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AMD: Q1 EPS in line with estimates

( - On Tuesday night AMD reported non-GAAP net profit that more than tripled to 222 million dollars for Q1 2020, or 18 cents per share, EPS which is in line with the consensus

The chipmaker saw its adjusted gross margin improve by five points to 46% for revenues that are up 40% at 1.

79 billion dollars, largely supported by its IT and graphics segment.

The Santa Clara (California) based group confirms that it is targeting sales growth of around 20%-30%, plus or minus 5%, as well as an adjusted gross margin of around 45% for the current year.

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