AMD COVID-19 HPC Fund Adds 18 Institutions and Five Petaflops of Supercomputer Processing Power to Assist Researchers Fighting COVID-19 Pandemic

— High performance AMD EPYC CPUs and Radeon Instinct GPUs to power COVID-19 focused research at Stanford School of Medicine, The University of Texas at Austin, UCLA, University of Toronto and other institutions across the U.S., Europe, and India —

SANTA CLARA, Calif., Sept. 14, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced a second round of high-performance technology contributions to assist in the global fight against the COVID-19 pandemic. AMD is now contributing high-end computing systems or access to Penguin-On-Demand (POD) cloud-based clusters powered by 2nd Gen AMD EPYC™ and AMD Radeon Instinct™ processors to 21 institutions and research facilities conducting COVID-19 research. With 12 petaflops of total supercomputing capacity now awarded, the combined compute capacity donated through the AMD COVID-19 HPC Fund would rank among the fastest supercomputers in the world according to the most recent Top500 list.

“AMD is proud to be working with leading global research institutions to bring the power of high performance computing technology to the fight against the coronavirus pandemic,” said Mark Papermaster, executive vice president and chief technology officer, AMD. “These donations of AMD EPYC and Radeon Instinct processors will help researchers not only deepen their understanding of COVID-19, but also help improve our ability to respond to future potential threats to global health.”

The AMD COVID-19 HPC fund was established to provide research institutions with computing resources to accelerate medical research on COVID-19 and other diseases. In addition to the donations of $15 million of high-performance computing systems, AMD has contributed technology and technical resources to nearly double the peak system of the “Corona” system at Lawrence Livermore National Laboratory which is being used to provide additional computing power for molecular modeling in support of COVID-19 research.

The second round of AMD-donated compute capacity is expected to be operational starting in Q4 of this year and will be used for a number of pandemic-related workloads including genomics, vaccine development, transmission science, and modeling. Research projects range from evolutionary modeling of the virus, to understanding the virus spike protein activation that occurs prior to first interaction between the coronavirus and human cell, and large scale fluid dynamics simulations of COVID-19 droplets as they travel through the air. To maximize the impact of the research, AMD is also initiating a working group for COVID-19 HPC Fund recipients and AMD engineers to jointly discuss research areas and findings as well as hardware and software optimizations that can accelerate their collective work.

To date, the AMD COVID-19 HPC fund has donated computing systems or cloud-based computing capacity to: Cambridge University, Carnegie Mellon, GENCI / French National High-Performance Computing Agency, Harvard Children’s Hospital, High Performance Computing Center (HLRS) / the University of Stuttgart, MIT, NYU, CSIR Fourth Paradigm Institute in India, Leibniz Supercomputing Centre (LRZ), Rice, Stanford School of Medicine, Texas State University, The University of British Columbia, The University of Texas at Austin, UCLA, University of Arkansas, University of Toronto, University of Trento, University of Vermont, Virginia Commonwealth University, and Washington University.

AMD COVID-19 HPC Fund Recipient Support

Stanford School of Medicine

“We are very grateful to receive AMD’s donation of high performance servers. The diverse evolution of COVID-19 epidemics in various parts of the world raises numerous, time-critical, location-specific, policy-relevant questions,” said Dr. Jeremy Goldhaber-Fiebert, associate professor of Medicine and core faculty member of Stanford Health Policy. “Computational power like that provided by AMD allows our team to attempt to answer such question more quickly, more deeply, and for more places.”

UCLA

"UCLA is grateful for the generous gift from AMD, which will make an important impact on our research at UCLA,” said Todd Yeates, professor of biochemistry and director of the UCLA-DOE Institute for Genomics and Proteomics. “We have numerous research groups working on diverse aspects of the COVID19 problem, from epidemiology to molecular studies aimed at developing therapeutics and vaccines. Many of those studies are limited by computing needs. This new influx of power will be an opportunity for UCLA and AMD to work together in exploiting their processor technologies in new areas of computational research."

UT Austin

“AMD CPUs and GPUs will allow our researchers to expand the scope of their COVID-19 work while also helping them accelerate their timeliness significantly,” said UT’s Interim Vice President for Research Alison R. Preston. “This includes everything from identifying viral spike protein mutations that could help improve vaccines to using machine learning technology to study COVID disease severity in patients of all ages, from newborns to the elderly.”

University of Toronto

"This new partnership is critical in helping the University of Toronto accelerate research on COVID-19 and develop innovations that will mitigate the impact of the pandemic on communities," said Alex Mihailidis, associate vice-President of International Partnerships. “The donation of cutting-edge computing resources will allow the University of Toronto and our affiliated hospitals expand our current infrastructure and launch SciNet4Health, a platform that can securely process big data sets of private health information to advance the discovery of therapies, vaccines and disease mutations. This donation brings us one step closer to the healthcare of the future.”

AMD Ecosystem Partners

AMD continues to work with well-known HPC and AI solutions firm Penguin Computing®, a division of SMART Global Holdings, Inc. (NASDAQ: SGH), to define, build, and deliver on-premises systems and Penguin Computing’s POD clusters, powered by AMD. Penguin Computing’s POD support is collocated in data center space donated by DataBank. Contributions from Gigabyte™, Nvidia Networking, and others are also supporting the AMD HPC Fund.

“Penguin Computing is proud to announce that the first petaflop of compute capacity in our datacenter is now online and available for researchers to begin advancing the science of pandemic research to help find new ways to fight COVID-19. We look forward to continuing to support AMD and the latest round of universities and labs to participate in this global effort with Penguin Computing’s applications and technology expertise,” said Sid Mair, President, Penguin Computing Inc.

Gigabyte is supplying its G291-Z20 compute nodes for the Penguin Computing clusters, built around a single, 48-core AMD EPYC 7642 processor paired with eight Radeon Instinct™ MI50 GPU accelerators. The system R182-Z91 management nodes, also from Gigabyte, each utilize two 16-core, AMD EPYC 7302 processors.

Supporting Resources

About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) websiteblogFacebook and Twitter pages.

AMD, the AMD logo, EPYC, AMD Instinct, Radeon Instinct, and combinations thereof are trademarks of Advanced Micro Devices, Inc. GIGABYTE is a trademark of GIGA-BYTE TECHNOLOGY CO., LTD. Penguin Computing is a registered trademark of Penguin Computing, Inc. Other product names used in this publication are for identification purposes only and may be trademarks of their respective companies.

Contacts:
Gary Silcott
AMD Communications
+1 512-602-0889
Gary.Silcott@amd.com

Jason Schmidt
AMD Investor Relations
+1 408-749-6688
Jason.Schmidt@amd.com

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Source: Advanced Micro Devices

AMD Senior Unsecured Credit Rating Raised to Investment Grade by Moody’s Investors Service

Upgraded rating driven by strong execution and financial outlook, including strong free cash flow expectation for 2020 and 2021

SANTA CLARA, Calif., Sept. 11, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that the company’s senior unsecured credit rating was raised to investment grade Baa3 by Moody’s Investors Service.  

“Our focus on roadmap execution and financial discipline during the last five years has created a solid foundation for long-term growth,” said Devinder Kumar, senior vice president, CFO and Treasurer, AMD. “We are pleased with this upgrade from Moody’s, which reflects our strong financial performance and outlook for continued growth and significant cash generation.”

Moody’s upgraded AMD based on growing business momentum, share gains, strong financial performance, excellent liquidity and consistent execution. 

About AMD
For 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages.

Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as expectations regarding AMD’s business momentum and future financial performance, including AMD’s outlook for continued growth and significant cash generation, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; the ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; expected manufacturing yields for AMD’s products; AMD's ability to introduce products on a timely basis with features and performance levels that provide value to its customers; global economic uncertainty; the loss of a significant customer; AMD's ability to generate revenue from its semi-custom SoC products;  the impact of the COVID-19 pandemic on AMD’s business, financial condition and results of operations; political, legal, economic risks and natural disasters; the impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; potential security vulnerabilities; potential IT outages, data loss, data breaches and cyber-attacks; uncertainties involving the ordering and shipment of AMD’s products; quarterly and seasonal sales patterns; the restrictions imposed by agreements governing AMD’s notes and the secured credit facility; the competitive markets in which AMD’s products are sold; AMD's ability to generate sufficient revenue and operating cash flow or obtain external financing for research and development or other strategic investments; the potential dilutive effect if the 2.125% Convertible Senior Notes due 2026 are converted; market conditions of the industries in which AMD products are sold; AMD’s reliance on third-party intellectual property to design and introduce new products in a timely manner; AMD's reliance on third-party companies for the design, manufacture and supply of motherboards, software and other computer platform components; AMD's reliance on Microsoft Corporation and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; future impairments of goodwill and technology license purchases; AMD’s ability to attract and retain qualified personnel; AMD's indebtedness; AMD's ability to generate sufficient cash to service its debt obligations or meet its working capital requirements; AMD's ability to repurchase its outstanding debt in the event of a change of control; the cyclical nature of the semiconductor industry; the impact of acquisitions, joint ventures and/or investments on AMD's business; the impact of modification or interruption of AMD’s internal business processes and information systems; the availability of essential equipment, materials or manufacturing processes; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; the efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD’s stock price volatility; worldwide political conditions; unfavorable currency exchange rate fluctuations; AMD’s ability to effectively control the sales of its products on the gray market; AMD's ability to adequately protect its technology or other intellectual property; current and future claims and litigation; potential tax liabilities; and the impact of environmental laws, conflict minerals-related provisions and other laws or regulations. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s Quarterly Report on Form 10-Q for the quarter ended June 27, 2020.

