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AMD on the road to recovery.

In any case Market value is not so much based on revenue as it is what people think the company will grow into, what they get long term in return for their investment.

Nvidia are valued higher than AMD and Intel put together on revenues of $26 Billion, because they have continuous growth and a high confidence among investors that they are going to be a much larger company in the future.

Intel are very depressed, they are losing market share to every competitor, their product roadmap is uninspiring, Pat Gelsinger keeps popping up #### talking AMD and how they are now in the rear view mirror and then having to walk back that arrogance when people point at AMD's up coming Genoa and Bergamo CPU's and asking "are you sure, Pat?"
Its not a good look, Intel's margins are down from 65% in 2017 to 53% now, i just watched Ian Cutress interview an industry expert who pointed out Intel have pretty much admitted they are not actually going to make any real money over the next couple of years.

AMD are very much resurgent, taking market share from Intel or forcing them to give away margins to keep it, thier revenue is growing by an average of 30% annually, AMD's revenues are forecast to be $21 Billion at the close of this year, up from $16.4 Billion, their margins are growing, currently at 50%, they will probably over take Intel's margins this year, they are constantly expanding and then growing in new markets.
 
HACO said:
Not really feasible when there's such a large gap between TSMC and others. You'd have to design your uarch/chips for the worst fab you want to use, it takes away a big advantage that AMD has over Intel. This is also the case in mobile chips right now, ARM can't design cores that would require N5, they have to design it to be built on worse nodes, so even when Mediatek can secure N5 they're not getting the full benefit as they're using uarchs/chips designed for worse nodes.

There's so much competition for TSMC's wafers right now and AMD not being as cash-rich as some of their competitors has definitely limited their bidding power. With Qualcomm planning to come back to TSMC things might get even more difficult. But things can change as AMD just got another credit rating bump (to A-/A3) which should help them raising funds allowing them to at least outbid the likes of Qualcomm and Mediatek.



No thanks :D
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AMD 14nm Chips used half the power with at twice the performance of Intel 14nm chips.

Currently Intel's 10nm + chips use 3X as much power per core vs Zen 3 (7nm) and Intel claim thier 10nm + is "At least as good as TSMC 7nm" even renaming it "Intel 7"

Intel has far too bigger problems for AMD to worry about them.

These arguments that AMD will always be outbit by [Insert name here] at TSMC have been going on since the day AMD switched to TSMC for CPU's and yet TSMC revenue growth has been the result of their partnership with AMD more than all others except Apple.

For too many years so called industry experts have been making far too many perditions about which way AMD will meet its demise or stop them from moving forward, to such an extent its a meme in its self now as these people are increasingly viewed as clowns, AMD continues to defy these people to such an extent it makes them look like a joke, at least some of them now to keep what is left of their shredded reputation have stopped commenting on AMD like this entirly, the rest of them need to do the same before they become the meme.
 
@HACO Out of interest what would you think about AMD buying their old fab back?

pete910 said:
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Look at the decimal ........
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Shut up you :P
 
That was my thinking, AMD could make a mixture of products, buy up Samsung's / TSMC's old 7nm / 8nm node and make lower end products with them, use TSMC 5nm for higher end products.

They could sell what capacity they aren't using, GloFo are still making a profit even on 14nm, AMD could slowly build up their own foundry business, again. There is demand for it.
 
Just as everyone else if there is money to be made AMD will sell anything, the problem is capacity, they don't have any so they are using what they do have for higher margin stuff.

That should change with new nodes, 6nm and 5nm opening up to them is new capacity, Zen 3 is still competitive even vs ADL, the 5600G and 5700G are prime examples of what could become more budget orientated chips, just re-brand them and sell them for $149 and $199 once Zen 4 is out.

I don't know about sub $100 CPU's, that would probably need a much smaller chip which AMD don't have in their current line-up.
 
You're right that is a risk, but i do think AMD are looking to diversify their manufacturing as a way to increase capacity, greatly, it doesn't need to have everything on the best node available to them (5nm) or even the second best node (6nm) AMD have the technology to make competitive products on nodes that are multiple generations old, like 7nm if they are not in the high end.
 
Q1 2022 Financial results.

AMD beats expectations by $300 Million.

Revenue: $5.887 Billion, up 71% Y/Y, up 22% Q/Q
Gross Profit: $2.18 Billion, up 78% Y/Y, up 18% Q/Q
Operating expenses: $1.95 Billion , up 110% Y/Y, up 59% Q/Q
Operating income: 0.951 Billion, up 44% Y/Y, down 21% Q/Q

AMD's revenue has increased significantly Y/Y and Q/Q due to strong Data-centre demand, Operating expenses have also increased greatly due to Xilinx Acquisition costs, that has resulted in 21% less operating income for this quarter.

For the second Quarter AMD are expected to generate revenues of $6.5 Billion through Data-centre growth.

