Google announced new Confidential Virtual Machines for Google Compute Engine powered exclusively by AMD EPYC processors featuring AMD Secure Encrypted Virtualization. Gross margin is expected to increase year-over-year primarily driven by Ryzen and EPYC processor sales.AMD’s outlook statements are based on current expectations and contemplate the current COVID-19 environment, global economic backdrop and customer demand signals. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; the ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; expected manufacturing yields for AMD’s products; AMD's ability to introduce products on a timely basis with features and performance levels that provide value to its customers; AMD's ability to generate sufficient revenue and operating cash flow or obtain external financing for research and development or other strategic investments; the loss of a significant customer; AMD's ability to generate revenue from its semi-custom SoC products; global economic uncertainty; the impact of the COVID-19 pandemic on AMD’s business, financial condition and results of operations; political, legal, economic risks and natural disasters; the impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; potential security vulnerabilities; potential IT outages, data loss, data breaches and cyber-attacks; uncertainties involving the ordering and shipment of AMD’s products; quarterly and seasonal sales patterns; the restrictions imposed by agreements governing AMD’s notes and the secured credit facility; the competitive markets in which AMD’s products are sold; the potential dilutive effect if the 2.125% Convertible Senior Notes due 2026 are converted; market conditions of the industries in which AMD products are sold; AMD’s reliance on third-party intellectual property to design and introduce 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 reliance on Microsoft Corporation and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; future impairments of goodwill and technology license purchases; AMD’s ability to attract and retain qualified personnel; AMD's indebtedness; AMD's ability to generate sufficient cash to service its debt obligations or meet its working capital requirements; AMD's ability to repurchase 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 modification or interruption of AMD’s internal business processes and information systems; the availability of essential equipment, materials or manufacturing processes; compatibility of AMD’s products with some or all 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 supply-chain logistics functions; AMD’s stock price volatility; worldwide political conditions; unfavorable currency exchange rate fluctuations; 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 litigation; potential tax liabilities; and the impact of environmental laws, conflict minerals-related provisions and other laws or regulations.
(The latter represents chips for game consoles.) She noted that there are 54 Ryzen Mobile laptops in the market and HP and Lenovo are launching more soon. In the third quarter, revenues are expected to be $2.31 billion. Non-GAAP gross margin is expected to be approximately 45 percent. That money is already starting to come in as AMD ships chips to the companies ahead of launch.“AMD had a solid quarter, revenue- and profit-wise, with 26% growth and a 3% gross margin improvement. The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom products. 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. The results show that in its second-quarter AMD's revenue grew by 26% over the year and 8% sequentially. The following statements are forward-looking, and actual results could differ materially depending on market conditions, COVID-19 factors and the factors set forth under “Cautionary Statement” below.Data center adoption of 2nd Gen AMD EPYC processors continued to accelerate with unique cloud, enterprise and high-performance computing (HPC) wins. We have provided a few examples below that you can copy and paste to your site:If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. And AMD promises it will continue to move quickly when it comes to designing its next-generation processor architecture, dubbed Zen 3. 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. Your data export is now complete. On a non-GAAP basis 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.
In the year-ago quarter, AMD reported adjusted earnings of 8 cents a share and sales of $1.53 billion. 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. Revenue grows 40 percent year-over-year; Gross margin expands to 46 percent. But the competition will be stiff, as Intel is still much larger than AMD and has contingency plans to make high-quality chips with its current 10-nanometer manufacturing process.“We delivered strong second-quarter results, led by record notebook and server processor sales, as Ryzen [PC chip] and Epyc [server chip] revenue more than doubled from a year ago,” said AMD CEO Lisa Su in a statement.
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