Media Contact:
Drew Prairie
AMD Communications
512-602-4425
drew.prairie@amd.com

Investor Contact:
Laura Graves
AMD Investor Relations
408-749-5467
laura.graves@amd.com


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Source: Advanced Micro Devices

AMD to Present at Deutsche Bank Technology Conference

SANTA CLARA, Calif., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that Forrest Norrod, senior vice president and general manager, Data Center and Embedded Solutions Business Group, will participate in a virtual fireside chat at Deutsche Bank’s Technology Conference on Tuesday, September 15, 2020 at 11:10am ET/8:10am PT.

A real-time video webcast of the presentation can be accessed on AMD’s Investor Relations website ir.amd.com. A replay of the webcast can be accessed approximately four hours after the conclusion of the live event and will be available for approximately one year after the conference.

About AMD

For 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages.

AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Media Contact:
Drew Prairie
AMD Communications
512-602-4425
drew.prairie@amd.com

Investor Contact:
Laura Graves
AMD Investor Relations
408-749-5467
Laura.Graves@amd.com

           

 


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Source: Advanced Micro Devices

New AMD Radeon™ Pro 5000 Series GPUs Bring Exceptional Graphics Performance to Updated 27-inch iMac

SANTA CLARA, Calif., Aug. 04, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced availability of new AMD Radeon™ Pro 5000 series GPUs for the updated 27-inch iMac. The new GPUs power a wide variety of graphically intensive applications and workloads, unleashing creativity and productivity for consumer and professional users alike.

Apple 27-inch iMac
Apple 27-inch iMac


AMD Radeon(TM) Pro 5000 Series GPUs
AMD Radeon(TM) Pro 5000 Series GPUs


The new AMD Radeon Pro 5000 series GPUs are built on industry-leading 7nm process technology and advanced AMD RDNA™ graphics architecture. They feature up to 40 compute units and up to 16GB of high-speed GDDR6 memory while delivering up to 7.6 teraflops of single precision (FP32) computational performance.

“AMD Radeon Pro 5000 series GPUs bring new levels of performance and flexibility to the updated 27-inch iMac,” said Scott Herkelman, corporate vice president and general manager, Graphics Business Unit at AMD. “The new AMD GPUs offer the optimal combination of compute performance, energy efficiency and outstanding graphics features to power a wide range of applications – from consumer to pro – wherever graphics matter the most.”

Key capabilities and features of AMD Radeon Pro 5000 series GPUs include:

  • Exceptional compute performance – Up to 7.6 TFLOPS of single-precision (FP32) floating point performance.
  • GDDR6 memory – Up to 16GB of GDDR6 memory with 384 GB/s bandwidth provides ultra-fast transfer speeds to power data-intensive pro applications.
  • AMD RDNA architecture – AMD RDNA architecture was designed from the ground up for superior performance and power efficiency. It is built on industry-leading 7nm FinFET process technology, providing up to 1.5X higher performance per watt compared to the previous-generation graphics architecture1

AMD Radeon™ Pro 5000
series GPUs
Compute
Units
Stream
Processors
FP32
TFLOPS
GDDR6
Memory
AMD Radeon™ Pro 5700 XT 40 2560 Up to 7.6 16GB
AMD Radeon™ Pro 5700 36 2304 Up to 6.2 8GB
AMD Radeon™ Pro 5500 XT 24 1536 Up to 5.3 8GB
AMD Radeon™ Pro 5300 20 1280 Up to 4.2 4GB


For more information about the iMac visit www.apple.com/imac/.

Supporting Resources

  • Learn more about AMD Radeon™ Pro 5000 series GPUs for the updated iMac here
  • Become a fan of AMD on Facebook
  • Follow AMD on Twitter
  • Follow Radeon™ Pro graphics on Twitter

About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) websiteblogFacebook and Twitter pages.

©2020 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, Radeon, RDNA and combinations thereof are trademarks of Advanced Micro Devices, Inc. Apple, iMac, and the Apple Logo are trademarks of Apple Inc., registered in the U.S. and other countries. Other product names used in this publication are for identification purposes only and may be trademarks of their respective companies.

  1. Testing done by AMD performance labs 5/23/19, using the Division 2 @ 25x14 Ultra settings.  Performance may vary based on use of latest drivers. RX-325

Contacts:
George Millington
AMD Communications
+1 408-547-7481
George.Millington@amd.com

Jason Schmidt
AMD Investor Relations
+1 408-749-6688
Jason.Schmidt@amd.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/a28f3f80-692d-433f-b2ad-960012e591bc

https://www.globenewswire.com/NewsRoom/AttachmentNg/7fdf98bf-30f1-44d9-ab91-eae19492fdf1


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Source: Advanced Micro Devices

AMD Commemorates 25 Years of Corporate Responsibility Reporting

― Annual update highlights progress on environmental, social and community initiatives ―

SANTA CLARA, Calif., July 30, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced its 25th annual corporate citizenship update, providing a transparent view of the company’s corporate responsibility initiatives. This year’s update highlights how AMD and its technologies are addressing sustainable technological and scientific advancement, environmental and supply chain responsibility, workplace inclusion and belonging, and community support.

“We complete twenty-five years of sustainability reporting recognizing the role that semiconductors contribute in helping solve many of the complex challenges our world faces,” said Susan Moore, corporate vice president of international government affairs and corporate responsibility at AMD. “As we navigate this changing world, fueled by the resilience of our employees, communities and customers, AMD remains focused on responsibly delivering high-performance technology that helps us achieve more together.”

Purpose-Built Technology
AMD is committed to developing and deploying its high-performance technology to enable a better and more sustainable world. In 2020, AMD exceeded its six-year goal to deliver an unprecedented 25 times energy efficiency improvement in its mobile processors. The new AMD Ryzen™ 7 4800H is 31.7 times more energy efficient than the baseline metric, far surpassing the award-winning 25x20 Energy Efficiency goal set in 2014.

In response to the COVID-19 pandemic, AMD announced the AMD COVID-19 High-Performance Computing (HPC) Fund to provide research entities with computing resources powered by AMD EPYC™ servers and AMD Radeon Instinct™ GPUs to accelerate medical research about COVID-19 and other diseases. Additionally, AMD is supporting organizations delivering medical services and humanitarian relief worldwide, contributing more than $1.2 million USD in grants, to date, and hundreds of thousands of personal protective equipment.
                   
Operating Responsibly
AMD extends its commitment to transparent reporting throughout its operations and supply chain. AMD values environmental protection and is currently ahead of target for its 2014-2020 greenhouse gas (GHG) reduction goals approved by the Science Based Targets initiative.

AMD also increased supply chain responsibility efforts, engaging with 100 percent of direct suppliers and conducting additional supplier audits, with a focus on ensuring all workers are treated with respect and that working conditions are safe.

Strengthening Communities
AMD is dedicated to positively impacting the communities in which it operates, with a focus on science, technology, engineering and math (STEM)-related initiatives. Through AMD partnerships with educational organizations around the world, more than 1,000 students and teachers are learning in labs powered by the latest generation of AMD CPUs and GPUs, with ongoing engagement from employee volunteers.

AMD employees regularly share their time and talents in community engagement. In 2019, they drove a 10 percent year-over-year increase in company-sponsored volunteerism to support the needs of AMD communities spanning STEM education, meal preparation, park clean-ups and more.

Empowering People
AMD fosters a culture of inclusion and belonging to enable employees to do their best work. In 2019, AMD expanded its Employee Resource Group (ERG) program with five new groups and eight new site chapters of existing ERGs, empowering employees with more ways to celebrate their diversity and support each other.

Aligned with the company’s commitment to diversity and inclusion and in light of recent events that highlight the work still ahead to end racism and social injustice, AMD announced its first steps to cultivate change with donations to high-impact non-profits focused on social and racial equality and support for their empowerment, scholarship and mentorship programs. AMD is committed to helping its employees and communities effect systemic and lasting change.

