Advanced Micro Devices, Inc. Q1 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • AMD reported record quarterly revenue of $3.45 billion, up 93% year-over-year and up 6% sequentially.
  • Growth was driven across all major segments: Computing and Graphics, Enterprise, Embedded and Semi-Custom, and Data Center.
  • Gross margin held at 46%, flat year-over-year despite higher semi-custom mix.
  • Operating income reached $762 million, up from $236 million in Q1 2020.
  • Free cash flow was $832 million, compared to negative $120 million last year.

Computing and Graphics (C&G)

  • Revenue: $2.1 billion, up 46% year-over-year.
  • Drivers: Strong Ryzen and Radeon sales, including record client processor revenue and ASPs.
  • Notebook:
    • Sixth straight quarter of record mobile processor revenue.
    • Ryzen 5000 Mobile revenue ramping twice as fast as prior generation.
    • Notebook platforms with Ryzen 5000 up 50% vs. previous generation.
  • Commercial market:
    • Ryzen PRO shipments up double-digit sequentially.
    • Commercial notebook design wins tripled across major OEMs.
  • Graphics:
    • Revenue up strong double digits year-over-year and sequentially.
    • Radeon 6000 GPU revenue more than doubled sequentially.
    • First RDNA 2-based notebooks launching later in the quarter.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Hello, and welcome to the AMD First Quarter 2021 Earnings Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Ruth Cotter, Senior Vice President, Worldwide Marketing, Human Resources and Investor Relations. Please go ahead, Ruth. Ruth Cotter: Thank you, and welcome to AMD's First Quarter 2021 Financial Results Conference call. By now, you should have had the opportunity to review a copy of our earnings press release and accompanying slideware. If you've not reviewed these documents yet, they can be found on the Investor Relations page of amd.com. Participants on today's conference call are Dr. Lisa Su, our President and Chief Executive Officer; and Devinder Kumar, our Executive Vice President, Chief Financial Officer and Treasurer. This is a live call and will be replayed via webcast on our website. Before we begin, I would like to note that our annual shareholder meeting will be held on Wednesday, May 19, as a virtual event accessible from our website. Dr. Lisa Su will provide a keynote presentation at the JPMorgan Technology, Media and Communications Conference on Monday, May 24. Dan McNamara, Senior Vice President and General Manager of our server business, will attend the Bank of America Global Technology Conference on Wednesday, the 9th of June. And our second quarter 2021 quiet time is expected to begin at the close of business on Friday, June 11. Today's discussion contains

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional