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 reports news on high-performance and AI computing products used across cloud and AI infrastructure, embedded systems, AI PCs and gaming. Recurring updates cover AMD Instinct GPUs, AMD EPYC processors, Ryzen AI processors, networking and software, along with customer and ecosystem collaborations tied to AI infrastructure and full-stack computing platforms.
Company news also includes quarterly financial results, earnings-call materials, annual stockholder meeting notices, product portfolio launches and strategic technology collaborations involving memory, compute infrastructure and AI platforms. These developments reflect AMD’s role as a semiconductor operating company serving data center, PC, gaming, embedded, industrial and automotive markets.
SMART Global Holdings (SGH) announced the appointment of Mark Papermaster, Chief Technology Officer at Advanced Micro Devices (AMD), to its board of directors, effective August 22, 2022. Papermaster brings over 35 years of engineering and technology experience, having led innovation at AMD and other major tech firms. His expertise in microprocessor design and system-on-chip development is expected to enhance SGH's technological capabilities and strategic direction.
AMD's 27th Annual Corporate Responsibility Report, released on August 22, 2022, highlights the company's commitment to environmental, social, and governance initiatives. AMD aims to impact 100 million lives through STEM education by 2025 and is advancing sustainability through a $3 billion credit facility. The company has reduced greenhouse gas emissions by 25% and increased processor energy efficiency by 6.8 times. With 94% employee satisfaction, AMD continues to promote diversity and community engagement. The report showcases its leadership in high-performance computing and sustainability efforts.
AMD has announced a livestream event titled “together we advance_PCs” set for August 29 at 7 p.m. ET. This premiere will showcase the next generation of AMD Ryzen™ processors powered by the new Zen 4 architecture and the innovative AM5 platform. Features include support for DDR5 and PCIe5, promising to enhance desktop performance. Viewers can watch live on the AMD YouTube channel or access a replay at AMD.com/Ryzen.
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.