AMD today announced financial results for the first quarter of 2025. First quarter revenue was $7.4 billion, gross margin was 50%, operating income was $806 million, net income was $709 million and diluted earnings per share was $0.44. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share was $0.96.

"We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data center and AI momentum," said Dr. Lisa Su, AMD chair and CEO. "Despite the dynamic macro and regulatory environment, our first quarter results and second quarter outlook highlight the strength of our differentiated product portfolio and consistent execution positioning us well for strong growth in 2025."

Around the middle of March, GMKtec's EVO-X2 Mini PC design attracted international media attention—thanks to Dr. Lisa Su's autograph adorning a special presentation sample. During festivities, this relatively young Chinese brand—founded back in 2019—introduced the "world's first" AI mini PC equipped with AMD's Ryzen AI Max+ 395 APU. This flagship "Strix Halo" chip leverages Zen 5 and RDNA 3.5 technologies; the latter aspect forms the basis of an impressively potent Radeon 8060S iGPU. This integrated graphics solution has surpassed or matched some worthy (previous-gen) discrete competitors, and apparently performs admirably in LLM inference workload scenarios. At the tail end of March, GMKtec opened up pre-orders for its $2000+ headline product—starting off in China. Back then, potential international buyers were intrigued—many envisioned a pleasing wider distribution of EVO-X2 Mini PC retail stock. Given that GMKtec had semi-recently expanded its sales operation into Europe, hopes were elevated.

As reported by TechRadar last week, Eurozone tech enthusiast prayers were answered—their coverage outlined an intriguing pre-order campaign: "buyers can unlock a reduced pre-sale price of €1,499 for the base model by paying a $100 deposit. Those who want the higher configuration need to place a €200 deposit to qualify for a discounted €1,799 final price. All orders must be completed by May 7 to receive the full discount." Days later, VideoCardz and Notebookcheck noted a similar promotion—rolled out for North American audiences. Officially, the EVO-X2 Mini PC is (tentatively) set to launch on May 20—well ahead of Framework's projected "early Q3 2025" debut shipment of "tiny 4.5L Mini-ITX" Desktop units. Time limited promo prices are in effect until next week—the 64 GB and 128 GB RAM EVO-X2 package are currently discounted: $1399 and $1799 (respectively). As expected, GMKtec's official US webshop also requires pre-order deposits—refer to these details below.

In a recent interview with ASUS China Manager Tony Yu on Bilibili, AMD CEO Dr. Lisa Su revealed that the company's latest RDNA 4-based Radeon RX 9070 XT GPU has achieved remarkable success, with first-week sales surpassing previous generations by tenfold. "I'm very proud of the team on RDNA 4," said Dr. Su, adding, "When we design a new architecture, we plan its core features years in advance. For RDNA 4, our goal was to deliver top-tier gaming performance at an accessible price, allowing more gamers to experience this technology. The 9070 XT has been a fantastic success—it's the No. 1 selling AMD Radeon GPU in its first week, with sales 10 times higher than past generations."

While rumors suggested AMD sold 200,000 Radeon RX 9000 GPUs at launch, the company clarified that this figure was never shared, basically dismantling the rumor. When (and if) we get the official concrete sales numbers, it will show just how much of a significant milestone has been achieved by Team Red. Notably, in some specific markets like Japan, AMD has captured nearly 50% of the market share with the RX 9070 series—a first for the company. Dr. Su confirmed that AMD is ramping up production to meet surging demand. "We are very excited and increasing manufacturing to ensure more gamers can access our GPUs," she said. This move is expected to stabilize supply and pricing. Additionally, AMD hinted at more RDNA 4 releases, likely including the Radeon RX 9060 series, which will come in 16 GB and 8 GB variants later this year. With competitive pricing and strong performance, AMD's latest GPUs are well-received by the gaming community despite no high-end competition for NVIDIA's top SKUs.

GMKtec has launched the EVO-X2 mini PC, personally autographed by AMD CEO Dr. Lisa Su. As the world's first AI mini PC equipped with the AMD Ryzen AI Max+ 395 processor, it delivers exceptional performance. This processor features 16 cores and 32 threads, with a maximum frequency of 5.1 GHz and 80 MB cache, ensuring rapid data processing. The integrated Radeon 8060S iGPU excels in graphics handling, while the XDNA2 architecture NPU offers 50 TOPS of AI computing power, significantly outperforming competitors. In AI inference tasks involving 70-billion-parameter local models, it even surpasses the NV 5090D.

GMKtec EVO-X2: A New Era in AI Mini PCs
GMKtec has officially unveiled the EVO-X2, a groundbreaking mini PC that marks a significant milestone in AI computing. This compact device is the world's first to feature the AMD Ryzen AI Max+ 395 processor, a testament to GMKtec's commitment to innovation and performance.

