{"id":39270,"date":"2018-07-26T00:25:20","date_gmt":"2018-07-25T22:25:20","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=39270"},"modified":"2018-07-26T00:25:20","modified_gmt":"2018-07-25T22:25:20","slug":"amd-reports-second-quarter-2018-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/39270-amd-reports-second-quarter-2018-financial-results\/","title":{"rendered":"<span class=\"caps\">AMD<\/span> Reports Second Quarter 2018 Financial Results"},"content":{"rendered":"<div class=\"field field--name-field-subheading field--type-text-long field--label-hidden field__item\">\n<p><em>\u2014 Reve\u00adnue increased 53 per\u00adcent year-over-year; gross mar\u00adgin expan\u00added to 37 percent&nbsp;\u2014<\/em><\/p>\n<\/div>\n<div class=\"location-date\">\n<div class=\"field field--name-field-location field--type-string field--label-hidden field__item\"><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif.&nbsp;<\/div>\n<div class=\"field field--name-field-release-date field--type-datetime field--label-hidden field__item\"><time datetime=\"2018-07-25T12:00:00Z\">07\/25\/2018<\/time><\/div>\n<\/div>\n<div class=\"field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><a href=\"http:\/\/www.amd.com\/\"><span class=\"caps\">AMD<\/span><\/a>&nbsp;(<span class=\"caps\">NASDAQ<\/span>:<span class=\"caps\">AMD<\/span>) today announ\u00adced reve\u00adnue for the second quar\u00adter of 2018 of $1.76 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $153 mil\u00adli\u00adon, net inco\u00adme of $116 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.11. On a non-GAAP<sup>1<\/sup>&nbsp;basis, ope\u00adra\u00adting inco\u00adme was $186 mil\u00adli\u00adon, net inco\u00adme was $156 mil\u00adli\u00adon and diluted ear\u00adnings per share was $0.14.<\/p>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-1_0.jpg\" alt width=\"1260\" height=\"397\"><\/article>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-2_0.jpg\" alt width=\"1260\" height=\"383\"><\/article>\n<p><span class=\"dquo\">\u201c<\/span>We had an out\u00adstan\u00adding second quar\u00adter with strong reve\u00adnue growth, mar\u00adgin expan\u00adsi\u00adon and our hig\u00adhest quar\u00adter\u00adly net inco\u00adme in seven years,\u201d said Dr. Lisa Su, <span class=\"caps\">AMD<\/span> pre\u00adsi\u00addent and <span class=\"caps\">CEO<\/span>. \u201cMost important\u00adly, we belie\u00adve our long-term tech\u00adno\u00adlo\u00adgy bets posi\u00adti\u00adon us very well for the future.&nbsp;We are con\u00adfi\u00addent that with the con\u00adtin\u00adued exe\u00adcu\u00adti\u00adon of our pro\u00adduct road\u00admaps, we are on an excel\u00adlent tra\u00adjec\u00adto\u00adry to dri\u00adve mar\u00adket share gains and pro\u00adfi\u00adta\u00adble growth.\u201d<\/p>\n<h3><span class=\"caps\">Q2<\/span> 2018 Results<\/h3>\n<ul>\n<li>Reve\u00adnue was $1.76 bil\u00adli\u00adon, up 53 per\u00adcent year-over-year and 7 per\u00adcent quar\u00adter-over-quar\u00adter. The year-over-year increase was dri\u00adven by hig\u00adher reve\u00adnue in both the Com\u00adpu\u00adting and Gra\u00adphics and Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom busi\u00adness seg\u00adments. The sequen\u00adti\u00adal increase was dri\u00adven by hig\u00adher reve\u00adnue in the Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom segment.<\/li>\n<li>Gross mar\u00adgin grew to 37 per\u00adcent, up 3 per\u00adcen\u00adta\u00adge points year-over-year, dri\u00adven by the ramp of new pro\u00adducts. On a sequen\u00adti\u00adal basis, gross mar\u00adgin was up 1 per\u00adcen\u00adta\u00adge point pri\u00adma\u00adri\u00adly dri\u00adven by a richer mix of reve\u00adnue in the Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom segment.<\/li>\n<li>On a <span class=\"caps\">GAAP<\/span> basis, ope\u00adra\u00adting inco\u00adme was $153 mil\u00adli\u00adon com\u00adpared to an ope\u00adra\u00adting loss of $1 mil\u00adli\u00adon a year ago and ope\u00adra\u00adting inco\u00adme of $120 mil\u00adli\u00adon in the pri\u00ador quarter.<\/li>\n<li>Net inco\u00adme was $116 mil\u00adli\u00adon com\u00adpared to a net loss of $42 mil\u00adli\u00adon a year ago and net inco\u00adme of $81 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Diluted ear\u00adnings per share was $0.11, com\u00adpared to a loss per share of $0.04 a year ago and diluted ear\u00adnings per share of $0.08 in the pri\u00ador quarter.