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AMD's second-quarter revenue of US$1.93 billion increased by 26% year-on-year, and net profit was 157 million

Netease Technology News, July 29 news, AMD announced the company's second quarter 2020 financial report after the US stock market closed on Tuesday, local time. According to the financial report, AMD’s quarterly revenue was US$1.93 billion, an increase of 26% year-on-year, while analysts’ average expectation was US$1.86 billion; the quarter’s net profit was US$157 million, or earnings per share of US$0.13, compared to US$35 million in the same period last year. , Combined earnings per share of 0.03 US dollars, a year-on-year increase of 349%. Analysts expect earnings per share of $0.16 for the quarter.


After the earnings report was released, AMD shares rose nearly 10% in after-hours trading.

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By business, the computing and graphics divisions, including desktop computers, notebook computer processors, and graphics cards, had revenue of US$1.367 billion in the quarter, compared with US$940 million in the same period last year; enterprise, embedded and semi-custom business quarters Revenue was US$565 million, compared to US$591 million in the same period last year. Operating losses for all other businesses in the quarter were US$60 million, compared with US$52 million in operating losses in the same period last year.


During the quarter, the company's sales of Epyc server chips and Ryzen PC processors exceeded Wall Street expectations, and the company raised its full-year revenue forecast. AMD said that, driven by the strong growth of PC, gaming and data center products, the company's revenue is expected to grow by about 32% in 2020. Wall Street expects AMD's revenue this year to grow by 25% to $8.4 billion. AMD has stated that its goal is to occupy a double-digit share of the server market by the middle of this year. Before the launch of new products in 2017, AMD's ratio was less than 1%. Server computers are the foundation of corporate networks and data centers, and each server chip costs several thousand dollars. This also shows that AMD is cannibalizing orders from rival Intel in the lucrative server chip market.


The company’s CEO, Su Zifeng, said on the earnings call that the company currently expects growth in the PC market in the second half of this year. Both Microsoft and Sony will release new products equipped with AMD chips later this year. Su Zifeng said, "In view of the PlayStation 5 and Xbox Series X game consoles will be released in the holiday shopping season, we expect strong growth in the customization business in the second half of the year."


A few days ago, rival Intel said it would postpone the release of 7-nanometer chips to 2022 or 2023. And AMD is already selling 7-nanometer chips. After Intel issued a statement last Friday, AMD's stock price has risen by nearly 17%, and AMD's stock price has risen by 47% since the beginning of the year. (Chenchen)



Source: NetEase Technology Report, translated by Google Translate

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