology, and Intel is gradually catching up in high-end PC processors. Meanwhile, AMD's acquisition of Xilinx is still pending.</p><p></body></html></p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD's Q4 revenue increased by 49% year-on-year, its first-quarter performance guidance exceeded expectations, and its stock price soared 10% after-hours</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD's Q4 revenue increased by 49% year-on-year, its first-quarter performance guidance exceeded expectations, and its stock price soared 10% after-hours\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-02-02 08:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Driven by strong demand for servers and PC processors, AMD's fourth-quarter revenue was $4.826 billion, an increase of 49% compared with $3.244 billion in the same period last year and an increase of 12% compared with $4.313 billion in the previous quarter. Exceeded analysts' expectations. At the same time, revenue in the first quarter of fiscal year 2022 was approximately US $5 billion, fluctuating by US $100 million, a year-on-year increase of approximately 45% and a quarter-on-quarter increase of approximately 4%, which also exceeded analysts' expectations.</p><p>After the U.S. stock market closed on Tuesday, February 1, Eastern Time, AMD, the chip \"upstart\" of the S&P 500, announced its fourth quarter and full-year financial reports for fiscal year 2021 and its performance guidance for the first quarter of fiscal year 2022. The performance and expectations both exceeded Wall Street Analysts expect it to soar by more than 10% after hours, and AMD has fallen 22% this year.<img src=\"https://static.tigerbbs.com/4ff77cb66ff36afce015e6de33b1468f\" tg-width=\"791\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/></p><p>Compared with the strong performance of AMD's revenue surge of 54% in the third quarter, AMD still performed well in the fourth quarter, and its core financial indicators were better than expected. Specifically:</p><p><ul><li>Fourth-quarter adjusted EPS was $0.8, compared with analysts' expectations of $0.75.</li><li>Revenue in the fourth quarter was $4.826 billion, compared with analysts' expectations of $4.5 billion, a year-on-year increase of 49%. Among them, the revenue of the computing and graphics department was US $2.584 billion, a year-on-year increase of 32%; The Enterprise, Embedded and Semi-Custom segment generated revenue of $2,242 million, up 75% year-over-year.</li><li>Net income in the fourth quarter was $974 million, down 45% year-over-year.</li><li>Adjusted operating margin in the fourth quarter was 27%, compared with analysts' expectations of 24%.</li></ul><img src=\"https://static.tigerbbs.com/5132fb5efd1f569b1281f378bbdb0f26\" tg-width=\"853\" tg-height=\"535\" referrerpolicy=\"no-referrer\"/></p><p>Throughout fiscal 2021, AMD's performance metrics are as follows:</p><p><ul><li>Full-year 2021 revenue was US $16.4 billion, a year-on-year increase of 68%; Operating income was $3.6 billion and net income was $3.2 billion.</li><li>Adjusted EPS for the full year was $2.57.</li></ul><img src=\"https://static.tigerbbs.com/82e1990ef939c8a12b9faf441c4befd8\" tg-width=\"853\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/></p><p>The company's guidance for the first quarter of 2022 is as follows:</p><p><ul><li>It expects first-quarter revenue to be $5 billion (up or down $100 million), up 45% year-over-year and 4% quarter-over-quarter, ahead of analysts' expectations for revenue of $4.3 billion.</li><li>Non-GAAP gross margin is expected to be 50.5% in the first quarter, up from 50% in the fourth quarter.</li><li>Full-year 2022 revenue is expected to be $21.5 billion, up 31% year-over-year, far exceeding analysts' estimates of $19.3 billion in revenue.</li><li>Non-GAAP gross profit margin for the full year of 2022 is expected to be 51%, up from 48% in 2021.