AMD on the road to recovery.

[jigger]

Make zen4 25% cheaper and make the motherboards 50% cheaper then they are onto a winner. At this rate they can moan about lacklustre PC build market or whatever but no one has spare £1000 to drop on a simple 8c CPU and a PCIE5 enabled motherboard with a set of 32GB DDR5.

Feel like this threads title should be AMD on the road to suicidal death

The desktop/DIY console market is just continuing it’s decline as per the pre lockdown boom. As far as I know AMD don’t make motherboards.

 

[humbug]

Advanced Micro Devices Non-GAAP EPS of $0.67 misses by $0.03, revenue of $5.57B misses by $80M

• Advanced Micro Devices press release (NASDAQ:AMD): Q3 Non-GAAP EPS of $0.67 misses by $0.03.
• Revenue of $5.57B (+29.2% Y/Y) misses by $80M.
• Shares +2.3%.
• For the fourth quarter of 2022, AMD expects revenue to be approximately $5.5 billion, plus or minus $300 million vs. $5.94B consensus, an increase of approximately 14% year-over-year and flat sequentially. Year-over-year and sequentially, the Embedded and Data Center segments are expected to grow. AMD expects non-GAAP gross margin to be approximately 51% in the fourth quarter of 2022.
  
  For the full year 2022, AMD expects revenue to be approximately $23.5 billion, plus or minus $300 million from prior outlook of $26.3B vs. $23.81B consensus, an increase of approximately 43% over 2021 led by growth in the Embedded and Data Center segments. AMD expects non-GAAP gross margin to be approximately 52% for 2022.

So not all good news but there are some interesting takeaways from it.

First the bad news, Client revenue is down 40% YoY, that is where the lower than expected revenue comes from, they just aren't selling as many Laptop's and OEM Desktops with AMD stuff in them as they did last year.
That's important but not really surprising in the current climate.

$1 Billion for that

Ok....

Datacentre up 45% YoY, $1.6 Billion for that, nice...
Gaming revenue up 14% YoY. $1.3 Billion.

Embedded up 1549%, $1.3 Billion, this is off the back of Xilinx, as well as Samsung Mobile Phones, and Tesla / Mercedes Benz.
This is a new sector for AMD and already its paying off with well over a Billion in revenue right from the get go.

Free Cash-flow, that's unallocated money in the coffers, $842 Million.

Expected revenue for 2022: $23.5 Billion

To put that in to context Nvidia earned $26.91 Billion in 2021, that's an all time record for them and up from $16.68 Billion in 2020, they will not be earning that this year.

In 2021 AMD earned $16.43 Billion
In 2020 $6.43 Billion
In 2019 $6.73 Billion
In 2018 $6.47 Billion
In 2017 $5.25 Billion
In 2016 $4.31 Billion
In 2015 $3.99 Billion

So in 2022 alone AMD have earned almost as much as they did in 2015, 2016, 2017, 2018 and 2019 put together.


I think anyone who says this has been a bad year for AMD must be joking

 

[Journey]

Everyone making PC's has had a bad year, and AMD's could have been so much better if it was not for this.

"Globally, PC sales fell a whopping 19.5% in the third quarter of 2022 — the largest decline since Gartner began tracking sales in the mid-1990s. Research firm IDC pegged the year-over-year drop at 15%, and echoed Gartner's take on the issues effecting sales, according the firm’s Worldwide Tracker.

“During the peak of the pandemic, many consumers, schools, and business sought new PCs and that surge has been largely fulfilled,” said Jitesh Ubrani, research manager for IDC's Mobility and Consumer Device Trackers."

 

[HACO]

Advanced Micro Devices Non-GAAP EPS of $0.67 misses by $0.03, revenue of $5.57B misses by $80M






So not all good news but there are some interesting takeaways from it.

First the bad news, Client revenue is down 40% YoY, that is where the lower than expected revenue comes from, they just aren't selling as many Laptop's and OEM Desktops with AMD stuff in them as they did last year.
That's important but not really surprising in the current climate.

$1 Billion for that

Ok....

Datacentre up 45% YoY, $1.6 Billion for that, nice...
Gaming revenue up 14% YoY. $1.3 Billion.

Embedded up 1549%, $1.3 Billion, this is off the back of Xilinx, as well as Samsung Mobile Phones, and Tesla / Mercedes Benz.
This is a new sector for AMD and already its paying off with well over a Billion in revenue right from the get go.

Free Cash-flow, that's unallocated money in the coffers, $842 Million.

Expected revenue for 2022: $23.5 Billion

To put that in to context Nvidia earned $26.91 Billion in 2021, that's an all time record for them and up from $16.68 Billion in 2020, they will not be earning that this year.

In 2021 AMD earned $16.43 Billion
In 2020 $6.43 Billion
In 2019 $6.73 Billion
In 2018 $6.47 Billion
In 2017 $5.25 Billion
In 2016 $4.31 Billion
In 2015 $3.99 Billion

So in 2022 alone AMD have earned almost as much as they did in 2015, 2016, 2017, 2018, 2019 and 2020 put together.


I think anyone who says this has been a bad year for AMD must be joking

Decent numbers overall.

 

[pete910]

So in 2022 alone AMD have earned almost as much as they did in 2015, 2016, 2017, 2018, 2019 and 2020 put together.