<\/li>\n<li>On a non-GAAP<sup>1&nbsp;<\/sup>basis, ope\u00adra\u00adting inco\u00adme was $186 mil\u00adli\u00adon com\u00adpared to ope\u00adra\u00adting inco\u00adme of $23 mil\u00adli\u00adon a year ago and $152 mil\u00adli\u00adon in the pri\u00ador quarter.<\/li>\n<li>Non-GAAP<sup>1<\/sup>&nbsp;net inco\u00adme was $156 mil\u00adli\u00adon com\u00adpared to a net loss of $7 mil\u00adli\u00adon a year ago and net inco\u00adme of $121 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Non-GAAP diluted ear\u00adnings per share was $0.14, com\u00adpared to a loss per share of $0.01 a year ago and diluted ear\u00adnings per share of $0.11 in the pri\u00ador quarter.<\/li>\n<li>Cash, cash equi\u00adva\u00adlents and mar\u00adke\u00adta\u00adble secu\u00adri\u00adties were $983 mil\u00adli\u00adon at the end of the quarter.<\/li>\n<\/ul>\n<h3>Quarterly Financial Segment Summary<\/h3>\n<ul>\n<li>Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment reve\u00adnue was $1.09 bil\u00adli\u00adon, up 64 per\u00adcent year-over-year and down 3 per\u00adcent quar\u00adter-over-quar\u00adter. Year-over-year reve\u00adnue growth was dri\u00adven by strong sales of Rade\u00adon\u2122 pro\u00adducts and con\u00adtin\u00adued growth of Ryzen\u2122products. The quar\u00adter-over-quar\u00adter decli\u00adne was pri\u00adma\u00adri\u00adly rela\u00adted to lower reve\u00adnue from <span class=\"caps\">GPU<\/span> pro\u00adducts in the block\u00adchain market.&nbsp;<ul>\n<li>Cli\u00adent pro\u00adces\u00adsor avera\u00adge sel\u00adling pri\u00adce (<span class=\"caps\">ASP<\/span>) was lower year-over-year and quar\u00adter-over-quar\u00adter pri\u00adma\u00adri\u00adly due to lower desk\u00adtop pro\u00adces\u00adsor <span class=\"caps\">ASP<\/span>, par\u00adti\u00adal\u00adly off\u00adset by hig\u00adher mobi\u00adle pro\u00adces\u00adsor&nbsp;<span class=\"caps\">ASP<\/span>.<\/li>\n<li><span class=\"caps\">GPU<\/span> <span class=\"caps\">ASP<\/span> increased year-over-year dri\u00adven by Rade\u00adon pro\u00adducts for the chan\u00adnel and dat\u00ada\u00adcen\u00adter. <span class=\"caps\">GPU<\/span> <span class=\"caps\">ASP<\/span> increased quar\u00adter-over-quar\u00adter dri\u00adven by <span class=\"caps\">GPU<\/span> sales for datacenter.<\/li>\n<li>Ope\u00adra\u00adting inco\u00adme was $117 mil\u00adli\u00adon, com\u00adpared to ope\u00adra\u00adting inco\u00adme of $7 mil\u00adli\u00adon a year ago and ope\u00adra\u00adting inco\u00adme of $138 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. The year-over-year ope\u00adra\u00adting inco\u00adme impro\u00adve\u00adment was pri\u00adma\u00adri\u00adly dri\u00adven by hig\u00adher reve\u00adnue. The quar\u00adter-over-quar\u00adter ope\u00adra\u00adting inco\u00adme decli\u00adne was pri\u00adma\u00adri\u00adly due to lower reve\u00adnue and hig\u00adher ope\u00adra\u00adting expenses.<\/li>\n<\/ul>\n<\/li>\n<li>Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom seg\u00adment reve\u00adnue was $670 mil\u00adli\u00adon, up 37 per\u00adcent year-over-year and 26 per\u00adcent quar\u00adter-over-quar\u00adter pri\u00adma\u00adri\u00adly due to hig\u00adher semi-cus\u00adtom and ser\u00adver revenue.&nbsp;<ul>\n<li>Ope\u00adra\u00adting inco\u00adme was $69 mil\u00adli\u00adon, com\u00adpared to ope\u00adra\u00adting inco\u00adme of $16 mil\u00adli\u00adon a year ago and ope\u00adra\u00adting inco\u00adme of $14 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. The year-over-year and quar\u00adter-over-quar\u00adter increa\u00adses were pri\u00adma\u00adri\u00adly due to hig\u00adher revenue.<\/li>\n<\/ul>\n<\/li>\n<li>All Other ope\u00adra\u00adting loss was $33 mil\u00adli\u00adon com\u00adpared with ope\u00adra\u00adting los\u00adses of $24 mil\u00adli\u00adon a year ago and $32 mil\u00adli\u00adon in the pri\u00ador quarter.<\/li>\n<\/ul>\n<h3><span class=\"caps\">Q2<\/span> 2018 Highlights<\/h3>\n<ul>\n<li>At Com\u00adputex 2018, <span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/pushing-boundaries-for-2018jun05\">show\u00adca\u00adsed<\/a>&nbsp;the next-gene\u00adra\u00adti\u00adon of lea\u00adder\u00adship <span class=\"caps\">CPU<\/span> and <span class=\"caps\">GPU<\/span> pro\u00adducts inclu\u00adding the first public demons\u00adtra\u00adti\u00adons&nbsp;of:&nbsp;<ul>\n<li>The 12nm \u201cZen+\u201d-based 2nd Gene\u00adra\u00adti\u00adon Ryzen Thre\u00adad\u00adrip\u00adper<sup><span class=\"caps\">TM<\/span><\/sup>&nbsp;<span class=\"caps\">CPU<\/span>, fea\u00adturing an indus\u00adtry-lea\u00adding 32-cores and 64-threads of <span class=\"caps\">HEDT<\/span> com\u00adpu\u00adting power, sche\u00addu\u00adled to launch in <span class=\"caps\">Q3<\/span>&nbsp;2018.