GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • Revenue grew 20 percent quarter-over-quarter;
  • Gross margin expanded to 41 percent, up 4 percentage points year-over-year -
Dubai, UAE - July 31, 2019 - AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2019 of $1.53 billion, operating income of $59 million, net income of $35 million and diluted earnings per share of $0.03. On a non-GAAP(*) basis, operating income was $111 million, net income was $92 million and diluted earnings per share was $0.08.
 
GAAP Quarterly Financial Results
 
  Q2 2019  Q2 2018  Y/Y  Q1 2019 Q/Q
Revenue ($B) $1.53 $1.76 Down 13% $1.27 Up 20%
Gross margin  41% 37% Up 4 pp 41%  Flat
Operating expense ($M) $562 $499  Up $63 $543 Up $19
Operating income ($M) $59 $153  Down $94 $38 Up $21
Net income ($M) $35  $116 Down $81  $16  Up $19
Earnings per share  $0.03 $0.11 Down $0.08 $0.01 Up $0.02
 
Non-GAAP(*) Quarterly Financial Results
 
  Q2 2019 Q2 2018 Y/Y Q1 2019 Q/Q
Revenue ($B) $1.53 $1.76 Down 13% $1.27 Up 20%
Gross margin 41%  37% Up 4 pp 41% Flat
Operating expense ($M) $512 $467 Up $45 $498 Up $14
Operating income ($M) $111  $186  Down $75  $84 Up $27
Net income ($M) $92  $156 Down $64 $62 Up $30
Earnings per share  $0.08 $0.14  Down $0.06  $0.06 Up $0.02
 
“I am pleased with our financial performance and execution in the quarter as we ramped production of three leadership 7nm product families,” said Dr. Lisa Su, AMD president and CEO. “We have reached a significant inflection point for the company as our new Ryzen, Radeon and EPYC processors form the most competitive product portfolio in our history and are well positioned to drive significant growth in the second half of the year.”
 
Q2 2019 Results
  • Revenue was $1.53 billion, down 13 percent year-over-year due to lower revenue in both segments. Revenue was up 20 percent quarter-over-quarter due to higher revenue in both segments.
  • Gross margin was 41 percent, up 4 percentage points year-over-year, primarily driven by increased RyzenTM and EPYCTM processor sales. Gross margin was flat quarter-over-quarter.
  • Operating income was $59 million compared to $153 million a year ago and $38 million in the prior quarter. Non-GAAP operating income was $111 million compared to $186 million a year ago and $84 million in the prior quarter. The year-over-year decline was primarily due to lower revenue and higher operating expenses.
  • Net income was $35 million compared to $116 million a year ago and $16 million in the prior quarter. Non-GAAP net income was $92 million compared to $156 million a year ago and $62 million in the prior quarter.
  • Diluted earnings per share was $0.03, compared to $0.11 a year ago and $0.01 in the prior quarter. Non-GAAP diluted earnings per share was $0.08, compared to $0.14 a year ago and $0.06 in the prior quarter.
  • Cash, cash equivalents and marketable securities were $1.1 billion at the end of the quarter.
Quarterly Financial Segment Summary
  • Computing and Graphics segment revenue was $940 million, down 13 percent year-over-year and up 13 percent quarter-over-quarter. Revenue was lower year-over-year primarily due to lower graphics channel sales, partially offset by increased client processor and datacenter GPU sales. The quarter- over-quarter increase was primarily due to higher GPU sales.
  • Client processor average selling price (ASP) was up year-over-year driven by Ryzen processor sales. Client processor ASP was down quarter-over-quarter due to a higher mix of mobile processor sales.
  • GPU ASP increased year-over-year primarily driven by datacenter GPU sales. GPU ASP was down slightly quarter-over-quarter due to lower datacenter GPU sales and higher graphics channel sales.
  • Operating income was $22 million, compared to $117 million a year ago and $16 million in the prior quarter. The year-over-year decrease was primarily due to lower revenue. The quarter-over- quarter increase was due to higher GPU sales.
  • Enterprise, Embedded and Semi-Custom segment revenue was $591 million, down 12 percent year- over-year and up 34 percent sequentially. The year-over-year revenue decrease was primarily due to lower semi-custom product revenue, partially offset by higher EPYC processor sales. The quarter- over-quarter increase was driven by higher semi-custom and EPYC processor revenue.
 
