Advanced Micro Devices Inc Stock Price, News & Analysis

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.

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.