Items tagged with earnings report
Intel continues to embark on a major turnaround effort that began under the guidance of former CEO Pat Gelsinger and is now the responsibility of his recently appointed replacement, Lip-Bu Tan. It will take some time to assess Tan's performance as head of Intel. In the meantime, Intel posted financial results for the...
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Investors are fickle bunch and if you need proof of this, just look at AMD's share price this morning. It's down by more than 10% in early hours trading, despite AMD posting a monster quarter (another one) with a record $7.7 billion in revenue, along with massive gains in the data center—up 69% year-over-year for the...
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Intel posted its first earnings report since Pat Gelsinger retired from his post as Chief Executive Officer, and it largely shows the continued efforts of a major restructuring strategy that began before he left. For example, fourth quarter revenue declined 7% year-over-year to $14.3 billion, while the full year tally...
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When PC gaming saw a resurgence, NVIDIA made bank. Then when cryptocurrency mining on GPUs became a popular thing, NVIDIA made more bank. And now? NVIDIA is riding the next wave in tech, which is artificial intelligence, to its biggest earnings ever at $35.08 billion in revenue for yet another record quarter bolstered...
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Shares of Intel spiked in aftermarket trading hours last night and remains up (by more than 5.5%) early this morning, as investors are focused on the future and not the $16.6 billion loss that Intel reported for its third quarter of 2024, its biggest quarterly loss ever. The reason? A loss wasn't unexpected on the...
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You might not know it by looking at AMD's stock price this morning (more on that later), but the company is coming off its biggest-performing quarter, with third-quarter revenue tallying $6.8 billion. That's an 18% increase year-over-year and a 17% jump sequentially. This led to a monster gain in net income (profit)...
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NVIDIA has served up yet another record quarter, as revealed in its latest earnings release that reflects $30 million in revenue for the three-month period ended July 28, 2024. That's up 15% sequentially and 122% compared to a year ago. Not unexpectedly, it was more record performance in NVIDIA's Data Center division...
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Only the Bureau of Engraving and Printing, a division of the Department of the Treasury, is allowed to print money in the United States. Coming in a close second, however, NVIDIA prints designs primarily for GPU hardware, which might as well be a license to print money in the burgeoning era of artificial intelligence...
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Qualcomm has reason to strut around like a peacock after posting its latest earnings report, which reflected just shy of $9.3 billion in revenue for the second quarter of 2024, and net income of $2.3 billion. While the former is just a 1% jump from the same quarter a year ago, Qualcomm's net income is up...
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As the era of AI computing begins to unfold in earnest, AMD was able to achieve record sales in its data center business, which grew a whopping 80% year-over-year to $2.34 billion in the first quarter of 2024 (and a more modest 2% sequentially). The big uptick in data center dollars helped AMD weather declining sales...
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The results are in for Intel's first quarter earnings and while investors sent the stock sliding in after hours trading on a soft Q3 outlook, the chip maker remains confident in its position. We'll get to that in a moment, but first let's discuss how Intel fared in the first quarter, both overall and among its...
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It wasn’t that long ago when NVIDIA found lightning in a bottle with the cryptocurrency boom, which saw demand for its GPUs skyrocket beyond gaming and into a red hot mining market. Then came the crypto crash and, along with it, concerns about how NVIDIA would bounce back amid sagging GPU sales. NVIDIA found its...
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All things considered, AMD ended its fiscal year on a high note with its fourth quarter (of 2023) revenue coming in at $6.2 billion, for a quarterly profit of $667 million. For the full year, AMD reported revenue of $22.7 billion, with net income tallying $854 million. The figures are largely the result of impressive...
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NVIDIA has found its golden goose in AI chip design, which contributed heavily to another massive spike in revenue during the company's third quarter of fiscal 2024—it tripled year-over-year to $18.12 billion. That's also a sizable 34% gain from the previous quarter and a new quarterly revenue record, and it led to a...
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Apple posted financial results for its fiscal 2023 fourth quarter (for the period ending September 30, 2023), with CEO Tim Cook boasting an all-time high in Services revenue and a quarterly high in iPhone sales. Along with its other product offerings, Apple generated a cool $89.5 billion for the quarter, resulting in...
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NVIDIA's stock price is surging (again) in pre-market trading hours in reaction to the company posting its latest earnings report and future outlook. For NVIDIA's fiscal first quarter for the three-month period ended April 30, 2023, the GPU firm's revenue hit $7.19 billion, which is down 13 percent from a year ago but...
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Investors are upbeat following NVIDIA's fourth quarter and fiscal 2023 financial results, with the company's share price surging after it beat out Wall Street's expectations. That's a despite a 21 percent year-over-year drop in quarterly revenue to $6.05 billion and a massive 46 percent decline in gaming revenue to...
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During an earnings call with analysts, AMD CEO Dr. Su noted, "We remain very bullish about our data center business," and it's easy to see why. Just days after rival Intel posted a brutal earnings report in which it suffered one of its biggest quarterly losses in history and a 20 percent drop in full-year revenue, AMD...
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It was right around two years ago when Pat Gelsinger took the reins as Chief Executive Officer of Intel, replacing Bob Swan and returning to a company he first joined at just 18 years old before moving on 30 years later. During the past two years, he's made big and bold promises as he attempts to right the ship. There...
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NVIDIA disclosed its financial results for its third quarter of fiscal 2023, and revealed within its earnings report is a 17 percent year-over-year decline in revenue to $5.93 billion. That's also a 12 percent drop sequentially. Much of that can be attributed to "lower GPU sales for both desktops and laptops," which...
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Aside from death and taxes, one thing we could typically count on is that come hell or high water, Intel would post gains in each and every one of its earnings reports. That's been the case for decades...until now. Amid a challenging economic environment (for a number of reasons), Intel reported a 22 percent...
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NVIDIA continues to generate record revenue from its two biggest earners, those being its data center and gaming divisions, and in that order for the first time that we're aware of. They combined to help propel NVIDIA's first quarter earnings for its fiscal 2023 period to $8.29 billion, the most it's ever accumulated...
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