<\/li>\n<li>The 7nm Rade\u00adon \u201cVega\u201d archi\u00adtec\u00adtu\u00adre-based <span class=\"caps\">GPU<\/span> for ser\u00advers and work\u00adsta\u00adtions that is plan\u00adned to launch later in&nbsp;2018.<\/li>\n<\/ul>\n<\/li>\n<li>One year after its mar\u00adket debut, <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span>\u2122 dat\u00ada\u00adcen\u00adter pro\u00adces\u00adsor sales con\u00adti\u00adnue to acce\u00adle\u00adra\u00adte, with new plat\u00adform deploy\u00adments and com\u00admit\u00adments from indus\u00adtry leaders:&nbsp;<ul>\n<li><span class=\"caps\">HPE<\/span> laun\u00adched two new <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> plat\u00adforms, inclu\u00adding the&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/new-hpe-gen10-2018jun05\">Pro\u00adLi\u00adant <span class=\"caps\">DL325<\/span> Gen10 ser\u00adver<\/a>&nbsp;deli\u00adve\u00adring two-socket per\u00adfor\u00admance in a one-socket server.<\/li>\n<li>Cis\u00adco&nbsp;<a href=\"https:\/\/community.amd.com\/community\/amd-business\/blog\/2018\/05\/31\/cisco-and-amd-are-breaking-the-mold-with-new-density-optimized-ucs-solutions\" target=\"_blank\" rel=\"noopener\">laun\u00adched<\/a>&nbsp;the first ever AMD-based <span class=\"caps\">UCS<\/span> ser\u00adver, with <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsors powe\u00adring Cisco\u2019s hig\u00adhest den\u00adsi\u00adty offe\u00adring with 128% more cores, 50% more ser\u00advers and 20% more sto\u00adrage per rack com\u00adpared to their exis\u00adting rack offerings.<\/li>\n<li>Ten\u00adcent Cloud&nbsp;<a href=\"https:\/\/community.amd.com\/community\/amd-business\/blog\/2018\/06\/06\/amd-epyc-expands-its-hyperscale-datacenter-presence-with-tencent-sa1-cloud-service-offering\" target=\"_blank\" rel=\"noopener\">now offers<\/a>&nbsp;an <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsor-based <span class=\"caps\">SA1<\/span> Cloud ins\u00adtance, deli\u00adve\u00adring excep\u00adtio\u00adnal per\u00adfor\u00admance at a lower total cost of owner\u00adship com\u00adpared to other solutions.<\/li>\n<li>The Natio\u00adnal Insti\u00adtu\u00adte for Nuclear Phy\u00adsics in Ita\u00adly&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/national-institute-for-2018jun25\">sel\u00adec\u00adted<\/a>&nbsp;the <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> 7351 pro\u00adces\u00adsor to power its high-per\u00adfor\u00admance com\u00adpu\u00adting cluster.<\/li>\n<\/ul>\n<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/worlds-largest-commercial-2018may14\">announ\u00adced<\/a>&nbsp;unpre\u00adce\u00adden\u00adted adop\u00adti\u00adon of its <span class=\"caps\">AMD<\/span> Ryzen <span class=\"caps\">PRO<\/span> pro\u00adces\u00adsors with Rade\u00adon Vega gra\u00adphics, with new com\u00admer\u00adcial note\u00adbooks and desk\u00adtops now available from Dell, <span class=\"caps\">HP<\/span> and Lenovo.<\/li>\n<li><span class=\"caps\">AMD<\/span> con\u00adtin\u00adued to expand its offe\u00adrings for gamers:&nbsp;<ul>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/radeon-freesync-technology-2018jun05\">announ\u00adced<\/a>&nbsp;that Rade\u00adon Free\u00adSync\u2122 tech\u00adno\u00adlo\u00adgy is now sup\u00adport\u00aded across Samsung\u2019s <span class=\"caps\">QLED<\/span> <span class=\"caps\">TV<\/span> fami\u00adly, brin\u00adging the ulti\u00adma\u00adte <span class=\"caps\">4K<\/span> gam\u00ading expe\u00adri\u00adence to lar\u00adge-screen TVs.<\/li>\n<li>Power\u00adCo\u00adlor&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/pushing-boundaries-for-2018jun05\">unvei\u00adled<\/a>&nbsp;the Rade\u00adon <span class=\"caps\">RX<\/span> Vega56 Nano Edi\u00adti\u00adon gra\u00adphics card, enab\u00adling enthu\u00adsi\u00adast <span class=\"caps\">4K<\/span> gam\u00ading in small form fac\u00adtor&nbsp;PCs.<\/li>\n<li>At <span class=\"caps\">E3<\/span>, <span class=\"caps\">AMD<\/span> announ\u00adced an expan\u00added part\u00adner\u00adship with Ubi\u00ads\u00adoft to levera\u00adge DirectX12 tech\u00adno\u00adlo\u00adgy to opti\u00admi\u00adze their next-gene\u00adra\u00adti\u00adon games for Rade\u00adon <span class=\"caps\">GPU<\/span> users, inclu\u00adding the high\u00adly anti\u00adci\u00adpa\u00adted \u201cTom Clancy\u2019s Divi\u00adsi\u00adon 2\u201d&nbsp;title.