Advanced Micro Devices Inc Stock Price, News & Analysis

AMD has announced several key events for the financial community, highlighting its ongoing engagement in the technology sector. Victor Peng, President of the Adaptive and Embedded Computing Group, will present at the Rosenblatt 2nd Annual Technology Summit on Aug. 23, 2022. Ruth Cotter, Senior Vice President, will attend the Jefferies 2022 Semiconductor Summit on Aug. 30, 2022. Lastly, Dr. Lisa Su, CEO, will keynote at the Goldman Sachs Communacopia Conference on Sept. 15, 2022. Webcasts of these presentations will be available on AMD's Investor Relations website.

AMD has announced a collaboration with ECARX to develop an advanced digital cockpit powered by AMD Ryzen Embedded V2000 Processor and AMD Radeon RX 6000 Series GPUs for next-generation electric vehicles (EVs). The platform is expected to begin mass production by late 2023, offering features like multi-zone voice recognition and high-end gaming. Analysts predict significant growth in the automotive semiconductor market, driven by EV adoption, with forecasted demand increasing at a CAAGR of 31% from 2021 to 2026.

AMD reported record revenue of $6.6 billion for Q2 2022, marking a 70% increase year-over-year. The company's gross margin was 46%, with an operating income of $526 million, while net income fell to $447 million, resulting in diluted EPS of $0.27. Non-GAAP measures showed even stronger figures: gross margin at 54%, operating income at $2.0 billion, and net income of $1.7 billion, yielding diluted EPS of $1.05. Factors driving growth included strong sales in the data center and embedded segments, complemented by Xilinx revenue integration.

AMD appoints Nick Lazaridis as senior vice president of AMD Sales, effective immediately. He will oversee sales operations in EMEA, India, and APJ, reporting to Darren Grasby, Executive VP and CSO. Lazaridis, who previously led Asia Pacific sales for AMD from 2009 to 2012, brings over 30 years of experience from companies like HP Inc. His appointment is expected to bolster AMD's growth opportunities, leveraging his strategic global engagement expertise.

AMD (NASDAQ: AMD) will report its second quarter 2022 financial results on August 2, 2022, after the market closes. A conference call to discuss these results is scheduled for 5:00 p.m. ET / 2:00 p.m. PT. Investors and interested parties can access the call through AMD’s Investor Relations website.

AMD has been a leader in high-performance computing and graphics for over 50 years, with its technology being relied upon globally.

AMD announced that its Versal AI Core series will power Canon's Free Viewpoint Video System, revolutionizing live sports broadcasts. This advanced system utilizes a network of high-resolution cameras, offering immersive viewing experiences from multiple angles. The Versal AI Core enables real-time video processing, enhancing live replays and allowing broadcasters to provide unique viewer experiences. Canon plans to deploy this technology at various professional basketball arenas and premier sports venues globally.

AMD announced the appointment of Mathew Hein as chief strategy officer and senior vice president of corporate development, effective June 27, 2022. Hein will focus on advancing AMD's strategy in high-performance and adaptive computing solutions, collaborating closely with the executive team to drive growth. He has extensive experience in strategic planning and business development, having previously advised AMD and worked at Morgan Stanley. CEO Dr. Lisa Su emphasized the increasing demand for high-performance products, positioning Hein as a valuable addition to accelerate AMD's market presence.

AMD has launched the Ryzen Embedded R2000 Series, featuring significant advancements over the previous generation. These second-generation system-on-chip (SoC) processors support up to 4 CPU cores, enhanced Radeon graphics, and can power up to 4 independent 4K displays. The R2515 model shows up to 81% higher CPU and graphics performance. With improved power efficiency, 50% higher memory bandwidth, and expanded I/O capabilities, these processors are ideal for industrial applications, robotics, and IoT systems. Availability is expected starting October 2022.

AMD has unveiled its next-generation hardware and software roadmaps, aiming to accelerate data center growth and solidify its leadership in AI. The company highlighted the launch of its Zen 4 CPU cores and expanded product portfolio tailored to various markets, including data centers and gaming. Key details include a performance increase of over 25% per watt and new products like the 4th Gen EPYC processors and Instinct MI300 accelerators. AMD's transformative acquisition of Xilinx further enhances its capabilities, targeting a $300 billion market for high-performance products.