Demonstrating its commitment to environmental, social and workplace progress, AMD continues its track record of company recognition with features on this year’s Best 100 Corporate Citizens list, Forbes and JUST Capital JUST 100 ranking, Bloomberg Gender-Equality Index, and Human Rights Campaign Foundation Corporate Equality Index.

Supporting Resources

About AMD
For 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages.                                                                         

©2020 Advanced Micro Devices, Inc.  All rights reserved. AMD, the AMD Arrow logo, EPYC, Radeon Instinct, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Contact:
Sarah Feller
AMD Communications
(512) 602-4333
sarah.feller@amd.com


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Source: Advanced Micro Devices

AMD Reports Second Quarter 2020 Financial Results

Revenue grows 26 percent year-over-year driven by Ryzen™ and EPYC™ processor sales

SANTA CLARA, Calif., July 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2020 of $1.93 billion, operating income of $173 million, net income of $157 million and diluted earnings per share of $0.13. On a non-GAAP* basis, operating income was $233 million, net income was $216 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

  Q2 2020
  Q2 2019
  Y/Y Q1 2020
  Q/Q
Revenue ($B) $1.93   $1.53   Up 26% $1.79   Up 8%
Gross margin 44%   41%   Up 3pp 46%   Down 2pp
Operating expenses ($M) $675   $562   Up $113 $641   Up $34
Operating income ($M) $173   $59   Up $114 $177   Down $4
Net income ($M) $157   $35   Up $122 $162   Down $5
Earnings per share $0.13   $0.03   Up $0.10 $0.14   Down $0.01

Non-GAAP* Quarterly Financial Results

  Q2 2020 Q2 2019 Y/Y Q1 2020 Q/Q
Revenue ($B) $1.93   $1.53   Up 26% $1.79   Up 8%
Gross margin 44%   41%   Up 3pp 46%   Down 2pp
Operating expenses ($M) $617   $512   Up $105 $584   Up $33
Operating income ($M) $233   $111   Up $122 $236   Down $3
Net income ($M) $216   $92   Up $124 $222   Down $6
Earnings per share $0.18   $0.08   Up $0.10 $0.18   Flat
           

“We delivered strong second quarter results, led by record notebook and server processor sales as Ryzen and EPYC revenue more than doubled from a year ago,” said Dr. Lisa Su, AMD president and CEO. “Despite some macroeconomic uncertainty, we are raising our full-year revenue outlook as we enter our next phase of growth driven by the acceleration of our business in multiple markets.”

Q2 2020 Results

  • Revenue was $1.93 billion, up 26 percent year-over-year primarily driven by higher Computing and Graphics segment revenue. Revenue was up 8 percent quarter-over-quarter primarily driven by higher Enterprise, Embedded and Semi-Custom segment revenue.
  • Gross margin was 44 percent, up 3 percentage points year-over-year and down 2 percentage points quarter-over-quarter. The year-over-year increase was primarily driven by Ryzen™ and EPYC™ processor sales. The quarter-over-quarter decrease was due to increased semi-custom product sales.
  • Operating income was $173 million compared to operating income of $59 million a year ago and $177 million in the prior quarter. Non-GAAP operating income was $233 million compared to operating income of $111 million a year ago and $236 million in the prior quarter. Operating income improved year-over-year primarily driven by revenue growth and a greater percentage of Ryzen and EPYC processor sales.
  • Net income was $157 million compared to net income of $35 million a year ago and $162 million in the prior quarter. Non-GAAP net income was $216 million compared to net income of $92 million a year ago and $222 million in the prior quarter.
  • Diluted earnings per share was $0.13 compared to diluted earnings per share of $0.03 a year ago and $0.14 in the prior quarter. Non-GAAP diluted earnings per share was $0.18 compared to diluted earnings per share of $0.08 a year ago and $0.18 in the prior quarter.
  • Cash and cash equivalents were $1.78 billion at the end of the quarter.

Quarterly Financial Segment Summary

  • Computing and Graphics segment revenue was $1.37 billion, up 45 percent year-over-year and down 5 percent quarter-over-quarter. Revenue was higher year-over-year driven by strong Ryzen processor sales. The quarter-over-quarter decline was due to lower graphics processor sales.
    • Client processor average selling price (ASP) was up year-over-year driven by Ryzen processor sales. Client processor ASP was down quarter-over-quarter due to a higher percentage of Ryzen mobile processor sales.
    • GPU ASP was lower year-over-year and quarter-over-quarter due to lower channel sales. 
    • Operating income was $200 million compared to $22 million a year ago and $262 million in the prior quarter. The year-over-year increase was driven by higher revenue. The quarter-over-quarter decline was due to higher operating expenses and lower revenue.
  • Enterprise, Embedded and Semi-Custom segment revenue was $565 million, down 4 percent year-over-year and up 62 percent quarter-over-quarter. Revenue was lower year-over-year due to lower semi-custom product sales largely offset by higher EPYC processor sales. The quarter-over-quarter increase was driven by higher EPYC processor and semi-custom product sales. 
    • Operating income was $33 million compared to $89 million a year ago and an operating loss of $26 million in the prior quarter. The year-over-year decline was due to higher operating expenses and lower revenue. The quarter-over-quarter increase was driven by higher revenue.
  • All Other operating loss was $60 million compared to operating losses of $52 million a year ago and $59 million in the prior quarter.

Recent PR Highlights

  • Data center adoption of 2nd Gen AMD EPYC processors continued to accelerate with unique cloud, enterprise and high-performance computing (HPC) wins.
    • Google announced new Confidential Virtual Machines for Google Compute Engine powered exclusively by AMD EPYC processors featuring AMD Secure Encrypted Virtualization. These Confidential VMs provide customers with data security and high-performance cloud computing enabled by advanced security features on AMD EPYC processors.
    • Amazon Web Services (AWS) added its sixth AMD EPYC processor-powered cloud instance family, the new Amazon EC2 C5a instances for customers running compute intensive workloads.
    • Oracle and AMD announced that AMD EPYC processors are bringing class-leading memory bandwidth and core count to the new Oracle Cloud Infrastructure Compute E3 platform for general purpose and high bandwidth workloads.
    • Dell Technologies, HPE, IBM Cloud, Nutanix, Supermicro, VMware and others announced offerings powered by the new AMD EPYC 7Fx2 processor family that bring high-frequency processing power and per-core performance leadership to enterprise workloads.
    • Dell Technologies announced its first hyperconverged infrastructure system, the VxRail E Series, based on AMD EPYC processors.
    • The new Nvidia DGX A100 system harnesses the performance, core count and PCIe® 4 support of AMD EPYC processors to accelerate diverse AI workloads such as data analytics, training and inference.
  • Commercial momentum for AMD client processors is growing, driven by Ryzen PRO performance, security features and seamless management for the most demanding business environments.
    • Lenovo and AMD announced the Lenovo ThinkStation P620 powered by AMD Ryzen Threadripper™ PRO processors, including a 64-core professional workstation CPU. The new AMD Ryzen Threadripper PRO processor family features leadership performance, unrivalled bandwidth and AMD PRO technologies which include enterprise-grade security and manageability features.
    • AMD announced the AMD Ryzen PRO 4000 Series mobile processors, bringing ultimate performance, work anywhere flexibility, security features and seamless manageability for modern IT infrastructures. Enterprise notebooks powered by the AMD Ryzen PRO 4000 Series are available now from HP and Lenovo.
  • AMD expanded its desktop processor portfolio with the 3rd Gen AMD Ryzen 3000XT series desktop processors, featuring higher boost frequencies that deliver elite performance in gaming and content creation compared to prior generation.
  • Apple announced the latest 16-inch MacBook Pro featuring the AMD Radeon™ Pro 5600M mobile GPU, bringing desktop-class graphics performance to users on the go.
  • AMD announced the AMD Radeon™ Pro VII workstation graphics card with AMD Infinity Fabric™ Link technology, delivering exceptional graphics and computing performance for broadcast and engineering professionals.
  • AMD announced it is contributing cloud-based supercomputing systems powered by AMD EPYC processors and AMD Radeon Instinct accelerators as part of the AMD HPC Fund for COVID-19 research. The systems will be delivered to New York University (NYU), Massachusetts Institute of Technology (MIT) and Rice University in partnership with Penguin Computing to provide remote supercomputing capabilities for selected researchers around the world.

Current Outlook

AMD’s outlook statements are based on current expectations and contemplate the current COVID-19 environment, global economic backdrop and customer demand signals. The following statements are forward-looking, and actual results could differ materially depending on market conditions, COVID-19 factors and the factors set forth under “Cautionary Statement” below.

