AMD reported fourth-quarter earningsAfter Tuesday’s bell, earnings beat analyst expectations and provided a strong forecast for sales for 2022.

In extended trading, AMD stock rose by more than 4%

Below are the results of Refinitiv’s consensus estimations.

• EPS: $0.92, adjusted, versus $0.76 estimated
• Revenue: $4.83 billion, versus $4.53 billion estimated

AMD claimed it anticipates sales of $21.5 billion by 2022. That’s more than analysts expected at $19.26 billion. This would represent a 31% rise in sales over 2021.

AMD’s 2021 sales increased by 68% and its gross margin grew to 50%. That’s an increase of five percentage points over the previous year.

AMD is experiencing a boom in electronics and PC sales for the last two years. Recently, AMD released new chips. significant performance gainsThese are making it possible for the processor maker be challenged IntelThe largest supplier of computer chips is.

The AMD computing and graphics segment reported the sales, with a 32% rise to $2.6 million in revenue. AMD stated that Ryzen processors sales and Radeon graphics processing processor sales drove the sales and pointed out an increasing average selling price.

AMD also makes chips for game consoles and cloud servers. AMD claims that the server chip- and game consoles sales drove this segment to an increase of 75%, reaching $2.2 billion.

AMD announced previously its intentions to acquire Xilinix, a $35 billion deal that would increase the company’s ability to compete in the data center chip marketplace with Intel. According to the company, it received clearance from Chinese regulators for the transaction on Tuesday.

AMD stock had fallen 22% over the past year when markets close on Tuesday.

Correction: This article has been corrected to reflect correct analyst expectations in 2022 guidance.