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Add earnings call transcript for AMD Q1 2020 (#2)
Browse files- Add earnings call transcript for AMD Q1 2020 (60fe92f6ae335879830e74cd6660c4293aaddf86)
AMD_Q1_2020_earnings_call_data_keywords.csv
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| 1 |
+
Text,Name,Company,Position,Year,Month,Date,Ticker,Section,Quarter,Participant_Type,File_Name,Sentence_id,QA_Flag
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| 2 |
+
And I hope everyone at AMD is doing well considering the interesting times there have been.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15346,Question
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| 3 |
+
"Lisa, I wanted to start with a couple of questions on the server business.",Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15347,Question
|
| 4 |
+
"I guess, one of which is, how do you -- the EESC results in the quarter that you just printed were a bit below, at least where I had modeled them.",Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15348,Question
|
| 5 |
+
So maybe you could talk a bit about how you feel the EPYC business is tracking toward that sort of 10% target you guys had set for the second quarter.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15349,Question
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| 6 |
+
"And I notice in Devinder's comments on the June quarter guidance, most -- some of the upside is going to be driven -- I guess, upside sequentially is going to be driven by EPYC.",Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15350,Question
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| 7 |
+
So how are you tracking against that?,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15351,Question
|
| 8 |
+
"And then the last little piece is, I keep getting more and more questions still about the timing of Milan.",Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15352,Question
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| 9 |
+
And I know you guys reiterated that would be this year at the Analyst Day.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15353,Question
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| 10 |
+
"And if that's still the case, just let us know.",Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15354,Question
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| 11 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15355,Answer
|
| 12 |
+
"Absolutely, Matt.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15356,Answer
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| 13 |
+
"Thank you, and I appreciate the question.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15357,Answer
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| 14 |
+
"So look, we are very pleased with the progress in our server business.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15358,Answer
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| 15 |
+
"I think if you look at sort of the progress we've made, there were a number of key things that we wanted to see happen.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15359,Answer
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| 16 |
+
"What we saw in the quarter that we just finished, in the first quarter, we actually saw a very nice acceleration of the cloud business as we went through the quarter.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15360,Answer
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| 17 |
+
"I think as we go into the second quarter, there's an additional significant ramp of the server business.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15361,Answer
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| 18 |
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And so we expect to continue to gain share as we go through these next couple of quarters.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15362,Answer
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| 19 |
+
"I think what we're seeing from the current COVID-19 environment, obviously, there's a lot of puts and takes.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15363,Answer
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| 20 |
+
"But as it relates to data center, it's positive for the data center market.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15364,Answer
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| 21 |
+
"Certainly, we've seen some of our largest customers ask us to accelerate some of our deployments.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15365,Answer
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| 22 |
+
And we look forward to continuing to ramp our server business.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15366,Answer
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| 23 |
+
"I think you asked about Milan, and yes, we are expecting to be launching that at the end of this year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15367,Answer
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| 24 |
+
Got it.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15368,Question
|
| 25 |
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Just wanted to switch quickly into the PC business.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15369,Question
|
| 26 |
+
One of the things that stood out to me from your commentary in the prepared script was the contrast between strength in the PC business globally versus the weakness in China.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15370,Question
|
| 27 |
+
I imagine that weakness in China was both on the PC side and on the AIB graphics business.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15371,Question
|
| 28 |
+
If there's any way that you help quantify that?,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15372,Question
|
| 29 |
+
And we've heard some commentary about the economy restarting in China.,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15373,Question
|
| 30 |
+
Have you seen some of those trends start to improve into the second quarter?,Matthew D. Ramsay,"Cowen and Company, LLC, Research Division",MD & Senior Technology Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15374,Question
|
| 31 |
+
Sure.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15375,Answer
|
| 32 |
+
So the PC business has actually held up pretty well.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15376,Answer
|
| 33 |
+
"So if we look at the PC business in the first quarter, we saw the rest of the world PC business actually get some benefit from some of the acceleration in demand sort of towards the end of the quarter.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15377,Answer
|
| 34 |
+
We did see some weakness in China as China was shut down in the months of February and early March.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15378,Answer
|
| 35 |
+
"We saw that primarily in the channel business, so in offline channels.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15379,Answer
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| 36 |
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Now we have seen that pick up as we've gone through the month of April.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15380,Answer
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| 37 |
+
And what we're seeing in general in the PC business is the first quarter and the second quarter is actually relatively strong with accelerated notebook demand and desktops sequentially lower just based on sort of the preference around notebook versus desktop in this framework.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15381,Answer
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| 38 |
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So those are the key dynamics for the PC business.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15382,Answer
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| 39 |
+
(Operator Instructions),Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15383,Question
