AMD earnings and forecast beat

[formulav8]

So far stock has jumped 9% in after hours. Sounds good to me. There are of course other articles besides these. This is just a sample.

AMD earnings and forecast beat, sending stock soaring

The company said it earned an adjusted $0.11 per share, outpacing the $0.09 that analysts surveyed by Bloomberg were expecting. Revenue was $1.65 billion, which was ahead of the $1.57 billion that Wall Street was anticipating.

"The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Lisa Su, AMD's president and CEO, in a press release. "PC, gaming and datacenter adoption of our new, high-performance products continues to accelerate. We are excited about our long-term roadmaps and focused on delivering sustained revenue growth and profitability."

AMD earnings confirm it’s biting into Intel’s market share

Advanced Micro Devices is on a comeback and is stealing market share from archrival Intel, based on earnings results reported today. The Sunnyvale, California maker of PC processors and graphics chips reported revenue of $1.65 billion for the quarter, up 40 percent from a year earlier. Since the PC market isn’t growing at 40 percent, and since rival Intel also isn’t growing that fast, it’s logical to conclude that AMD’s latest processors are grabbing market share.

AMD stock jumps 8% after earnings beat

Advanced Micro Devices Inc. AMD, +9.58% reported higher profit than expected in an earnings report Wednesday, sending shares about 8% higher in after-hours trading. The chip maker, which has faced concerns about potential decreases in revenue from cryptocurrency mining, reported first-quarter net income of $81 million, or 8 cents a share, on sales of $1.65 billion, up about 40% from $1.18 billion a year ago. After adjusting for stock-based compensation and other factors, the company claimed earnings of 11 cents a share. Analysts on average were expecting adjusted earnings of 9 cents a share on sales of $1.57 billion, according to FactSet. AMD also predicted stronger revenue in the current quarter than analysts expected, guiding for revenue of $1.68 billion to $1.78 billion, while analysts were forecasting $1.58 billion. AMD stock gained about 8% after closing with a 3.8% decline at $9.71; shares have declined 28% in the past year, as the S&P 500 index SPX, +0.18% has gained 10.3%.

 

[raghu78]

AMD is just getting started with Q1 2018. Lisa Su said the notebook ramp is just starting. The ramp really gets going in Q2 and Q3 2018 for Back to school season. AMD is going to have a great 2018.

 

[deathBOB]

So how much of this is crypto and how much is Ryzen?

 

[raghu78]

Crypto contributed to 10% of overall revenue. I would say its alteast 30% of AMD GPU revenue.But the good thing is Ryzen is really only getting started in notebooks and EPYC is also only starting to ramp in volume. Both these will help offset crypto related GPU sales reduction in the next few quarters. AMD's guidance for Q2 2018 revenue of $1.725 bn includes GPU revenue being down due to lower crypto demand.

 

[whm1974]

So how much of this is crypto and how much is Ryzen?

Well Ryzen did put AMD back into the performance game, and folks are buying the CPUs and APUs in droves. So Ryzen counts for a great deal.

 

[Blitzvogel]

Kinda sucks that Epyc has taken so long to really start making inroads to data centers and of course there is such a paltry offering of Ryzen notebooks currently. Old APU inventories are part of the problem, but Ryzen really needs to be front and center when it competes head on with Intel's own laptop CPUs so well. Question is will the expected downturn in graphics sales (if the crypto-boom busts) be made up by the upswell in sales on desktop, notebook and data center? Epyc really seems like the line that could really elevate AMD back up to a permanent station beyond the possible short term volatility of GPU based crypto.

That revenue increase is amazing regardless.

 

[AtenRa]

Nice, EPYC is in a slow start but that was to be expected.
I believe Q3 2018 could reach 2B revenue.

 

[zinfamous]

Funny how the earnings and forecast were similar to 4Q17, which saw stock price drop something like 4% in response, lol.

short squeeze is on, I guess.

 

[Abwx]

CPU market response is not that good, perhaps that to catch up people need another round of 4C/8T CPUs at 300$+ and other 4C/4T@200$, not even talking of serve CPUs prices...

 

[Hitman928]

AMD had a heavy uptick in shorts leading up to their earnings report.

https://seekingalpha.com/article/4165673-amd-shorts-surge-earnings

Looks like all those shorts are getting squeezed this morning as the stock is up 12% just after the market open. It will be interesting to see if the stock can maintain that level throughout the day and if it leads to new momentum for the stock going forward or if it comes back down to earth soon.

 

[kawi6rr]

Great news for everyone, competition is great for the consumer.

 

[Abwx]

We have a 7-nanometer GPU based on Vega that we'll sample later this year. We have a 7-nanometer server CPU that we'll sample later this year.

Dr. Lisa Su, CEO AMD im April 2018

https://www.computerbase.de/2018-04/amd-7-nm-vega-starship-samples/

 

[tamz_msc]

https://www.computerbase.de/2018-04/amd-7-nm-vega-starship-samples/

Hopefully it's GloFo doing the CPU because otherwise it would mean that their 7nm might be delayed.

 

[Gikaseixas]

High margins on both GPUs and CPUs sure helped

 

[Yotsugi]

Hopefully it's GloFo doing the CPU because otherwise it would mean that their 7nm might be delayed.

We don't really know, since both TSMC and GloFo have ~H1 2019 volume for anything that is not a peanut-sized phone SoC.

 

[Abwx]

Hopefully it's GloFo doing the CPU because otherwise it would mean that their 7nm might be delayed.

GF made public statements that their 7nm will be on time, besides i dont think that they can afford to see
AMD fabbing CPUs at TSMC, dunno the precise number but AMD should be about 20% of their revenue.

Santa Clara, Calif., June 13, 2017 – GLOBALFOUNDRIES today announced the availability of its 7nm Leading-Performance (7LP) FinFET semiconductor technology, delivering a 40 percent generational performance boost to meet the needs of applications such as premium mobile processors, cloud servers and networking infrastructure. Design kits are available now, and the first customer products based on 7LP are expected to launch in the first half of 2018, with volume production ramping in the second half of 2018.

First customer and his products are undoubtly AMD s as was the case with 12LP.

 

[Lodix]

We don't really know, since both TSMC and GloFo have ~H1 2019 volume for anything that is not a peanut-sized phone SoC.

If by "peanut-sized' phone SOC you mean around the same die size of intel's desktop i7 yes.

 

[Yotsugi]

If by "peanut-sized' phone SOC you mean around the same die size of intel's desktop i7 yes.

Flagship phone SoCs top out at ~100-110mm^2.
6C CFL-S die is >150mm^2.
Zeppelin is 213mm^2.

 

[Lodix]

Flagship phone SoCs top out at ~100-110mm^2.
6C CFL-S die is >150mm^2.
Zeppelin is 213mm^2.

There are mobile SOCs bigger than 110mm^2 from Apple, Samsung, etc. Intel's 8700k is only 149mm^2 and because they decreased density with 14+ and again with 14++, and the process is very mature. Zeppelin are 2 dies :S

Any way the difference is not as big as u tried to imply.

 

[Yotsugi]

Zeppelin are 2 dies :S

?
It's one single 213mm^2 die.

Any way the difference is not as big as u tried to imply.

It's pretty big, given the difficulty and maturity of 7FF.
Plus the whole performance thing.