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. (AMD) is a global leader in high-performance computing and graphics technologies, driving innovation across semiconductors for data centers, gaming, and adaptive computing solutions. This dedicated news hub provides investors and technology professionals with essential updates spanning corporate developments and product advancements.
Access AMD's official press releases alongside curated industry analysis covering strategic partnerships, processor innovations, and market leadership in next-generation computing. Our repository includes earnings reports, executive commentary, and technology roadmap updates critical for understanding AMD's position in competitive semiconductor markets.
Key content categories feature quarterly financial results, product launch announcements, research breakthroughs, and industry event coverage. Stay informed about developments in artificial intelligence infrastructure, data center expansion, and next-gen GPU/CPU architectures shaping computing's future.
Bookmark this page for streamlined access to AMD's evolving story, with verified updates organized chronologically for efficient research. Check back regularly to monitor how AMD's adaptive computing solutions continue transforming industries from cloud services to edge AI applications.
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.
AMD Chief Financial Officer Devinder Kumar is set to retire, with Jean Hu, previously CFO at Marvell, joining as the new executive vice president and CFO on January 23, 2023. Kumar will assist in the transition until April 2023. CEO Lisa Su expressed gratitude for Kumar's contributions, highlighting his role in AMD's revenue growth. Hu brings over 20 years of financial leadership experience in the semiconductor industry and is excited to lead AMD's finance organization during a time of growth.
AMD's Q4 2022 and Fiscal Year 2022 earnings call is scheduled for January 31, 2023.
At CES 2023, AMD unveiled its latest Ryzen 7000X3D Series Desktop processors, leveraging 3D V-Cache technology for enhanced gaming performance. The Ryzen 7000 Series Mobile processors, featuring up to 16 Zen 4 cores, promise over 50% performance improvement. New models include Ryzen 9 7950X3D, 7900X3D, and 7800X3D, marked as the fastest gaming processors globally. Ryzen 7040 Series Mobile introduces dedicated AI hardware, outperforming Apple's M2 by 20%. AMD's commitment to its Socket AM5 platform ensures long-term compatibility with future processors.
AMD has unveiled the Radeon RX 7000M and RX 7000S Series Graphics for laptops, showcasing a 26% performance increase over prior generations. These GPUs are designed for efficient, high-performance gaming, supporting 1080p gaming at ultra settings. With features like AMD RDNA 3 architecture, dedicated AI and ray tracing hardware, and support for AV1 encoding, these chips deliver high frame rates and advanced visuals. Leading OEMs are set to launch AMD Advantage Edition laptops in early 2023, highlighting AMD's commitment to mobile gaming performance.
At CES 2023, AMD showcased its advancements in high-performance computing with significant innovations in AI, gaming, and healthcare. CEO Dr. Lisa Su presented new mobile CPUs and GPUs, including the Ryzen 7040 Series featuring dedicated AI hardware, and innovative gaming processors like the Ryzen 7000X3D. AMD also unveiled the Alveo V70 AI Accelerator and the MI300 data center chip, designed for AI and HPC applications. The company aims to enhance sectors like healthcare and aerospace through its adaptive computing solutions, emphasizing energy efficiency and performance.
AMD announced a collaboration with Viettel High Tech to enhance 5G capabilities, completing successful field trials with AMD's Xilinx Zynq UltraScale+ MPSoC devices. Serving over 130 million mobile customers, Viettel aims for full deployment of its 5G network by the end of 2022, leveraging AMD's technology for increased capacity and performance. The partnership will expand to additional base stations and radios, as Viettel focuses on evolving its network to meet growing user demands.
AMD will be featured at the virtual Arete Tech Conference on December 6, 2022, at 10:10 AM ET/7:10 AM PT. Mark Papermaster, CTO and Executive Vice President of Technology and Engineering, is set to present. Interested parties can access a real-time webcast on AMD's Investor Relations website. A replay will be available for one year following the live event. AMD has been a leader in high-performance computing, serving billions of users and Fortune 500 companies for over 50 years. For more information, visit AMD's official website.
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