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, Inc. (NASDAQ: AMD), headquartered in Santa Clara, California, is a pioneering multinational semiconductor company specializing in the development of high-performance CPUs, GPUs, and related technologies for both business and consumer markets. AMD designs advanced digital semiconductors for diverse applications, including PCs, gaming consoles, data centers, industrial, and automotive sectors. Historically known for its innovations in CPUs and GPUs, AMD's technology powers devices ranging from personal computers to the high-performing game consoles of Sony PlayStation and Microsoft Xbox.
In 2022, AMD made a strategic acquisition of Xilinx, known for its leadership in field-programmable gate arrays (FPGAs), broadening AMD's product offerings and market opportunities, particularly in data centers and automotive industries. The integration of Xilinx has fortified AMD's portfolio, enabling the delivery of adaptive and scalable solutions.
AMD's first-quarter financial results for 2024 highlighted a revenue of $5.5 billion, a gross margin of 47%, and operating income of $36 million. The non-GAAP gross margin stood at 52%, with a net income of $1.0 billion and diluted earnings per share of $0.62. Significant year-over-year growth in the Data Center and Client segments, driven by the adoption of Ryzen and EPYC processors and the ramp of MI300 AI accelerators, underpinned these results.
Notable achievements include record revenue in the Data Center segment, which saw an 80% year-over-year increase, and a robust portfolio expansion with the launch of new AI solutions for various markets. AMD's partnerships with tech giants like Lenovo, Dell Technologies, and Supermicro underscore its commitment to advancing AI capabilities across cloud, enterprise, and embedded systems. The introduction of the AMD Ryzen PRO and Versal Series Gen 2 devices further showcases AMD's innovation in AI and edge computing.
AMD's outlook for the second quarter of 2024 projects a revenue of approximately $5.7 billion, with continued growth and margin improvement on the horizon. The company remains focused on leveraging AI opportunities to drive future growth.
In recent developments, AMD's collaboration with Optiver highlights the deployment of AMD's high-performance compute solutions, including EPYC CPUs and Alveo accelerators, to enhance financial market infrastructures. Furthermore, AMD's recognition with the IEEE Corporate Innovation Award reflects its pioneering work in chiplet architecture and high-performance computing, emphasizing its leadership in the semiconductor industry.
AMD announced a collaboration with Viettel High Tech to enhance 5G capabilities, completing successful field trials with AMD's Xilinx Zynq UltraScale+ MPSoC devices. Serving over 130 million mobile customers, Viettel aims for full deployment of its 5G network by the end of 2022, leveraging AMD's technology for increased capacity and performance. The partnership will expand to additional base stations and radios, as Viettel focuses on evolving its network to meet growing user demands.
AMD will be featured at the virtual Arete Tech Conference on December 6, 2022, at 10:10 AM ET/7:10 AM PT. Mark Papermaster, CTO and Executive Vice President of Technology and Engineering, is set to present. Interested parties can access a real-time webcast on AMD's Investor Relations website. A replay will be available for one year following the live event. AMD has been a leader in high-performance computing, serving billions of users and Fortune 500 companies for over 50 years. For more information, visit AMD's official website.
AMD (NASDAQ: AMD) and Analog Devices (NASDAQ: ADI) have successfully resolved their ongoing patent litigations through mutually agreed terms. This resolution paves the way for both companies to collaborate on technology initiatives aimed at delivering next-generation solutions to their communications and data center clients. The partnership is expected to enhance their product offerings and improve competitiveness in the market.
AMD announces the retirement of John Caldwell from its board of directors after 16 years, effective immediately. Nora Denzel succeeds him as lead independent director. Caldwell, who joined the board in 2006 and served as chairman from 2016 to 2022, contributed significantly through various committee roles. Denzel, with over 25 years in technology and leadership roles at notable companies, has been on the AMD board since 2014 and chaired the compensation committee. Dr. Lisa Su, AMD's Chair and CEO, praised Caldwell's leadership and expressed confidence in Denzel's capabilities.
AMD has announced that its Xilinx Automotive Zynq UltraScale+ MPSoC platform will power the new Aisin Automated Parking-Assist (APA) system, designed for low-latency image processing. Expected to ship in model year 2024, the system uses AI for efficient detection of pedestrians and vehicles. The platform optimizes performance with a multicore processing system and specialized deep learning capabilities. Aisin's APA system aims to enhance consumer parking experiences while providing features like automated emergency braking.
AMD EPYC processors and AMD Instinct accelerators power 101 supercomputers in the latest Top500 list, marking a 38% increase year-over-year. The Frontier supercomputer at Oak Ridge Laboratory remains the top system with 1.1 exaflops, showcasing AMD’s dominance in high-performance computing (HPC). AMD is recognized for driving innovation in both performance and efficiency, powering 75% of the top 20 systems on the Green500 list. Additionally, 4th Gen AMD EPYC processors have been announced, enhancing computing capabilities for critical workloads.
AMD has announced the completion of Class B qualification for its first space-grade XQR Versal AI Core XQRVC1902 devices, enabling high-bandwidth signal processing and AI inferencing for space applications. These radiation-tolerant devices are set for shipment in early 2023. Unlike custom ASICs, the XQR Versal SoCs allow reprogramming during and after deployment, enhancing flexibility for satellite operators. This marks a significant advancement in on-board data processing capabilities for missions ranging from low-earth to geosynchronous orbits.
AMD has launched its 4th Gen EPYC™ processors, boasting unmatched performance and energy efficiency, aimed at modernizing data centers. Built on the 'Zen 4' architecture, these processors support up to 96 cores, enhancing performance and reducing energy costs. Key features include enhanced security, DDR5 memory support, and PCIe Gen 5 compatibility. Major partners like Dell, Google Cloud, HPE, and Microsoft are integrating the EPYC processors into their systems, supporting diverse workloads, while AMD emphasizes the data center as a priority for growth.
AMD has launched the Radeon RX 7900 Series graphics cards featuring the new RDNA 3 architecture, designed for high-performance and energy efficiency. The RX 7900 XTX delivers up to 1.7X higher 4K gaming performance compared to prior models, while the RX 7900 XT offers up to 1.5X higher performance. Key features include a chiplet design, up to 54% more performance per watt, and support for DisplayPort 2.1 technology. The RX 7900 XTX is priced at $999 and the RX 7900 XT at $899, both available from AMD and partners from mid-December 2022.
AMD reported Q3 2022 revenue of $5.6 billion, marking a 29% year-over-year increase, driven by strong performance in the Data Center, Gaming, and Embedded segments. However, the Client segment revenue declined 40% due to a weak PC market. GAAP net income fell 93% to $66 million, with diluted EPS at $0.04. Non-GAAP results showed operating income of $1.3 billion and EPS of $0.67. Cash flow from operations increased to $965 million. Despite challenges, AMD is optimistic about its product portfolio and growth opportunities.
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