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>Current Outlook<\/h3>\n<p><span class=\"caps\">AMD<\/span>\u2019s out\u00adlook state\u00adments are based on cur\u00adrent expec\u00adta\u00adti\u00adons. The fol\u00adlo\u00adwing state\u00adments are for\u00adward-loo\u00adking, and actu\u00adal results could dif\u00adfer mate\u00adri\u00adal\u00adly depen\u00adding on mar\u00adket con\u00addi\u00adti\u00adons and the fac\u00adtors set forth under \u201cCau\u00adtio\u00adna\u00adry State\u00adment\u201d&nbsp;below.<\/p>\n<p>For the third quar\u00adter of 2018, <span class=\"caps\">AMD<\/span> expects reve\u00adnue to be appro\u00adxi\u00adm\u00adate\u00adly $1.7 bil\u00adli\u00adon, plus or minus $50 mil\u00adli\u00adon, an increase of appro\u00adxi\u00adm\u00adate\u00adly 7 per\u00adcent year-over-year, and non-GAAP gross mar\u00adgin to increase to appro\u00adxi\u00adm\u00adate\u00adly 38 per\u00adcent, dri\u00adven by the sales growth of Ryzen and <span class=\"caps\">EPYC<\/span> pro\u00adducts, par\u00adti\u00adal\u00adly off\u00adset by lower sales of <span class=\"caps\">GPU<\/span> pro\u00adducts in the block\u00adchain market.<\/p>\n<h3><span class=\"caps\">AMD<\/span> Teleconference<\/h3>\n<p><span class=\"caps\">AMD<\/span> will hold a con\u00adfe\u00adrence call for the finan\u00adcial com\u00admu\u00adni\u00adty at 2:30 p.m. <span class=\"caps\">PT<\/span> (5:30 p.m. <span class=\"caps\">ET<\/span>) today to dis\u00adcuss its second quar\u00adter 2018 finan\u00adcial results and for\u00adward loo\u00adking finan\u00adcial gui\u00addance. <span class=\"caps\">AMD<\/span> will pro\u00advi\u00adde a real-time audio broad\u00adcast of the tele\u00adcon\u00adfe\u00adrence on the&nbsp;<a href=\"http:\/\/ir.amd.com\/\" target=\"_blank\" rel=\"noopener\">Inves\u00adtor Rela\u00adti\u00adons<\/a>page of its web\u00adsite at&nbsp;<a href=\"http:\/\/www.amd.com\/\">www.amd.com<\/a>. The web\u00adcast will be available for 12 months after the con\u00adfe\u00adrence call. A slide pre\u00adsen\u00adta\u00adti\u00adon of quar\u00adter\u00adly finan\u00adcial results can be found at&nbsp;<a href=\"http:\/\/ir.amd.com\/\" target=\"_blank\" rel=\"noopener\">ir.amd.com<\/a>.<\/p>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-3_2.jpg\" alt width=\"1260\" height=\"1056\"><\/article>\n<p><sup>The three months ended June 30, 2018 <span class=\"caps\">GAAP<\/span> diluted <span class=\"caps\">EPS<\/span> is cal\u00adcu\u00adla\u00adted based on 1,147 mil\u00adli\u00adon shares, which include 100.6&nbsp;mil\u00adli\u00adon shares rela\u00adted to the Company\u2019s 2026 Con\u00adver\u00adti\u00adble Notes and an $11 mil\u00adli\u00adon inte\u00adrest expen\u00adse add-back to net inco\u00adme under the \u201cif con\u00adver\u00adted\u201d method.<\/sup><\/p>\n<p><sup>The three months ended June 30 and March 31, 2018 non-GAAP diluted <span class=\"caps\">EPS<\/span> are cal\u00adcu\u00adla\u00adted based on 1,147 mil\u00adli\u00adon and 1,140 mil\u00adli\u00adon shares, respec\u00adtively, which include 100.6&nbsp;mil\u00adli\u00adon shares rela\u00adted to the Company\u2019s 2026 Con\u00adver\u00adti\u00adble Notes and a $5 mil\u00adli\u00adon cash inte\u00adrest expen\u00adse add-back to net inco\u00adme under the \u201cif con\u00adver\u00adted\u201d method for both periods.<\/sup><\/p>\n<h3>About <span class=\"caps\">AMD<\/span><\/h3>\n<p>For more than 45 years, <span class=\"caps\">AMD<\/span> has dri\u00adven inno\u00adva\u00adti\u00adon in high-per\u00adfor\u00admance com\u00adpu\u00adting, gra\u00adphics and visua\u00adliza\u00adti\u00adon tech\u00adno\u00adlo\u00adgies \u2014 the buil\u00adding blocks for gam\u00ading, immersi\u00adve plat\u00adforms and the dat\u00ada\u00adcen\u00adter. Hundreds of mil\u00adli\u00adons of con\u00adsu\u00admers, lea\u00adding For\u00adtu\u00adne 500 busi\u00adnesses and cut\u00adting-edge sci\u00aden\u00adti\u00adfic rese\u00adarch faci\u00adli\u00adties around the world rely on <span class=\"caps\">AMD<\/span> tech\u00adno\u00adlo\u00adgy dai\u00adly to impro\u00adve how they live, work and play. <span class=\"caps\">AMD<\/span> employees around the world are focu\u00adsed on buil\u00adding gre\u00adat pro\u00adducts