</li></ul>Meanwhile, AMD said it repurchased $756 million of common stock during the quarter. The company had $3.6 billion in cash and equivalents at the end of 2021.</p><p>AMD CEO Lisa Su affirmed her year's performance in a statement:</p><p>Each of our businesses has performed extremely well, with data center revenue doubling year-over-year, driven by cloud computing and increasing adoption of AMD EPYC processors by enterprise customers, and we expect another year of substantial growth in 2022 as we strengthen our current portfolio and launch our next generation PC, gaming and data center products. PC market demand in the fourth quarter was better than expected, demand was strong, and supply chain problems may be alleviated</p><p>Previously, analyst Harsh Kumar downgraded AMD last week amid concerns about a slowdown in the PC market. Piper Sandler targeted the stock at $130 after AMD topped $160 a few months ago.</p><p>However, PC market sales in the fourth quarter were better than Wall Street expected, not only in Microsoft's \"more personal computing\" business revenue, which increased by 15% year-on-year in its fourth-quarter financial report last week, but also in Apple's strong 25% year-on-year growth and record-high Mac revenue. Industry data also illustrates the problem. According to Canalys data, the PC industry will have strong sales in 2020 and 2021, with sales increasing 27% from 2019 to 341 million units.</p><p><img src=\"https://static.tigerbbs.com/45ec99278b9e50d086aaa93e70cee3a6\" tg-width=\"864\" tg-height=\"472\" referrerpolicy=\"no-referrer\"/></p><p>AMD gets a significant portion of its sales from CPUs sold to the PC space. The Computing and Graphics Division, which accommodates desktop and notebook processors, generated revenue of US $2.6 billion in the fourth quarter, a year-on-year increase of 32% and a quarter-on-quarter increase of 8%. Driven by the growth in sales of Ryzen, Radeon and AMD Instinct processors, client CPUs and GPU average selling price (ASP) increased both year-on-year and quarter-on-quarter.</p><p>Christopher Rolland, an analyst at Susquehanna Financial Group, expects solid results from AMD, driven by the PC and server segments. He expects AMD's forecast for 2022 to reflect slowing PC growth, but he sees strong strength on the server side. In addition, he believes that AMD's server processor sales can reach US $3 billion in 2021, a year-on-year increase of more than 100%.</p><p>The biggest risk facing tech stocks in 2022 is the normalization of business due to the easing of COVID-19 pandemic. The chip industry is facing the impact of a gradual slowdown in the normalized growth rate of PC sales this year, but as supply constraints hindered sales in the previous year, some analysts believe that AMD will not be greatly affected.</p><p>And supply chain issues may no longer be its limitation. In a conference call with analysts after Tuesday afternoon's earnings report, AMD's Su said that the company has been struggling to solve supply chain issues for the past four or five quarters, in terms of manufacturing capabilities and materials. Investments have been made. As a result, she believes the company expects to have sufficient capacity to meet its 2022 forecast demand.</p><p>Gross profit margin is expected to increase to more than 50% in the first quarter. Is AMD stock still a \"top choice\"?</p><p>Bank of America Global Research analyst Vivek Arya said he sees a \"small increase\" in both fourth-quarter results and AMD's first-quarter guidance. He believes that its gross profit margin forecast in the first quarter has increased to more than 50%, which is driven by the shift in its product structure to high-end servers and PC processors.</p><p>This month, Samsung officially released the new generation flagship processor Exynos 2200 developed jointly with AMD. This chip will bring hardware-level light tracing support to mobile phone chips for the first time, and GPU capabilities will be greatly improved.