World News – United States – AMD Reports Third Quarter 2020 Financial Results


– Record revenue increased 56% and net profit and EPS more than doubled year over year –

SANTA CLARA, Calif., Oct February 27, 2020 (GLOBE NEWSWIRE) – AMD (NASDAQ: AMD) today announced record third quarter 2020 revenue of $ 2.80 billion, a profit of operating of $ 449 million, net income of $ 390 million and diluted earnings per share of $ 032 On a non-GAAP * basis, operating income was $ 525 million, net income of $ 501 million dollars and diluted earnings per share of $ 0 41

« Our business accelerated in the third quarter as strong demand for our PC, gaming and data center products generated record quarterly revenue, » said Dr. Lisa Su, Chief Executive Officer from AMD “We announced our fourth consecutive quarter with revenue growth of over 25% year over year, highlighting our strong customer momentum We are well positioned to continue to deliver first-rate growth as we further expand our portfolio of leading products with the launches of our next-generation Ryzen, Radeon and EPYC processors. »

AMD’s current forward-looking statements are based on current expectations The following statements are forward-looking and actual results may differ materially depending on market conditions and the factors set forth in the « Cautionary Note » section below

For the fourth quarter of 2020, AMD forecasts revenue of approximately $ 3.0 billion, plus or minus $ 100 million, an increase of approximately 41% year-over-year and 7 % sequentially Year-over-year increase is expected to be primarily driven by ramp-up of new Ryzen, EPYC and semi-custom products and growing customer momentum AMD expects non-GAAP gross margin to be around 45% in the fourth quarter of 2020

AMD now expects 2020 revenue growth of around 41% from 2019, up from 32% previously Non-GAAP gross margin is expected to be approximately 45%, in line with previous forecasts

AMD Conference Call AMD to host a conference call for the financial community at 8:00 am ET (5:00 am PT) today to discuss its third quarter 2020 financial results AMD will provide real-time audio broadcast of the conference call on the Investor Relations page of its website at wwwamdcom The webcast will be available for 12 months following the conference call

About AMD For more than 50 years, AMD has pioneered innovation in high-performance computing, graphics and visualization technologies – the building blocks of games, immersive platforms and Data Center Hundreds of millions of consumers, leading Fortune 500 companies, and cutting-edge scientific research facilities around the world rely on AMD technology every day to improve their lives, work and play AMD Employees Across the Globe Focus on Creating Great Products That Push the Limits of the Possible For more information on how AMD enables today and inspires tomorrow, visit the AMD website (NASDAQ: AMD), the blog, the Facebook and Twitter pages

This press release contains forward-looking statements regarding Advanced Micro Devices, Inc. (AMD) such as AMD’s ability to continue to deliver best-in-class growth and to expand its portfolio of leading products; the characteristics, features, performance, availability, schedule and expected benefits of AMD products; and AMD’s expected outlook for the fourth quarter of 2020, including non-GAAP revenue and gross margin and expected factors, based on current expectations, the global economic environment and customer demand signals, which are prepared in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 Forward-looking statements are generally identified by words such as « would », « could », « expect », « believe », « expect » , « Intends », « plans » and other terms with similar meanings Investors are cautioned that the forward-looking statements contained in this press release are based on current beliefs, assumptions and expectations, and are valid 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 Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, which could cause actual results and other future events to differ materially from those expressed, implied or projected by forward-looking information and statements Important factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance in the microprocessor market and its practices aggressive business; the ability of third-party manufacturers to manufacture AMD products in a timely manner, in sufficient quantities and using competing technologies; expected manufacturing yields for AMD products; AMD’s ability to introduce timely products with features and performance levels that deliver value to its customers; global economic uncertainty; the loss of an important customer; AMD’s ability to generate revenue from its semi-personalized SoC products; the impact of the COVID-19 pandemic on AMD’s business, financial condition and results of operations; political, legal, economic and natural disasters; the impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; potential security vulnerabilities; potential computer failures, data loss, data breaches and cyber attacks; uncertainties associated with ordering and shipping AMD products; quarterly and seasonal sales trends; restrictions imposed by the agreements governing the AMD Notes and the Secured Credit Facility; the competitive markets in which AMD products are sold; AMD’s ability to generate sufficient operating income and cash flow or to secure external funding for research and development or other strategic investments; the potential dilutive effect if the 2 125% senior convertible bonds maturing in 2026 are converted; market conditions in the industries in which AMD products are sold; AMD’s use of third party intellectual property to design and launch new products in a timely manner; AMD’s reliance on third-party companies for the design, manufacture and supply of motherboards, software and other computer platform components; AMD’s dependence on the assistance of Microsoft Corporation and other software vendors to design and develop software to run on AMD products; AMD’s dependence on third-party distributors and complementary partners; future goodwill impairments and technology license purchases; AMD’s ability to attract and retain qualified personnel; AMD’s debt; AMD’s ability to generate sufficient liquidity to service its debt or meet its working capital needs; AMD’s ability to buy back its outstanding debt in the event of a change of control; the cyclical nature of the semiconductor industry; the impact of acquisitions, joint ventures and / or investments on AMD’s business; the impact of modifying or interrupting AMD’s business processes and internal information systems; the availability of essential equipment, materials or manufacturing processes; compatibility of AMD products with all or part of industry standard software and hardware; costs related to defective products; the efficiency of AMD’s supply chain; AMD’s ability to rely on third-party logistics functions in the supply chain; The volatility of AMD’s share price; global political conditions; unfavorable fluctuations in exchange rates; AMD’s ability to effectively control the sales of its products on the gray market; AMD’s ability to adequately protect its technology or other intellectual property; current and future claims and disputes; potential tax obligations; and the impact of environmental laws, conflict minerals provisions and other laws or regulations Investors are urged to consider in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including , but not limited to, AMD’s quarterly report on Form 10-Q for the quarter ended June 27, 2020

AMD, the AMD Arrow logo, EPYC, Radeon, Ryzen, Athlon, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only, used to identify companies and products and may be trademarks of their owner

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Advanced Micro-Devices, Revenues

World News – US – AMD Reports Third Quarter 2020 Financial Results
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