that push the boun\u00adda\u00adries of what is pos\u00adsi\u00adble. For more infor\u00adma\u00adti\u00adon about how <span class=\"caps\">AMD<\/span> is enab\u00adling today and inspi\u00adring tomor\u00adrow, visit the <span class=\"caps\">AMD<\/span> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>)&nbsp;<a href=\"http:\/\/www.amd.com\/\">web\u00adsite<\/a>,&nbsp;<a href=\"https:\/\/community.amd.com\/welcome\" target=\"_blank\" rel=\"noopener\">blog<\/a>,&nbsp;<a href=\"https:\/\/www.facebook.com\/AMD\/\" target=\"_blank\" rel=\"noopener\">Face\u00adbook<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/twitter.com\/AMD\" target=\"_blank\" rel=\"noopener\">Twit\u00adter<\/a>&nbsp;pages.<\/p>\n<h3>Cautionary Statement<\/h3>\n<p>This docu\u00adment con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments con\u00adcer\u00adning Advan\u00adced Micro Devices, Inc. (<span class=\"caps\">AMD<\/span>) such as <span class=\"caps\">AMD<\/span>\u2019s expec\u00adted posi\u00adtio\u00adning in the future; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to exe\u00adcu\u00adte its pro\u00adduct road\u00admaps and the resul\u00adting impact on mar\u00adket share and pro\u00adfi\u00adta\u00adble growth; <span class=\"caps\">AMD<\/span>\u2019s finan\u00adcial out\u00adlook for the third quar\u00adter of 2018, inclu\u00adding reve\u00adnue, non-GAAP gross mar\u00adgin and expec\u00adted dri\u00advers; the fea\u00adtures, func\u00adtion\u00ada\u00adli\u00adty, avai\u00adla\u00adbi\u00adli\u00adty, timing and expec\u00adted bene\u00adfits of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts and tech\u00adno\u00adlo\u00adgies inclu\u00adding the expec\u00adted launch of 2nd Gene\u00adra\u00adti\u00adon Ryzen Thre\u00adad\u00adrip\u00adper<sup><span class=\"caps\">TM<\/span><\/sup>&nbsp;<span class=\"caps\">CPU<\/span> and 7nm Rade\u00adon \u201cVega\u201d archi\u00adtec\u00adtu\u00adre-based <span class=\"caps\">GPU<\/span> pro\u00adducts; and the con\u00adtin\u00adued acce\u00adle\u00adra\u00adti\u00adon of <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> dat\u00ada\u00adcen\u00adter pro\u00adces\u00adsor sales, which are made pur\u00adsu\u00adant to the Safe Har\u00adbor pro\u00advi\u00adsi\u00adons of the Pri\u00adva\u00adte Secu\u00adri\u00adties Liti\u00adga\u00adti\u00adon Reform Act of 1995. For\u00adward-loo\u00adking state\u00adments are com\u00admon\u00adly iden\u00adti\u00adfied by words such as \u201cwould,\u201d \u201cmay,\u201d \u201cexpects,\u201d \u201cbelie\u00adves,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cpro\u00adjects\u201d and other terms with simi\u00adlar mea\u00adning. Inves\u00adtors are cau\u00adtio\u00adned that the for\u00adward-loo\u00adking state\u00adments in this docu\u00adment are based on cur\u00adrent beliefs, assump\u00adti\u00adons and expec\u00adta\u00adti\u00adons, speak only as of the date of this docu\u00adment and invol\u00adve risks and uncer\u00adtain\u00adties that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons. Such state\u00adments are sub\u00adject to cer\u00adtain known and unknown risks and uncer\u00adtain\u00adties, many of which are dif\u00adfi\u00adcult to pre\u00addict and gene\u00adral\u00adly bey\u00adond <span class=\"caps\">AMD<\/span>\u2019s con\u00adtrol, that could cau\u00adse actu\u00adal results and other future events to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse expres\u00adsed in, or impli\u00aded or pro\u00adjec\u00adted by, the for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon and state\u00adments.&nbsp; Mate\u00adri\u00adal fac\u00adtors that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons include, wit\u00adhout limi\u00adta\u00adti\u00adon, the fol\u00adlo\u00adwing: Intel Corporation\u2019s domi\u00adnan\u00adce of the micro\u00adpro\u00adces\u00adsor mar\u00adket and its aggres\u00adsi\u00adve busi\u00adness prac\u00adti\u00adces; the abili\u00adty of <span class=\"caps\">GLOBALFOUNDRIES<\/span> Inc. to satis\u00adfy <span class=\"caps\">AMD<\/span>\u2019s manu\u00adfac\u00adtu\u00adring requi\u00adre\u00adments; the abili\u00adty of third par\u00adty manu\u00adfac\u00adtu\u00adr\u00aders to manu\u00adfac\u00adtu\u00adre <span class=\"caps\">AMD<\/span> pro\u00adducts on a time\u00adly basis in suf\u00adfi\u00adci\u00adent quan\u00adti\u00adties and using com\u00adpe\u00adti\u00adti\u00adve tech\u00adno\u00adlo\u00adgies; the