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| 40 |
+
Our next question is coming from Joe Moore from Morgan Stanley.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15384,Question
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| 41 |
+
You guys are one of the few companies kind of giving a full year guidance.,Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15385,Question
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| 42 |
+
And I just wonder if you could talk us through how you're thinking about the second half?,Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15386,Question
|
| 43 |
+
"Obviously, you guys have OEM visibility into a bunch of new sockets and new designs, but your customers don't seem to have visibility.",Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15387,Question
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| 44 |
+
So just a little bit more color maybe on how you are thinking about forecasting beyond the visibility that you have in Q2?,Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15388,Question
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| 45 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15389,Answer
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| 46 |
+
"Sure, Joe.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15390,Answer
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| 47 |
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"So look, we understand that there's a lot of questions about visibility as we go into the second half of the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15391,Answer
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| 48 |
+
"The way we look at our business is, we have sort of a lot of positives in terms of just market drivers that we do have good visibility too.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15392,Answer
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| 49 |
+
I think our progress in the data center market is a positive.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15393,Answer
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| 50 |
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We see that with a number of platforms ramping and the number of customers that we have coming on board.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15394,Answer
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| 51 |
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So we see that as a positive for us as we go through this year.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15395,Answer
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| 52 |
+
Console gaming is a positive for us.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15396,Answer
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| 53 |
+
There's lots of anticipation around the consoles.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15397,Answer
|
| 54 |
+
"It's one of the largest launches, I think, of the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15398,Answer
|
| 55 |
+
"And from that standpoint, there's no change in our view as it relates to COVID-19, just given what we see today.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15399,Answer
|
| 56 |
+
"Now as you look at the range, we have increased the range of our guide.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15400,Answer
|
| 57 |
+
And sort of the biggest sort of question mark in my mind is kind of the shape of the PC market this year.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15401,Answer
|
| 58 |
+
"As I mentioned earlier, the first half actually looks a little bit stronger than expected, particularly on the notebook side.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15402,Answer
|
| 59 |
+
We are potentially expecting some weakness in the second half due to consumer spending.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15403,Answer
|
| 60 |
+
You sort of have the 2 -- the 2 forces are there.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15404,Answer
|
| 61 |
+
"I mean, one is, there is a pull with the strong work-from-home trends, but then there's also the view that, from a macro standpoint, will be weaker in the second half of the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15405,Answer
|
| 62 |
+
So that's -- the primary variance in our model is what happens to the PC market.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15406,Answer
|
| 63 |
+
"I will say, though, that underneath the market trends, we're very pleased with our portfolio.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15407,Answer
|
| 64 |
+
"I mean, the notebook portfolio that we have in PCs is the strongest we've ever had.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15408,Answer
|
| 65 |
+
"And we believe we have a good opportunity to gain share throughout the year, even as the market may be a little bit weaker than originally expected.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15409,Answer
|
| 66 |
+
So that's the reason for the guidance to try to give the puts and takes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15410,Answer
|
| 67 |
+
"And of course, we'll see how the year plays out.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15411,Answer
|
| 68 |
+
That's helpful.,Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15412,Question
|
| 69 |
+
"And then in terms of data center GPU, I know you talked a lot about the Analyst Day about the newer products and penetration of new workloads in the second half.",Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15413,Question
|
| 70 |
+
"Can you talk about the workloads that you've been addressing so far, cloud gaming and whatnot?",Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15414,Question
|
| 71 |
+
And how is that business progressing before we get to the CDNA launch?,Joseph Lawrence Moore,"Morgan Stanley, Research Division",Executive Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15415,Question
|
| 72 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15416,Answer
|
| 73 |
+
So the data center GPU business is an important strategic business.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15417,Answer
|
| 74 |
+
"In terms of size, it's still relatively small compared to the data center CPU business.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15418,Answer
|
| 75 |
+
"We are making progress, good overall progress in a number of workloads.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15419,Answer
|
| 76 |
+
"Cloud gaming is one that has been a good one for us, and we continue to see opportunity in that as we go through this year, with the current product set.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15420,Answer
|
| 77 |
+
"We also just launched the VDI instance with Microsoft Azure, which we feel will be a good workload for us.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15421,Answer
|
| 78 |
+
"And then we have a number of the HPC wins that we've talked about that are going to be based on the CDNA architecture, which is an important strategic area for us as well as continued focus on improving our machine learning and overall machine learning frameworks and capabilities.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15422,Answer
|
| 79 |
+
So those are the key workloads that we're going after.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15423,Answer
|
| 80 |
+
And I do think it's an important business for us as we go forward.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15424,Answer
|
| 81 |
+
The next question is coming from Vivek Arya from Bank of America Securities.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15425,Question
|
| 82 |
+
"Lisa, for my first one, I just wanted to go back to your EPYC server business.",Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15426,Question
|
| 83 |
+
"So very strong units in Q1, but it appears that the mix was very kind of cloud-heavy.",Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15427,Question
|
| 84 |
+
