2017 Q2营收增长 19%
Ryzen + 图形业务营收两位数增长 = 计算与图形业务营收16年同期增长51%
Threadripper = 八月
Ryzen Pro = Q3
Raven Ridge = Q3
图形 = 出货量增加，游戏和虚拟货币为主要驱动力
Vega FE 6月发布，数据中心有部分销量
主机 = 出货6000万台PS4, XBOX One X 今年Q4
A: “很受欢迎，包括许多友商、OEM和ODM。他们很感兴趣，增加了额外的客户支持以确保平台稳定性。这方面的营收会在今年下半年继续增加 – 验证需要最多4个季度，在数据中心方面开始增长之前需要时间。”
“虚拟币提升了GPU销量，但也是把双刃剑 – 对于矿工和二手卡方面有措施吗?”
A: “RX500系列有更好的性能，定位很好（游戏和挖矿），我们正准备补货，专注游戏市场 -这是我们的核心市场。和主要零售商一起向游戏市场供货。我们没有预见到虚拟币的爆发，也不觉得会长久，但我们会留意”
A: “客户知道Ryzen EPYC和Vega有性能，路线图很稳健，为了下代Ryzen我们在7nm上投入很大力量。我们在多家代工厂和多个设计队伍上同时进展，保持下几代的竞争力。“
A: “现在还太早但OEM已经发布了产品，刚开始增加产量。移动ASP方面，以前的产品略有下降。然而Ryzen在OEM领域马上会起飞，尤其是Q3发布Ryzen移动版 APU之后。”
A: “到Q3 ER会有更多信息，需要时间”
A: “营收增长、业务实力等等导致的。Q3 Q4一样。”
“R&D的增加很好 , R&D的优先度是怎样的?”
A: “OPEX & R&D 在增加, 这是经过考虑的。我们将会继续现有的模式。R&D集中在数据中心处理、深度学习及计算方面。我们很高兴能增加R&D，以推动高利润市场。”
AMD Reports Second Quarter 2017 Financial Results
– Revenue Increased 19 Percent Year-over-Year –
SUNNYVALE, Calif., July 25, 2017 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2017 of $1.22 billion, operating income of $25 million, and net loss of $16 million, or $(0.02) per share. On a non-GAAP(1) basis, operating income was $49 million, net income was $19 million, and earnings per share was $0.02.
“Our second quarter results demonstrate strong growth driven by leadership products and focused execution,” said Dr. Lisa Su, AMD president and CEO. “Our Ryzen desktop processors, Vega GPUs, and EPYC datacenter products have received tremendous industry recognition. We are very pleased with our improved financial performance, including double digit revenue growth and year-over-year gross margin expansion on the strength of our new products.”
Q2 2017 Results
On a GAAP basis, revenue was $1.22 billion, up 19 percent year-over-year, driven by higher revenue in the Computing and Graphics segment. Revenue was up 24 percent sequentially, driven by increased sales in both business segments. Gross margin was 33 percent, up 2 percentage points year-over-year due to a richer product mix and a higher percentage of revenue from the Computing and Graphics segment, driven by the first full quarter of Ryzen processor sales. On a sequential basis, gross margin declined 1 percentage point due to a higher percentage of revenue from the Enterprise, Embedded and Semi-Custom segment. Operating income was $25 million compared to an operating loss of $8 million a year ago and an operating loss of $29 million in the prior quarter. Net loss was $16 million compared to net income of $69 million a year ago and a net loss of $73 million in the prior quarter. Loss per share was $0.02 compared to diluted earnings per share of $0.08 a year ago (which included a pre-tax gain of $150 million related to our ATMP JV transaction) and a loss per share of $0.08 in the prior quarter.
On a non-GAAP(1) basis, operating income was $49 million compared to operating income of $3 million a year ago and an operating loss of $6 million in the prior quarter. Net income was $19 million compared to a net loss of $40 million a year ago and a net loss of $38 million in the prior quarter. Diluted earnings per share was $0.02 compared to a loss per share of $0.05 a year ago and a loss per share of $0.04 in the prior quarter.
Cash, cash equivalents, and marketable securities were $844 million at the end of the quarter, compared to $943 million in the prior quarter.
Quarterly Financial Segment Summary
? Computing and Graphics segment revenue was $659 million, up 51 percent year-over-year, driven by demand for graphics and Ryzen desktop processors.
Operating income was $7 million, compared to an operating loss of $81 million in Q2 2016. The year-over-year improvement was driven primarily by higher revenue and improved product mix.
Client average selling price (ASP) increased significantly year-over-year, as desktop processor ASP increased due to the first full quarter of Ryzen processor shipments.
GPU ASP increased year-over-year.
