Semiconductor manufacturer's$Advanced Micro Devices (AMD.US)$23Q2 financial results were announced 1 day after closing. It was clarified that it is expanding into artificial intelligence (AI) computing.
●Sales volume:53.6billion dollars (market forecast 5.32 billion dollars), compared to the same period last year18%minus ● Adjusted EPS:0.58Dollar (market forecast $0.57), year over year45%minus ● Adjusted operating margin: from 30% in the same period last year20%Decreased to (market forecast 19.5%) ● Sales of the Data Center Division:13.2100 million dollars (market forecast 1.4 billion dollars), compared to the same period last year11%minus ● Sales volume of the client division (PC business):9.98100 million dollars (market forecast: 840 million dollars), compared to the same period last year54%minus ● Sales in the gaming division:15.8100 million dollars (market forecast 1.6 billion dollars), compared to the same period last year4%minus ●Q3 sales forecast:54-60100 million dollars, the median value is lower than the consensus forecast of 5.8 billion dollars
Chief Financial Officer Gene Fu (CFO) said, “Driven by increased demand for EPYC and Ryzen, the third quarterData centers and clients are expected to achieve double-digit growth rates compared to the previous quarter” he said.
CEO Lisa Hsu said, “As multiple customers have initiated or expanded plans to support future large-scale deployments of AMD Instinct Accelerators,AMD's AI initiatives expanded more than seven times during the quarterIt stated, “We have made remarkable progress in both hardware and software,The MI300 accelerator will be launched in the fourth quarterAlso, it was clarified that “production volume is planned to be expanded.”
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