Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Sign up for free newsletters and get more CNBC delivered to your inbox"We expect strong second-half semi-custom growth as we read production to support the holiday launches of the new PlayStation 5, and Xbox Series X consoles," Su said.Get this delivered to your inbox, and more info about our products and services. At this point AMD is now setting quarterly revenue records, and the company is expecting to grow its revenue further over the coming months.None the less, the odd grouping of server CPUs with semi-custom (console) chips means that revenue actually dropped on a year-over-year basis thanks to lower semi-custom sales. In fact the only real knock that can be made on AMD’s quarter is that they didn’t pass their Q1’2020 net income or gross margin, which was due to increased semi-custom shipments, which aren’t as profitable for the company.Driving this growth for AMD will be a mix of the slow expansion of server products, as well as new products launched in the second-half of the year. The upshot, at least, is that it’s a significant improvement over Q1, where the group ended up in the red.
Meanwhile AMD is reiterating that it’s expecting to begin shipping its Zen 3-based “Milan” EPYC processors late this year. Once again the flag bearer for AMD is their Computing and Graphics segment, which encompasses their desktop and notebook CPU sales, as well as their GPU sales. In fact AMD has finally, albeit belatedly, finally captured a double-digit share of the server processor market, a major goal for the company. AMD stock is up 47% since the start of the year. Overall, all of AMD’s metrics have improved in a year-over-year basis, with net income up $122M (349%) to $157M, while the company’s all-important gross margin improved by 3 points to 44%. Fittingly, on a year-over-year basis, EPYC revenue has doubled.As for the consumer side of matters, AMD is expecting continued sales success with its consumer products, particularly Ryzen Mobile. As a result, AMD is increasing its full-year projections, and the company is now calling for 32% revenue growth over 2019, and a gross margin of around 45%.These numbers come as AMD closes the book on their first year of Zen 2 product sales – the first retail chips hit store shelves at the very start of Q3’2019. On their earnings call, AMD has noted that while mobile GPU sales are up by double digits, this was more than offset by declines in desktop GPU sales. Since then AMD has grown their desktop chip sales significantly, and combined with laptop sales the company is reporting their best client processor revenue in more than 12 years. None the less, all eyes are going to be on AMD’s future products, as AMD is reiterating their 2020 launch plans. Advanced Micro Devices AMD is slated to release second-quarter 2020 results on Jul 28. Management anticipates Semi-custom revenues to gain from production increase to support the … The company reports that it’s on track to launch Zen 3 client CPUs in late 2020, and the company’s eagerly-anticipated RDNA2 products, which will eventually encompass a full stack refresh, will launch in late 2020 as well.Continuing our look at tech industry financial results, AMD this afternoon is celebrating setting some new records in its Q2’2020 financial results. AMD is expecting EPYC sales to continue to grow and for the company to gain market share there as more server vendors further ramp up their EPYC server production. Enjoying a continuing turn-around in its fortunes t hanks in big part to its Zen series of CPU architectures and resulting products, the company has just closed the books on the first year of sales of its Zen 2-based desktop processors, with EPYC following close behind. The semiconductor company recently narrowed its gap with Intel after the rival firm announced its next generation of … The company projects second-quarter 2020 revenues to be roughly $1.85 billion (+/-$100 million). Meanwhile AMD has started production of the PS5 and Xbox Series X SoCs, so revenues here should significantly improve next quarter, but those are still lower margin products. As previously mentioned, laptop sales saw record revenue – doubling last year’s numbers – thanks in part to AMD shipping a record number of notebook chips.For the second quarter of 2020, AMD reported $1.93B in revenue, a 26% jump over the same quarter a year ago.
AMD’s upcoming CDNA-based data center GPUs are also set to launch around at time.Finally, AMD’s Enterprise, Embedded, and Semi-Custom segment saw a very solid Q2, as the group enjoyed an uptick in EPYC processor sales. Executives will discuss the results with analysts on a conference call starting at 5:30 p.m. Eastern time. This is …