In today’s briefing:
- AMD. Doubling Down On AI Acceleration
- Charter Communications Inc.: Powering Ahead With These 3 Growth Catalysts! – Financial Forecasts
- SES AI Corp. – 2Q23 Results: Net Loss Reduced by $10.8 Million
- DexCom Inc.: New Innovations Driving The Way Forward! – Key Drivers
- Independence Contract Drilling, Inc. – Premium Rig Fleet Supports Deleveraging Goal
AMD. Doubling Down On AI Acceleration
- AMD reported Q2’23 revenues of $5.4 billion, $100 million above the guided midpoint, flat sequentially but down 18% YoY, largely attributable to weakness in their client segment revenues.
- Q3’23 revenue of $5.7 billion at the midpoint, a modest 5.5% increase sequentially and ~2.5% YoY.
- AMD has a lot riding on its MI300 launch but can it really take a bite from NVIDIA’s lunch?
Charter Communications Inc.: Powering Ahead With These 3 Growth Catalysts! – Financial Forecasts
- Charter Communications delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.
- The company attracted 77,000 new Internet users in the second quarter, and its Spectrum One product and network development plans continue to pay off.
- The overall number of mobile lines was over 6.6 million at the end of the second quarter.
SES AI Corp. – 2Q23 Results: Net Loss Reduced by $10.8 Million
By the end of 2023, the company plans to increase monthly production capacity to around 1,000 100Ah Li-Metal cells per month per line.
The company’s lines in Shanghai and South Korea make about 500 large 100Ah Li-Metal cells per month with one shift and it plans to add a second shift.
Earlier this year, the company announced B-sample line preparation, which is a dedicated B-sample EV cell for one of its customers.
DexCom Inc.: New Innovations Driving The Way Forward! – Key Drivers
- DexCom delivered an all-around beat in the previous quarter.
- The company generated another fantastic quarter, with organic revenue growing by 26% in the second quarter compared to the second quarter of 2022.
- As the availability of their products expands more quickly than at any other point in the company’s history, demand for DexCom CGM keeps rising.
Independence Contract Drilling, Inc. – Premium Rig Fleet Supports Deleveraging Goal
Despite turbulence affecting the 2Q23 and 3Q23 oilfield services markets, demand for ICD’s fleet of pad-optimal super- spec drilling rigs supports management’s ultimate goal of deleveraging the balance sheet and shifting value to equity owners.
ICD generated $18.7 million of adjusted EBITDA in 2Q23 from 15.0 average rigs earning revenue.
Margin per day averaged $15,462, landing in the high end of management’s $15,000-15,500 guidance range.
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