So perhaps ASPs were lower than we are used to seeing.,Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15428,Question
|
| 85 |
+
I was wondering if you could just give us some sense of how we should think about server ASPs going forward.,Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15429,Question
|
| 86 |
+
"And importantly, if you think of server sales for you for this year versus what you thought 90 days ago, how is that looking like?",Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15430,Question
|
| 87 |
+
Because I think your competitors said that they expected some kind of digestion of cloud capacity in the back half.,Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15431,Question
|
| 88 |
+
So I was just hoping to get some more color around ASP and just what you thought of your overall server business for this year?,Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15432,Question
|
| 89 |
+
"Sure, Vivek.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15433,Answer
|
| 90 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15434,Answer
|
| 91 |
+
So that is correct.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15435,Answer
|
| 92 |
+
"There was a mix shift towards cloud in the first quarter, and that did have an impact with ASPs lower.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15436,Answer
|
| 93 |
+
"That being the case, the ASPs are very healthy.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15437,Answer
|
| 94 |
+
"So I think from the standpoint of how our business evolves, it's within the plus or minus of the business model.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15438,Answer
|
| 95 |
+
"In terms of where we believe demand will be versus 90 days ago, it's pretty similar.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15439,Answer
|
| 96 |
+
"And the way I would say it is, we see cloud being strong.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15440,Answer
|
| 97 |
+
"What we see is not just putting on more capacity, but really the ramping of new platforms.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15441,Answer
|
| 98 |
+
And so we view that as a positive.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15442,Answer
|
| 99 |
+
We have strong enterprise adoption as well.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15443,Answer
|
| 100 |
+
"When we look at our pipeline in enterprise, it's continued to grow, and continued to grow in the first quarter and continued to grow in sort of the first month here of the second quarter.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15444,Answer
|
| 101 |
+
"We do expect, perhaps at the transactional business, sort of the SMB type of business may be more impacted by COVID-19, but that was never a large piece of our business to begin with.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15445,Answer
|
| 102 |
+
So we feel good about the server business.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15446,Answer
|
| 103 |
+
And it continues to be a very strategic focus for us.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15447,Answer
|
| 104 |
+
I think the relationships with our partners and our customers are getting closer as we go through sort of the process of ramping volumes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15448,Answer
|
| 105 |
+
And so we continue to view it as a strong growth driver for us on a year-over-year basis.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15449,Answer
|
| 106 |
+
Very helpful.,Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15450,Question
|
| 107 |
+
And then maybe a follow-up for Devinder on gross margins.,Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15451,Question
|
| 108 |
+
"So first half, kind of tracking towards your 45-ish percent target for the year, but Q2 is 44%.",Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15452,Question
|
| 109 |
+
"And I recall, I think either Lisa or Devinder, you said that second half will be more semi-custom weighted, but that suggests some more pressure on gross margins.",Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15453,Question
|
| 110 |
+
"So I was just hoping you could walk us through how we should think about gross margins in the back half, given all the puts and takes of mix that you are expecting?",Vivek Arya,"BofA Merrill Lynch, Research Division",Director,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15454,Question
|
| 111 |
+
Yes.,Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15455,Answer
|
| 112 |
+
"Thanks, Vivek.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15456,Answer
|
| 113 |
+
"I think the key puts and takes, as you said, continued ramp for the semi-custom, which has margins, as you observed lower than corporate average, but they are offset by the strength in the data center revenue.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15457,Answer
|
| 114 |
+
"So semi-custom ramped the back half, and that does impact the gross margin being lower than corporate average.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15458,Answer
|
| 115 |
+
"But data center strength, as Lisa just referenced, that we are pleased with the ramp in the data center business",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15459,Answer
|
| 116 |
+
.,Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15460,Answer
|
| 117 |
+
"In data center business, the margins are significantly higher than corporate average, and has the offset to help us deliver as we guided for 2020, the 45% gross margin for 2020.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15461,Answer
|
| 118 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15462,Answer
|
| 119 |
+
"Maybe, Vivek, I can just add to that.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15463,Answer
|
| 120 |
+
"So in addition to the data center mix that Devinder mentioned, we also expect to see the console gross margins improve as we go through the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15464,Answer
|
| 121 |
+
And that's the reason for the full year guide at 45%.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15465,Answer
|
| 122 |
+
"So usually, what happens is in the very -- second quarter is our very first quarter of ramp for the consoles, and so the margin starts a little bit lower and continues to ramp as we go through the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15466,Answer
|
| 123 |
+
The next question today is coming from Mark Lipacis from Jefferies.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15467,Question
|
| 124 |
+
On the -- first question on the client side.,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15468,Question
|
| 125 |
+
"I guess, AMD has historically had a good presence on the consumer side, but it sounds like you're making great progress on the commercial side with the HP and ThinkPad design wins.",Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15469,Question
|
| 126 |
+
Can you give us a sense roughly like what is the split between consumer and commercial on the notebook side?,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15470,Question
|
| 127 |
+
And like how does that play going forward?,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15471,Question
|
| 128 |
+
Does commercial just continue to grow faster than the consumer side?,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15472,Question
|
| 129 |
+
And is there an impact on the gross margin between -- if commercial does grow faster?,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15473,Question
|
| 130 |
+
That's the first question.,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15474,Question
|
| 131 |
+
"Yes, Mark.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15475,Answer
|
| 132 |
+
So our PC business does tend to be much more consumer weighted.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15476,Answer
|
| 133 |
+
"I mean, we've made progress in commercial.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15477,Answer
|
| 134 |
+