abili\u00adty of third par\u00adty manu\u00adfac\u00adtu\u00adr\u00aders to achie\u00adve expec\u00adted manu\u00adfac\u00adtu\u00adring yields; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to intro\u00addu\u00adce pro\u00adducts on a time\u00adly basis with fea\u00adtures and per\u00adfor\u00admance levels that pro\u00advi\u00adde value to its cus\u00adto\u00admers; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent reve\u00adnue and ope\u00adra\u00adting cash flow or obtain exter\u00adnal finan\u00adcing; the loss of a signi\u00adfi\u00adcant cus\u00adto\u00admer; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte reve\u00adnue from its semi-cus\u00adtom SoC pro\u00adducts; actu\u00adal or per\u00adcei\u00adved secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; poten\u00adti\u00adal data brea\u00adches and cyber-attacks; glo\u00adbal eco\u00adno\u00admic uncer\u00adtain\u00adty; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent cash to ser\u00advice its debt obli\u00adga\u00adti\u00adons or meet its working capi\u00adtal requi\u00adre\u00adments; <span class=\"caps\">AMD<\/span>\u2019s lar\u00adge amount of indeb\u00adted\u00adness; rest\u00adric\u00adtions impo\u00adsed by agree\u00adments gover\u00adning <span class=\"caps\">AMD<\/span>\u2019s debt and its secu\u00adred revol\u00adving line of cre\u00addit; the com\u00adpe\u00adti\u00adti\u00adve natu\u00adre of the mar\u00adkets in which <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts are sold;&nbsp; the dilu\u00adti\u00adve effect on share\u00adhol\u00adders if West Coast Hitech L.P. exer\u00adci\u00ads\u00ades its war\u00adrants to purcha\u00adse <span class=\"caps\">AMD<\/span>\u2019s com\u00admon stock, and the con\u00adver\u00adsi\u00adon of <span class=\"caps\">AMD<\/span>\u2019s 2.125% Con\u00adver\u00adti\u00adble Seni\u00ador Notes due 2026; uncer\u00adtain\u00adties invol\u00adving the orde\u00adring and ship\u00adment of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; fluc\u00adtua\u00adtions in demand or a mar\u00adket decli\u00adne for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty intellec\u00adtu\u00adal pro\u00adper\u00adty to design and intro\u00addu\u00adce new pro\u00adducts in a time\u00adly man\u00adner; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty com\u00adpa\u00adnies for the design, manu\u00adfac\u00adtu\u00adre and sup\u00adp\u00adly of mother\u00adboards, soft\u00adware and other com\u00adpu\u00adter plat\u00adform com\u00adpon\u00adents; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on Micro\u00adsoft Corporation\u2019s sup\u00adport and other soft\u00adware ven\u00addors; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty dis\u00adtri\u00adbu\u00adtors and <span class=\"caps\">AIB<\/span> part\u00adners; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to con\u00adti\u00adnue to attract and retain qua\u00adli\u00adfied per\u00adson\u00adnel; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to repurcha\u00adse its debt in the event of a chan\u00adge of con\u00adtrol; the high\u00adly cycli\u00adcal natu\u00adre of the semi\u00adcon\u00adduc\u00adtor indus\u00adtry; future acqui\u00adsi\u00adti\u00adons, dives\u00adti\u00adtures and\/or joint ven\u00adtures that may dis\u00adrupt <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness; modi\u00adfi\u00adca\u00adti\u00adon or inter\u00adrup\u00adti\u00adon of inter\u00adnal busi\u00adness pro\u00adces\u00adses and infor\u00adma\u00adti\u00adon sys\u00adtems; quar\u00adter\u00adly and sea\u00adso\u00adnal sales pat\u00adterns that may affect <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness; avai\u00adla\u00adbi\u00adli\u00adty of essen\u00adti\u00adal equip\u00adment, mate\u00adri\u00adals or manu\u00adfac\u00adtu\u00adring pro\u00adces\u00adses to manu\u00adfac\u00adtu\u00adre <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; com\u00adpa\u00adti\u00adbi\u00adli\u00adty of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts with indus\u00adtry-stan\u00addard soft\u00adware and hard\u00adware; cos\u00adts rela\u00adted to defec\u00adti\u00adve pro\u00adducts; the effi\u00adci\u00aden\u00adcy of <span class=\"caps\">AMD<\/span>\u2019s sup\u00adp\u00adly chain; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to rely on third par\u00adties\u2019 cer\u00adtain sup\u00adp\u00adly-chain logi\u00adstics func\u00adtions, pro\u00adduct