? Enterprise, Embedded and Semi-Custom segment revenue was $563 million, down 5 percent year-over-year primarily due to lower semi-custom SoC sales. In the quarter, AMD reached an important milestone by recognizing initial revenue from EPYC datacenter processor shipments.
Operating income was $42 million, compared to operating income of $84 million in Q2 2016. The year-over-year decrease was primarily due to lower revenue and higher datacenter related R&D investments.
? All Other operating loss was $24 million compared with an operating loss of $11 million in Q2 2016. The year-over-year difference in operating loss was related to stock-based compensation charges and a $7 million restructuring credit in Q2 2016.
Q2 2017 Highlights
AMD launched its new “Zen” architecture-based EPYC? 7000 series processors, returning innovation and choice to the x86 server market with record setting single and dual-socket performance and product introductions from 10 of the world’s largest server manufacturers.
AMD introduced its upcoming high-end desktop solution targeted at the world’s fastest ultra-premium desktop systems, the Ryzen? Threadripper? CPU.
AMD unveiled new details about its upcoming Ryzen? 3 desktop CPUs.
AMD launched its Ryzen? PRO desktop processors, designed to bring reliability, security, and performance to enterprise desktops.
AMD announced that Radeon Instinct? accelerators, including Radeon Instinct MI25, MI8, and MI6, together with AMD’s open ROCm 1.6 software platform, will ship in Q3 2017.
AMD launched the Radeon? Vega Frontier Edition graphics card which expands the capacity of traditional GPU memory to 256TB by leveraging system memory.
AMD introduced the Radeon? RX 580 and Radeon? RX 570 graphics cards, engineered using the 2nd generation Polaris architecture for smooth gaming in leading AAA games at HD resolutions and higher.
Microsoft® unveiled new details and branding for its Xbox One X? (formerly “Project Scorpio”), which features an AMD semi-custom chip.
AMD announced that it has been selected by the Department of Energy’s Exascale Computing Project (ECP) to accelerate critical computing technology research for the development of the nation’s first exascale supercomputers.
At Financial Analyst Day, AMD detailed the next phase of its long-term growth strategy focused on delivering products and technologies for a combined $60 billion market for PCs, immersive devices, and datacenters.
AMD announced the appointment of Abhi Y. Talwalkar to its board of directors.
AMD’s outlook statements are based on current expectations. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.
For the third quarter of 2017, AMD expects revenue to increase approximately 23 percent sequentially, plus or minus 3 percent. The midpoint of guidance would result in third quarter 2017 revenue increasing approximately 15 percent year-over-year. AMD now expects annual revenue to increase by a mid to high-teens percentage, compared to prior guidance of low double digit percentage revenue growth.
For additional details regarding AMD’s results and outlook please see the CFO commentary posted at quarterlyearnings.amd.com.
AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its second quarter 2017 financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. The webcast will be available for 12 months after the conference call.
1.In this earnings press release, in addition to GAAP financial results, AMD has provided non-GAAP financial measures including non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP earnings (loss) per share. These non-GAAP financial measures reflect certain adjustments as presented in the tables in this earnings press release. AMD also provided adjusted EBITDA and free cash flow as supplemental non-GAAP measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this earnings press release. AMD is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because AMD believes it assists investors in comparing AMD’s performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables. Refer to the data tables at the end of this earnings press release.
See footnotes on the next page
(1 ) The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete graphics processing units (GPUs) and professional graphics processors.
(2 ) The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom System-on-Chip (SoC) products, development services and technology for game consoles. The Company also licenses portions of intellectual property portfolio.
(3 ) All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments. Also included in this category are stock-based compensation expense and restructuring and other special charges, net.
(4 ) Starting in Q1 2017, the Company classifies production mask sets as property, plant and equipment on its balance sheet.
* The Company presents “Adjusted EBITDA” as a supplemental measure of its performance. Adjusted EBITDA for the Company is determined by adjusting operating income (loss) for depreciation and amortization, stock-based compensation expense and restructuring and other special charges, net. The Company calculates and presents Adjusted EBITDA because management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. In addition, the Company presents Adjusted EBITDA because it believes this measure assists investors in comparing its performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. The Company’s calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of operating income (loss) or GAAP liquidity measures of cash flows from operating, investing and financing activities. In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest income and expense and income taxes that can affect cash flows.
** The Company also presents free cash flow as a supplemental Non-GAAP measure of its performance. Free cash flow is determined by adjusting GAAP net cash provided by (used in) operating activities for capital expenditures. The Company calculates and communicates free cash flow in the financial earnings press release because management believes it is of importance to investors to understand the nature of these cash flows. The Company’s calculation of free cash flow may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view free cash flow as an alternative to GAAP liquidity measures of cash flows from operating activities.
The Company has provided reconciliations within the earnings press release of these non-GAAP financial measures to the most directly comparable GAAP financial measures.