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. (AMD) (Nasdaq: AMD) is frequently in the news for developments in high-performance computing, AI infrastructure, client processors, embedded products and strategic partnerships. Company press releases describe AMD as driving innovation in high-performance and AI computing, with technology that powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. The AMD news flow reflects this broad scope, ranging from announcements of new AI GPUs and CPUs to collaborations with major technology and cloud partners.
Visitors to this AMD news page can expect updates on AI data center platforms such as AMD Instinct accelerator GPUs, AMD EPYC CPUs, AMD Pensando networking and the ROCm open software stack, including rack-scale architectures like the Helios platform. News items also cover client and gaming products, including Ryzen AI 400 Series and Ryzen AI PRO 400 Series processors for Copilot+ PCs, Ryzen AI Max+ processors for ultra-thin systems, and gaming-focused desktop CPUs and Radeon graphics technologies.
AMD’s news releases frequently highlight ecosystem collaborations and large deployments. Examples include work with Tata Consultancy Services to co-develop industry-specific AI and generative AI solutions, with HPE and Eviden to power supercomputers such as Herder and Alice Recoque, with Vultr to expand AI supercluster capacity using AMD Instinct GPUs, and with partners like Zyphra, Cisco and HUMAIN on AI infrastructure and large-scale model training. Regulatory and financial updates, such as earnings announcement dates and Form 8-K disclosures, also appear in AMD’s communications.
By following AMD-related news, investors and observers can track how the company’s CPUs, GPUs, embedded processors and software platforms are being adopted across cloud, enterprise, government, research and edge environments, and how new product introductions and partnerships shape its role in AI and high-performance computing.
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.
AMD has announced the pricing of a public offering of $1 billion senior notes, divided into two tranches: $500 million in 3.924% notes due in 2032 and $500 million in 4.393% notes due in 2052. The offering aims to close on June 9, 2022, and the proceeds will be used for general corporate purposes. This offering is registered under an automatically effective shelf registration statement with the SEC. Barclays Capital and other financial institutions are acting as underwriters for the offering.
AMD announced its intention to offer senior unsecured notes in an underwritten public offering on June 7, 2022. The net proceeds from this offering will be used for general corporate purposes. The offering is being managed by Barclays Capital, BofA Securities, Credit Suisse, J.P. Morgan, and Wells Fargo. It will utilize an automatically effective shelf registration statement filed with the SEC on June 6, 2022. The press release also includes cautionary statements regarding forward-looking statements and potential risks associated with the offering.
AMD will host its Financial Analyst Day on June 9, 2022, aimed at providing updates on corporate strategy, technology, product roadmaps, and growth opportunities. A live video webcast featuring presentations will be made available on the Investor Relations section of AMD's website. Following the live event, a replay will be accessible about four hours later, along with executive presentation copies.
For over 50 years, AMD has been a leader in high-performance computing and visualization technologies, impacting billions globally.
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