News AMD 1Q19 Earnings Report

[Hitman928]

Dropping very soon. Stock up 5% in immediate after hours trading either from hot anticipation or leaked results.

Edit:
EPS in line. Very slightly higher than expected revenue.

 

[Hitman928]

Still waiting on revenue breakdown and projections.

 

[UsandThem]

Still waiting on revenue breakdown and projections.

I think this thread is waiting for anything to see and argue talk about.

 

[Hitman928]

Revenue breakdown: Computing and Graphics, $831M (consensus: $855.7M, -26% Y/Y on lower graphics channel sales); Enterprise Embedded, $441M (consensus: $410.2M, -17% primarily on lower semi-custom).

Gross margin was up 5 percentage points Y/Y to 41% on the Ryzen ramp and EPYC sales.

In-line Q2 outlook has revenue of $1.47B to $1.57B (consensus: $1.52B) with gross margin around 41%.

https://seekingalpha.com/news/3456572-amd-plus-5-percent-revenue-beat

 

[Hitman928]

Seems like GPUs still hurting but Epyc continues to improve its market position. Semi-custom continues the expected downward trend as current consoles reach EOL but that should bounce back in a major way with the next gen consoles not too far off.

 

[sandorski]

Lookin good.

 

[Karnak]

Most important: Q3/Q4 guidance is still the same, which means we'll see revenue of >=$4 billion in the 2nd half of the year.

 

[trivik12]

AMD is all about H2 and Q2 guidance is also well below Q2 2018. So Q3 has to be > 2B as Q4 for AMD is generally lower than Q3.

 

[Dayman1225]

On Earnings call Lisa Su stated that Navi would be delivered in Q3 and that key production milestones achieved on Rome with their biggest OEMs. Rome production shipments in Q2, launch in Q3.

 

[trivik12]

On Earnings call Lisa Su stated that Navi would be delivered in Q3 and that key production milestones achieved on Rome with their biggest OEMs. Rome production shipments in Q2, launch in Q3.

So no 7nm launches before Q3. Could be like September?

 

[Hitman928]

AMD is all about H2 and Q2 guidance is also well below Q2 2018. So Q3 has to be > 2B as Q4 for AMD is generally lower than Q3.

I don't believe that last statement is true anymore with the new way AMD does their accounting. I believe 4Q should be highest revenue quarter now.

 

[jpiniero]

I don't believe that last statement is true anymore with the new way AMD does their accounting. I believe 4Q should be highest revenue quarter now.

It's probally because the consoles were such a large portion of AMD's revenue and profits in past years. The peak of console sales is Q4 of course, but AMD delivers the chips in Q3.

 

[sandorski]

So no 7nm launches before Q3. Could be like September?

Q3 starts in July.

 

[trivik12]

Q3 starts in July.

if they plan on early Q3. they will state it. Companies when they mention a Quarter generally means end of it rather than early part. We will see for sure.

 

[thigobr]

Rome is sampling since last year I was expecting an early launch. Let's see...

 

[Centauri]

As a shareholder since 2011... 41% margin =

 

[Ajay]

On Earnings call Lisa Su stated that Navi would be delivered in Q3 and that key production milestones achieved on Rome with their biggest OEMs. Rome production shipments in Q2, launch in Q3.

Nothing about Ryzen??

 

[Yotsugi]

Nothing about Ryzen??

Nothing concrete about Navi either.
They're throwing a Computex keynote for a reason.

 

[krumme]

At least the " you earn nothing on consoles " crap will end as well as the usual margin bs that is not comparable. Fanboy trashtalk that reached mainstream media coverage of amd financials during the last years.
The brutal truth is it was semi that kept amd afloat so it was just exactly the opposite of portrayed.
Add here crypto put thick lipstick on a sinking gpu performance. If amd is able to turn that trainwreck it will look very good.

 

[Ajay]

Wow, it’s a tough slog in enterprise/cloud markets, from the earnings transcript:

Yes, sure, Vivek. As we look through 2018, we're pretty pleased with our progress on EPYC, and coming off of the fourth quarter, actually, it was a fairly strong fourth quarter for us and the fact that we've doubled the number of units for our server business. And when you look at that mix, it is more cloud-weighted. So we had some large deployments that went online here in the fourth quarter, and that was positive for us.
That being said though, we're making nice progress in the Enterprise and HPC side of the business too. We've had a number of wins in the quarter as well as going into 2019. So as we look into 2019, I would expect that the early Rome deployments will also be cloud-based. We'll be the first ones, but we have a strong set of enterprise platforms, and as I mentioned earlier, it's the breadth of the OEM platforms that gives us good confidence that we're going to a broader set of workloads and having broader coverage in the market.
In terms of share assumptions, we'll have to see how the market and the year play out, but I think what we've said before is that, after reaching the mid-single digit market share in the fourth-quarter 2018, we would expect it would take another four to six quarters to reach 10% market share. And I think we're still in that range.

 

[Ajay]

Nothing concrete about Navi either.
They're throwing a Computex keynote for a reason.

Yeah, they are being vague on purpose. As you intimate, a 7nm Ryzen announcement is the only card left for creating some serious Computex buzz.

 

[Yotsugi]

7nm Ryzen announcement is the only card left for creating some serious Computex buzz.

Navi disclosure would probably make people go ballistic.

 

[Confirmation]

i was an intel user from 1990 to 2014, after 2014 i bought an APU, and everything changed

the turbo technology in APU makes a good use between multi core apps, and single core apps, better than intel
temperatures are a lot lower than intel temps
performance is a lot higher than intel performance as a desktop user and gamer user
power consumption a lot less
heatsink amd is easier than intel heatsinks, with amd you can replace the fan, with intel not, you have to do many harder things to save an intel heatsink.. ( i think this ridicolous problem was intentional by intel, because they think for in money than in the people... )

even knowing this, i started to use my old build of intel

i7 920 p6t deluxe with a nvidia card, just for use some things such as VMs and things as that

but im sure of something... next build ill make for my home computer will be AMD..

i was watching ryzen 1700 but watching what could come in 2020 USB 4.0 and ddr5 mems, ill think ill wait for that arrive first, and ill renew my system to AMD

 

[CHADBOGA]

I'm surprised how long it is taking AMD to make some serious profits, considering how much better their CPU lineup is now compared to the Bulldozer days.

 

[PotatoWithEarsOnSide]

Their serious profits kick in when Sony and Microsoft release their next-gen consoles since we can safely assume that the rest of their business is likely to grow decently in the meantime.