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The chipmaker forecast current quarter revenue in the range of $8.7 billion to $9.5 billion, compared with analysts' estimates of $9.55 billion, according to Refinitiv data. Its fiscal first quarter revenue dropped 12% year-on-year to $9.46 billion, below Wall Street expectation of $9.60 billion as Qualcomm also grapples with weak demand for smartphones and a supply glut. Smartphone chip firms including Apple supplier Qorvo (QRVO.O) forecast downbeat earnings as its customers continued to clear bloated inventory. Analysts at Cowen expect smartphone shipments will fall 4% this year as recovery in China demand will take some time following a big COVID-19 outbreak. It expects adjusted earnings per share to be between $2.05 and $2.25, compared to analysts expectations of $2.26 per share.

"AMD remained resilient and even made gains in their datacenter chips...against Intel," said Wayne Lam analyst at CCS Insight. Chief Executive Lisa Su said she was confident AMD will keep gaining market share this year and that the second half would be stronger than the first. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said on the earnings call. Analysts on average were expecting revenue of $5.50 billion, according to Refinitiv data. Analysts on average expected revenue of $5.48 billion, according to Refinitiv data.

Nov 16 (Reuters) - Chip designer and computing firm Nvidia Corp (NVDA.O) beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business on the back of rising cloud adoption. Data center revenue in the third quarter rose 31% from a year ago, while gaming revenue was down 51% from a year ago. Cloud companies are increasingly using Nvidia chips in their systems. read moreAnd Nvidia Chief Financial Officer Colette Kress said while the export restrictions impacted third-quarter revenue, the decline was "largely offset by sales of alternative products into China." Nvidia forecast current-quarter revenue at $6 billion, plus or minus 2%, versus expectation of $6.09 billion.

Nov 16 (Reuters) - Chip designer and computing firm Nvidia Corp (NVDA.O) beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business on the back of rising cloud adoption. Nvidia's A100 data center chip and ramp-up in its latest "Hopper" series H100 chip will help the company maintain momentum in the data center space, analysts said. Data center revenue in the third quarter rose 31% from a year ago, while gaming revenue was down 51% from a year ago. Analysts on average expect revenue of $6.09 billion, according to Refinitiv data. Analysts on average had expected revenue of $5.77 billion, according to Refinitiv data.

AMD forecast fourth-quarter and full-year revenue below Wall Street estimates, but Kinngai Chan, an analyst at Summit Insights Group, suggested investors had braced for worse. "While AMD's 4Q22 sales outlook was below consensus expectations, we believe investors are somewhat relieved that AMD expects its data center and embedded businesses to grow sequentially," Chan said. While AMD has been growing its market share quickly in the datacenter, rival Intel Corp.(INTC.O) has seen its share slip even in its latest earnings reported. Su added the North American cloud market was the most resilient of the data center market segments, though she did not expect significant recovery of the China data center market in 2023. While its Data Center revenue was $1.6 billion, up 45% year-on-year.

Nov 1 (Reuters) - Advanced Micro Devices Inc (AMD.O) on Tuesday forecast some strength in its data center business and promised to be careful with spending, sending shares up despite business being hit by a deepening PC market slump. AMD forecast fourth-quarter and full-year revenue below Wall Street estimates, but Kinngai Chan, an analyst at Summit Insights Group, suggested investors were braced for worse. "While AMD's 4Q22 sales outlook was below consensus expectations, we believe investors are somewhat relieved that AMD expects its data center and embedded businesses to grow sequentially," Chan said. She added that the North American cloud market was the most resilient of the data center market segments, though she did not expect significant recovery of the China data center market in 2023. While its Data Center revenue was $1.6 billion, up 45% year-on-year.

In its earnings release Intel said it was focused on driving $3 billion in cost reductions in 2023. So driving efficiency in the factory network is way more important to our economics than people cost," Gelsinger told Reuters, adding that adjustments of flexible workforces can be "quite immediate". "We believe its data center share loss should also moderate going into next year." PC shipments fell 15.5% in the third quarter, data from Counterpoint Research showed. Chipmakers have also come under pressure from concerns that the threat of a global recession could prompt clients from the more lucrative data center market to wind down spending.

Oct 27 (Reuters) - Chipmaker Intel Corp (INTC.O) on Thursday cut its full-year profit and revenue forecast and warned it would lay off staff, but a stronger-than-expected performance at its personal computers segment helped send shares higher. Intel also cut its capital spending forecast for this fiscal year to $25 billion from a previous forecast of $27 billion. Intel has been losing market share in the data center market and Gelsinger said it lost market share again in the third quarter. But he said Intel gained "meaningful" market share improvement in the PC segment in the third quarter. Intel trimmed its full-year adjusted earnings per share forecast to $1.95 from $2.30.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

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