For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom products. AMD expects non-GAAP gross margin to be approximately 44 percent in the third quarter of 2020. Gross margin is expected to increase year-over-year primarily driven by Ryzen and EPYC processor sales.

AMD now expects 2020 revenue to grow by approximately 32 percent compared to 2019 driven by strength in PC, gaming and data center products. Non-GAAP gross margin is expected to be approximately 45 percent.

AMD Teleconference

AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its second quarter 2020 financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. The webcast will be available for 12 months after the conference call.

               
  RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES            
  (In millions, except per share data) (Unaudited)                      
    Three Months Ended        
    June 27,
2020
  March 28,
2020
  June 29,
2019
           
  GAAP gross margin $   848     $   818     $   621              
  GAAP gross margin %   44%       46%       41%              
  Stock-based compensation   2       2       2              
  Non-GAAP gross margin $   850     $   820     $   623              
  Non-GAAP gross margin %   44%       46%       41%              
                         
  GAAP operating expenses $   675     $   641     $   562              
  GAAP operating expenses/revenue %   35%       36%       37%              
  Stock-based compensation   58       57       43              
  Loss contingency on legal matter   -       -       7              
  Non-GAAP operating expenses $   617     $   584     $   512              
  Non-GAAP operating expenses/revenue%   32%       33%       33%              
                         
  GAAP operating income $   173     $   177     $   59              
  GAAP operating margin %   9%       10%       4%              
  Stock-based compensation   60       59       45              
  Loss contingency on legal matter   -       -       7              
  Non-GAAP operating income $   233     $   236     $   111              
  Non-GAAP operating margin %   12%       13%       7%              
                         
    Three Months Ended
    June 27,
2020
  March 28,
2020
  June 29,
2019
  GAAP net income / earnings per share $   157     $   0.13     $   162     $   0.14   $   35     $   0.03
  Non-cash interest expense related to convertible debt   2       -       2       -     6       -
  Stock-based compensation   60       0.05       59       0.04     45       0.04
  Equity income in investee   (1 )     -       -       -     -       -
  Loss contingency on legal matter   -       -       -       -     7       0.01
  Income tax provision   (2 )     -       (1 )     -     (1 )     -
  Non-GAAP net income / earnings per share $   216     $   0.18     $   222     $   0.18   $   92     $   0.08
                         
  Shares used and net income adjustment in
earnings per share calculation (1)
                     
  Shares used in per share calculation (GAAP)   1,227       1,224     1,109
  Interest expense add-back to GAAP net income $ 3     $ 4   $ -
  Shares used in per share calculation (Non-GAAP)   1,227       1,224     1,210
  Interest expense add-back to Non-GAAP net income $ 1     $ 2   $ 5
                         
                         
(1 ) For the three months ended June 27, 2020 and March 28, 2020, GAAP diluted EPS calculations include 31 million shares related to the Company's 2026 Convertible Notes and the associated $3 million and $4 million interest expense, respectively, add-back to net income under the "if converted" method.
     
    For the three months ended June 29, 2019, the 100.6 million shares related to the Company's 2026 Convertible Notes were not included in the GAAP diluted EPS calculations as their inclusion would have been anti-dilutive.
     
    For the three months ended June 27, 2020,  March 28, 2020 and June 29, 2019, Non-GAAP diluted EPS calculations include 31 million, 31 million and 100.6 million shares, respectively, related to the Company's 2026 Convertible Notes and the associated $1 million, $2 million and $5 million interest expense, respectively, add-back to net income under the "if converted" method.
     

About AMD

For 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages.

Cautionary Statement

This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as AMD’s expectations regarding its next phase of growth; the features, functionality, performance, availability, timing and expected benefits of AMD products; and AMD’s expected third quarter of 2020 outlook including, revenue and non-GAAP gross margin and the expected drivers and AMD’s expected fiscal 2020 financial outlook, including revenue and non-GAAP gross margin and expected drivers, based on current expectations and contemplated current COVID-19 environment, global economic backdrop and customer demand signals, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; the ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; expected manufacturing yields for AMD’s products; AMD's ability to introduce products on a timely basis with features and performance levels that provide value to its customers; AMD's ability to generate sufficient revenue and operating cash flow or obtain external financing for research and development or other strategic investments; the loss of a significant customer; AMD's ability to generate revenue from its semi-custom SoC products; global economic uncertainty; the impact of the COVID-19 pandemic on AMD’s business, financial condition and results of operations; political, legal, economic risks and natural disasters; the impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; potential security vulnerabilities; potential IT outages, data loss, data breaches and cyber-attacks; uncertainties involving the ordering and shipment of AMD’s products; quarterly and seasonal sales patterns; the restrictions imposed by agreements governing AMD’s notes and the secured credit facility; the competitive markets in which AMD’s products are sold; the potential dilutive effect if the 2.125% Convertible Senior Notes due 2026 are converted; market conditions of the industries in which AMD products are sold; AMD’s reliance on third-party intellectual property to design and introduce new products in a timely manner; AMD's reliance on third-party companies for the design, manufacture and supply of motherboards, software and other computer platform components; AMD's reliance on Microsoft Corporation and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; future impairments of goodwill and technology license purchases; AMD’s ability to attract and retain qualified personnel; AMD's indebtedness; AMD's ability to generate sufficient cash to service its debt obligations or meet its working capital requirements; AMD's ability to repurchase its outstanding debt in the event of a change of control; the cyclical nature of the semiconductor industry; the impact of acquisitions, joint ventures and/or investments on AMD's business; the impact of modification or interruption of AMD’s internal business processes and information systems; the availability of essential equipment, materials or manufacturing processes; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; the efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD’s stock price volatility; worldwide political conditions; unfavorable currency exchange rate fluctuations; AMD’s ability to effectively control the sales of its products on the gray market; AMD's ability to adequately protect its technology or other intellectual property; current and future claims and litigation; potential tax liabilities; and the impact of environmental laws, conflict minerals-related provisions and other laws or regulations. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s Quarterly Report on Form 10-Q for the quarter ended March 28, 2020.

*   In this earnings press release, in addition to GAAP financial results, AMD has provided non-GAAP financial measures including non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income and non-GAAP earnings per share. These non-GAAP financial measures reflect certain adjustments as presented in the tables in this earnings press release. AMD uses a normalized tax rate in its computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2020, AMD uses a projected non-GAAP tax rate, which excludes the direct tax impacts of pre-tax non-GAAP adjustments, of approximately 3%, reflecting currently available information. AMD has also provided adjusted EBITDA and free cash flow as supplemental non-GAAP measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this earnings press release. AMD is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because AMD believes it assists investors in comparing AMD’s performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables. Refer to the data tables at the end of this earnings press release.
 
       

AMD, the AMD Arrow logo, EPYC, Radeon, Ryzen, Athlon and combinations thereof, are trademarks of Advanced Micro Devices, Inc.
Other names are for informational purposes only, used to identify companies and products and may be trademarks of their owner.

                 
  ADVANCED MICRO DEVICES, INC.              
  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS          
  (Millions except per share amounts and percentages) (Unaudited)        
    Three Months Ended   Six Months Ended  
    June 27,
2020
March 28,
2020
June 29,
2019
  June 27,
2020
June 29,
2019
 
  Net revenue $ 1,932   $ 1,786   $ 1,531     $ 3,718   $ 2,803    
  Cost of sales   1,084     968     910       2,052     1,661    
  Gross margin   848     818     621       1,666     1,142    
  Gross margin %   44%     46%     41%       45%     41%    
  Research and development   460     442     373       902     746    
  Marketing, general and administrative   215     199     189       414     359    
  Licensing gain   -     -     -       -     (60 )  
  Operating income   173     177     59       350     97    
  Interest expense   (14 )   (13 )   (25 )     (27 )   (52 )  
  Other income (expense), net   1     4     3       5     (4 )  
  Income before income taxes and equity income (loss)   160     168     37       328     41    
  Income tax provision (benefit)   4     6     2       10     (11 )  
  Equity income (loss) in investee   1     -     -       1     (1 )  
  Net Income $ 157   $ 162   $ 35     $ 319   $ 51    
  Earnings per share              
  Basic $ 0.13   $ 0.14   $ 0.03     $ 0.27   $ 0.05    
  Diluted $ 0.13   $ 0.14   $ 0.03     $ 0.27   $ 0.05    
  Shares used in per share calculation              
  Basic   1,174     1,170     1,084       1,172     1,064    
  Diluted   1,227     1,224     1,109       1,225     1,102    
                 


  ADVANCED MICRO DEVICES, INC.        
  CONDENSED CONSOLIDATED BALANCE SHEETS        
  (Millions)        
           
