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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 showcased significant innovations at the 2021 Consumer Electronics Show, highlighting the acceleration of digital transformation across various sectors. CEO Dr. Lisa Su announced the new AMD Ryzen™ 5000 series mobile processors and provided a preview of the next-gen 3rd Gen AMD EPYC™ server processor designed to enhance performance in data centers. The keynote featured partners like Microsoft and Mercedes-AMG Petronas, demonstrating AMD's pivotal role in computing and gaming. Collaborative efforts with researchers utilizing donated computing power aid in COVID-19 research, emphasizing AMD's commitment to impactful technology.
AMD has unveiled its AMD Ryzen 5000 Series Mobile Processors, featuring the cutting-edge 'Zen 3' architecture, aimed at delivering superior performance for gamers, creators, and professionals. New models, including the Ryzen 5000 H-Series and U-Series, enhance battery life and performance, with laptop availability starting Q1 2021 from major manufacturers such as ASUS, HP, and Lenovo. AMD also announced the upcoming release of Ryzen Threadripper PRO Processors for workstation users, offering up to 64 cores and 128 PCIe Gen 4 lanes, available in March 2021.
AMD announced key leadership promotions aimed at supporting its long-term growth strategy. Darren Grasby has been appointed as executive vice president and Chief Sales Officer, while Devinder Kumar takes on the role of executive vice president and Chief Financial Officer. Additionally, Martin Ashton, Mark Fuselier, and Sam Naffziger have been promoted to senior vice president positions overseeing graphics technology, product engineering, and product technology architecture, respectively. This restructuring aligns with AMD's goals for continued momentum and growth in the competitive tech landscape.
AMD announced the launch of the new Amazon EC2 G4ad instances, utilizing 2nd Gen AMD EPYC CPUs and Radeon Pro GPUs for enhanced graphics performance. These instances deliver up to 45% better price performance and 40% better graphics performance than existing options. Additionally, AMD's collaboration with Amazon Web Services expands, with Amazon GameLift utilizing EPYC processors for game server hosting, offering 10% cost savings. This partnership reinforces AMD's role in cloud computing and gaming.
AMD has announced that Dr. Lisa Su, CEO, will present at the Credit Suisse 24th Annual Technology Conference on November 30, 2020, at 11:00 AM ET/8:00 AM PT. A real-time video webcast of the presentation will be available on AMD’s Investor Relations website, with a replay accessible approximately four hours after the event for one year.
For over 50 years, AMD has been a leader in high-performance computing, driving innovation in graphics and visualization technologies.
AMD announced advancements in high-performance computing (HPC), featuring the launch of the AMD Instinct™ MI100 accelerator, which leverages the new AMD CDNA architecture and offers unprecedented performance exceeding 10 teraflops for scientific workloads. The company also confirmed support for next-generation EPYC processors, codenamed ‘Milan’, in Microsoft's Azure HBv3 virtual machines, promising enhanced efficiency for HPC tasks. AMD’s collaboration with Azure allows significant capacity and performance improvements for cloud HPC users, bolstering AMD's position in the market as a leader in HPC solutions.
AMD has launched the Instinct MI100 accelerator, marking a significant advance in high-performance computing (HPC) and AI. This GPU is the first to exceed the 10 teraflops performance barrier and is built on the new AMD CDNA architecture. It boasts up to 11.5 TFLOPS of FP64 performance and 46.1 TFLOPS for AI workloads. The MI100 is expected to enable breakthroughs in various fields and is supported by leading server solutions from Dell, Gigabyte, HPE, and Supermicro. The launch aims to cater to the rising demand for HPC and AI performance.
AMD has launched the Ryzen Embedded V2000 Series processors, built on 7nm technology, which deliver significant performance enhancements. The new processors feature up to eight CPU cores, allowing for double the multi-threaded performance-per-watt and improvements in single-thread CPU performance by up to 30%. Enhanced graphics performance reaches up to 40%, supporting four independent 4K displays. Additionally, these processors maintain robust security features, including AMD Memory Guard for data protection. The V2000 Series is positioned for applications in Thin Clients, MiniPCs, and Edge systems.
AMD unveiled its groundbreaking Radeon RX 6000 Series graphics cards, featuring the revolutionary RDNA 2 architecture which delivers up to 2X higher performance and 54% higher performance-per-watt. The flagship Radeon RX 6900 XT emerges as the fastest AMD gaming graphics card ever, supporting high-bandwidth PCIe 4.0 and offering 16GB of GDDR6 memory. Available from November 18, 2020, the RX 6800 and RX 6800 XT are priced at $579 and $649, respectively, while the RX 6900 XT will launch on December 8, 2020, priced at $999.
AMD has announced a definitive agreement to acquire Xilinx in an all-stock transaction valued at $35 billion, aiming to enhance its technology portfolio and expand its data center business. The acquisition is projected to increase AMD's total addressable market to $110 billion and is expected to be immediately accretive to margins, cash flow, and EPS. AMD anticipates achieving operational efficiencies of approximately $300 million within 18 months post-closure. The deal has been unanimously approved by both companies' boards and is expected to close by the end of 2021, pending shareholder and regulatory approvals.
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