@SS-89 Humbugs maths again....

 

[humbug]

@SS-89 Humbugs maths again....

Oh #### off!

 

[SS-89]

@SS-89 Humbugs maths again....

mental right?

 

[TrixP10]

Disaster Q4 results for Intel. Will AMD be better? Will DC revenue pull them through?

Intel 'stumbled,' CEO says; shares drop 9.5% as loss forecast

Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.

www.reuters.com

 

[Deleted member 258511]

The way AMD have handled this 3d launch has been poor to say the least. Did they give their marketing to a primary school? Dates being pulled, info being released then pulled. Motherboard prices being too high. Then the GPU’s being absolute s…. On top.

People need to stop acting like these companies give a s… about them and say it like it is.

 

[TrixP10]

The way AMD have handled this 3d launch has been poor to say the least. Did they give their marketing to a primary school? Dates being pulled, info being released then pulled. Motherboard prices being too high. Then the GPU’s being absolute s…. On top.

People need to stop acting like these companies give a s… about them and say it like it is.

LOL, I don't honestly think that that launch was any worse than Intel's / Nvidia's stumbles. It certainly didn't save Intel's current demise.

 

[humbug]

Disaster Q4 results for Intel. Will AMD be better? Will DC revenue pull them through?

Intel 'stumbled,' CEO says; shares drop 9.5% as loss forecast

Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.

www.reuters.com

They are blaming it on falling PC sales, is it though?

Its still higher than pre-pandemic.

 

[Martini1991]

They are blaming it on falling PC sales, is it though?

Its still higher than pre-pandemic.

Capitalism always wants better year on year.
And year on year, they have fallen in 2022.

 

[humbug]

The proof is in the margins, Intel are having to sell ever lower to compete with AMD, they have already said this themselves, the margins on 13'th gen are virtually nothing, Intel's data-centre turnover is 4X as high as AMD's but they are only making a third as much profit from that as AMD, Intel make $200 Million from $4.5 Billion turn over in a quarter while AMD make $500 million profit from $1.6 Billion turnover.

Intel are no longer pulling all the leavers to stop AMD, they are just trying to stay relevant, that slide where Intel compared their cash stack to AMD's, remember that? Its all gone, guess what happened to it...

 

[humbug]

Intel margins 39%, AMD 52%

In the Bulldozer days AMD margins were 35%, with that AMD was going bust.

 

[Martini1991]

The proof is in the margins, Intel are having to sell ever lower to compete with AMD, they have already said this themselves, the margins on 13'th gen are virtually nothing, Intel's data-centre turnover is 4X as high as AMD's but they are only making a third as much profit from that as AMD, Intel make $200 Million from $4.5 Billion turn over in a quarter while AMD make £500 profit from $1.6 Billion turnover.

Intel are no longer pulling all the leavers to stop AMD, they are just trying to stay relevant, that slide where Intel compared their cash stack to AMD's, remember that? Its all gone, guess what happened to it...

Maybe AMD can lower their AM5 pricing to make them more desirable then lol

Instead AMD are taking us to the cleaners with their products

 

[humbug]

Maybe AMD can lower their AM5 pricing to make them more desirable then lol

Instead AMD are taking us to the cleaners with their products

They have, the problem is DDR5 motherboard prices.

Retailers are pushing AMD CPU's because they make $20 to $40 on those while they only make $5 on Intel's.

 

[TrixP10]

Maybe AMD can lower their AM5 pricing to make them more desirable then lol

Instead AMD are taking us to the cleaners with their products

Something that Intel would never do - lol. I very much doubt that given the economic headwinds etc. that AMD is trying to take their customers to the cleaners.

 

[humbug]

Something that Intel would never do - lol. I very much doubt that given the economic headwinds etc. that AMD is trying to take their customers to the cleaners.

The 7900XT is over priced, though still better value than the 4080, Ryzen 7000 series was expensive compared with the better 13'th gen, they weren't over priced but 13'th gen at a similar price were better, AMD fixed that now.

By the same token an RTX 3080 is £800, a 6800XT is £600, an RTX 3060 is £350, an RX 6650XT is £300 and the RX 6650XT is quite a bit better.

AMD are not doing bad, certainly a lot better than Nvidia, Intel are competitive but they are doing that selling near cost and forcing retailers to sell near cost.

 

[TrixP10]

The 7900XT is over priced, though still better value than the 4080, Ryzen 7000 series was expensive compared with the better 13'th gen, they weren't over priced but 13'th gen at a similar price were better, AMD fixed that now.

By the same token an RTX 3080 is £800, a 6800XT is £600, an RTX 3060 is £350, an RX 6650XT is £300 and the RX 6650XT is quite a bit better.

AMD are not doing bad, certainly a lot better than Nvidia, Intel are competitive but they are doing that selling near cost and forcing retailers to sell near cost.

Intel - rock and hard place. can't increase prices, can't decrease prices.

 

[humbug]

Intel - rock and hard place. can't increase prices, can't decrease prices.

Yeah...

Look at the Q4 2021 Operating margins ($3.8 Billion, 37%) to Q4 2022 ($0.7 Billion 11%)

That's serious. that's a very real problem, they can't keep going like this for long, the cash stash they would lean on to prop themselves up against this is already gone. If you can't generate any money after costs you can't R&D your next product. There's no money...