The two core companies in the PC industry, Intel and AMD, have both released their Q2 quarterly earnings reports. Although Intel’s revenue fell for the first time in 30 years, AMD’s revenue soared 70% and its operating profit hit a record. The family is about to face the same fate, and PC sales are declining.
After AMD released its dazzling financial report, AMD’s stock price fell as well as Intel’s financial report. AMD’s stock price fell 6.59% after the market. The current market value is $156.1 billion, and Intel’s market value is $161.7 billion. The latter has come back again. .
The direct reason for the decline in AMD’s stock price is AMD’s Q3 revenue guidance, which is expected to be $6.7 billion, plus or minus $200 million, an increase of about 55% year-on-year, slightly lower than analyst expectations.
Just that the growth rate has fallen from 70% in the first two quarters to 55%, the stock price can plummet, and the capital market is so ruthless.
AMD CEO Su Zifeng also mentioned the key to their revenue reduction, that is, the decline in PC sales. AMD’s data center processor business will still grow in Q3, but the PC market is more conservative.
Su Zifeng said that in the previous quarter, AMD believed that the decline in the PC business was in the high single digits, but now the view is that the decline was even more, reaching mid-teens (mid-teens, which can be understood as a decline of more than 15%). point).
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