Welcome to our dedicated page for Advanced Micro Devices news (Ticker: AMD), a resource for investors and traders seeking the latest updates and insights on Advanced Micro Devices stock.
Advanced Micro Devices, Inc. (NASDAQ: AMD), headquartered in Santa Clara, California, is a pioneering multinational semiconductor company specializing in the development of high-performance CPUs, GPUs, and related technologies for both business and consumer markets. AMD designs advanced digital semiconductors for diverse applications, including PCs, gaming consoles, data centers, industrial, and automotive sectors. Historically known for its innovations in CPUs and GPUs, AMD's technology powers devices ranging from personal computers to the high-performing game consoles of Sony PlayStation and Microsoft Xbox.
In 2022, AMD made a strategic acquisition of Xilinx, known for its leadership in field-programmable gate arrays (FPGAs), broadening AMD's product offerings and market opportunities, particularly in data centers and automotive industries. The integration of Xilinx has fortified AMD's portfolio, enabling the delivery of adaptive and scalable solutions.
AMD's first-quarter financial results for 2024 highlighted a revenue of $5.5 billion, a gross margin of 47%, and operating income of $36 million. The non-GAAP gross margin stood at 52%, with a net income of $1.0 billion and diluted earnings per share of $0.62. Significant year-over-year growth in the Data Center and Client segments, driven by the adoption of Ryzen and EPYC processors and the ramp of MI300 AI accelerators, underpinned these results.
Notable achievements include record revenue in the Data Center segment, which saw an 80% year-over-year increase, and a robust portfolio expansion with the launch of new AI solutions for various markets. AMD's partnerships with tech giants like Lenovo, Dell Technologies, and Supermicro underscore its commitment to advancing AI capabilities across cloud, enterprise, and embedded systems. The introduction of the AMD Ryzen PRO and Versal Series Gen 2 devices further showcases AMD's innovation in AI and edge computing.
AMD's outlook for the second quarter of 2024 projects a revenue of approximately $5.7 billion, with continued growth and margin improvement on the horizon. The company remains focused on leveraging AI opportunities to drive future growth.
In recent developments, AMD's collaboration with Optiver highlights the deployment of AMD's high-performance compute solutions, including EPYC CPUs and Alveo accelerators, to enhance financial market infrastructures. Furthermore, AMD's recognition with the IEEE Corporate Innovation Award reflects its pioneering work in chiplet architecture and high-performance computing, emphasizing its leadership in the semiconductor industry.
AMD has launched the Ryzen Z1 Series processors, specifically designed for handheld PC gaming consoles, featuring the Ryzen Z1 and Ryzen Z1 Extreme models. These processors utilize AMD RDNA 3 architecture to deliver high performance and exceptional battery life. The Ryzen Z1 Extreme offers 8 cores and 16 threads, while the Ryzen Z1 features 6 cores and 12 threads. Both models support USB4 connectivity and LPDDR5/LPDDR5X memory standards. The first device incorporating these processors is the Asus ROG Ally, with more details on availability set to be announced on May 11, 2023. AMD aims to enhance gaming experiences by providing seamless access to hundreds of PC games through Xbox Game Pass Ultimate.
AMD has introduced the Ryzen Embedded 5000 Series, designed for power-efficient processing in networking applications. Built on 7nm technology, these processors feature up to 16 cores, 24 lanes of PCIe Gen4, and a thermal design power (TDP) ranging from 65W to 105W, ensuring reliable performance for security and networking systems. This new series complements AMD's existing product lines, emphasizing scalability and energy efficiency. The Ryzen Embedded family boasts a five-year manufacturing availability, providing long-term support for customers. Industry analysts highlight the series' balance of power and efficiency, catering to a diverse range of embedded applications. With features like ECC memory support, the processors are positioned to meet the stringent demands of enterprise reliability.
SAP SE (NYSE: SAP) announced on April 19, 2023, that AMD (NASDAQ: AMD) has successfully migrated to SAP S/4HANA® Cloud, marking a significant milestone in their long-standing partnership. This migration is integral to AMD's digital transformation strategy, consolidating their operations onto a single enterprise platform. AMD's use of SAP solutions like Ariba, Signavio, and SuccessFactors has driven this transition, aiming to enhance productivity and innovation. RISE with SAP will streamline AMD's infrastructure and support improvements in intelligent spending, human experience management, and digital supply chain capabilities. AMD aims to future-proof its business through this integration, leveraging exceptional performance from its EPYC™ server processors.
AMD (NASDAQ: AMD) is set to report its fiscal first quarter 2023 financial results on May 2, 2023, post-market close. A conference call will follow at 5:00 p.m. ET to discuss these outcomes. Interested participants can access the live webcast via AMD's Investor Relations website.
AMD has been a pioneer in high-performance computing, graphics, and visualization technologies for over 50 years, providing essential solutions to billions of users globally, including Fortune 500 companies and prominent research institutions. To learn more about AMD's innovative offerings, visit their official website or social media platforms.
AMD has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, enhancing its market position by collaborating with AWS Partners. This co-sell initiative aims to connect AMD with AWS sales, facilitating access to resources, reduced listing fees, and incentives for AWS sales teams. The program enables AMD to showcase its EPYC™ processors, which offer superior price-performance ratios, with up to 65% better performance compared to standard options. Additionally, AMD's solutions will be integrated across AWS's vast infrastructure, including 23 regions and 70 availability zones, ensuring broad customer adoption. AMD underwent rigorous evaluations for program acceptance, emphasizing its commitment to quality and customer satisfaction.
The AMD Radeon PRO W7000 Series graphics cards have been unveiled, featuring advanced AMD RDNA 3 architecture, delivering enhanced performance and efficiency for professional workloads. The flagship AMD Radeon PRO W7900 boasts 61 TFLOPS of peak single precision performance and 48GB of GDDR6 memory, providing a 1.5X performance increase over the previous generation. The W7800 model supports 45 TFLOPS with 32GB of memory. Both cards integrate AMD's innovative chiplet design and the Radiance Display Engine with DisplayPort 2.1, ensuring superior visual fidelity and multi-tasking capabilities. Pricing starts at $3,999 for the W7900 and $2,499 for the W7800, with availability expected in Q2 2023.
AMD announced the launch of the Alveo MA35D media accelerator, a purpose-built video processing unit that enhances live interactive streaming services. This accelerator supports AV1 compression and features two 5nm ASIC-based VPUs, delivering up to 32x 1080p60 streams per card. The MA35D offers significant improvements over its predecessor, the Alveo U30, with 4x higher channel density, 4x lower latency in 4K, and 1.8x greater compression efficiency. Designed to minimize infrastructure costs, it enables high-volume streaming while maintaining low power consumption. The product is currently sampling, with production shipments anticipated in Q3 2023, supported by an Early Access Program for developers. This innovation positions AMD to capitalize on the growing demand for immersive live content.
AMD and Samsung Electronics have extended their multi-year agreement to integrate AMD Radeon graphics technology into Samsung's Exynos System-on-Chip (SoC) portfolio. This partnership aims to enhance mobile gaming experiences by delivering console-level graphics performance while maintaining low power consumption. The collaboration builds on their previous work, which began in 2019, and has already led to innovations such as the Xclipse GPU featuring AMD's RDNA 2 architecture, enabling hardware-accelerated ray tracing for mobile devices. The extension signifies a strong commitment from both companies to advance mobile graphics technology.
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