  • Operating income was $89 million, compared to $69 million a year ago and $68 million in the prior quarter. The year-over-year and quarter-over-quarter increases were primarily driven by higher EPYC processor sales.
  • All Other operating loss was $52 million compared to $33 million a year ago and $46 million in the prior quarter.
 
Q2 2019 PR Highlights
  • AMD launched its highly anticipated client and graphics processors based on advanced new architectures and leading-edge 7nm process technology.
  • The “Zen 2” CPU core delivers up to an estimated 15 percent instructions per clock (IPC) uplift over the “Zen” architecture, outperforming the historical generational performance improvement industry trend.
  • AMD Ryzen Desktop Processors are available now with up to 12 cores and 24 threads based on the new “Zen 2” core architecture to deliver leadership performance for gamers, creators and everyday PC users.
  • AMD unveiled the new X570 chipset for AMD Socket AM4, enabling the world's first PCIe® 4.0 ready platform for consumers. Motherboard manufacturers are expected to introduce more than 50 models using the new AMD X570 chipset by year end, creating the widest selection of motherboards at launch in AMD history.
  • AMD introduced RDNA, a new foundational gaming architecture designed to drive the future of PC, console and cloud gaming. RDNA provides up to 1.25X higher performance- per-clock and up to 1.5X higher performance-per-watt compared to AMD's previous generation Graphics Core Next architecture.
  • AMD Radeon™ RX 5700 series graphics cards, built on the new AMD RDNA gaming
  • architecture, deliver superior visual fidelity, performance and advanced features for the latest AAA and eSports titles at their respective price points.
  • AMD announced that it is working with Cray, the U.S. Department of Energy and Oak Ridge National Laboratory to build what is expected to be the world's fastest supercomputer - Frontier. Based on future-generation high performance custom AMD EPYC CPUs and Radeon Instinct GPUs optimized for artificial intelligence (AI), Frontier is expected to deliver greater than 1.5 exaflops of processing performance.
  • 2nd Gen EPYC processors are advancing the use of AI across diverse research fields on Indiana University's Cray Shasta™ supercomputer.
  • Microsoft announced that AMD will power its upcoming next generation game console, codenamed Project Scarlett, with a custom, high performance SoC combining the AMD Ryzen “Zen 2” CPU core
and a next generation GPU based on the Radeon RDNA gaming architecture including hardware- accelerated ray tracing.
  • Samsung and AMD announced a multi-year strategic partnership through which Samsung will license AMD graphics IP to advance graphics technologies and solutions for mobile applications including smartphones.
  • Apple announced an all-new Mac Pro featuring AMD Radeon Pro Vega II GPUs that deliver exceptional computational performance by harnessing the power of the 7nm process technology, “Vega” graphics architecture and AMD Infinity Fabric™ Link GPU interconnect technology.
  • Acer announced the upcoming availability of the new Acer Nitro 5 and Swift 3 laptops, based on 2nd Gen AMD Ryzen Mobile processors, adding to the more than 40 new consumer and commercial notebooks based on the latest Ryzen Mobile and Ryzen Mobile PRO processors launched this year from all leading global OEMs.
Current Outlook
AMD's outlook statements are based on current expectations. The following statements are forward- looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.
 
For the third quarter of 2019, AMD expects revenue to be approximately $1.8 billion, plus or minus
 
$50 million, an increase of approximately 18 percent sequentially and approximately 9 percent year-over- year. The sequential and year-over-year increases are expected to be driven by Ryzen, EPYC and Radeon product sales. AMD expects non-GAAP gross margin to be approximately 43 percent in the third quarter of 2019.
 
