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AMD Quarterly Results Report Q2 FY 2019



AMD Quarterly Income Statement Q2 FY 2019

AMD announced revenue for the second quarter of fiscal year 2019, and the company's revenue was $ 1.53 billion for the quarter. This is down 13% from the same quarter last year. Gross margin improved from 37% to 41% the previous year. Operating revenue was $ 59 million, down from $ 153 million a year ago, and net income was down $ 81 million to $ 35 million. This resulted in earnings per share of $ 0.03.

AMD Q2 Q2 2019 Financial Results (GAAP)
Q2 & # 39; 201
9
Q1 & # 39; 2019 Q2 & # 39; 2018
Revenue $ 1531 M $ 1272M $ 1756M
Gross Margin 41% 41% 37%
Operating Income $ 59M $ 38M 153 M $
Net Income $ 35 M $ 16 M $ 116 M
Earnings Per Share $ 0.03 $ 0.01 $ 0.12

Although AMD was in black for another quarter, this is certainly a dip that AMD does not expect to last. Their Q3 2019 forecast is up 9% year-over-year revenue to $ 1.8 billion, and they have recently launched new products to help them reach those goals.

AMD Q2 2019 Computing and Graphics
[19659005] Q2 & # 39; 2019 Q1 & # 39; 2019 Q2 & # 39; 2018
Revenue $ 940M $ 831M $ 1086M
Operating Revenue $ 22M $ 1686 $ 1686 M $ 117M

Looking back at Q2, however, Computing and Graphics revenue was down 13% to $ 940 million , and AMD attributes this fall to lower graphics channel sales. This drop was somewhat offset by higher client CPU and data center GPU sales. Also good for AMD and its investors is that their average sales price for customer processors has increased thanks to more Ryzen sales, and GPU's average sales price has also increased thanks to the data center's GPU sales. The Computing and Graphics segment had operating revenues of $ 22 million for the quarter, compared to $ 117 million a year ago.

AMD Q2 2019 Enterprise, Embedded and Semi-Custom
Q2 & # 39; 2019 Q1 & # 39; 2019 Q2 & # 39; 2018
Revenue $ 591M $ 441M $ 670M
Operating Revenue $ 89M $ 68M $ 69M

AMD's other major segment is Enterprise, Embedded and Semi-Custom, and this product group also saw revenues fall 12 % to $ 591 million for the quarter. AMD attributes this fall to lower semi-customized product revenue, which you can more or less read as console sales, and it makes sense since the current generation consoles are nearing the end of their lives, but both Microsoft and Sony have committed to AMD platforms for next generation console, so expect this segment's assets to improve soon. Operating revenues were $ 89 million for this group, up from $ 69 million last year. The higher revenue is due to higher sales of EPYC processors, which is also a good sign for this segment.

Although revenue for the quarter certainly had a dip, AMD only launched its last third generation Ryzen this month, which would not be reported in Q2 revenue ending June 29. As we saw in our review, this is a great step forward for AMD's processor design, and they also launched their Navi-based GPUs in July, so it makes sense to take a dip before a major product launch. We will keep an eye on their results for Q3, but as previously mentioned, they expect this to be a short-term decline, and with their new product layout, it seems like a safe bet.

Source: AMD Investor Relations


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