</p><p>Arya said AMD stock remains a \"top pick\" as it is likely to continue to gain market share. He noted that while tight supply remains a widespread problem in the chip industry, AMD has a healthy foundry partnership with Taiwan Semiconductor Manufacturing Plant (TSM).</p><p>Investors also seem to favor AMD. As of January 27 this year, Apple and AMD ranked among the top five most popular stocks in the U.S., according to VandaTrack. This also means that American retail investors are gradually abandoning \"bubble stocks\" and returning to blue chips in the broader market.</p><p>However, analyst KC Rajkumar of Lynx Equity Strategies is skeptical about the first-quarter forecast, saying:</p><p>AMD's risk-reward is already very complex and should be viewed with caution even at current levels, as the market no longer supports high-growth, high-multiple companies. In addition, it cannot be ignored that the veteran chip giant Intel is narrowing the gap with AMD in product design and process technology, and Intel is gradually catching up in high-end PC processors. Meanwhile, AMD's acquisition of Xilinx is still pending.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3651101\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c8c54a269ba0912cfc628c7621210f8a","relate_stocks":{"AMD":"美国超微公司","GFS":"GLOBALFOUNDRIES Inc."},"source_url":"https://wallstreetcn.com/articles/3651101","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"2208985359","content_text":"受服务器和个人电脑处理器的强劲需求推动，AMD第四季度营收为48.26亿美元，与上年同期的32.44亿美元相比增长49%，与上一季度的43.13亿美元相比增长12%，超出分析师预期。同时，2022财年第一季度营收约为50亿美元，上下浮动1亿美元，同比增长约45%，环比增长约4%，同样超出分析师预期。美东时间2月1日周二美股盘后，标普500成分股的芯片“新贵”AMD公布了2021财年第四季度、全年财报及2022财年第一季度业绩指引，业绩与预期都超过华尔街分析师预期，盘后飙涨超10%，今年以来AMD累跌22%。相较第三季度AMD收入暴涨54%的强劲表现，第四季度AMD依旧表现出彩，核心财务指标均好于预期，具体来看：第四季度调整后EPS为0.8美元，分析师预期0.75美元。第四季度收入48.26亿美元，分析师预期45亿美元，同比增长49%。其中，计算和图形部门的收入为25.84亿美元，同比增长32%；企业、嵌入式和半定制部门的收入为22.42亿美元，同比增长75%。第四季度净利润为9.74亿美元，同比下降45%。第四季度调整后运营利润率27%，分析师预期24%。纵观2021财年，AMD业绩指标如下：2021年全年收入为164亿美元，同比增长68%；营业收入为36亿美元，净收入为32亿美元。全年调整后EPS为2.57美元。公司2022年第一季度指引如下：预计第一季度营收为50亿美元（增减1亿美元），同比增长45%，环比增长4%，高于分析师预期收入43亿美元。预计第一季度非美国通用会计准则毛利率为50.5%，高于第四季度的50%。预计2022年全年收入为215亿美元，同比增长31%，远远超过分析师预期193亿美元的收入。预计2022全年非美国通用会计准则毛利率为51%，高于2021年的48%。同时，AMD表示其在本季度回购了7.56亿美元的普通股。该公司在2021年底拥有36亿美元的现金和等价物。AMD首席执行官Lisa Su在一份声明中肯定了其一年的业绩表现：我们的每项业务都表现得非常好，在云计算和企业客户越来越多地采用AMD EPYC处理器的推动下，数据中心的收入同比翻了一番，我们预计在2022年又是一个大幅增长的年份，因为我们正在加强我们目前的产品组合，并推出我们的下一代PC、游戏和数据中心产品。四季度PC市场需求好于预期，需求强劲，供应链问题或将得到缓解此前，由于担心PC市场放缓，分析师Harsh Kumar上周下调了AMD的评级。在AMD几个月前突破160美元后，Piper Sandler将该股目标定为130美元。然而，第四季度的PC市场销售好于华尔街预期，不仅仅在微软上周公布的第四季度财报中同比增长15%的“更多个人计算”业务收入，以及苹果强劲的同比增长25%并创新高的Mac收入就能看出。行业数据也同样说明问题，据Canalys的数据，PC行业在2020年和2021年的销量强劲，销量比2019年增长 27%，达到3.41亿台。AMD从销往PC领域的CPU中获得很大一部分销售额。容纳台式机和笔记本处理器的计算和图形事业部四季度收入为26亿美元，同比增长32%，环比增长8%，受到锐龙、镭龙和AMD Instinct处理器销量增长的推动，客户端CPU和GPU平均销价（ASP）同比和环比均增长。Susquehanna金融集团的分析师Christopher Rolland预计，在个人电脑和服务器领域的推动下，AMD将取得坚实的成果。他预计，AMD对2022年的预测将反映出个人电脑增长放缓，但他认为服务器方面会有强劲实力。此外，他认为AMD在2021年的服务器处理器销售额可以达到30亿美元，同比增长超过100%。2022年科技股面临的最大风险是新冠疫情缓解带来的业务正常化。芯片行业今年面临PC销售正常化增速逐步放缓的影响，但由于供应限制阻碍了上一年的销售，有分析认为AMD不会在很大程度上受到影响。而供应链问题或许不再成为其限制，在周二下午的财报后与分析师的电话会议上，AMD的Su表示，过去四五个季度该公司一直在努力解决供应链问题，在制造能力和材料方面都进行了投资。因此，她认为该公司预计有足够的产能来满足其2022年预测的需求。一季度毛利率预计提高到50%以上，AMD股票仍然是“顶级选择”么？美国银行Global Research分析师Vivek Arya表示，他认为第四季度的业绩和AMD第一季度的指引都有\"小幅增长\"。他认为其一季度毛利率预测提高到50%以上，是由其产品结构向高端服务器和PC处理器的转变所推动的。本月，三星正式发布了联手AMD研发的新一代旗舰处理器Exynos 2200，该芯片将首次为手机芯片带来硬件级光追支持，GPU能力将得到大幅提升。Arya表示AMD的股票仍然是一个 \"顶级选择\"，因为其有可能继续获得市场份额。他指出，虽然供应紧张仍然是芯片行业普遍存在的问题，但AMD与台湾半导体制造厂（TSM）有健康的代工合作关系。投资者似乎也对AMD青睐有佳。今年截至1月27日，根据VandaTrack的数据，苹果和AMD跻身美国最受欢迎的股票前五名。这也意味着，美国散户逐步抛弃“泡沫股”回归大盘蓝筹。然而，Lynx Equity Strategies的分析师KC Rajkumar对一季度预测持怀疑态度，他表示：AMD的风险回报已经非常复杂，即使在目前水平上也应该谨慎看待，因为市场不再支持高增长、高倍数的公司。此外，不容忽视的是老牌芯片巨头英特尔正在缩小与AMD在产品设计和工艺技术方面的差距，英特尔在高端PC处理器方面逐步赶上。同时，AMD对赛灵思的收购仍然悬而未决。","news_type":1,"symbols_score_info":{"AMD":1,"GFS":1}},"isVote":1,"tweetType":1,"viewCount":3096,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}