AMD, revenue grew 40% over a year ago

AMD, revenue grew 40% over a year ago

After Intel, too
AMD has
presented i
financial results
in the first quarter of 2020
. The US company has achieved a turnover of
$ 1.79 billion, in 40% growth on the same period last year
year. It is a result of the children strong sales of Ryzen processors
(notebook and desktop) and Radeon GPU
. The company led by Lisa Su got a
operating profit of $ 177 million and net profit of $ 162 million.
Earnings per share reached $ 14 cents. The gross margin
climbed by 5 points on an annual basis, to 46%,
thanks to the sales of Ryzen and EPYC.

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"We worked well in the first quarter, sailing in a
complex environment to achieve 40% growth in sales on an annual basis
and a significant expansion of the gross margin thanks to our Ryzen and EPYC processors, "commented CEO Lisa Su." Although we expect
uncertainty in short-term demand, our financial foundations
solid and our strong product range
they position us well along a whole
of resilient end markets. [] Our strategy and growth plans a
long term have not changed. "

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Moving on to the divisions, the Computing and Graphics segment
scored the best performance
. The turnover of the segment has touched
$ 1.44 billion, in 73% growth over the past year. AMD claims that
the result attributable to the strong sales of Ryzen processors and products
Radeon on the canal. AMD also reports a record turnover for i
notebook and an excellent start of the Ryzen 4000 Mobile.

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The Enterprise, Embedded and Semi-Custom division has instead
achieved revenue of $ 348 million, down 21% from last year
year. The result is due to a contraction in sales in the semi-custom sector (Sony
and Microsoft have reduced the chip orders of the current consoles),
partially offset by sales of CPU servers EPYC. And right from
server compartment that comes the good news, with AMD having registered a
double-digit increase in server deliveries compared to the last quarter of 2019.

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As regards the estimates on the second fiscal quarter, AMD expects revenue of $ 1.85 billion, with a margin of error of
more or less 100 million. In case the forecast turns out to be correct, yes
would be a 21% increase on Q2 2019. In the second quarter AMD yes
expects strong sales of Ryzen and EPYC CPUs, but also a recovery in business
semi-custom (with the start of chip production for next-gen consoles).

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"Despite expectations for weaker demand on the part
of consumers related to COVID-19 in the second half of the year, AMD expects
that the 2020 turnover will grow by about 25 percent, more or less 5 points
percentages, compared to 2019
"says the company.

Zen 3 and RDNA 2 on schedule despite Coronavirus

In the margins of the quarterly, AMD remarked that
despite the issues related to COVID-19 projects related to
architectures
Zen 3 e
RDNA 2 are following the roadmap ahead of
debut in late 2020
. CEO Lisa Su also claimed that the company has
gained further market share in the desktop PC industry for 10
quarter in a row. The manager is also confident that she can
achieve double digit market share with EPYC server CPUs by
current quarter. "While the demand indicators in the markets of
commercial, educational and datacenter infrastructures are strong, there
look forward to some attenuation in consumer demand in
second half of the year, depending on the evolution of conditions
macroeconomic trends, "concluded the CEO.

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