    June 27,
2020
  December 28,
2019
 
    (Unaudited)      
  Assets        
  Current assets:        
  Cash and cash equivalents $ 1,775     $ 1,466    
  Marketable securities   -       37    
  Accounts receivable, net   1,789       1,859    
  Inventories   1,324       982    
  Receivables from related parties   10       20    
  Prepaid expenses and other current assets   211       233    
  Total current assets   5,109       4,597    
  Property and equipment, net   585       500    
  Operating lease right-of use assets   215       205    
  Goodwill   289       289    
  Investment: equity method   59       58    
  Other non-current assets   326       379    
  Total Assets $ 6,583     $ 6,028    
           
  Liabilities and Stockholders' Equity        
  Current liabilities:        
  Short-term debt $ 200     $ -    
  Accounts payable   802       988    
  Payables to related parties   192       213    
  Accrued liabilities   1,172       1,084    
  Other current liabilities   68       74    
  Total current liabilities   2,434       2,359    
  Long-term debt, net   490       486    
  Long-term operating lease liabilities   204       199    
  Other long-term liabilities   150       157    
           
  Stockholders' equity:        
  Capital stock:        
  Common stock, par value   12       12    
  Additional paid-in capital   10,127       9,963    
  Treasury stock, at cost   (54 )     (53 )  
  Accumulated deficit   (6,776 )     (7,095 )  
  Accumulated other comprehensive loss   (4 )     -    
  Total stockholders' equity $ 3,305     $ 2,827    
  Total Liabilities and Stockholders' Equity $ 6,583     $ 6,028    
           


ADVANCED MICRO DEVICES, INC.            
SELECTED CASH FLOW INFORMATION            
(Millions) (Unaudited)            
  Three Months Ended   Six Months Ended  
  June 27,
2020
June 29,
2019
  June 27,
2020
June 29,
2019
 
Net cash provided by (used in)            
Operating activities $ 243   $ 30     $ 178   $ (183 )  
Investing activities $ (36 ) $ (7 )   $ (109 ) $ (180 )  
Financing activities $ 238   $ (38 )   $ 240   $ 248    
             


ADVANCED MICRO DEVICES, INC.                
SELECTED CORPORATE DATA                
(Millions) (Unaudited)                
    Three Months Ended   Six Months Ended  
Segment and Category Information   June 27,
2020
March 28,
2020
June 29,
2019
  June 27,
2020
June 29,
2019
 
                 
Computing and Graphics (1)                
Net revenue   $ 1,367   $ 1,438   $ 940     $ 2,805   $ 1,771    
Operating income   $ 200   $ 262   $ 22     $ 462   $ 38    
Enterprise, Embedded and Semi-Custom (2)                
Net revenue   $ 565   $ 348   $ 591     $ 913   $ 1,032    
Operating income (loss)   $ 33   $ (26 ) $ 89     $ 7   $ 157    
All Other (3)                
Net revenue     -     -     -       -     -    
Operating loss   $ (60 ) $ (59 ) $ (52 )   $ (119 ) $ (98 )  
Total                
Net revenue   $ 1,932   $ 1,786   $ 1,531     $ 3,718   $ 2,803    
Operating income   $ 173   $ 177   $ 59     $ 350   $ 97    
                 
                 
Other Data                
Capital expenditures   $ 91   $ 55   $ 58     $ 146   $ 120    
Adjusted EBITDA (4)   $ 305   $ 304   $ 163     $ 609   $ 293    
Cash, cash equivalents and marketable securities   $ 1,775   $ 1,385   $ 1,128     $ 1,775   $ 1,128    
Free cash flow (5)   $ 152   $ (120 ) $ (28 )   $ 32   $ (303 )  
Total assets   $ 6,583   $ 5,864   $ 5,102     $ 6,583   $ 5,102    
Total debt   $ 690   $ 488   $ 1,031     $ 690   $ 1,031    
                 


  (1) The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services. The Company also licenses portions of its intellectual property portfolio.  
  (2) The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom System-on-Chip (SoC) products, development services and technology for game consoles. The Company also licenses portions of its intellectual property portfolio.  
  (3) All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments. Also included in this category is stock-based compensation expense.  
  (4) Reconciliation of GAAP Net Income to Adjusted EBITDA*      
             
      Three Months Ended   Six Months Ended  
      June 27,
2020
March 28,
2020
June 29,
2019
  June 27,
2020
June 29,
2019
 
    GAAP net income $ 157   $ 162   $ 35     $ 319   $ 51    
    Interest expense   14     13     25       27     52    
    Other (income) expense, net   (1 )   (4 )   (3 )     (5 )   4    
    Income tax provision (benefit)   4     6     2       10     (11 )  
    Equity (income) loss in investee   (1 )   -     -       (1 )   1    
    Stock-based compensation   60     59     45       119     86    
    Depreciation and amortization   72     68     52       140     98    
    Loss contingency on legal matter   -     -     7       -     12    
    Adjusted EBITDA $ 305   $ 304   $ 163     $ 609   $ 293    
                   
  (5) Free Cash Flow Reconciliation**              
      Three Months Ended   Six Months Ended  
      June 27,
2020
March 28,
2020
June 29,
2019
  June 27,
2020
June 29,
2019
 
    GAAP net cash provided by (used in) operating activities $ 243   $ (65 ) $ 30     $ 178   $ (183 )  
    Purchases of property and equipment   (91 )   (55 )   (58 )     (146 )   (120 )  
    Free cash flow $ 152   $ (120 ) $ (28 )   $ 32   $ (303 )  
                   
                   
  * The Company presents “Adjusted EBITDA” as a supplemental measure of its performance. Adjusted EBITDA for the Company is determined by adjusting GAAP net income for interest expense, other income (expense), net, income tax provision (benefit), equity income (loss) on investee, stock-based compensation, and depreciation and amortization expense. The Company also included a loss contingency on legal matter in the three and six months ended June 29, 2019. The Company calculates and presents Adjusted EBITDA because management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. In addition, the Company presents Adjusted EBITDA because it believes this measure assists investors in comparing its performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. The Company’s calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of income or GAAP liquidity measures of cash flows from operating, investing and financing activities. In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities that can affect cash flows.  
                   
  ** The Company also presents free cash flow as a supplemental Non-GAAP measure of its performance. Free cash flow is determined by adjusting GAAP net cash provided by (used in) operating activities for capital expenditures. The Company calculates and communicates free cash flow in the financial earnings press release because management believes it is of importance to investors to understand the nature of these cash flows. The Company’s calculation of free cash flow may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view free cash flow as an alternative to GAAP liquidity measures of cash flows from operating activities.  
                   
    The Company has provided reconciliations within the earnings press release of these Non-GAAP financial measures to the most directly comparable GAAP financial measures.  
                   

Media Contact:
Drew Prairie
AMD Communications
512-602-4425
drew.prairie@amd.com

Investor Contact:
Laura Graves
AMD Investor Relations
408-749-5467
laura.graves@amd.com


AMD logo black .jpg

Source: Advanced Micro Devices

AMD Ryzen 4000 Series Desktop Processors with AMD Radeon Graphics Set to Deliver Breakthrough Performance for Commercial and Consumer Desktop PCs

New OEM and system integrator (SI) designs coming Q3 2020, including innovative small form factor enterprise PCs, towers and gaming desktops

SANTA CLARA, Calif., July 21, 2020 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced the world’s first and most advanced1 7nm x86 desktop processors with built-in graphics for consumer and commercial PC markets2. The AMD Ryzen™ 4000 Series Desktop Processors with Radeon™ Graphics and the AMD Athlon™ 3000 Series Desktop Processors with Radeon™ Graphics feature the most advanced processor core technology1 on the market combined with the best graphics performance available in a desktop processor2.

The new AMD Ryzen™ 4000 G-Series Desktop Processors deliver impressive generational leaps in performance3 and amazing power efficiency for consumers, gamers, streamers and creators. Built for modern business PCs, AMD Ryzen 4000 Series Desktop Processors with PRO technologies offer enterprise-class solutions, advanced technology and multi-layered security features. Ryzen 4000 Series Desktop Processors are built on the industry-leading 7nm process and “Zen 2” core architecture, offering unmatched user experiences and power efficiency in the state-of-the art AMD socket AM4 platform.

“AMD is dedicated to continuously pushing the boundaries of processing power and graphics performance to deliver amazing PC experiences for all customers, from mainstream PC users, to gamers, streamers and enterprise users,” said Saeid Moshkelani, senior vice president and general manager, client business unit, AMD. “Today, in association with our longstanding PC partners, we are excited to launch the AMD Ryzen 4000 Series Desktop Processors. The ultimate desktop processors with built-in graphics delivering amazing performance for work or play.”

