AMD and Super Micro Add More Than $50 Billion in Market Value After Strong Earnings
Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) added more than $50 billion in combined market value during after-hours trading following the release of their latest financial results, according to figures shared by Coin Bureau.
AMD reported record third-quarter sales of $13.4 billion and projected revenue of approximately $17 billion for the next quarter, representing a 66% increase from the same period a year earlier. Its shares climbed as much as 7% in after-hours trading.
Super Micro Computer also recorded substantial quarterly revenue, generating $19.9 billion in a single quarter. That figure was nearly equal to the company's entire markets value of $20.6 billion, according to the figures cited in the post. SMCI shares rose as much as 8.6% after the market closed.
AMD Reports Record Quarterly Sales
AMD's third-quarter sales reached a record $13.4 billion, marking a significant revenue milestone for the semiconductor company. Its outlook also pointed to continued year-over-year growth, with management expecting approximately $17 billion in sales during the following quarter.
The projected revenue would represent a 66% increase compared with the corresponding quarter a year earlier. The combination of record quarterly sales and the company's revenue forecast accompanied a rise of as much as 7% in AMD shares during after-hours trading.
The figures highlight the scale of AMD's reported quarterly performance and its expectations for the next reporting period. However, the information shared by Coin Bureau does not provide a breakdown of revenue by business segment or identify the specific factors behind the projected increase.
Super Micro Reports $19.9 Billion in Quarterly Revenue
Super Micro Computer reported $19.9 billion in revenue for one quarter, a figure that stood close to its cited market value of $20.6 billion. The comparison illustrates the scale of the company's reported quarterly sales relative to its overall equity market valuation.
SMCI shares advanced as much as 8.6% in after-hours trading following the reported results. Together with AMD's gains, the moves contributed to more than $50 billion in additional market value for the two companies, according to Coin Bureau.
The reported figures cover two companies with substantial quarterly revenue: AMD's record $13.4 billion in third-quarter sales and Super Micro's $19.9 billion in quarterly revenue. AMD also projected approximately $17 billion in sales for the next quarter, up 66% year over year.
Coin Bureau reported that AMD and Super Micro's combined market value increased by more than $50 billion after hours, with their shares rising as much as 7% and 8.6%, respectively.