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 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.
AMD has announced the appointment of Jack Huynh as the new senior vice president and general manager of Computing and Graphics, succeeding Rick Bergman, who is retiring. Huynh, a veteran of over 24 years at AMD, will oversee the company's semi-custom business and report to CEO Dr. Lisa Su. The management change highlights AMD's focus on long-term growth opportunities within the Computing and Graphics segment, aiming to leverage high-performance CPU and GPU capabilities while enhancing their gaming solutions. Bergman will assist during the transition until the end of Q2 2023.
AMD (NASDAQ: AMD) will host its Annual Meeting of Stockholders on May 18, 2023, at 9 a.m. PDT, accessible virtually. Interested parties can attend via this link. Key voting matters are detailed in AMD's 2023 Proxy Statement filed with the U.S. SEC and can be reviewed alongside the Annual Report at ir.amd.com.
Real-time audio of the meeting will be available at the same link, with a replay accessible 24 hours post-event for up to one year.
AMD has introduced the EPYC Embedded 9004 Series processors at Embedded World 2023, emphasizing their energy efficiency and performance for embedded systems. Built on the 5nm 'Zen 4' architecture, these processors range from 16 to 96 cores with a thermal design power (TDP) between 200W and 400W. Key features include enhanced security and scalability, making them suitable for applications like embedded networking and industrial edge servers. Initial deployments include Siemens and Advantech, highlighting their reliability and power efficiency. Production shipments are expected to start in April 2023.
AMD has appointed five industry experts as Corporate Fellows, recognizing their significant contributions to semiconductor innovation. The honorees include:
- David Blythe: Former Intel GPU architect with over 30 years in graphics architecture.
- Nathan Kalyanasundharam: Expert in modular design, instrumental in AMD Infinity Fabric™ and the Frontier supercomputer.
- Suresh Ramalingam: Specialist in advanced packaging techniques, focusing on 2.5D and 3D technologies.
- Ben Sander: AMD veteran, co-founder of Radeon Open Compute (ROCm™) project.
- Ralph Wittig: AI and machine learning expert with over 25 years at Xilinx.
This initiative aims to enhance AMD's innovative edge in high-performance computing.
AMD (NASDAQ: AMD) announced the formation of a Telco Solutions testing lab in collaboration with VIAVI, enhancing its 5G partner ecosystem which has doubled in the past year. The testing lab aims to support telco operators by validating and scaling computing resources for RAN and edge-to-core requirements. Additionally, AMD introduced new Zynq UltraScale+ RFSoC devices designed for emerging 4G/5G markets, optimizing performance and energy efficiency. The collaboration with Nokia focuses on using 4th Gen AMD EPYC processors to enhance Cloud RAN solutions, addressing energy efficiency in 5G networks. AMD will showcase these innovations at MWC Barcelona 2023.
AMD (NASDAQ: AMD) will have Mark Papermaster, CTO and Executive VP, present at the Morgan Stanley Technology, Media and Telecom Conference on March 6, 2023, at 11:35 a.m. EST. A live webcast of the presentation will be available on AMD's Investor Relations website, with a replay accessible for one year post-event. This conference highlights AMD's commitment to innovation in high-performance computing and graphics technology. As a leader in the tech industry for over 50 years, AMD continues to enhance everyday life through its advanced products.
AMD reported a record revenue of $23.6 billion for the full year 2022, marking a 44% year-over-year increase. In Q4 2022, revenue reached $5.6 billion, up 16% year-over-year, despite a gross margin decline to 43%. Operating loss was $149 million for Q4, significantly down from $1.2 billion profit a year prior. The full-year net income was $1.3 billion, down 58% from 2021. Non-GAAP metrics showed resilience, with a non-GAAP net income of $5.5 billion and a non-GAAP EPS of $3.50. AMD continues to focus on strengthening its data center business, fueled by the acquisition of Xilinx.
AMD has announced its collaboration with DENSO Corporation to power a next-generation LiDAR platform utilizing the Xilinx Automotive Zynq UltraScale+ MPSoC. This platform aims for over 20X resolution improvement with low latency, enhancing precision in detecting objects like pedestrians and vehicles. The LiDAR system is expected to begin shipping in 2025 and is designed for multiple applications, including autonomous driving. The partnership emphasizes AMD's strength in adaptive computing technology and its ability to meet stringent safety requirements.
AMD announced the promotion of Forrest Norrod to executive vice president and general manager of the Data Center Solutions business group on January 16, 2023. This promotion highlights his successful leadership and the importance of the data center sector to AMD's growth strategy. Norrod joined AMD in 2014, contributing to significant advancements in AMD's EPYC processors renowned for performance and energy efficiency. CEO Dr. Lisa Su emphasized the data center market as the company's largest growth opportunity, aiming to enhance relationships with cloud, enterprise, and edge customers through its leading data center portfolio.
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