"Commercial has grown nicely, but it's still consumer weighted.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15478,Answer
|
| 135 |
+
We expect to continue to gain commercial share as we go through this year.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15479,Answer
|
| 136 |
+
"As that happens, I think there's 2 things in the PC margins that affect PC gross margins.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15480,Answer
|
| 137 |
+
Heavier weight of commercial is certainly positive for the overall gross margins.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15481,Answer
|
| 138 |
+
"I think the other pieces, we should expect that education will be strong and that tends to be lower in the mix.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15482,Answer
|
| 139 |
+
And so there are lots of mix dynamics.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15483,Answer
|
| 140 |
+
"But overall, I think our confidence level in notebooks being a strong growth driver for us as we go through this year is good.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15484,Answer
|
| 141 |
+
And we continue to work on the commercial versus consumer mix.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15485,Answer
|
| 142 |
+
Great.,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15486,Question
|
| 143 |
+
That's helpful.,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15487,Question
|
| 144 |
+
"And then on the server side, if you look at cloud instances versus cloud internal versus enterprise versus HPC, can you give us a sense of the split today, if not by percentage and like a rank order?",Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15488,Question
|
| 145 |
+
And what you would expect to drive going forward?,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15489,Question
|
| 146 |
+
Our own field work had indicated that your instances were growing nicely on EPYC I wondered to what extent is that being deployed internally on the cloud guys also?,Mark John Lipacis,"Jefferies LLC, Research Division",MD & Senior Equity Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15490,Question
|
| 147 |
+
"Sure, Mark.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15491,Answer
|
| 148 |
+
"So when you look at our cloud instances, I would say that our cloud -- some of the cloud acceleration I referred to was acceleration of internal workloads at some of our top cloud customers.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15492,Answer
|
| 149 |
+
So I think that's an area actually where we get more visibility.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15493,Answer
|
| 150 |
+
Cloud instances in terms of numbers for external usage has grown.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15494,Answer
|
| 151 |
+
We announced the GCP platform.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15495,Answer
|
| 152 |
+
We announced the IBM platform as well as additional Microsoft platforms.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15496,Answer
|
| 153 |
+
You will see more cloud instances rollout over the next quarter or so.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15497,Answer
|
| 154 |
+
But much of the growth that we've seen has been around internal deployment of the cloud companies.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15498,Answer
|
| 155 |
+
"And then as it relates to enterprise, it is more heavily weighted towards HPC.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15499,Answer
|
| 156 |
+
"We've done very, very well in HPC.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15500,Answer
|
| 157 |
+
We're pretty excited about our new high-frequency SKUs that were just launched here in April.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15501,Answer
|
| 158 |
+
"They're actually very well suited for large enterprise applications and financial sector as well as some of the technology sectors, and so that's a key focus for us in terms of growing those other pieces of the enterprise business.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15502,Answer
|
| 159 |
+
Our next question today is coming from Stacy Rasgon from Bernstein Research.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15503,Question
|
| 160 |
+
"First, harp a little bit again on the server business.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15504,Question
|
| 161 |
+
I guess I don't quite understand why a big shift toward cloud mix will drive ASPs down sequentially.,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15505,Question
|
| 162 |
+
"I mean, your mix has been mostly cloud all along.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15506,Question
|
| 163 |
+
So why all of a sudden is that driving ASPs down?,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15507,Question
|
| 164 |
+
And I know you said units were up double digits.,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15508,Question
|
| 165 |
+
"I guess, in that context, what did revenues do sequentially?",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15509,Question
|
| 166 |
+
"And maybe what were data center revenues, CPU plus GPU, as a percentage of total in the quarter?",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15510,Question
|
| 167 |
+
"Like, if you could give any color on any of that, that would be really helpful.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15511,Question
|
| 168 |
+
Sure.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15512,Answer
|
| 169 |
+
"So we did have a positive cloud mix, but I would say that the Q4 to Q1 mix had significant improvement in cloud or significant growth in cloud.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15513,Answer
|
| 170 |
+
So that was the ASP sort of shift that we talked about.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15514,Answer
|
| 171 |
+
"As it relates to data center overall, we were in the high teens this quarter.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15515,Answer
|
| 172 |
+
"And you had one other question, Stacy?",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15516,Answer
|
| 173 |
+
"I said, what did revenues do sequentially?",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15517,Question
|
| 174 |
+
"Units were up, like, double digits.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15518,Question
|
| 175 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15519,Answer
|
| 176 |
+
The revenues were also up sequentially.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15520,Answer
|
| 177 |
+
"Not as much as units, but revenues were sequentially -- yes.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15521,Answer
|
| 178 |
+
Got it.,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15522,Question
|
| 179 |
+
So my follow-up.,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15523,Question
|
| 180 |
+
"Again, I want to talk a little bit about the share target.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15524,Question
|
| 181 |
+
"So I know you'd said 10% share, give or take, by the middle of this year.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15525,Question
|
| 182 |
+
"If I even just take your entire EESC revenue and I take Intel's data center revenue this quarter, you'd be about 5% revenue share.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15526,Question
|
| 183 |
+
"And I know you're guiding for growth next quarter, but I mean, just given the magnitude, it doesn't feel like that's going to double in the quarter.",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15527,Question
|
| 184 |
+
So just how are you feeling about that 10% guide for the middle of this year?,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15528,Question
|
| 185 |
+
Is that getting pushed out?,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15529,Question
|
| 186 |
+
Are we defining it wrong?,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15530,Question
|
| 187 |
+
Like how should we be thinking about that?,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15531,Question
|
