Advanced Micro Devices CEO Lisa Su mentioned in an analyst name that her firm’s good third-quarter outcomes and different progress exhibits, “We are right where we want to be on our long-term strategic plan.”
AMD reported earnings for the quarter ended September 30 that roughly matched Wall Street’s expectations for the maker of processors and graphics chips.
The massive chip maker introduced earnings per share was 18 cents on income of $1.eight billion. Analysts anticipated EPS of 18 cents on income of $1.81 billion. In after-hours buying and selling, AMD’s inventory worth is down 2.four% to $32.36 a share.
In an analyst name, Su mentioned that larger processor gross sales had been offset partly by decrease graphics channel gross sales for Radeon graphics processing items (GPUs).
“We delivered our highest quarterly revenue since 2005, our highest quarterly gross margin since 2012 and increased net income significantly…all driven by our first full quarter of 7 nanometer Ryzen, Radeon and Epyc processor sales,” Su mentioned.
She mentioned that demand for Ryzen desktop and pocket book processors drove a big improve in unit shipments and common promoting costs (ASP), ensuing within the highest consumer processor quarterly income since 2011. She mentioned the corporate gained consumer processor unit share for the eighth straight quarter in opposition to rival Intel, thanks to the architectural benefit AMD has with the Zen and Zen 2 chip designs.
AMD has made positive aspects with Ryzen in client, and it’s also increasing its presence in industrial, monetary, retail, schooling, and healthcare prospects. pu
“We are on track to expand our desktop product offerings in November with the launches of the industry’s first 16 core mainstream desktop processor as well our 3rd Generation Ryzen Threadripper processor family,” Su mentioned. “These merchandise will supply unmatched combos of core counts, efficiency vitality effectivity for essentially the most demanding high-end desktop and
content material creation purposes.”
Image Credit: AMD
Su mentioned the variety of AMD-powered laptops from main pc makers has elevated by 50 p.c this yr, together with a number of premium notebooks like the primary ever AMD-powered Microsoft Surface laptop computer.
For mainstream avid gamers, AMD started transport the Radeon RX 5500 GPU within the third quarter. Acer, HP, Lenovo and MSI introduced plans to supply the brand new GPU of their upcoming PCs and a number of add-in-board companions plan to launch RX 5500 playing cards throughout the fourth quarter.
Datacenter GPU gross sales had been down sequentially and roughly flat year-over-year, however Su mentioned AMD added a number of cloud and HPC wins within the quarter.
AMD provides chips to each Microsoft and Sony for his or her sport consoles, and Su mentioned there was softness in that market as these corporations wind down gross sales of the earlier technology and put together to launch new consoles in late 2020.
As for the information middle, AMD’s second-generation Epyc processors are the very best efficiency server CPUs within the business and have set greater than 100 world data, Su mentioned.
The latest Epyc processors function up to 64 cores and ship a 25% to 50% whole price of possession benefit versus aggressive choices, Su mentioned.
In cloud, Amazon AWS, IBM Cloud, Microsoft Azure, OVHcloud, Twitter, and Tencent all introduced plans to deploy Epyc processors of their knowledge facilities.
“We are right where we want to be on our long-term strategic plan,” Su mentioned. “We have the strongest product portfolio in our history. We executed our product launches and production ramps very well in the third quarter as our new products drove higher revenue, margin expansion and increased profitability.”