AMD today announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. On a non-GAAP basis, gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion and diluted earnings per share was $0.92.

"We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors," said AMD Chair and CEO Dr. Lisa Su. "Looking forward, we see significant growth opportunities across our data center, client and embedded businesses driven by the insatiable demand for more compute."

Today, AMD announced "Advancing AI 2024," an in-person and livestreamed event on October 10, 2024 to showcase the next-generation AMD Instinct accelerators and 5th Gen AMD EPYC server processors, as well as Networking and AI PC updates, in addition to highlighting the Company's growing AI solutions ecosystem. AMD executives and AI ecosystems partners, customers and developers will join Chair and CEO Dr. Lisa Su to discuss how AMD products and software are reshaping the AI and high-performance computing landscape. The live stream will start at 9:00 a.m. PT/12:00 p.m. ET on Thursday, October 10

AMD today announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure for the world's largest hyperscale computing companies. The strategic transaction marks the next major step in AMD's AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems. ZT Systems' extensive experience designing and optimizing cloud computing solutions will also help cloud and enterprise customers significantly accelerate the deployment of AMD-powered AI infrastructure at scale. AMD has agreed to acquire ZT Systems in a cash and stock transaction valued at $4.9 billion, inclusive of a contingent payment of up to $400 million based on certain post-closing milestones. AMD expects the transaction to be accretive on a non-GAAP basis by the end of 2025.

"Our acquisition of ZT Systems is the next major step in our long-term AI strategy to deliver leadership training and inferencing solutions that can be rapidly deployed at scale across cloud and enterprise customers," said AMD Chair and CEO Dr. Lisa Su. "ZT adds world-class systems design and rack-scale solutions expertise that will significantly strengthen our data center AI systems and customer enablement capabilities. This acquisition also builds on the investments we have made to accelerate our AI hardware and software roadmaps. Combining our high-performance Instinct AI accelerator, EPYC CPU, and networking product portfolios with ZT Systems' industry-leading data center systems expertise will enable AMD to deliver end-to-end data center AI infrastructure at scale with our ecosystem of OEM and ODM partners."

AMD on Monday said that its 2024 Computex Keynote address slated for June 3, will see a slew of next-generation product announcements. "Join us as Dr. Lisa Su delivers the Computex 2024 opening keynote and shares the latest on how AMD and our partners are pushing the envelope with our next generation of high-performance PC, data center and AI solutions," the brief release said.

AMD is widely expected to unveil its next-generation Ryzen 9000 "Strix Point" mobile processors for AI PCs capable of powering the recently announced Microsoft Copilot+, its next-generation Ryzen 9000 "Granite Ridge" desktop processors, its 5th Generation EPYC "Turin" server processors, and possibly even its next-generation Radeon RX RDNA 4 generation. At the heart of all its processor announcements is the new "Zen 5" CPU microarchitecture that's expected to introduce an over 10% IPC improvement with significant improvements in AVX512 performance over "Zen 4," which should benefit certain kinds of AI workloads.

COMPUTEX 2024, a global leading technology exhibition, featuring AIoT applications, generative AI & and startup ecosystems, will take place from June 4th to 7th at the Taipei Nangang Exhibition Center Halls 1 and 2. Themed "Connecting AI," this year's exhibition focuses on the latest global AI technologies and industry trends. The show will attract 1,500 international and local exhibitors using 4,500 booths. The Opening Keynote will be delivered by Dr. Lisa Su, Chair and CEO of AMD, on the morning of June 3rd to set the stage for the event.

COMPUTEX 2024: Global Tech Giants Unite, Paving the Way for the Era of the AI Ecosystem
2024 is acclaimed as the AI PC era, with the development of artificial intelligence propelling products like AI PCs, AI servers, and AI smartphones to thrive in the market. This year's COMPUTEX covers six major themes: AI computing, Advanced Connectivity, Future Mobility, Immersive Reality, Sustainability, and Innovations. Collaborating with international technology powerhouses, including Acer, ASRock, ASUS, Delta, Gigabyte, G.Skill, Intel, MSI, Pro Gamersware, and more, shapes the AI ecosystem. Moreover, the InnoVEX exhibit for startups will connect innovative teams from around the globe, sparking cross-industry collaboration and revitalizing AI technology with fresh energy.

The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries (Nasdaq: GFS) (GF) as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.

New York-headquartered GF, celebrating its 15th year of operations, is the only U.S.-based pure play foundry with a global manufacturing footprint including facilities in the U.S., Europe, and Singapore. GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security. The proposed funding will support three GF projects:

AMD today announced revenue for the fourth quarter of 2023 of $6.2 billion, gross margin of 47%, operating income of $342 million, net income of $667 million and diluted earnings per share of $0.41. On a non-GAAP basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For the full year 2023, the company reported revenue of $22.7 billion, gross margin of 46%, operating income of $401 million, net income of $854 million and diluted earnings per share of $0.53. On a non-GAAP(*) basis, gross margin was 50%, operating income was $4.9 billion, net income was $4.3 billion and diluted earnings per share was $2.65.

