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AMD Reports Third Quarter 2019 Financial Results

AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2019 of $1.80 billion, operating income of $186 million, net income of $120 million and diluted earnings per share of $0.11. On a non-GAAP(*) basis, operating income was $240 million, net income was $219 million and diluted earnings per share was $0.18.

"Our first full quarter of 7 nm Ryzen, Radeon and EPYC processor sales drove our highest quarterly revenue since 2005, our highest quarterly gross margin since 2012 and a significant increase in net income year-over-year," said Dr. Lisa Su, AMD president and CEO. "I am extremely pleased with our progress as we have the strongest product portfolio in our history, significant customer momentum and a leadership product roadmap for 2020 and beyond."

Microsoft Unveils First Intel "Lakefield" Device and Surface Lineup with 10th Gen Core

Today, at a launch event in New York City, Microsoft previewed the Surface Neo, a category-defining device co-engineered with Intel. The dual-screen device will be powered by Intel's unique processor, code-named "Lakefield," that features an industry-first architecture combining a hybrid CPU with Intel's Foveros 3D packaging technology. It offers device-makers more flexibility to innovate on design, form factor and experience.

"The innovation we've achieved with Lakefield gives our industry partners the ability to deliver on new experiences, and Microsoft's Neo is trailblazing a new category of devices. Intel is committed to pushing the boundaries of computing by delivering key technology innovations for partners across the ecosystem," said Gregory Bryant, Intel executive vice president and general manager of the Client Computing Group.

AMD and Microsoft Announce New 15 Inch Thin and Light Microsoft Surface Laptop 3

Today, AMD and Microsoft announced the first-ever 15-inch Microsoft Surface Laptop powered by new AMD Ryzen Microsoft Surface Edition processors. A significant, multi-year co-engineering program between AMD and Microsoft at the silicon, platform, and software levels created this 15" Microsoft Surface Laptop 3 with a perfect balance of performance, battery life, and sleek and lightweight design. Combining world-class compute and graphics performance with a fully optimized, rearchitected system software stack including AMD Radeon FreeSync display technology, Microsoft Surface Laptop 3 is designed for creative professionals, students, gamers on the go, and business users who value the large screen experience alongside portability. The custom AMD Ryzen Microsoft Surface Edition processors and optimized software highlight the latest example in the multi-year collaboration between AMD and Microsoft, first established more than a decade ago for the Microsoft Xbox and now spanning from Azure to Surface to xCloud and Project Scarlett.
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