AMD Ryzen 4000 G-Series Desktop Processors with AMD Radeon Graphics
With responsive performance and flawless visuals with Radeon graphics built-in, consumers can now enjoy enthusiast-level performance for gaming and content creation in AMD Ryzen 4000 G-Series processor powered pre-built desktops without the need for a discrete graphics card. Additionally, the new AMD Athlon™ 3000 G-Series Desktop Processors provide responsive performance and modern features for entry-level PCs using the same “Zen” core architecture and built-in Radeon graphics as the high-performance AMD Ryzen Desktop Processor family.

The AMD Ryzen™ 4700G Desktop Processor offers:

  • Up to 2.5X multi-threaded performance compared to previous generation5
  • Up to 5% greater single-thread performance than the Intel Core i7-9700 6
  • Up to 31% greater multithreaded performance than the Intel Core i7-9700 7
  • Up to 202% better graphics performance than the Intel Core i7-9700 8
MODEL CORES /
THREADS
TDP
(Watts)
BOOST9/BASE
FREQ. (GHz)
GPU CORES CACHE (MB)
AMD Ryzen™ 7 4700G 8C/16T 65W Up to 4.4 / 3.6 GHz 8 12 MB
AMD Ryzen™ 7 4700GE 8C/16T 35W Up to 4.3 / 3.1 GHz 8 12 MB
AMD Ryzen™ 5 4600G 6C/12T 65W Up to 4.2 / 3.7 GHz 7 11 MB
AMD Ryzen™ 5 4600GE 6C/12T 35W Up to 4.2 / 3.3 GHz 7 11 MB
AMD Ryzen™ 3 4300G 4C/8T 65W Up to 4.0 / 3.8 GHz 6 6 MB
AMD Ryzen™ 3 4300GE 4C/8T 35W Up to 4.0 / 3.5 GHz 6 6 MB
Athlon™ Gold 3150G 4C / 4T 65W​ 3.9 GHz 3 6 MB
Athlon™ Gold 3150GE 4C / 4T 35W 3.8 GHz 3 6 MB
Athlon™ Silver 3050GE 2C / 4T 35W 3.4 GHz 3 5 MB

AMD Ryzen 4000 Series Desktop Processors with PRO technologies
Built for the modern business environment, the new AMD Ryzen PRO 4000 Series and AMD Athlon PRO 3000 Series Desktop Processors offer a new standard for modern business PCs. Featuring advanced performance and modern security features with layers of protection, they are designed to keep up with today’s fast-paced, remote work business environments. With security features such as AMD Memory Guard and AMD Secure Processor alongside seamless manageability features, businesses can rest assured AMD-powered systems are easy to administer on an enterprise-level scale and deliver reliable security features.

The AMD Ryzen PRO 4000 Series Desktop Processors offer:

  • Up to 31% faster performance than the competition9
  • Up to 43% more performance per watt than the competition10
MODEL CORES/
THREADS
TDP
(Watts)
BOOST9/
BASE FREQ. (GHz)
Graphics
Cores
L2/L3
CACHE (MB)
AMD Ryzen™ 7 PRO 4750G 8C/16T 65W Up to 4.4/3.6 GHz 8 12MB
AMD Ryzen™ 7 PRO 4750GE 8C/16T 35W Up to 4.3/3.1 GHz 8 12MB
AMD Ryzen™ 5 PRO 4650G 6C/12T 65W Up to 4.2/3.7 GHz 7 11MB
AMD Ryzen™ 5 PRO 4650GE 6C/12T 35W Up to 4.2/3.3 GHz 7 11MB
AMD Ryzen™ 3 PRO 4350G 4C/8T 65W Up to 4.0/3.8 GHz 6 6MB
AMD Ryzen™ 3 PRO 4350GE 4C/8T 35W Up to 4.0/3.5 GHz 6 6MB
AMD Athlon™ Gold PRO 3150G 4C/4T 65W Up to 3.9/3.5 GHz 3 6MB
AMD Athlon™ Gold PRO 3150GE 4C/4T 35W Up to 3.8/3.3 GHz 3 6MB
AMD Athlon™ Silver PRO 3125GE 2C/4T 35W Up to 3.4/3.4 GHz 3 5MB

Partner Quotes
“Both our consumer and commercial customers expect PCs that deliver a blend of best-in-class performance and value,” said Mike Nash, chief technologist and head of Customer Experience and Portfolio Strategy, HP Inc. “HP offers a comprehensive AMD portfolio that offers incredible processing power and best-in-class integrated graphics across our consumer and gaming PCs as well as flexible functionality and enterprise-grade security in our commercial PCs to keep business users productive everywhere.”

“At Lenovo™, we are always listening to our customers’ pain points for new opportunities to transform how they feel about the PC desktop experience,” said Dilip Bhatia, Chief Customer Experience Officer at Lenovo. “Our IdeaCentre™ and ThinkCentre™ series serve our widest range of consumer and commercial customers for a reason, every desktop user wants smoother performance, more storage for files, and reliable graphics whether they’re working from home or at the office—but they also want sleek style. By bringing the speed of next-level AMD Ryzen Desktop Processors to our unique and more compact designs in several form factors, we are delivering more choice for better experiences without sacrificing style. The upgraded Lenovo IdeaCentre 5 with soft textured slide design is powered by AMD Ryzen 4700G Desktop Processor with Radeon Graphics options to provide the speed you need for premium entertainment and productivity tasks, while running cool and quiet. Featuring Ryzen PRO 4000 Series Desktop Processors, the Lenovo ThinkCentre M75t, M75s and M75q business PCs will be updated later this fall. The new desktops provide the flexibility of different form factors with layers of modern security features and manageability solutions for simpler deployment and IT management.”

Availability
The Ryzen 4000 G-Series Desktop Processors are expected to be available in systems from OEM partners including Lenovo and HP starting in Q3 2020. The Ryzen PRO 4000 Series Desktop Processors will be available from SIs at launch on July 21st and are expected in systems from OEM partners starting later this fall. The Ryzen 4000 G-Series, Athlon 3000 G-Series, Ryzen PRO 4000 Series and Athlon PRO 3000 Series Desktop Processors are exclusively available from SIs and OEM partners.

Supporting Resources

About AMD
For 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ:AMD) websiteblogFacebook and Twitter pages. 

Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, timing, availability, expectations and benefits of the Ryzen 4000 G-Series, Athlon 3000 G-Series, Ryzen PRO 4000 Series and Athlon PRO 3000 Series Desktop Processors and expectations with OEM partners, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "intends," "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. Investors are cautioned that the forward-looking statements in this document are based on current beliefs, assumptions and expectations, speak only as of the date of this document and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit AMD’s ability to compete effectively; AMD relies on third parties to manufacture its products, and if they are unable to do so on a timely basis in sufficient quantities and using competitive technologies, AMD’s business could be materially adversely affected; failure to achieve expected manufacturing yields for AMD’s products could negatively impact its financial results; the success of AMD’s business is dependent upon its ability to introduce products on a timely basis with features and performance levels that provide value to its customers while supporting and coinciding with significant industry transitions; if AMD cannot generate sufficient revenue and operating cash flow or obtain external financing, it may face a cash shortfall and be unable to make all of its planned investments in research and development or other strategic investments; the loss of a significant customer may have a material adverse effect on AMD; AMD’s receipt of revenue from its semi-custom SoC products is dependent upon its technology being designed into third-party products and the success of those products; global economic and market uncertainty may adversely impact AMD’s business and operating results; the ongoing novel coronavirus (COVID-19) pandemic could materially adversely affect AMD’s business, financial condition and results of operations; AMD’s worldwide operations are subject to political, legal and economic risks and natural disasters which could have a material adverse effect on AMD; government actions and regulations such as export administration regulations, tariffs and trade protection measures, may limit AMD’s ability to export its products to certain customers; AMD products may be subject to security vulnerabilities that could have a material adverse effect on AMD; IT outages, data loss, data breaches and cyber-attacks could compromise AMD’s intellectual property or other sensitive information, be costly to remediate and cause significant damage to its business, reputation and operations; uncertainties involving the ordering and shipment of AMD’s products could materially adversely affect it; AMD’s operating results are subject to quarterly and seasonal sales patterns; the agreements governing AMD’s notes and the Secured Revolving Facility impose restrictions on AMD that may adversely affect its ability to operate its business; the markets in which AMD’s products are sold are highly competitive; the conversion of the 2.125% Convertible Senior Notes due 2026 may dilute the ownership interest of its existing stockholders, or may otherwise depress the price of its common stock; the demand for AMD’s products depends in part on the market conditions in the industries into which they are sold. Fluctuations in demand for AMD’s products or a market decline in any of these industries could have a material adverse effect on its results of operations; AMD’s ability to design and introduce new products in a timely manner is dependent upon third-party intellectual property; AMD depends on third-party companies for the design, manufacture and supply of motherboards, software, memory and other computer platform components to support its business; if AMD loses Microsoft Corporation’s support for its products or other software vendors do not design and develop software to run on AMD’s products, its ability to sell its products could be materially adversely affected; and AMD’s reliance on third-party distributors and AIB partners subjects it to certain risks.  Investors are urged to review in detail the risks and uncertainties in AMD's Securities and Exchange Commission filings, including but not limited to AMD's Quarterly Report on Form 10-Q for the quarter ended March 28, 2020.

