AMD FIRST QUARTER 2019 FINANCIAL RESULTS (FULL/PR)

FINANCIAL SUMMARY Q1 2019(1)
▪ Revenue of $1.27 billion
▪ In-line with expectations, down 23% y/y primarily due to lower revenue in the Computing and Graphics segment
▪ Down 10% q/q primarily due to lower client processor sales
▪ RyzenTM and EPYCTM processor and datacenter GPU revenue more than doubled y/y
▪ Gross margin of 41%
▪ Up 5 percentage points y/y primarily driven by the ramp of Ryzen and EPYC processor and datacenter GPU sales
▪ Up 3 percentage points q/q primarily due to a charge in Q4 2018 related to older technology licenses
▪ Non-GAAP gross margin of 41% flat q/q
▪ Operating income of $38 million; Non-GAAP operating income of $84 million
▪ Net Income of $16 million; Non-GAAP net income of $62 million
▪ Diluted EPS of $0.01; Non-GAAP diluted EPS of $0.06
▪ Cash, cash equivalents and marketable securities of $1.2 billion
▪ Reduced principal debt by $165 million to $1.4 billion

 

Here is the full report PDF: AMD 2019 REPORT 

COMPUTING AND GRAPHICS Q1 2019
▪ Revenue of $831 million
▪ Down 26% y/y primarily due to lower graphics channel sales
▪ Down 16% q/q primarily due to lower client processor sales
▪ Average Selling Price (ASP)
▪ Client processor ASP up y/y primarily driven by Ryzen processor sales
▪ Client processor ASP down slightly q/q primarily due to a decrease in mobile processor ASP
▪ GPU ASP up y/y primarily driven by datacenter GPU sales
▪ GPU ASP up q/q driven by improved product mix
▪ Operating income of $16 million
▪ Down $122 million y/y and $99 million q/q
▪ Decreases y/y and q/q were primarily due to lower revenue

Here is the full report PDF: AMD 2019 REPORT 

ENTERPRISE, EMBEDDED AND SEMI-CUSTOM Q1 2019

▪ Revenue of $441 million
▪ Down 17% y/y primarily due to lower semi-custom product revenue
▪ Up 2% q/q primarily driven by higher semi-custom revenue
▪ Operating income of $68 million
▪ Up $54 million y/y and up $74 million q/q
▪ Improvements y/y and q/q primarily driven by a $60 million licensing gain associated with the joint venture with
THATIC
▪ Server CPU revenue grew significantly y/y and EPYC processor channel sales increased q/q
▪ Amazon expanded AMD-based offerings to additional regions and launched three new EPYC
processor-powered EC2 instance families, including the first T3-series instances
▪ Sony selected a custom AMD chip based upon our “Zen 2” CPU and “Navi” GPU architectures to
power its next-generation PlayStation console

Here is the full report PDF: AMD 2019 REPORT 

Tags:

7nm CPU, Amd, amd zen 2, entertainment, intel, News, Pc hardware, technology, video games, Zen 2 Leaks and Rumors, Zen 2 VS Intel

 

Mohsen Daemi
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