Get All Access for FREEMarket News & Research,
Live Transcripts & Audio,
and a whole lot more…
$AMD has announced the appointment of Abhi Y. Talwalkar to its BoD. He currently serves on the boards of $LRCX, iRhythm Technologies, Inc., and $TEL. Additionally, the company has increased the annual base salary of CFO Devinder Kumar, SVP James R. Anderson and CTO Mark D. Papermaster, effective July 1, 2017.
The battle of trio - $NVDA $AMD $INTC - over the GPU market is getting intense as Intel hired ex-head of AMD's graphics business. Intel looks to expand its high-end discrete GPU for a broad range of computing: a field Nvidia has ruled for a long time. With this battle favoring its peers, Nvidia yet again showed its strength with solid 3Q18 results.
$AMD and $INTC teams up to develop a new chip (a combintion of AMD's semi-custom GPU and a new Intel multi-chip processor), which would steal some $NVDA's GPU market share. The new product that will power lightweight laptops is designed by Intel and integrates an Intel Core processor, Radeon graphics chip, and 2nd gen High Bandwidth Memory (HBM2).
$AMD did not give any specific numbers but said it achieved record GPU revenue in 3Q17 based on significantly improved ASPs and higher unit shipments from a year ago. Revenue from the server business also increased during the quarter as the company began ramping sales of EPYC datacenter processors to the key cloud and OEM customers.
In 3Q17, $AMD began early shipments of Ryzen mobile processors combining Zen CPU cores and Vega GPU cores. Notebooks from Acer, HP, and Lenovo are expected to be launched with Ryzen mobile-based systems. The company expects an expanded assortment of premium notebooks featuring Ryzen to launch in 1Q18.
With the strength of this year's launch of Ryzen and Epyc series processors, $AMD returned to profitability in 3Q17. The semiconductor giant posted earnings of $71MM, or $0.07 per share, on revenue of $1.64Bil. The company, however, sees its 4Q17 revenue drop approx. 15% sequentially. But that would still result in a revenue growth of 26% YoY.
Chipmaker $AMD has expanded its global partner ecosystem for EPYC, the company’s processor line for Datacenter. The new partners include Baidu, Lenovo, Sugon and cloud service providers Tencent and JD.com. Currently, the focus of the expansion initiative is China.
Chipmaker $INTC unveiled its 8th generation Core processors today. For the first time, the new generation processors will have four cores, aimed at ultrabooks. The company also claims that the new processors performance will be 40% faster than 7th generation chips. Rival $AMD is taking on $INTC with the upcoming launch of Raven Ridge processors.
$AMD has launched two models of its Ryzen Threadripper high-end desktop processors: the 16-core 32-thread AMD Ryzen Threadripper 1950X and 12-core 24-thread AMD Ryzen Threadripper 1920X. The third variant, the 8-core 16-thread Ryzen Threadripper 1900X, is expected to be available from Aug. 31.
$AMD released two models of its mainstream-priced, high-efficiency AMD Ryzen 3 desktop processor; the AMD Ryzen 3 1300X and AMD Ryzen 3 1200 CPUs. The two processors come equipped with true quad-core unlocked performance for gaming and computing, and join AMD Ryzen 7 and Ryzen 5 desktop processors with a large and growing AM4 motherboard ecosystem.
$AMD said the growing adoption of Ryzen CPUs, combined with the sixth consecutive quarter of double-digit YoY Graphics sales growth, resulted in a 51% YoY growth in Computing & Graphics revenue. While $INTC focuses on CPU and $NVDA on GPU, $AMD produces both products and that puts it in a unique position to benefit from a changing market for chips.
$AMD said it is on track to complete the full family of Ryzen processors, with the availability of Ryzen 3 processors at end of July; Ryzen Threadripper products in early August; Ryzen PRO-based offerings in 3Q17; and Ryzen Mobile APUs later this year.
Ryzen family of processors drove a richer mix of shipments during 2Q17 and client ASPs improved significantly from a year ago. $AMD said that all major PC OEMs have announced premium Ryzen-based desktop systems, with widespread availability expected for the back-to-school and holiday seasons.
In 2Q17, $AMD posted the first operating profit in its Computing and Graphics business in three years, mainly due to stronger sales of its new Ryzen chips. With a significant ramp and strong sell-through of Ryzen CPUs in the first full quarter of sales, Ryzen chips are said to outperform those of $INTC in the desktop PC and gaming markets.
For 3Q17, $AMD expects revenue to increase 20-26% sequentially. The midpoint of guidance would result in 3Q17 revenue increasing approx. 15% YoY. The company now expects annual revenue to increase by a mid to high-teens percentage, compared to prior guidance of low double digit percentage revenue growth.
$AMD managed to squeak out an adjusted profit in 2Q17 as the chip maker posted higher revenue in its computing and graphics business. The company earned $0.02 per share on adjusted basis, compared to a loss of $0.05 a year ago. On a GAAP basis, the company lost $16MM, leading to an overall loss of $0.02 per share. Revenue grew 19% YoY to $1.22Bil.