Full year 2022 AMD is expected to generate $26.3 Billion in revenue, this compared with $16.4 Billion full year 2021, an increase of $9.9 Billion.
By 2021 Chip designer by revenue rankings this would put AMD #5, up from #10 and ahead of Nvidia, tho they are also expected to grow in 2022 so probably not.
Still, AMD are growing from strength to strength, Intel's 2021 revenue was $79 Billion. Samsung $81 Billion and Nvidia $26 Billion.

seekingalpha.com

Advanced Micro Devices tops earnings and revenue expectations; revenue jumps 71%

Advanced Micro Devices press release (AMD): Q1 Non-GAAP EPS of $1.13 beats by $0.20.Revenue of $5.9B (+71.2% Y/Y) beats by $330M.Shares +4.2%.For the second quarter of...
seekingalpha.com seekingalpha.com
 
Troezar said:
Yes they are still small relatively speaking but do seem to be steadily growing and their technologies are impressive.
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I don't think they are, going by 2021 revenue rankings this is where AMD would land today.

Chip designers in perspective year 2021.

#1 Samsung: $81.3 Billion
#2 Intel: $79 Billion
#3 SK Hynix: 37.1 Billion
#4 Micron: $30 Billion
#5 Qualcomm: $29.2 Billion
#6 Advanced Micro Devices: $26.3 Billion
#6 Nvidia: $26 Billion
#7 Broadcom: $20.9 Billion
#8 Texas Instruments: $18.3 Billion
#9 MediaTech: $17.7 Billion
#10 Advanced Micro Devices: $16.4 Billion (Actual 2021)
#11 Apple: $15.1 Billion
#12 Infineon: $13.5 Billion
#13 Kioxia: $13.4 Billion
#14 ST: 12.8 Billion
#15 NXP $11 Billion

If AMD keep growing at the rate they have been they will overtake Qualcomm and Micron to land behind #3 SK Hynix and #2 Intel in 2023. AMD are the fastest growing semiconductor, and by a long way.
Being around where Nvidia are i don't think we can say AMD are relatively small.
 
Troezar said:
By relatively I should have qualified, relative to their two main rivals Intel and Nvidia (Nvidia has similar revenue but all in GPU-ish), whose market share they will need to take to match them. Great job so far but still some way to go bearing in mind they are fighting on two fronts. As you say rate of growth is impressive.
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Fair enough, i would be interested to see Intel's financials next, it seems to me increasingly AMD are pushing Intel out of data-centre, that's where all of AMD's growth is from and their gain must be someone's loss.
 
HACO said:
Intel is losing market share but not total market as datacentre market is growing very rapidly (expecting to quadruple by 2030). Intel reported earnings last week, while overall revenues were down 7%, their datacentre revenues were up 22%. Although most of this would likely be replacing Intel's own older chips rather than expanding their install base.

AMD leads in all key datacentre metrics, perf/W, perf/sqm, perf/$ and has x86 so most clients are able to switch from Intel to AMD infrastructure with minimal efforts. AMD is the obvious choice for expanding capacity at datacentres.
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Margins are also down another 3.2 percentage points, from 53.6% Q4 2021 to 50.4% this quarter.

Intel's 2017 margins were 65%, they have been falling ever since and that trend continues.
 
NinjaCool said:
AMD is still doing well selling about 2 CPU's for every Intel CPU at Mindfactory but it will be very interesting to see what happens when the next gen CPU's hits the market.
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Its interesting looking a bit deeper in to that, Intel's best selling CPU is the 12400F, one of the cheapest in the lineup, the 12700K is doing quite well too but AMD are selling about 2X as many 5900X.

Intel have indeed regained a significant share of the market but its not with the expensive ones. just selling a bunch of CPU's is nice and all, but Tesco sell a lot of cheap baked beans, i'm sure they would like to be selling a lot more Heinz, but that's another story :D
 
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Troezar said:
Good example of expensive branded items not always being the best. Brands evolved to guarantee a level of quality but now seem to be being used to sell poor quality to the unthinking. Amazing how much money can be saved by just looking into what you're buying and not just the label, and often getting something better too!
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That works any which way, despite all my messing about i do actually think the 12700K is a damned good CPU and it is worth the money, it just has one problem. its not the best. Nothing from Intel is.
 
Grim5 said:
There doesn't seem to be much discussion on share price when it's not doing well

AMD shares have lost 60% value in the last 7 months
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This is why we don't talk about that ^^^

Finners said:
I work it out as 52% loss for AMD from ATH and intel has lost 47% since their high.

Nvidia has lost 56%!
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Investors think there is a recession coming, which usually spells bad news for expensive tech.

Zarax said:
That's a quite strong statement, Humbug.
While I have some doubts myself about their hybrid architecture, 12700k reviews have been pretty positive: What would you suggest at the same MSRP instead?
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As i said "i do actually think the 12700K is a damned good CPU and it is worth the money" why even ask that? :)
 
Finners said:
Articles like the above always make me cautious, just feels like they are saying what ever they want to make some money
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I read a lot of these types of articles and they all seem to have their vested short interests, they are silent when shares are on the up, once they peak they suddenly become very bearish, they go silent again when shares are on the way down, once they bottom out the same writers become very bullish.

It seems they are trying to influence those stocks rather than report on them.
 
Troezar said:
Always beware when there's money involved. If I haven't done my own research I wouldn't invest in anything just on someone else's advice. Good advice I read once was, if you can't explain it on one side of a sheet of paper you shouldn't be investing in it.
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Yeah, i would exand on that and say you shouldn't be investing in any company you don't intrinsically understand and have done for many years, you should know its past and present like its the back of your own hand, only that way can you understand its future.
 
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