Advanced Micro Devices Inc forecast third-quarter revenue below Wall Street esti...
) PlayStation 4 as both are considered out of date. Next-generation devices are expected to launch next year and will be powered by AMD chips.
The company also trimmed its 2019 revenue forecast to grow at a mid-single digit percentage, rather than high-single digits seen earlier as growth in its Ryzen, EPYC and Radeon processors offset lower-than-expected semi-custom revenue. AMD expects revenue of about $1.8 billion, plus or minus $50 million for the three months ending September. Analysts on average had expected revenue of $1.95 billion, according to IBES data from Refinitiv. [nGNX6SHpJ4]
AMD said it saw some uncertainties across its supply chain driven by tariffs, trade concerns and the U.S. entities list.
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