For full year 2019, AMD now expects revenue to increase a mid-single digit percent over 2018 driven by significant sales growth of our new Ryzen, EPYC and Radeon processors, partially offset by lower than expected semi-custom revenue. Revenue excluding semi-custom is expected to grow approximately 20 percent year over year. AMD expects non-GAAP gross margin to be approximately 42 percent for 2019.



Posted by : GoDubai Editorial Team
Viewed 8217 times
Posted on : Wednesday, July 31, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Capital One breach - statement from Forcepoint
Next Story : Genetec Recognized as one of the Fastest Growing Access Control Software Manufacturers in the World ...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening...
6 Trends That Will Dominate Beauty in 2020 According to Foreo
Made in Italy: Top Picks from the Latest Deborah Milano Make-Up Range
How to Beat Pigmentation with DERMAdoctor
Introducing Zeitun Premium Face Care Collection
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of ...
Sephora: Are You Ready to Join the #SephoraSquad?
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary
Spoil her this Mother's Day with gifts from Marks & Spencer
Achieve Gorgeous and Radiant Skin in Only 90 Seconds
Enjoy a Selection of Anti-Aging Products from Beauty Solutions
Cerruti 1881 - Special Product Launch for Mother's Day
Swatch X 007 – Introducing the New James Bond Collection and Limited Special Edition
Laloge X Ivanka Trump
Marks & Spencer, Britain's Best Loved Denim
Ferragamo Sapphire Collection
Tag Heuer Opens Boutique at Mall of the Emirates
Dubai Chamber Honours Top-performing Trading Companies
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre
Team Abu Dhabi Riders Grab Double Triumph On Dramatic Race Day in Kuwait
Dubai Customs Graduates 1st Batch of “Dubai Customs Leaders” Program
The Award-winning #burjumanfoodart Festival is Back by Popular Demand!
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council
Marks & Spencer Unveils its All New Menswear
Buyers Rush for Majid Al Futtaim's First ‘Elan' Townhouses at Tilal Al Ghaf
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead ...
A Game Changing, GCC First Initiative is Unveiled at Gulfood 2020: Oasis Water N...
Statement Stilettoes from Steve Madden
This Unbeatable Bundle Offer makes it the Best Time to Buy the King of 5G Smartp...
GEMS Global Innovation Showcase 2020 Sees 1,500 Student Innovators and Entrepren...
His Highness Sheikh Hamdan Bin Rashid Al Maktoum Opens Gulfood 2020
Al Wahda Mall Announces UAE Pro League Mobile Roadshow Activations
UAE Community Takes Millions of Steps in Solidarity With Children Who Walk Long ...
Dubai Cares Donates 2,000 Books to Wanna Read? Initiative to Instill the Habit o...
Bottled Water Industry Leaders Come Together to Form Gulf Bottled Water Associat...
Airlines and Posts Cooperate Globally for a Sustainable and Reliable Cross-borde...
“Planet Positive” is Tetra Pak's New Way of Doing Business
Upfield Unveils New Plant-Based Products and Spreads Awareness of Nutritional Be...
Ericsson Received Awards at the Stc Partner Day for Saudization and Internationa...
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & Events...
Registration is Now Open for Dubai Cares' Volunteer Globally in Malawi
Join the Dots With Max Mara
KIZAD to Participate in GulFood 2020 to Showcase Competitive Advantage
Range Rover Evoque: Europe's Favourite Compact SUV
SEHA to Showcase the Latest Technology in Diagnostics and Interventional Radiolo...
Easa Saleh Al Gurg Group Celebrates 60 Years of Nation Building by Renewing Its ...
Move Up in Life With Snowhite's Latest Fashion Destination in Abu Dhabi
Step Up Your Fashion Game with the Sleek HONOR MagicWatch 2