TMTB: AMD ALAB PINS ANET LITE First Takes

AMD +1%: Solid print with top line 3Q and 4Q guide above bogeys

3Q Revs: $9.25B vs street at $8.74B
4Q Revs: $9.3B -$9.9B vs street at $9.21B and bogeys of $9.4B+

PR sounds very positive and expect Lisa Su to sound bullish on the call as well as we head into the more important analyst day 11/11

“We delivered an outstanding quarter, with record revenue and profitability reflecting broad based demand for our high-performance EPYC and Ryzen processors and Instinct AI accelerators,” said Dr. Lisa Su, AMD chair and CEO. “Our record third quarter performance and strong fourth quarter guidance marks a clear step up in our growth trajectory as our expanding compute franchise and rapidly scaling data center AI business drive significant revenue and earnings growth.”

“We delivered record quarterly revenue of $9.2 billion, up 36% year-over-year, and generated record free cash flow, reflecting the strength of our leadership portfolio and disciplined execution,” said Jean Hu, AMD executive vice president, chief financial officer and treasurer. “Our continued investments in AI and high-performance computing are driving significant growth and position AMD to deliver long-term value creation.”

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ALAB +6%: Another great print with 3Q and 4Q revs coming in above bogeys

3Q Revs $231M vs street at $207M, above bogeys of $225M…11.5% beat in line with last quarter’s beat

4Q Revs $245M - $253M vs street at $215M, significantly above bogeys of 235M

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PINS -15%: Q3 Inline but Q4 revs and EBITDA lighter despite low expectations into the print