Advanced Micro Devices (AMD - Free Report) fourth-quarter 2019 results, set to be released on Jan 28, are likely to reflect robust demand for graphic processor units (GPUs), which are now widely utilized in industries like gaming, automotive and blockchain.
Moreover, seasonal uptick in holiday season and robust sales of Ryzen, Radeon and EPYC products are expected to have driven the top line in the to-be-reported quarter.
Notably, strength in Computing and Graphics segment drove year-over-year improvement in the third quarter, amid softness in Enterprise, Embedded and Semi-Custom vertical, a trend that is likely to have continued in the fourth quarter.
Notably, the Zacks Consensus Estimate for computing and graphics segment for the fourth quarter is pegged at $1.536 billion, indicating an increase of 63.5% from the year-ago quarter reported figure.
Moreover, the consensus mark for Enterprise, Embedded and Semi-Custom segment for the fourth quarter is pegged at $566 million, indicating an upside of 8.6% from the year-ago quarter reported figure.
Click here to know how the company’s overall Q4 performance is expected to be.
Advanced Micro Devices, Inc. Price and EPS Surprise