| 188 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15532,Answer
|
| 189 |
+
"So the way we define the share target, and it very much is sort of the view of -- we expect about 20 million units a year in terms of single-socket and dual-socket servers.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15533,Answer
|
| 190 |
+
That's about 5 million units a quarter.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15534,Answer
|
| 191 |
+
So 10% share is about 0.5 million units.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15535,Answer
|
| 192 |
+
"From where we look today, we look to be on track to that.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15536,Answer
|
| 193 |
+
Q2 is actually...,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15537,Answer
|
| 194 |
+
That's about Q2?,Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15538,Question
|
| 195 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15539,Answer
|
| 196 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15540,Answer
|
| 197 |
+
Q2 is actually our strongest backlog quarter that we've seen.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15541,Answer
|
| 198 |
+
So I think that's our current visibility today.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15542,Answer
|
| 199 |
+
"Is that 20 million an appropriate number, though, given you're now playing in comm whereas maybe when you gave that target before you weren't playing in comm?",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15543,Question
|
| 200 |
+
"Isn't the total target at -- total market is more like 30 million or even more, right?",Stacy Aaron Rasgon,"Sanford C. Bernstein & Co., LLC., Research Division",Senior Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15544,Question
|
| 201 |
+
"Well, again, I think not to go back on how we define the target.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15545,Answer
|
| 202 |
+
I think I've given you how we define the target.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15546,Answer
|
| 203 |
+
And I think that's an appropriate way to define the target.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15547,Answer
|
| 204 |
+
"I think our comms exposure is very, very early.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15548,Answer
|
| 205 |
+
"And I would say, is not a significant part of the revenue at this point.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15549,Answer
|
| 206 |
+
The next question is coming from Toshiya Hari from Goldman Sachs.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15550,Question
|
| 207 |
+
"Lisa, I wanted to go back to your full year guide.",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15551,Question
|
| 208 |
+
"I appreciate there's a wide range of outcomes here, and you did put up an updated number.",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15552,Question
|
| 209 |
+
"But if we take the midpoint of your updated guidance and we compare and contrast that with your old guidance, you are lowering the midpoint of your revenue outlook by about $250 million, maybe a little bit more.",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15553,Question
|
| 210 |
+
"In response to Joe's question, I think you focused very much on the notebook business.",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15554,Question
|
| 211 |
+
Is that sort of the primary part of your business where you're lowering numbers?,Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15555,Question
|
| 212 |
+
Or is it a little bit more broad-based across GPU and perhaps the game console business as well?,Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15556,Question
|
| 213 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15557,Answer
|
| 214 |
+
"So I would say from the full year standpoint, the biggest variable is the PC business in its entirety.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15558,Answer
|
| 215 |
+
So that's notebook and desktop.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15559,Answer
|
| 216 |
+
"And like I said, it's a variable, if I -- you can model various scenarios as to what it can be.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15560,Answer
|
| 217 |
+
"And I think from our standpoint, when we started the year, we had the expectation of a pretty normal PC environment.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15561,Answer
|
| 218 |
+
I think we would all say that the environment is different than when we started.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15562,Answer
|
| 219 |
+
"And given the size of that market, we have given ourselves a wide range.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15563,Answer
|
| 220 |
+
"As it relates to what we thought before, it's priority PCs.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15564,Answer
|
| 221 |
+
"And when you look at the other markets, game consoles, data center were about what we expected, and the signals continued to be positive in those areas.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15565,Answer
|
| 222 |
+
"And by the way, I should -- I'm sorry, if I can just finish off.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15566,Answer
|
| 223 |
+
"On PCs , I would say though that, I think we're all waiting to see some of the data as we go through the second half of the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15567,Answer
|
| 224 |
+
"So I want to say that, like I said, there's those 2 competing forces.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15568,Answer
|
| 225 |
+
"One is, there's a strong pull for work-from-home trends and the other is just what is the impact on macro going to be for discretionary consumer spend.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15569,Answer
|
| 226 |
+
And so I think that's a place where we lack full visibility.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15570,Answer
|
| 227 |
+
And we continue to talk to customers.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15571,Answer
|
| 228 |
+
And I think we're all trying to make sure that we are well prepared for any of the scenarios as they come about.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15572,Answer
|
| 229 |
+
Appreciate that.,Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15573,Question
|
| 230 |
+
"And then as a quick follow-up, Lisa, I wanted to ask about the competitive landscape.",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15574,Question
|
| 231 |
+
"Your nearest competitor continues to grow wafer capacity, as you know, and they talked quite a bit about accelerating the RAM for 10 last week on their call.",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15575,Question
|
| 232 |
+
"Are you seeing any changes in how they compete in the marketplace, either from a pricing perspective or from a marketing dollar perspective relative to how you saw the market 90 days ago?",Toshiya Hari,"Goldman Sachs Group Inc., Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15576,Question
|
| 233 |
+
No.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15577,Answer
|
| 234 |
+
It's -- the PC market is always a competitive market.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15578,Answer
|
| 235 |
+
"And from that standpoint, I don't think the environment has changed substantially from a -- either a capacity standpoint or a marketing dollar standpoint.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15579,Answer
|
| 236 |
+
"From our view, it's all about ensuring that the platforms that we launch actually ramp into production smoothly.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15580,Answer
|
| 237 |
+
And so we've been working on that.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15581,Answer
|
| 238 |
+
And we feel very good about that.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15582,Answer
|
| 239 |
+
"I think we mentioned that we have a significant number of platforms, over 135 mobile platforms that are coming to market here in 2020.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15583,Answer
