Superior Micro Units (AMD) outcomes – shares popped a little bit

Superior Micro Units (AMD) outcomes:

• Adjusted EPS: $zero.48, barely under the road’s $zero.49 estimate

• Income: $7.69 billion, above the forecast of $7.40 billion

• $800 million in stock and associated prices had been recorded as a result of U.S. export controls

Steering:

• Income: $eight.7 billion for Q3, forward of expectations at $eight.31 billion

• Gross Margin: Q3 GAAP gross margin projected at ~54%

• Income Outlook: Present forecast excludes any income from MI308 AI chip shipments to China as a result of ongoing regulatory uncertainty

AMD shares rose circa 2% following the discharge.

This text was written by Aaron Cutchburt at investinglive.com.