Shares of Advanced Micro Devices, increased on 47.4% since the beginning of the year, rose on 10% after the announcement of the financial results of the 2nd quarter, which ended on June 27, and the publication of optimistic forecasts, despite the pandemic.<\/p>\n
The report was preceded by a sharp rise in shares of AMD after a disappointing announcement from Intel (INTC) about the delay in the release of 7-nm. edition of chips for the next-generation, while AMD already supplies 7-nm chips for computers.<\/p>\n
For the 2nd quarter, Advanced Micro Devices reported about earnings per share increase to $ 0.18, which is $ 0.02 higher than the analytical estimate of $ 0.16.<\/p>\n
The amount of quarterly profit (net income) increased to $ 157 million compared to $ 35 million for the same period a year earlier.<\/p>\n
Total revenue rose on 26% to $ 1.93 billion, which means above analysts’ average estimates of $ 1.86 billion.<\/p>\n
Sales of central and graphics chips AMD increased by 45% (compared to last year’s value) to $ 1.37 billion, which is slightly higher than analysts expect of $ 1.36 billion.<\/p>\n
Sales of enterprise embedded and semi-standard chips – a division that includes revenue from server chips and game console chips \u2013dropped down from 4% to $ 565 million, but appeared significantly higher than analysts’ average forecasts of $ 485.5 million.<\/p>\n
CEO Lisa Su commented on the financial report and said that despite the “macroeconomic uncertainty”, the company expects an annual income to grow by 32% compared to last year, which is higher than the previous growth forecast of 25%, plus or minus 5%.<\/p>\n
This increase was driven by high expectations for sales of EPYC server processors and game console chips from Microsoft (MSFT) and Sony, as well as Ryzen processors.<\/p>\n
“We forecast significant growth in the second half of the year as we expect the release of the new PlayStation 5 and Xbox Series X consoles,” Su asserted.<\/p>\n
In the third quarter, AMD expects revenue of $ 2.45 billion to $ 2.65 billion, compared with analysts’ expectations of $ 2.32 billion.<\/p>\n
With respect to total 2020 AMD expects revenue growth of approximately 32% to $ 8.9 billion, while Wall Street estimates expect an increase by 25% this year to $ 8.4 billion.<\/p>\n
“We are on the path for rapid growth in the second half of the year thanks to our current product portfolio and the initial supply of our next-generation Zen 3 and GPU RDNA 2 processors, which are scheduled to launch in late 2020,” said Lisa Su<\/p>\n","protected":false},"featured_media":122072,"menu_order":0,"template":"","newscat":[9],"newstag":[27291,26538,27292,24475,27306,27290,26368,24933,24936],"issues":[],"class_list":["post-122071","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti","newstag-advanced-micro-devices","newstag-amd","newstag-epyc","newstag-intel","newstag-pandemic","newstag-playstation-5","newstag-xbox-series-x","newstag-pandemyya-koronavyrusa","newstag-pandemiya-koronavirusu"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/122071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/122072"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=122071"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=122071"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=122071"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=122071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}