"Zen 2” is a codename for AMD architecture, and is not a product name. GD-122

________________________________________________

1 Advanced ' is defined as 7nm process technology and AMD "Zen 2" core as of April 7th, 2020. RZG2-1

2 Based on AMD Labs testing May 2020 using the 3D Mark TimeSpy benchmark to measure the graphics performance of the
Ryzen 7 4700G, Ryzen 5 4600G, and Ryzen 3 4300G desktop processors vs. the Core i7-9700, Core i5-9400, and Core i3-9100 Intel desktop processors. Performance may vary. 3DMark is a registered trademark of Futuremark Corporation. RZG2-2

3 Based on AMD Labs testing May 2020 using the Cinebench R20 nT benchmark to measure the multi-thread performance of the Ryzen 7 4700G, Ryzen 5 4600G, and Ryzen 3 4300G desktop processors vs. the Ryzen 5 3400G, and Ryzen 3 3200G. Performance will vary. RGZ2-3

4  Based on AMD Labs testing in June 2020, comparing the Ryzen 7, 4700G, Ryzen 5 4600G, and Ryzen 3 4300G to the Core i7-9700, Core i5-9500, and Core i3-9100, respectively, using the Cinebench R20 nT and R20 1T to measure CPU performance, and the 3DMark Timespy benchmark to measure GPU performance. Performance may vary. 3DMark is a registered trademark of Futuremark Corporation. RZG2-56

5 Based on AMD Labs testing May 2020 using the Cinebench R20 nT benchmark to measure the multi-thread performance of the Ryzen 7 4700G, Ryzen 5 4600G, and Ryzen 3 4300G desktop processors vs. the Ryzen 5 3400G, and Ryzen 3 3200G. Performance will vary. RZG2-3

6 Based on testing by AMD performance labs on 6.9.20 using the Cinebench R20 1T benchmark. Performance may vary. RZG2-6.

7 Based on testing by AMD performance labs on 6.9.20 using the Cinebench R20 nT benchmark. Performance may vary.  RZG2-6.

8 Based on testing by AMD performance labs on 6.9.20 using the 3DMark Time Spy benchmark test. Performance may vary. 3DMark is a trademark of Futuremark Corporation. RZG2-9.

9 Max boost for AMD Ryzen Processors is the maximum frequency achievable by a single core on the processor running a bursty single-threaded workload. Max boost will vary based on several factors, including, but not limited to: thermal paste; system cooling; motherboard design and BIOS; the latest AMD chipset driver; and the latest OS updates. GD-150

10 As of 4/9/2020. Testing by AMD Labs using the Cinebench R20 nT benchmark to test the multi-threaded performance of the Ryzen 7 Pro 4750G versus the Core i7-9700 vPro. Results may vary. RPD-06

11 As of 5/8/20. Testing by AMD Labs using the Ryzen 7 PRO 4750G vs Intel Core i7-9700 vPro in the Cinebench R20nT benchmark test: Performance per Watt based on Cinebench R20nT points delivered per watt of system power consumption during test. Results may vary. RPD-07

Contact:
Sophia Hong
 AMD Communications
(512) 917-9998
sophia.hong@amd.com

Laura Graves
AMD Investor Relations
(408) 749-5467
Laura.Graves@amd.com


AMD logo black .jpg

Source: Advanced Micro Devices

AMD Promotes Methodology Architect Alex Starr to Corporate Fellow

— Starr achieves highest technical level at AMD —

SANTA CLARA, Calif., July 16, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the appointment of methodology architect Alex Starr to AMD Corporate Fellow. The appointment recognizes Starr for his outstanding technical leadership and contributions pioneering advanced emulation methodologies that have accelerated product validation processes, reduced time to market and improved the overall quality of AMD products.

“Alex played a significant role placing AMD at the forefront of hardware emulation and virtual platform technology,” said Mark Papermaster, chief technology officer and executive vice president of Technology and Engineering at AMD. “The strategies and methodologies developed under his leadership have been adopted across all of AMD and are a defining marker in our company’s culture of innovation. As a result of Alex and the team’s efforts, we have significantly reduced silicon bring-up time and silicon revisions, enabling AMD to consistently bring our leadership products to market faster.” 

Starr, an AMD veteran of nearly 15 years, is an esteemed leader in verification methodologies for CPU and GPU processors and complex SoCs. His deep industry experience and innovations have enabled AMD to continue executing on its technology roadmap and enhancing its competitive position within the industry.

Promotion to AMD Fellow is an honor bestowed to the most accomplished innovators. AMD Corporate Fellows are appointed after a rigorous review process that assesses not only specific technical contributions to the company, but also involvement in the industry at large, mentoring of others and improving the long-term strategic position of the company. Currently, only seven engineers at AMD hold the title of Corporate Fellow.

About AMD
For 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages.

Contact:
Theresa Chavez
AMD Communications
408-749-4112
theresa.chavez@amd.com

Primary Logo

Source: Advanced Micro Devices

AMD to Report Fiscal Second Quarter 2020 Financial Results

SANTA CLARA, Calif., July 15, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) announced today that it will report second quarter 2020 financial results on Tuesday, July 28, 2020 after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties are invited to listen to the webcast of the conference call via AMD’s Investor Relations website ir.amd.com. An archive of the webcast will be available for approximately one year after the conference call.

About AMD

For 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD)
websiteblog, LinkedIn, Facebook and Twitter pages.

AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

Contact
Sarah Youngbauer
AMD Communications
512-602-3028
sarah.youngbauer@amd.com

Laura Graves
AMD Investor Relations
408-749-5467
laura.graves@amd.com

Primary Logo

Source: Advanced Micro Devices

AMD Announce World’s First 64-Core PRO Workstation, the Lenovo™ ThinkStation™ P620, the Pinnacle of Performance for Modern Professionals

– Supercharged with AMD PRO technologies, AMD Ryzen™ Threadripper™ PRO Processors deliver leadership performance, industry leading bandwidth and built-in enterprise grade security and manageability

– AMD Ryzen™ Threadripper™ PRO 3995WX offers up to 27% better multithreaded performance over the competition’s best dual processor workstations1 and leadership performance in over 25 applications and benchmarks2

SANTA CLARA, Calif., July 14, 2020 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced the new AMD Ryzen Threadripper PRO Processor line-up, with up to 64 cores and unrivalled bandwidth3 built with enterprise-grade AMD PRO technologies. Designed for professional workstations from OEMs and system integrators, AMD Ryzen Threadripper PRO Processors uniquely offer full spectrum compute capabilities with unmatched core counts4 for multi-threaded workloads plus high frequency single core performance for lightly threaded workloads. This combination makes AMD Ryzen Threadripper PRO Processors the best choice for artists, architects, engineers and data scientists.

“AMD Ryzen Threadripper PRO Processors are purpose-built to set the new industry standard for professional workstation compute performance,” said Saeid Moshkelani, senior vice president and general manager, AMD Client business unit. “The extreme performance, high core counts and bandwidth of AMD Ryzen Threadripper Processors are now available with AMD PRO technology features including seamless manageability and unique built-in data protection5. Even the most demanding professional environment is addressed with the new AMD Ryzen Threadripper PRO line-up, from artists and creators developing breathtaking visual effects, to architects and engineers working with large datasets and complex visualizations, all brought to life on the most advanced professional workstation platform in the world.6

AMD and Lenovo Partnership
The world’s first 64 core PRO workstation system, powered by the Threadripper™ Pro 3995WX7, will be available from Lenovo this fall with its newest ThinkStation P620, offering unprecedented levels of power, performance and flexibility in a single CPU chassis.

“Our customers need class-leading, innovative solutions to power through the most demanding applications,” said Rob Herman, General Manager, Workstation and Client AI Business Unit, Lenovo. “By leveraging the AMD Threadripper PRO Processors for our newest workstation, the ThinkStation P620, we can offer users the smarter solutions to create complex models, render photorealistic imagery or analyze geophysical and seismic interpretations, while offering crucial security and scalability features to ensure safe and effective operation for our professional users.”