|
| 240 |
+
"And they're very, very competitive.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15584,Answer
|
| 241 |
+
They are some of our best platforms from just overall performance and capability standpoint.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15585,Answer
|
| 242 |
+
So we're bullish on our ability to turn that into revenue growth.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15586,Answer
|
| 243 |
+
The next question today is coming from Ross Seymore from Deutsche Bank.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15587,Question
|
| 244 |
+
So let me ask you a question.,Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15588,Question
|
| 245 |
+
"Lisa, not to kind of go back to the same well as everybody else, but I wanted to hit on the EPYC side of things.",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15589,Question
|
| 246 |
+
"I guess the good news is you guys are growing very rapidly and taking share, and you reiterated that 10% market share goal for the June quarter.",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15590,Question
|
| 247 |
+
"But overall, it seems like the number has not really upsided anybody's expectations over the last few quarters, despite the market accelerating from a demand perspective, your primary competitor upsiding their data center group or even their cloud segment within that for 3 to 4 quarters in a row.",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15591,Question
|
| 248 |
+
"So I just wanted to get your feeling on, is there something that is capping the growth there?",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15592,Question
|
| 249 |
+
Is it the ASP is going down because of who the customers are?,Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15593,Question
|
| 250 |
+
"I'm just wondering why if the market is as strong as it seemed to be for the last 3 or 4 quarters, you're doing really well, but not actually upsiding our expectation?",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15594,Question
|
| 251 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15595,Answer
|
| 252 |
+
"Ross, the way I look at it, and I mean, this was very, very similar to the ramp that we saw in PC business.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15596,Answer
|
| 253 |
+
The ramp in server is something like steady as she goes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15597,Answer
|
| 254 |
+
"And each quarter, we add platforms; each quarter, more platforms are qualified; each quarter, they ramp.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15598,Answer
|
| 255 |
+
It's a little bit different from a pure market phenomenon.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15599,Answer
|
| 256 |
+
"And again, I mean, I understand that there are market phenomena, and then there are growth expectations based on platform launches as well as software being qualified and so on and so forth.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15600,Answer
|
| 257 |
+
"So as it relates to our expectations, it's actually going quite well.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15601,Answer
|
| 258 |
+
"As it relates to the acceleration of cloud, and we're pleased with it.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15602,Answer
|
| 259 |
+
We're not ready to upside numbers at this point.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15603,Answer
|
| 260 |
+
I think we want -- we already had very aggressive growth assumptions in what we went through.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15604,Answer
|
| 261 |
+
I think you'll see us a little bit less market-specific and a little bit more AMD specific as it relates to our customers and their qualification plans.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15605,Answer
|
| 262 |
+
"So I think we are confident that our data center business is doing well, and we need to continue to demonstrate that over a number of quarters.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15606,Answer
|
| 263 |
+
"Just for my follow-up, one that switch gears over to the computing and graphics side.",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15607,Question
|
| 264 |
+
Could you just give a little bit of color on what you expect for that in the second quarter?,Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15608,Question
|
| 265 |
+
"And then as you look into the second half, I know you mentioned that's the area of greatest uncertainty for many logical reasons.",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15609,Question
|
| 266 |
+
"But any sort of difference between the computing and the graphics side, both in your second quarter expectations and then the puts and takes in the back half of the year?",Ross Clark Seymore,"Deutsche Bank AG, Research Division",MD,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15610,Question
|
| 267 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15611,Answer
|
| 268 |
+
So we are expecting that the computing and graphics business will be down sequentially.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15612,Answer
|
| 269 |
+
So it's offsetting some of the growth on the EPYC and semi-custom side.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15613,Answer
|
| 270 |
+
"Within the computing and graphics business, we see notebooks up strongly, as a result of the launch of our new Ryzen 4000 platforms and some of the other trends that we've talked about.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15614,Answer
|
| 271 |
+
"We see desktop down sequentially, and we see graphics down sequentially.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15615,Answer
|
| 272 |
+
Q2 is normally a sequentially down quarter for the channel business for us.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15616,Answer
|
| 273 |
+
So that's not unusual.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15617,Answer
|
| 274 |
+
And we -- that's -- those are the dynamics in the second quarter.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15618,Answer
|
| 275 |
+
"And as we go through the second half of the year, as I mentioned, we'll have to see how consumer spending holds up against the other demand environments.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15619,Answer
|
| 276 |
+
Our next question today is coming from John Pitzer from Crédit Suisse.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15620,Question
|
| 277 |
+
"Lisa, just my first question.",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15621,Question
|
| 278 |
+
"I wonder if you could just help me kind of better understand in this current environment of shelter-in-place, how does that impact sort of new customer, new workload engagements?",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15622,Question
|
| 279 |
+
"And I guess, to better kind of underscore that, just given that you're expecting pretty good share gains in the back half of the year, given your second half guidance, notwithstanding the gaming cycle.",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15623,Question
|
| 280 |
+
"Are most of those wins already in your back pocket, and so you've got high visibility?",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15624,Question
|
| 281 |
+
Or how do I think about that dynamic?,John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15625,Question
|
| 282 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15626,Answer
|
| 283 |
+
So I think there are many that are already in progress.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15627,Answer
|
| 284 |
+
"And that would be our -- sort of our typical view of how long it takes to ramp a customer from beginning of engagement to actual ramp, can it be anywhere from 6 to 9 months if that's a good number.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15628,Answer
|
| 285 |
+
"As it relates to what we see with the, as you call it, shelter-in-place, look, we see pretty strong activity.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15629,Answer
|
| 286 |
