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Dark days, AMD share price at lowest ever.

Difficult one as the so called experts are putting prices from $5 to $13 on AMD, so if you bought now and the worse of these predictions came true you'd have lost 50%+ :).
Personally think they'll do well longer term but a lot of unknowns exist too and they need to improve their profitability.
 
AMD results are in:

https://seekingalpha.com/pr/16896134-amd-reports-second-quarter-2017-financial-results

“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.
Current Outlook
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.
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We should see the fruits of Ryzen leading a strong profit, if the reports of yield being 80% + being true, then they will be making decent dosh per CPU and we are starting to see more OEM uptake, and the number should increase decently once more laptops start using Ryzen, which we won't see sadly til later this year and the fruits on profits next year.
 
I think nvidia is far easier to understand and categorise when purchasing a gpu, it's pretty much self explanatory for which number is better. Whereas with amd, it always took more time and research into seeing which gpu is best. Even now when I come back to building a computer after not doing it for years nvidia is easier to categorise.

That being said now I am so excited for the new vega, I am deffo choosing one over a 1070, especially with these stupid prices.
 
With the prices and decent performance of AMD products at the moment its hard to ignore them now. I'm swaying to build another desktop for my other half to use for WoW.
 
LambChop said:
With the prices and decent performance of AMD products at the moment its hard to ignore them now. I'm swaying to build another desktop for my other half to use for WoW.
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Good call, Ryzen's IPC and clock speed advantage over Kaby Lake will offset it's lack of cores when running a single threaded application :p
 
Erik13 said:
Whoever bought this stock at 1 dolar if freakin rich now lol
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LOL, I was tempted to pick up some at a low level but didn't, hindsight eh?. I was more committed to NV at the time so did well there. I have recently picked up AMD shares too, so far two buys. Why now? Now is the time I really feel they are making progress on their turnaround, rather than the share price inflating because of hopes. I still feel it's a risky investment and they're still making a loss too despite the 19% rise in revenue so need to start turning sales into consistent good profits. This is where NV excels.
 
Martini1991 said:
When they were under 2 dollars I could have invested my house deposit and be mortgage free by 25.

Damn.
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But you wouldn't have as there was quite a bit of talk about whether they'd survive back then :). If someone had a spare couple of grand they didn't care about losing, it would have been a nice investment, but a house deposit? Bit risky IMO.
 
DarrenM343 said:
But you wouldn't have as there was quite a bit of talk about whether they'd survive back then :). If someone had a spare couple of grand they didn't care about losing, it would have been a nice investment, but a house deposit? Bit risky IMO.
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Yeah - I was very tempted to put some money down but I always dither over investing my own money :( - problem was there was a very real risk at the time that some of their investors would call in debts, effectively ending the company as it was, rather than incurring risk to themselves at a time when everyone was feeling the squeeze.
 
Most of those who make big money off high risk investments are pretty much functioning psychopaths.

Behavior of stockbrokers was shown to be if anything more reckless and manipulative than that of psychopaths.

You pretty much can't make it in this game if you're risk-averse.
 
Ayahuasca said:
Most of those who make big money off high risk investments are pretty much functioning psychopaths.

Behavior of stockbrokers was shown to be if anything more reckless and manipulative than that of psychopaths.

You pretty much can't make it in this game if you're risk-averse.
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Agree :).Your last statement is definitely right. It's also a case of having the money to invest with. You can take more risks if you have high capital reserves. Ie, if you only have £20k in savings, £2k is a lot to lose. Not the case if you have half a million. Unfortunately if you don't have the capital reserves, when you take a loss you're more likely to press the "SELL" button rather than holding on which then makes it an actual loss vs a paper loss. It's easier to be less emotional about an investment if it matters less to you.
 
AMD stock is one of those targeted by repeat short term investors, its up and down like a yoyo for a reason.

After watching the stock for some years there is a very clear pattern in how big name commentators, shortly before AMD's financial results come in those commentators are all about how horrible its all going to be.... its utter hyperbole, you can be sure at the same time they are ploughing vast amounts of money into AMD shares, what they are doing is down talking the stock so they buy it cheap, as and after the financial results are in suddenly AMD are the golden goose and everything about them is brilliant, AMD's stock surges and when they think its peaked they sell....

That repeats its self over and over and..... every quarter.

All those doom sayers, those who brought the stock down to sub $2 with their "AMD is about to go bust" hyperbole, those same pepole made a massive amount of money off the back of it, they knew what they were doing.
 
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