Loading...
•
Dec 28, 2019
AMD Q4 2019 Earnings Report
AMD's Q4 2019 earnings were released, showcasing record quarterly revenue and margin expansion.
Key Takeaways
AMD reported strong Q4 2019 results with record revenue of $2.13 billion, a 50% increase year-over-year, driven by the Computing and Graphics segment. Gross margin expanded to 45%, and operating income reached $348 million. The company's success was attributed to the ramp of 7nm products and strong sales of Ryzen and EPYC processors.
Revenue increased by 50% year-over-year to $2.13 billion, driven by Computing and Graphics segment.
Gross margin reached 45%, up from 38% year-over-year, benefiting from 7nm product ramp.
Operating income was $348 million, a significant increase from $28 million in the prior year.
Free cash flow was $400 million, compared to $79 million in the previous year.
Forward Guidance
For Q1 2020, AMD expects revenue to be approximately $1.8 billion, plus or minus $50 million, an increase of approximately 42 percent year-over-year. For the full year 2020, AMD expects revenue growth of approximately 28 to 30 percent over 2019.
Positive Outlook
- Strong growth of Ryzen product sales
- Strong growth of EPYC product sales
- Strong growth of Radeon product sales
- Non-GAAP gross margin to be approximately 46 percent in Q1 2020
- Revenue growth of approximately 28 to 30 percent over 2019
Challenges Ahead
- Sequential decrease driven primarily by negligible semi-custom revenue
- Semi-custom revenue continues to soften in advance of the ramp of next generation products
- Seasonality
- Market conditions
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...