Leadership Performance
Built for the most demanding professional environments, AMD Ryzen Threadripper PRO Processors offer the power to render and edit in 8K, drive complex visualizations and multifaceted simulations and rapidly process vast amounts of code to let professional users do more with their time. With the unmatched performance of the Threadripper™ Pro 3995WX, even when compared with competing dual processor systems, AMD Ryzen Threadripper PRO Processors redefine the workstation landscape8.

Most Advanced Professional Platform
AMD Ryzen Threadripper PRO based workstations offer a new level of connectivity and bandwidth.  

  • The first pro workstation to support PCIe® Gen 4, unlocking the full potential of next-graphics and storage9.
  • 128 PCIe® Gen4 lanes with up to 2.5x the bandwidth compared to a competing dual processor system10
  • Industry-leading memory bandwidth11 with 8 channel ECC RDIMM, LRDIMM and UDIMM DDR4-3200 memory support
  • 2TB memory support – Up to double the capacity vs the competition.12

Built-in Enterprise Grade Security and Manageability
AMD Ryzen Threadripper PRO Processors are equipped with AMD PRO technologies offering a variety of enterprise grade features:

  • AMD PRO security – Layers of built-in security features to help protect sensitive data
  • AMD PRO manageability – Simplified deployment, imaging, and management compatible with user’s current infrastructure 
  • AMD Memory Guard – Full memory encryption to help prevent physical attacks on sensitive data.
  • AMD PRO Business Ready – 18 months of planned software stability and 24 months of planned availability
MODEL CORES/
THREADS
BOOST13/
BASE14
FREQUENCY
(GHZ)
TOTAL
CACHE
(MB)
TDP
(WATTS)
PCIe®
4.0
Lanes
Memory
Support
AMD Ryzen™ Threadripper™ PRO 3995WX 64/128 Up to 4.2 / 2.7 288 280 128 Up to 2TB ECC UDIMM, RDIMM, LRDIMM
AMD Ryzen™ Threadripper™ PRO 3975WX 32/64 Up to 4.2 / 3.5 144 280 128 Up to 2TB ECC UDIMM, RDIMM, LRDIMM
AMD Ryzen™ Threadripper™ PRO 3955WX 16/32 Up to 4.3 / 3.9 72 280 128 Up to 2TB ECC UDIMM, RDIMM, LRDIMM
AMD Ryzen™ Threadripper™ PRO 3945WX 12/24 Up to 4.3 / 4.0 70 280 128 Up to 2TB ECC UDIMM, RDIMM, LRDIMM

Supporting Resources

About AMD
For 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the datacenter. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ:AMD) websiteblogFacebook and Twitter pages. 

Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) including the features, functionality, timing, availability, expectations and benefits of the AMD Ryzen Threadripper PRO Processors and AMD’s partnership with Lenovo, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "intends," "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. Investors are cautioned that the forward-looking statements in this document are based on current beliefs, assumptions and expectations, speak only as of the date of this document and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit AMD’s ability to compete effectively; AMD relies on third parties to manufacture its products, and if they are unable to do so on a timely basis in sufficient quantities and using competitive technologies, AMD’s business could be materially adversely affected; failure to achieve expected manufacturing yields for AMD’s products could negatively impact its financial results; the success of AMD’s business is dependent upon its ability to introduce products on a timely basis with features and performance levels that provide value to its customers while supporting and coinciding with significant industry transitions; if AMD cannot generate sufficient revenue and operating cash flow or obtain external financing, it may face a cash shortfall and be unable to make all of its planned investments in research and development or other strategic investments; the loss of a significant customer may have a material adverse effect on AMD; AMD’s receipt of revenue from its semi-custom SoC products is dependent upon its technology being designed into third-party products and the success of those products; global economic and market uncertainty may adversely impact AMD’s business and operating results; the ongoing novel coronavirus (COVID-19) pandemic could materially adversely affect AMD’s business, financial condition and results of operations; AMD’s worldwide operations are subject to political, legal and economic risks and natural disasters which could have a material adverse effect on AMD; government actions and regulations such as export administration regulations, tariffs and trade protection measures, may limit AMD’s ability to export its products to certain customers; AMD products may be subject to security vulnerabilities that could have a material adverse effect on AMD; IT outages, data loss, data breaches and cyber-attacks could compromise AMD’s intellectual property or other sensitive information, be costly to remediate and cause significant damage to its business, reputation and operations; uncertainties involving the ordering and shipment of AMD’s products could materially adversely affect it; AMD’s operating results are subject to quarterly and seasonal sales patterns; the agreements governing AMD’s notes and the Secured Revolving Facility impose restrictions on AMD that may adversely affect its ability to operate its business; the markets in which AMD’s products are sold are highly competitive; the conversion of the 2.125% Convertible Senior Notes due 2026 may dilute the ownership interest of its existing stockholders, or may otherwise depress the price of its common stock; the demand for AMD’s products depends in part on the market conditions in the industries into which they are sold. Fluctuations in demand for AMD’s products or a market decline in any of these industries could have a material adverse effect on its results of operations; AMD’s ability to design and introduce new products in a timely manner is dependent upon third-party intellectual property; AMD depends on third-party companies for the design, manufacture and supply of motherboards, software, memory and other computer platform components to support its business; if AMD loses Microsoft Corporation’s support for its products or other software vendors do not design and develop software to run on AMD’s products, its ability to sell its products could be materially adversely affected; and AMD’s reliance on third-party distributors and AIB partners subjects it to certain risks.  Investors are urged to review in detail the risks and uncertainties in AMD's Securities and Exchange Commission filings, including but not limited to AMD's Quarterly Report on Form 10-Q for the quarter ended March 28, 2020.

______________________________________

1 Based on AMD performance lab testing on June 8, 2020 using the Cinebench R20 nT benchmark test to compare the multi-thread performance of Ryzen Threadripper PRO 3995WX reference system vs. (2) Intel Xeon Platinum 8280 processors. Results may vary. CPP-15

2 Based on AMD Labs testing as of July 7, 2020 using a variety of CPU-specific benchmark tests to compare a Ryzen Threadripper Pro 3995X reference system to two Intel Xeon Platinum 8280 processors.  Results may vary. SPEC®, and SPECviewperf® are registered trademarks of the Standard Performance Evaluation Corporation. See www.spec.org for more information. CPP-66.

3 Based on AMD internal analysis June 2020 comparing the memory bandwidth specifications of AMD Ryzen™ Threadripper™ Pro to Intel Xeon Platinum 8280. CPP-06

4 The AMD Ryzen™ Threadripper™ PRO 3995WX has up to 64 cores compared to the highest core count Intel Xeon Scalable workstation processor, the 8280 at 28-cores.‎ CPP-03.

5 Full system memory encryption is included with AMD Memory Guard in AMD Ryzen PRO, AMD Ryzen Threadripper Pro, and AMD Athlon PRO processors. PP-3

6 ‘Most advanced’ defined as superior 7nm process technology in a smaller node and unique PCIe® 4.0 capability in the workstation processor market. CPP-77

7 The AMD Ryzen™ Threadripper™ PRO 3995WX has up to 64 cores compared to the highest core count Intel Xeon Scalable workstation processor, the 8280 at 28-cores.‎ CPP-03.

8 Based on AMD performance lab testing on June 8, 2020 using the Cinebench R20 nT benchmark test to compare the multi-thread performance of Ryzen Threadripper PRO 3995WX reference system vs. (2) Intel Xeon Platinum 8280 processors. Results may vary. CPP-14

9 Based on AMD internal analysis June 1, 2020, comparing the PCIe® specifications of AMD Ryzen™ Threadripper™ PRO to Intel Xeon Platinum 8280. CPP-10

10 Based on AMD internal analysis June 1, 2020, comparing the PCIe® specifications of AMD Ryzen™ Threadripper™ PRO to Intel Xeon Platinum 8280. CPP-10

11 Based on AMD internal analysis June 2020 comparing the memory bandwidth specifications of AMD Ryzen™ Threadripper™ Pro to Intel Xeon Platinum 8280. CPP-06

12 Based on AMD internal analysis June 1, 2020, comparing memory capacity specifications of AMD Ryzen™ Threadripper™ PRO to Intel Xeon Platinum 8280. CPP-07

13 Max boost for AMD Ryzen Processors is the maximum frequency achievable by a single core on the processor running a bursty single-threaded workload. Max boost will vary based on several factors, including, but not limited to: thermal paste; system cooling; motherboard design and BIOS; the latest AMD chipset driver; and the latest OS updates. GD-150

14 Base frequency is the approximate processor clock speed of a typical workload running at the processor’s standard TDP. GD-166.

Contact:
Sophia Hong
AMD Communications
(512) 917-9998
sophia.hong@amd.com

Laura Graves
AMD Investor Relations
(408) 749-5467
Laura.Graves@amd.com


AMD logo black .jpg

Source: Advanced Micro Devices