dis\u00adtri\u00adbu\u00adti\u00adon, trans\u00adpor\u00adta\u00adti\u00adon manage\u00adment and infor\u00adma\u00adti\u00adon tech\u00adno\u00adlo\u00adgy sup\u00adport ser\u00advices; future impairm\u00adents of good\u00adwill; stock pri\u00adce vola\u00adti\u00adli\u00adty; poli\u00adti\u00adcal, legal and eco\u00adno\u00admic risks and natu\u00adral dis\u00adas\u00adters; world\u00adwi\u00adde poli\u00adti\u00adcal con\u00addi\u00adti\u00adons; unfa\u00advorable cur\u00adren\u00adcy exch\u00adan\u00adge rate fluc\u00adtua\u00adtions; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to effec\u00adtively con\u00adtrol the sales of its pro\u00adducts on the gray mar\u00adket; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to pro\u00adtect its tech\u00adno\u00adlo\u00adgy or intellec\u00adtu\u00adal pro\u00adper\u00adty; cur\u00adrent and future liti\u00adga\u00adti\u00adon; poten\u00adti\u00adal tax lia\u00adbi\u00adli\u00adties; and envi\u00adron\u00admen\u00adtal laws and con\u00adflict mine\u00adrals-rela\u00adted pro\u00advi\u00adsi\u00adons. Inves\u00adtors are urged to review in detail the risks and uncer\u00adtain\u00adties in <span class=\"caps\">AMD<\/span>\u2019s Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon filings, inclu\u00adding but not limi\u00adt\u00aded to <span class=\"caps\">AMD<\/span>\u2019s Quar\u00adter\u00adly Report on Form 10\u2011Q for the year ending March 31,&nbsp;2018.<\/p>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-4_2.jpg\" alt width=\"1260\" height=\"1195\"><\/article>\n<p><sup>For the three months ended June 30, 2018, diluted <span class=\"caps\">EPS<\/span> includes the impact of the 2026 Con\u00adver\u00adti\u00adble Notes as their inclu\u00adsi\u00adon is dilu\u00adti\u00adve under the \u201cif-con\u00adver\u00adted\u201d method. Accor\u00addin\u00adgly, $11 mil\u00adli\u00adon of inte\u00adrest expen\u00adse is added back to net inco\u00adme and diluted shares includes 100.6 mil\u00adli\u00adon shares.<\/sup><\/p>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-5_0.jpg\" alt width=\"1260\" height=\"1400\"><\/article>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-6_1.jpg\" alt width=\"1260\" height=\"417\"><\/article>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-7_1.jpg\" alt width=\"1260\" height=\"1050\"><\/article>\n<p><sup>(1)The Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment pri\u00adma\u00adri\u00adly includes desk\u00adtop and note\u00adbook pro\u00adces\u00adsors and chip\u00adsets, dis\u00adcrete and inte\u00adgra\u00adted gra\u00adphics pro\u00adces\u00adsing units (GPUs) and pro\u00adfes\u00adsio\u00adnal GPUs. The Com\u00adpa\u00adny also licen\u00adses por\u00adti\u00adons of its intellec\u00adtu\u00adal pro\u00adper\u00adty portfolio.<\/sup><\/p>\n<p><sup>(2)The Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom seg\u00adment pri\u00adma\u00adri\u00adly includes ser\u00adver and embedded pro\u00adces\u00adsors, semi-cus\u00adtom Sys\u00adtem-on-Chip (SoC) pro\u00adducts, deve\u00adlo\u00adp\u00adment ser\u00advices and tech\u00adno\u00adlo\u00adgy for game con\u00adso\u00adles. The Com\u00adpa\u00adny also licen\u00adses por\u00adti\u00adons of its intellec\u00adtu\u00adal pro\u00adper\u00adty portfolio.<\/sup><\/p>\n<p><sup>(3)All Other cate\u00adgo\u00adry pri\u00adma\u00adri\u00adly includes cer\u00adtain expen\u00adses and cre\u00addits that are not allo\u00adca\u00adted to any of the ope\u00adra\u00adting seg\u00adments. Also included in this cate\u00adgo\u00adry is stock-based com\u00adpen\u00adsa\u00adti\u00adon expense.<\/sup><\/p>\n<p><sup>(4)Reconciliation of <span class=\"caps\">GAAP<\/span> Ope\u00adra\u00adting Inco\u00adme (Loss) to Adjus\u00adted <span class=\"caps\">EBITDA<\/span>*<\/sup><\/p>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-8_0.jpg\" alt width=\"1260\" height=\"340\"><\/article>\n<p><sup>(5) Free cash flow reconciliation**<\/sup><\/p>\n<article class=\"embedded-entity\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.amd.com\/system\/files\/149382-table-9_0.jpg\" alt width=\"1260\" height=\"260\"><\/article>\n<p><sup>*The Com\u00adpa\u00adny pres\u00adents \u201cAdjus\u00adted <span class=\"caps\">EBITDA<\/span>\u201d as a sup\u00adple\u00admen\u00adtal mea\u00adsu\u00adre of its per\u00adfor\u00admance. Adjus\u00adted <span class=\"caps\">EBITDA<\/span> for the Com\u00adpa\u00adny is deter\u00admi\u00adned by adjus\u00adting