+
"I mean, the activity level continues to be high on both the cloud as well as the enterprise side.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15630,Answer
|
| 287 |
+
"The only place where perhaps we see a little bit of a slowdown is, as I said, on some of the transactional business, which we had plan to grow as we go through this year, and that might grow more slowly just as people aren't focused on new infrastructure right now.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15631,Answer
|
| 288 |
+
"But in terms of cloud and large enterprise, there continues to be good activity on both current already one design platforms as well as new pipeline engagements.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15632,Answer
|
| 289 |
+
"That's helpful, Lisa.",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15633,Question
|
| 290 |
+
"And as my follow-up, as you guys are painfully aware, one of the metrics that we probably focus probably too much on is just gross margin and gross margin progression.",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15634,Question
|
| 291 |
+
"And given the gaming sort of ramp coming, it sort of convoluted the issue.",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15635,Question
|
| 292 |
+
"So I was kind of hoping maybe you would quantify both in your Q2 guide and your full year guide, what impact the gaming console business is having on gross margins, i.e., what would gross margins be trending to right now ex gaming for both June and the full year?",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15636,Question
|
| 293 |
+
"I think, John -- go ahead.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15637,Answer
|
| 294 |
+
"Go ahead, Devinder.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15638,Answer
|
| 295 |
+
"So if you look at Q2, if you're asking the specific Q1 to Q2.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15639,Answer
|
| 296 |
+
"Q2, we came in at the 46%, Q2 is down, and fundamentally primarily is due to the ramp in the game console revenue.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15640,Answer
|
| 297 |
+
"As Lisa said earlier, we mentioned that the margins in the initial ramp of semi-custom revenue are typically lower and they do improve over time for semi-custom.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15641,Answer
|
| 298 |
+
"But also from a company standpoint, when you look at the corporate average gross margin, it's lower.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15642,Answer
|
| 299 |
+
"And therefore, it is having an impact in terms of sequentially the margin is going down from Q1 to Q2.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15643,Answer
|
| 300 |
+
"But I guess, Devinder, my question is, is the non-gaming gross margins continuing to move higher sequentially every quarter this year, i.e., is it more than 100 basis point impact from gaming in the June quarter?",John William Pitzer,"Crédit Suisse AG, Research Division","MD, Global Technology Strategist and Global Technology Sector Head",2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15644,Question
|
| 301 |
+
I think...,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15645,Answer
|
| 302 |
+
Go ahead.,Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15646,Answer
|
| 303 |
+
"Go ahead, Lisa.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15647,Answer
|
| 304 |
+
"Sorry, we're -- Devinder and I are not in the same room.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15648,Answer
|
| 305 |
+
"So the answer is yes, John.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15649,Answer
|
| 306 |
+
The impact of the sequential decline of 2 points is semi-custom.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15650,Answer
|
| 307 |
+
"If you take semi-custom out, the rest of the portfolio would be -- what you would see in the rest of the portfolio is you would see server up and you would see desktop offset some of that.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15651,Answer
|
| 308 |
+
But the sequential decline is all semi-custom.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15652,Answer
|
| 309 |
+
Your next question is coming from Timothy Arcuri from UBS.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15653,Question
|
| 310 |
+
I had two.,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15654,Question
|
| 311 |
+
"I guess the first question, Devinder, I think you said that data center was high teens of revenue, so that would put it sort of in the low to mid 3s for March.",Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15655,Question
|
| 312 |
+
Can you break out how much was CPU versus GPU?,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15656,Question
|
| 313 |
+
"And I guess on the GPU side, that can be pretty lumpy.",Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15657,Question
|
| 314 |
+
So anything to call out that's assumed for June?,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15658,Question
|
| 315 |
+
Yes.,Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15659,Answer
|
| 316 |
+
It's weighted towards the CPUs.,Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15660,Answer
|
| 317 |
+
"If you take the data center CPUs and GPUs together, the revenue in Q1 is high teens of revenue in Q1, but primarily weighted towards the CPUs because that's the area of growth from a server CPU business standpoint.",Devinder Kumar,"Advanced Micro Devices, Inc.","Senior VP, CFO & Treasurer",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15661,Answer
|
| 318 |
+
Okay.,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15662,Question
|
| 319 |
+
And then I guess bigger picture question.,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15663,Question
|
| 320 |
+
"So Lisa, I think there's some new regulations in China that come into effect on June 1 around additional cybersecurity review for critical information infrastructure.",Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15664,Question
|
| 321 |
+
And I would think that maybe you could fall under that.,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15665,Question
|
| 322 |
+
So any thought on how that could impact demand for you?,Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15666,Question
|
| 323 |
+
"And maybe if you could sort of tell us how much of your revenue on a consumption basis, do you think right now is in China?",Timothy Michael Arcuri,"UBS Investment Bank, Research Division",MD and Head of Semiconductors & Semiconductor Equipment,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15667,Question
|
| 324 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15668,Answer
|
| 325 |
+
So we're looking at that new regulation.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15669,Answer
|
| 326 |
+
So I don't have any specifics at this point in time.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15670,Answer
|
| 327 |
+
We'll continue to look at that new regulation.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15671,Answer
|
| 328 |
+
"As it relates overall, I would say, the majority of our business in China is consumer or, let's call it, consumer-related cloud.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15672,Answer
|
| 329 |
+
"Operator, we'll take two more questions, please.",Ruth Cotter,"Advanced Micro Devices, Inc.","SVP of Worldwide Marketing, HR & IR",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15673,Answer
|
| 330 |
+
Our next question is coming from Mitch Steves from RBC Capital Markets.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15674,Question
|
| 331 |
+
I've got one and a follow-up.,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15675,Question
|
| 332 |
+
But the first one just kind of on the bookings you guys are saying.,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15676,Question
|
| 333 |
+
So I'm less worried about kind of the near-term revenue number you guys put up for server.,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15677,Question
|
| 334 |
+
