Advanced Micro Devices, Inc. (NASDAQ:AMD) Q3 2020 Earnings Conference Call - Final Transcript

Oct 27, 2020 • 05:00 pm ET


Advanced Micro Devices, Inc. (NASDAQ:AMD) Q3 2020 Earnings Conference Call - Final Transcript


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Victor Peng

comprehensive product portfolio and computing solutions. Our products will power a wide range of intelligent applications from the largest data center to the edge and to the smallest end point. This expanded product portfolio, together with our industry-leading engineering capabilities and market expertise, will enable our customers to deploy differentiated solutions to market faster.

Our companies share the same vision for transforming people's lives through high-performance computing. As Lisa mentioned, we have very similar cultures of innovation, execution excellence and collaboration that make this an exciting new chapter for Xilinx employees. I'm excited about the future of the combined company in accelerating our opportunities to grow the business and lead the new era of computing.

And on a personal note, this is my second time joining AMD, and to do that with the Xilinx team just couldn't be more thrilling for me. For Xilinx shareholders, this transaction provides a great opportunity for long term value creation, given the significant diversification benefits they will receive through exposure to a broader, and much larger growth business when this transaction closes.

So I very much look forward to bringing our great companies together. Let me now turn it back to Lisa.

Dr. Lisa Su

Thanks. Victor. To sum up, we are very pleased with the acceleration of our business in the third quarter. We are on track to deliver significant annual revenue growth this year and have never been more confident in our trajectory. Our strategic acquisition of Xilinx is compelling for all stakeholders with significant value creation for AMD and Xilinx shareholders, who will benefit from the future growth and upside potential of the combined company.

We have always been very ambitious in our goals. The acquisition of Xilinx is a natural next step in our journey. Xilinx is an ideal match for AMD, combining a highly complementary set of products, customers, and markets with differentiated IP and world-class talent.

With that, let's go to questions, please. Ruth?

Ruth Cotter

Thank you, Lisa. Kevin, if you could poll the audience for questions please. And we request that the audience stick to two questions, one, as it pertains to the third quarter, and one on today's news of the acquisition. Thank you.