ope\u00adra\u00adting inco\u00adme (loss) for stock-based com\u00adpen\u00adsa\u00adti\u00adon and depre\u00adcia\u00adti\u00adon and amor\u00adtiza\u00adti\u00adon expen\u00adse. The Com\u00adpa\u00adny cal\u00adcu\u00adla\u00adtes and pres\u00adents Adjus\u00adted <span class=\"caps\">EBITDA<\/span> becau\u00adse manage\u00adment belie\u00adves it is of importance to inves\u00adtors and len\u00adders in rela\u00adti\u00adon to its over\u00adall capi\u00adtal struc\u00adtu\u00adre and its abili\u00adty to bor\u00adrow addi\u00adtio\u00adnal funds. In addi\u00adti\u00adon, the Com\u00adpa\u00adny pres\u00adents Adjus\u00adted <span class=\"caps\">EBITDA<\/span> becau\u00adse it belie\u00adves this mea\u00adsu\u00adre assists inves\u00adtors in com\u00adpa\u00adring its per\u00adfor\u00admance across report\u00ading peri\u00adods on a con\u00adsis\u00adtent basis by exclu\u00adding items that the Com\u00adpa\u00adny does not belie\u00adve are indi\u00adca\u00adti\u00adve of its core ope\u00adra\u00adting per\u00adfor\u00admance. The Company\u2019s cal\u00adcu\u00adla\u00adti\u00adon of Adjus\u00adted <span class=\"caps\">EBITDA<\/span> may or may not be con\u00adsis\u00adtent with the cal\u00adcu\u00adla\u00adti\u00adon of this mea\u00adsu\u00adre by other com\u00adpa\u00adnies in the same indus\u00adtry. Inves\u00adtors should not view Adjus\u00adted <span class=\"caps\">EBITDA<\/span> as an alter\u00adna\u00adti\u00adve to the <span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting mea\u00adsu\u00adre of ope\u00adra\u00adting inco\u00adme (loss) or <span class=\"caps\">GAAP<\/span> liqui\u00addi\u00adty mea\u00adsu\u00adres of cash flows from ope\u00adra\u00adting, inves\u00adt\u00ading and finan\u00adcing acti\u00advi\u00adties. In addi\u00adti\u00adon, Adjus\u00adted <span class=\"caps\">EBITDA<\/span> does not take into account chan\u00adges in cer\u00adtain assets and lia\u00adbi\u00adli\u00adties as well as inte\u00adrest inco\u00adme and expen\u00adse and inco\u00adme taxes that can affect cash&nbsp;flows.<\/sup><\/p>\n<p><sup>**The Com\u00adpa\u00adny also pres\u00adents free cash flow as a sup\u00adple\u00admen\u00adtal Non-GAAP mea\u00adsu\u00adre of its per\u00adfor\u00admance. Free cash flow is deter\u00admi\u00adned by adjus\u00adting <span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by (used in) ope\u00adra\u00adting acti\u00advi\u00adties for capi\u00adtal expen\u00addit\u00adures. The Com\u00adpa\u00adny cal\u00adcu\u00adla\u00adtes and com\u00admu\u00adni\u00adca\u00adtes free cash flow in the finan\u00adcial ear\u00adnings press release becau\u00adse manage\u00adment belie\u00adves it is of importance to inves\u00adtors to under\u00adstand the natu\u00adre of the\u00adse cash flows. The Company\u2019s cal\u00adcu\u00adla\u00adti\u00adon of free cash flow may or may not be con\u00adsis\u00adtent with the cal\u00adcu\u00adla\u00adti\u00adon of this mea\u00adsu\u00adre by other com\u00adpa\u00adnies in the same indus\u00adtry. Inves\u00adtors should not view free cash flow as an alter\u00adna\u00adti\u00adve to <span class=\"caps\">GAAP<\/span> liqui\u00addi\u00adty mea\u00adsu\u00adres of cash flows from ope\u00adra\u00adting activities.<\/sup><\/p>\n<p><sup>The Com\u00adpa\u00adny has pro\u00advi\u00added recon\u00adci\u00adlia\u00adti\u00adons within the ear\u00adnings press release of the\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres to the most direct\u00adly com\u00adpa\u00adra\u00adble <span class=\"caps\">GAAP<\/span> finan\u00adcial measures.<\/sup><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2014 Reve\u00adnue increased 53 per\u00adcent year-over-year; gross mar\u00adgin expan\u00added to 37 per\u00adcent \u2014 (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/39270-amd-reports-second-quarter-2018-financial-results\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-39270","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/39270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=39270"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/39270\/revisions"}],"predecessor-version":[{"id":39271,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/39270\/revisions\/39271"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=39270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=39270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=39270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}