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AMD RDNA3 unveiling event

humbug said:
Let me show you something.

Datacentre:
From $4.6 Bllion revenue Intel made 200 Million profit. that's 4% margins
From $1.5 Billion revenue AMD made $500 Million profit. that's 33% margins

How did AMD do that????
D3ZgpaH.png
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Isn't that 64 cores at 12000 vs 80 cores at 20000
 
andybird123 said:
wrong, their most recent report it was $601m, $499 was Q2, so their profit actually went up this quarter
if you look at their non-gaap numbers they report it as $1,536m, yes over $1.5bn profit in a SINGLE QUARTER which is also one of their worst in the last few years

I'm not sure why you have such a rubbery one for jensen and seem to hate consumers, defending a $1200 sticker price for an xx70 class card

GAAP is the numbers they use to reduce their tax bill, the non-GAAP numbers are the ones they use for investors/lenders etc.
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Fair enough, Q2 is are the numbers i have in my mind, i still need to absorb Q3.

That $1.5 Billion is not money in the pocket, out of that they need to pay operating expenses, its why i use operating income as a measure, that's money they have to put in their pockets after paying bills, that's money the have to pass on to you as savings, its about 9% for this quarter.

The other way is to spend less of that $1.5 Billion, less R&D, sack some people....
 
humbug said:
Fair enough, Q2 is are the numbers i have in my mind, i still need to absorb Q3.

That $1.5 Billion is not money in the pocket, out of that they need to pay operating expenses, its why i use operating income as a measure, that's money they have to put in their pockets after paying bills, that's money the have to pass on to you as savings, its about 9% for this quarter.

The other way is to spend less of that $1.5 Billion, less R&D, sack some people....
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OH MY GOD, no they don't non-GAAP just means minus depreciation and taxes, they don't need to pay operating expenses, that was already taken out at line 3

revenue 5.9bn
Gross Margin 56%
OPERATING EXPENSES $1,793mn <<<<<<<<<<<<<<<

dude, you are making absolutely no sense, you have no idea what you are talking about or what half the words on the page even mean
 
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andybird123 said:
OH MY GOD, no they don't non-GAAP just means minus depreciation and taxes, they don't need to pay operating expenses, that was already taken out at line 3

revenue 5.9bn
Gross Margin 56%
OPERATING EXPENSES $1,793mn <<<<<<<<<<<<<<<

dude, you are making absolutely no sense, you have no idea what you are talking about or what half the words on the page even mean
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I'm reading GAAP, which is the standard.

nvidianews.nvidia.com

NVIDIA Announces Financial Results for Third Quarter Fiscal 2023

NVIDIA today reported revenue for the third quarter ended October 30, 2022, of $5.93 billion, down 17% from a year ago and down 12% from the previous quarter.
nvidianews.nvidia.com nvidianews.nvidia.com
 
andybird123 said:
I mean for me this is all good news as I am a shareholder, but even so I can still call them a bunch of d***s for the way they are treating consumers right now.
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Sure if you hold shares then all you care about is the EPS for your divvies? EPS was $0.27 Q3 this year vs $0.97 last year. And the divvies are only $0.04 vs between $0.14 and $0.16 for the last 5 years.
 
Journey said:
Sure if you hold shares then all you care about is the EPS for your divvies? EPS was $0.27 Q3 this year vs $0.97 last year. And the divvies are only $0.04 vs between $0.14 and $0.16 for the last 5 years.
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He's confusing None GAAP with GAAP and reading operating expenses while ignoring operating income.
 
humbug said:
I'm reading GAAP, which is the standard.

nvidianews.nvidia.com

NVIDIA Announces Financial Results for Third Quarter Fiscal 2023

NVIDIA today reported revenue for the third quarter ended October 30, 2022, of $5.93 billion, down 17% from a year ago and down 12% from the previous quarter.
nvidianews.nvidia.com nvidianews.nvidia.com
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GAAP includes depreciation and taxes, which is money they spent years ago, its not an actual cost now, it actually reduces their tax bill, if you want to know how much underlying profit a company is currently making you need to look at the non-GAAP numbers too, and rebating would also reduce their taxes, so again it wouldn't directly be a cost in that sense as you don't pay tax on money you didn't make

unless you ignore numbers which don't agree with your bias of course
anyway, whilst I do actually home school my kids, homeschool time for humbug has ended, I hope you found it useful
 
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andybird123 said:
GAAP includes depreciation, which is money they spent years ago, its not an actual cost now, it actually reduces their tax bill, if you want to know how much underlying profit a company is currently making you need to look at the non-GAAP numbers too

unless you ignore numbers which don't agree with your bias of course
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I hope you're not investing based on this view.

GAAP vs. Non-GAAP: An Overview

The generally accepted accounting principles (GAAP) are the standardized set of principles that public companies in the U.S. must follow. Thorough investment research requires an assessment of both GAAP and adjusted results (non-GAAP), but investors should carefully consider the validity of non-GAAP exclusions on a case-by-case basis. The reason is to avoid misleading figures, especially as reporting standards diverge. Internationally, the accounting standard is the International Financial Reporting Standards (IFRS).
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www.investopedia.com

GAAP vs. Non-GAAP: What's the Difference?

Find out the differences between GAAP and non-GAAP numbers in financial reports and how to interpret them.
www.investopedia.com www.investopedia.com

GAAP is the only one you should be looking at, not the other way round.

None GAAP is for number fudging, what they want you to think.
 
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andybird123 said:
Did you look up "net income" yet?
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Doesn't include all expenses, what you should be looking at is operating income.

Can we drop this now? please, i don't want our disagreement to make this topic fly completely off the rails. :)
 
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Twinz said:
I'm not directly concerned with companies' profits. That's their job.

They can either provide products we want at prices we are willing to pay, or not.
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Absolutely, I couldn't give a toss about their shareholders. In the same way as I don't give a toss about my employer, only how much I can get out of them for as little effort on my part as possible. Because their intentions with regard to my employment are in direct contradiction to mine. Same contradiction with corporations.
 
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humbug said:
Doesn't include all expenses, what you should be looking at is operating income.

Can we drop this now? please, i don't want our disagreement to make this topic fly completely off the rails. :)
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Yes it does, net income should be less than operating income, I already posted the definition to you - if net income is higher it means they either had a tax rebate or made money from interest
GAAP usually had more fudging in it too as they use the GAAP to lower their taxes.
 
andybird123 said:
I bought the dip, so I'm up about 30% on share price at the moment
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Oh so not a long term hold then, just using the SP as your profit - its a big risk for a lot of folk in a market that is still slowing. Let us all hope that PC sales recover '23/'24 as '22 is the worst on record.
 
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