amd revenue 2020

“Despite some macroeconomic uncertainty, we are raising our full-year revenue outlook as we enter our next phase of growth, driven by the acceleration of our business in multiple markets.”Watch every session from the AI event of the yearAMD said the average selling price for its client CPUs was up compared to a year ago and down from the previous quarter, due to a higher percentage of Ryzen mobile processor sales. AMD now expects 2020 revenue to grow by approximately 32 percent compared to 2019 driven by strength in PC, gaming and data center products. I attribute most of this Epyc growth to cloud service, SaaS, and HPC players embracing the platform more and more.

AMD is pinning its 20% revenue growth forecast in four areas. This was slightly above the expectations of 1.86 billion that analysts had suggested.  AMD now expects 2020 revenue to grow by approximately 32 percent compared to 2019 driven by strength in PC, gaming and data center products. We have provided a few examples below that you can copy and paste to your site: Revenue was $1.93 billion, up 26 percent year-over-year primarily driven by higher Computing and Graphics segment revenue. These Confidential VMs provide customers with data security and high-performance cloud computing enabled by advanced security features on AMD EPYC processors. In response to a question on the call, Su said the third quarter would be strong for console chip sales and the fourth quarter would be lower, given the usual launch dynamics.In servers and consoles, Moorhead said, “While overall segment revenue was down, I was pleased to see that Epyc server CPUs set records as [Epyc] doubled revenue year-on-year. For the first quarter of 2020, AMD expects revenue to be approximately $1.8 billion, plus or minus $50 million, an increase of approximately 42% … On a non-GAAP basis, operating income was $233 million, net income was $216 million and diluted earnings per share was $0.18.For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. AMD now expects 2020 revenue to grow by approximately 32 percent compared to 2019 driven by strength in PC, gaming and data center products. Datacenter GPU declined year-over-year.In the analyst call, Su said AMD has begun production of its next-generation console system-on-chip products, which combine a processor and graphics in the same chip. In the third quarter, revenues are expected to be $2.31 billion. Non-GAAP gross margin is expected to be approximately 45 percent.AMD today announced revenue for the second quarter of 2020 of $1.93 billion, operating income of $173 million, net income of $157 million and diluted earnings per share of $0.13. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations.

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