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AMD 2Q 2020 Earnings Result

19 points by marc__1 6y ago

marc__1 6y ago
Revenue was $1.93 billion, up 26 percent year-over-year primarily driven by higher Computing and Graphics segment revenue. Revenue was up 8 percent quarter-over-quarter primarily driven by higher Enterprise, Embedded and Semi-Custom segment revenue. Computing and Graphics segment revenue was $1.37 billion, up 45 percent year-over-year and down 5 percent quarter-over-quarter. Revenue was higher year-over-year driven by strong Ryzen processor sales. The quarter-over-quarter decline was due to lower graphics processor sales. For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom products. AMD expects non-GAAP gross margin to be approximately 44 percent in the third quarter of 2020. Gross margin is expected to increase year-over-year primarily driven by Ryzen and EPYC processor sales.
nabla9 6y ago
Q2 2020 GAAP AMD INTC ---------------------------- Revenue $1.93 $19.7 Gross Margin 44% 53.3% op. income $0.173 $5.7 net income $0.157 $5.1 (billions) AMD has room to grow. https://www.intc.com/investor-relations/investor-education-and-news/investor-news/press-release-details/2020/Intel-Reports-Second-Quarter-2020-Financial-Results/ https://www.intc.com/investor-relations/investor-education-a...
- ksec 6y ago
  Up ~10% after closing. ~165 P/E, or ~120 Forward P/E. Relatively little to show for in the Enterprise Market. Considering this quarter even Intel manage to grow 43% YoY in their DataCenter Market Segment, AMD with a much better offering, very low Baseline ( Last year it was still Zen 1 ) only managed to double their EPYC Revenue YoY. AMD claiming they have finally reached 10% of Server Market Shipment. It is good, but not good enough. Market seems to be buying Intel is dying rather than AMD is doing great. I just hope they have their Zen 3, RDNA2, CDNA all well planned out.
mpfundstein 6y ago
last weekend, AMD stock prize rose by 25%. completely saving my portfolio... :p anyone any idea why? are they finally attacking Nvidia on the ML front? (one can hope)
- boojums 6y ago
  I would guess that was in part driven by Intel announcing the delay of 7nm products to 2023.
  - sushshshsh 6y ago
    This, but more precisely, people buying AMD stock while assuming that AMD will realize a higher profit and deliver more value to investors as a result of it being able to win some of Intel's customers, who are leaving because of the delays and issues Intel is having in fulfilling customers' computing needs :)
- deleted 6y ago
  [deleted]

19 points by marc__1 6y ago

Revenue was $1.93 billion, up 26 percent year-over-year primarily driven by higher Computing and Graphics segment revenue. Revenue was up 8 percent quarter-over-quarter primarily driven by higher Enterprise, Embedded and Semi-Custom segment revenue. Computing and Graphics segment revenue was $1.37 billion, up 45 percent year-over-year and down 5 percent quarter-over-quarter. Revenue was higher year-over-year driven by strong Ryzen processor sales. The quarter-over-quarter decline was due to lower graphics processor sales. For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom products. AMD expects non-GAAP gross margin to be approximately 44 percent in the third quarter of 2020. Gross margin is expected to increase year-over-year primarily driven by Ryzen and EPYC processor sales.

nabla9 6y ago

Q2 2020 GAAP AMD INTC ---------------------------- Revenue $1.93 $19.7 Gross Margin 44% 53.3% op. income $0.173 $5.7 net income $0.157 $5.1 (billions) AMD has room to grow. https://www.intc.com/investor-relations/investor-education-and-news/investor-news/press-release-details/2020/Intel-Reports-Second-Quarter-2020-Financial-Results/ https://www.intc.com/investor-relations/investor-education-a...

ksec 6y ago
Up ~10% after closing. ~165 P/E, or ~120 Forward P/E. Relatively little to show for in the Enterprise Market. Considering this quarter even Intel manage to grow 43% YoY in their DataCenter Market Segment, AMD with a much better offering, very low Baseline ( Last year it was still Zen 1 ) only managed to double their EPYC Revenue YoY. AMD claiming they have finally reached 10% of Server Market Shipment. It is good, but not good enough. Market seems to be buying Intel is dying rather than AMD is doing great. I just hope they have their Zen 3, RDNA2, CDNA all well planned out.

mpfundstein 6y ago

last weekend, AMD stock prize rose by 25%. completely saving my portfolio... :p anyone any idea why? are they finally attacking Nvidia on the ML front? (one can hope)

boojums 6y ago
I would guess that was in part driven by Intel announcing the delay of 7nm products to 2023.
- sushshshsh 6y ago
  This, but more precisely, people buying AMD stock while assuming that AMD will realize a higher profit and deliver more value to investors as a result of it being able to win some of Intel's customers, who are leaving because of the delays and issues Intel is having in fulfilling customers' computing needs :)
deleted 6y ago
[deleted]