"We finished 2023 strong, with sequential and year-over-year revenue and earnings growth driven by record quarterly AMD Instinct GPU and EPYC CPU sales and higher AMD Ryzen processor sales," said AMD Chair and CEO Dr. Lisa Su. "Demand for our high-performance data center product portfolio continues to accelerate, positioning us well to deliver strong annual growth in what is an incredibly exciting time as AI re-shapes virtually every part of the computing market."

AMD today announced that Ava Hahn has joined the company as senior vice president, general counsel and corporate secretary, replacing Harry Wolin who is retiring from AMD after 24 years.

"I want to thank Harry for the role he has played leading our legal, government relations and public affairs teams during a period of significant growth and transformation," said AMD Chair and CEO Dr. Lisa Su. "I am excited to welcome Ava to AMD. Her extensive experience leading legal functions for multiple technology companies will be an invaluable asset as we enter our next phase of growth."

Hahn joins from Lam Research, where she was chief legal officer with responsibility for global legal and governmental affairs. Prior to Lam, she led the legal functions at CA Technologies and Aruba Networks and served as general counsel for multiple technology and VC firms including Kleiner Perkins. She earned a J.D. from Columbia Law School and a B.A. in history from the University of California, Berkeley.

Today at the "Advancing AI" event, AMD was joined by industry leaders including Microsoft, Meta, Oracle, Dell Technologies, HPE, Lenovo, Supermicro, Arista, Broadcom and Cisco to showcase how these companies are working with AMD to deliver advanced AI solutions spanning from cloud to enterprise and PCs. AMD launched multiple new products at the event, including the AMD Instinct MI300 Series data center AI accelerators, ROCm 6 open software stack with significant optimizations and new features supporting Large Language Models (LLMs) and Ryzen 8040 Series processors with Ryzen AI.

"AI is the future of computing and AMD is uniquely positioned to power the end-to-end infrastructure that will define this AI era, from massive cloud installations to enterprise clusters and AI-enabled intelligent embedded devices and PCs," said AMD Chair and CEO Dr. Lisa Su. "We are seeing very strong demand for our new Instinct MI300 GPUs, which are the highest-performance accelerators in the world for generative AI. We are also building significant momentum for our data center AI solutions with the largest cloud companies, the industry's top server providers, and the most innovative AI startups ꟷ who we are working closely with to rapidly bring Instinct MI300 solutions to market that will dramatically accelerate the pace of innovation across the entire AI ecosystem."

AMD in its post Q3-2023 financial results call stated that it expects the Instinct MI300X accelerator to be the fastest product in AMD history to rake in $1 billion in sales. This would be the time it took for a product in its lifecycle to register $1 billion in sales. With the MI300 series, the company hopes to finally break into the AI-driven HPC accelerator market that's dominated by NVIDIA, and at scale. This growth is attributable to two distinct factors. The first of which is that NVIDIA is supply bottlenecked, and customers and looking for alternatives, and finally found a suitable one with the MI300 series; and the second is that with the MI300 series, AMD has finally ironed out the software ecosystem backing the hardware that looks incredible on paper.

It's also worth noting here, that AMD is rumored to be sacrificing its market presence in the enthusiast-class gaming GPU segment with its next-generation, with the goal of maximizing its foundry allocation for HPC accelerators such as the MI300X. HPC accelerators are a significantly higher margin class of products than gaming GPUs such as the Radeon RX 7900 XTX. The RX 7900 XTX and its refresh under the RX 7950 series, are not expected to have a successor in the RDNA4 generation. "We now expect datacenter GPU revenue to be approximately $400 million in the fourth quarter and exceed $2 billion in 2024 as revenue ramps throughout the year," said Dr. Lisa Su, CEO AMD, at the company's earnings call with analysts and investors. "This growth would make MI300 the fastest product to ramp to $1 billion in sales in AMD history."

AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2023 of $5.8 billion, gross margin of 47%, operating income of $224 million, net income of $299 million and diluted earnings per share of $0.18. On a non-GAAP basis, gross margin was 51%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.70.

"We delivered strong revenue and earnings growth driven by demand for our Ryzen 7000 series PC processors and record server processor sales," said AMD Chair and CEO Dr. Lisa Su. "Our data center business is on a significant growth trajectory based on the strength of our EPYC CPU portfolio and the ramp of Instinct MI300 accelerator shipments to support multiple deployments with hyperscale, enterprise and AI customers."

