In today’s briefing:
- Advanced Micro Devices Inc. (AMD): Growth Opportunities in Data Center CPU & Artificial Intelligence (AI) – Major Drivers
- Corning Incorporated: Are The Returns On Its Display Business Good Enough? – Major Drivers
- Gartner Inc.: Increasing Interest In Artificial Intelligence (AI) & Its Expected Impact On The Top-Line! – Major Drivers
- Mastercard Incorporated: Cross-Border Travel and Consumer Behaviors Impact! – Major Drivers
- Pinterest Inc.: Operating On A Niche In The Digital Advertising Ecosystem! – Major Drivers
- Qualcomm Incorporated: Will The Solid Momentum in Augmented and Virtual Reality Last? – Major Drivers
- Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! – Major Drivers
- Super Micro Computer Inc.: Role of AI and Green Computing in Market Leadership! – Major Drivers
- Zebra Technologies Corporation: Will The Growth In Asia Market
Advanced Micro Devices Inc. (AMD): Growth Opportunities in Data Center CPU & Artificial Intelligence (AI) – Major Drivers
- In the first quarter of 2024, Advanced Micro Devices (AMD), under the chairmanship and CEO-ship of Dr.
- Lisa Su, achieved multiple milestones.
- Revenue rose to $5.5 billion, showing both quarter over-quarter and year-over-year growth, while the company’s gross margin expanded by more than 2 percentage points; they also saw enhanced profitability with Data Center and Client segment sales each growing by over 80% year-over-year.
Corning Incorporated: Are The Returns On Its Display Business Good Enough? – Major Drivers
- Based on the Q1 2024 earnings, Corning Incorporated appears to be in a position of growth and profitability.
- With sales close to $3.3 billion and EPS of $0.38, the company exceeds its guidance predictions.
- There was a year-over-year gross margin growth of 160 basis points to 36.8%, and a substantial improvement in free cash flow by $300 million.
Gartner Inc.: Increasing Interest In Artificial Intelligence (AI) & Its Expected Impact On The Top-Line! – Major Drivers
- In Q1 2024, Gartner delivered strong profitability and free cash flow, which both surpassed expectations, leading the company to increase its guidance for the year.
- The company proved its resilience in what’s described as a “complex environment”, with contract value growth in the high single digits.
- However, there remain several challenges to face.
Mastercard Incorporated: Cross-Border Travel and Consumer Behaviors Impact! – Major Drivers
- Mastercard Inc.’s Q1 2024 earnings showcased the company’s firm position in the payments sector, underpinned by robust revenue and adjusted net income growth on a non-GAAP, currency-neutral basis.
- The company’s strong results go beyond the uptake in consumer spending, extending to the rapid growth in cross-border volumes.
- There are several factors at play that make Mastercard attractive from an investment standpoint.
Pinterest Inc.: Operating On A Niche In The Digital Advertising Ecosystem! – Major Drivers
- Pinterest reported healthy growth trends with bright prospects, although there are challenges and areas in need of improvement, making an investment thesis mix of cautious optimism and risk mitigation.
- Positively, Pinterest revealed impressive progress in terms of both user engagement and operational efficiency.
- The platform has surpassed 500 million global Monthly Active Users (MAUs) for the first time, increasing by 12%, marking its seventh quarter of consecutive acceleration.
Qualcomm Incorporated: Will The Solid Momentum in Augmented and Virtual Reality Last? – Major Drivers
- The Qualcomm Inc. second quarter 2024 earnings focused on recent achievements and future expectations.
- The company reported non-GAAP revenues of $9.4 billion, surpassing its guidance, with chipset business revenues of $8 billion, on the strength of Android smartphones and automotive momentum.
- Underpinned by its technology leadership, Qualcomm expects to continue growing in both the mobile and automotive markets.
Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! – Major Drivers
- Skyworks Solutions Inc. management shared both encouraging and concerning updates in its recent earnings.
- On the positive side, the company demonstrated solid financial performance in the second fiscal quarter of 2024, including revenue of $1.046 billion, earnings per share of $1.55, and generation of $300 million in operating cash flow.
- The company sees significant opportunities in the edge IoT market with a robust design win pipeline for WiFi 6E and WiFi 7, indicating a possible multiyear upgrade cycle.
Super Micro Computer Inc.: Role of AI and Green Computing in Market Leadership! – Major Drivers
- In the latest Q3 2024, the Super Micro Computer management shared about its ongoing growth and mentioned that the strong results reflect the increasing demand for their rack-scale plug and play total ai solutions.
- For the quarter, the firm achieved record-breaking revenues of $3.85 billion, a year-on-year increase of 200% and non-GAAP earnings per share of $6.65, a 308% YoY increase.
- Super Micro anticipates AI growth over many quarters, if not years, based on its financial performance and market trends, which is positive for the firm.
Zebra Technologies Corporation: Will The Growth In Asia Market
- Zebra Technologies Corporation’s first quarter financial performance for 2024 has been impacted by ongoing softness across many markets and regions.
- Due to this, Zebra has experienced a double-digit decline in sales and profitability.
- However, the company noted a gradual recovery in demand and was encouraged by a surge in large order activity, positively influencing the quarter.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