AMD today announced revenue for the second quarter of 2023 of $5.4 billion, gross margin of 46%, operating loss of $20 million, net income of $27 million and diluted earnings per share of $0.02. On a non-GAAP basis, gross margin was 50%, operating income was $1.1 billion, net income was $948 million and diluted earnings per share was $0.58.

"We delivered strong results in the second quarter as 4th Gen EPYC and Ryzen 7000 processors ramped significantly," said AMD Chair and CEO Dr. Lisa Su. "Our AI engagements increased by more than seven times in the quarter as multiple customers initiated or expanded programs supporting future deployments of Instinct accelerators at scale. We made strong progress meeting key hardware and software milestones to address the growing customer pull for our data center AI solutions and are on-track to launch and ramp production of MI300 accelerators in the fourth quarter."

AMD today announced that Executive Vice President and Chief Sales Officer Darren Grasby will transition into a new role as executive vice president, strategic partnerships and that Phil Guido has joined the company as executive vice president and chief commercial officer. Guido will be responsible for leading the AMD worldwide sales organization with a focus on further accelerating adoption of the company's leadership products with commercial and data center customers.

"I am excited to welcome Phil to our leadership team as we take the next steps in our journey to make AMD the commercial and data center compute partner of choice," said AMD Chair and CEO, Dr. Lisa Su. "Phil brings extensive enterprise and sales experience that will be incredibly valuable as we focus on deepening our enterprise partnerships and accelerating our growth in the data center, embedded and commercial markets. I also want to thank Darren for his transformational leadership as chief sales officer over the last eight years, and I look forward to leveraging his significant industry experience to lead strategic partnerships in his new role."

Today, at the "Data Center and AI Technology Premiere," AMD announced the products, strategy and ecosystem partners that will shape the future of computing, highlighting the next phase of data center innovation. AMD was joined on stage with executives from Amazon Web Services (AWS), Citadel, Hugging Face, Meta, Microsoft Azure and PyTorch to showcase the technological partnerships with industry leaders to bring the next generation of high performance CPU and AI accelerator solutions to market.

"Today, we took another significant step forward in our data center strategy as we expanded our 4th Gen EPYC processor family with new leadership solutions for cloud and technical computing workloads and announced new public instances and internal deployments with the largest cloud providers," said AMD Chair and CEO Dr. Lisa Su. "AI is the defining technology shaping the next generation of computing and the largest strategic growth opportunity for AMD. We are laser focused on accelerating the deployment of AMD AI platforms at scale in the data center, led by the launch of our Instinct MI300 accelerators planned for later this year and the growing ecosystem of enterprise-ready AI software optimized for our hardware."

Today, AMD (NASDAQ: AMD) announced the "AMD Data Center and AI Technology Premiere," an in-person and livestreamed event to showcase the company's growth strategy and expanding product portfolio and capabilities for data center and AI. AMD Chair and CEO Dr. Lisa Su will be joined by other AMD executives and key customers to detail new products, and momentum across data center, AI, adaptive and high-performance computing solutions.

The live stream will start at 10 a.m. PT on Tuesday, June 13 at www.amd.com/datacenter as well as the AMD YouTube channel.

Barron's Magazine has been on a technology industry kick this week and published their interview with AMD CEO Dr. Lisa Su on May 3. The interviewer asks Su about her views on Moore's Law and it becomes apparent that she remains a believer of Gordon Moore's (more than half-century old) prediction - Moore, an Intel co-founder passed away in late March. Su explains that her company's engineers will need to innovate in order to carry on with that legacy: "I would certainly say I don't think Moore's Law is dead. I think Moore's Law has slowed down. We have to do different things to continue to get that performance and that energy efficiency. We've done chiplets - that's been one big step. We've now done 3-D packaging. We think there are a number of other innovations, as well." Expertise in other areas is also key in hitting technological goals: "Software and algorithms are also quite important. I think you need all of these pieces for us to continue this performance trajectory that we've all been on."

When asked about the challenges involved in advancing CPU designs within limitations, Su responds with: "Yes. The transistor costs and the amount of improvement you're getting from density and overall energy reduction is less from each generation. But we're still moving (forward) generation to generation. We're doing plenty of work in 3 nanometer today, and we're looking beyond that to 2 nm as well. But we'll continue to use chiplets and these type of constructions to try to get around some of the Moore's Law challenges." AMD and Intel continue to hold firm with Moore's Law, even though slightly younger upstarts disagree (see NVIDIA). Dr. Lisa Su's latest thoughts stay consistent with her colleague's past statements - AMD CTO Mark Papermaster reckoned that the theory is pertinent for another six to eight years, although it could be a costly endeavor for AMD - the company believes that it cannot double transistor density every 18 to 24 months without incurring extra expenses.