"But if you're sitting here today and you compare that to a quarter ago, what do the bookings look like or backlog?",Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15678,Question
|
| 335 |
+
Has that changed at all?,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15679,Question
|
| 336 |
+
Is that improving?,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15680,Question
|
| 337 |
+
Is it getting better or is it pretty much in line with what you guys expected in terms of the overall backlog?,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15681,Question
|
| 338 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15682,Answer
|
| 339 |
+
"I think it's -- I think I said earlier, but Mitch, it is certainly better.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15683,Answer
|
| 340 |
+
So we have better visibility a month into the quarter versus 90 days ago.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15684,Answer
|
| 341 |
+
Okay.,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15685,Question
|
| 342 |
+
And then the second one I had is just more broad.,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15686,Question
|
| 343 |
+
"It's on China, actually.",Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15687,Question
|
| 344 |
+
So one thing we're picking up is that a lot of the Chinese companies supposedly buying a lot of semiconductor chips ahead just in case they get banned from the U.S. and China relationship deterioration.,Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15688,Question
|
| 345 |
+
"So since you guys are not really involved in that, you're more exposed to the hyperscale.",Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15689,Question
|
| 346 |
+
"Do you guys have any comments on what you guys think is actually happening there, if people are actually trying to build up -- I guess, build up an inventory level for semiconductor chips they think may get banned?",Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15690,Question
|
| 347 |
+
"Or do you think that's kind of just noise, and it's not really occurring right now in that geography?",Mitchell Toshiro Steves,"RBC Capital Markets, Research Division",Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15691,Question
|
| 348 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15692,Answer
|
| 349 |
+
"Mitch, it's a little bit hard for me to generalize.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15693,Answer
|
| 350 |
+
"I would say, from what we see and we track both selling and consumption pretty closely, it looks like it's normal patterns.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15694,Answer
|
| 351 |
+
But we don't have exposure to some of the markets you're talking about.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15695,Answer
|
| 352 |
+
Your next question is coming from Blayne Curtis from Barclays.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15696,Question
|
| 353 |
+
"Maybe, Lisa, just looking at the fiscal guide, I'm kind of curious, if you look at first half versus second half, it seems like you still would require growth in computer graphics.",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15697,Question
|
| 354 |
+
I want to just make sure that was right.,Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15698,Question
|
| 355 |
+
"And then I'm just kind of curious how you think of the server, obviously, your share gainer.",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15699,Question
|
| 356 |
+
"I think cloud and enterprise get intermingled together, particularly with this work-from-home.",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15700,Question
|
| 357 |
+
"So I'm just kind of curious as you look at that business, first half and second half, do you -- I think Intel was talking about some weakness in enterprise and government.",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15701,Question
|
| 358 |
+
"It's not a big exposure for you, but just kind of curious how you're thinking about, is there any headwind as that work-from-home spend holds off with server as well?",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15702,Question
|
| 359 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15703,Answer
|
| 360 |
+
"So as it relates to first half, second half, I mean, as we said, there's -- the $8.4 billion plus or minus 5% is a wider than normal range for us.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15704,Answer
|
| 361 |
+
I think you can see outcomes within that range that would have computing and graphics up as well as you can see outcomes with it more flattish.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15705,Answer
|
| 362 |
+
"So that being the case, so I think the trends that I talked about are likely the right trends, which is the consumer spending, perhaps a little softer, enterprise and commercial, a positive for us; notebook share gain, a positive for us; and we want to see how sort of the desktop channel behaves as we go into the second half of the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15706,Answer
|
| 363 |
+
And then your second question?,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15707,Answer
|
| 364 |
+
"Just kind of -- as you look at the server business, first half, second half, you had seen some -- you saw some strength in cloud in March and June.",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15708,Question
|
| 365 |
+
"I'm kind of curious, are you thinking about -- is there any work-from-home benefits within that, that would then turn into a headwind in the second half?",Blayne Peter Curtis,"Barclays Bank PLC, Research Division",Director & Senior Research Analyst,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15709,Question
|
| 366 |
+
Yes.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15710,Answer
|
| 367 |
+
"Look, I think from what we see, we see mostly platforms ramping.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15711,Answer
|
| 368 |
+
And so that's how we're thinking about the data center business.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15712,Answer
|
| 369 |
+
"Of course, we're in this COVID-19 environment and so we'll have to actually play out the next couple of quarters.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15713,Answer
|
| 370 |
+
"But within the ranges that we see, we see an opportunity to continue growing in the second half of the year, given the visibility that we have with customers, the platforms that are ramping.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15714,Answer
|
| 371 |
+
And I still feel very much like we're in the early stages of our 2nd Gen EPYC ramp.,Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15715,Answer
|
| 372 |
+
"And I know it's been a couple of quarters, but that's just the way servers ramp.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15716,Answer
|
| 373 |
+
"So we're in the early stages of the ramp, lots of customer activity, significant pull from the customers to get up and running as soon as possible.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15717,Answer
|
| 374 |
+
"And as you said, we don't have as much exposure to some of the other end markets, which may have more volatility in the second half of the year.",Lisa T. Su,"Advanced Micro Devices, Inc.","President, CEO & Non-Independent Director",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15718,Answer
|
| 375 |
+
Thank you.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15719,Question
|
| 376 |
+
We reached the end of our question-and-answer session.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15720,Question
|
| 377 |
+
I'd like to turn the floor back over for any further closing comments.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15721,Question
|
| 378 |
+
"Thank you, Kevin.",Ruth Cotter,"Advanced Micro Devices, Inc.","SVP of Worldwide Marketing, HR & IR",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15722,Answer
|
| 379 |
+
That concludes today's call.,Ruth Cotter,"Advanced Micro Devices, Inc.","SVP of Worldwide Marketing, HR & IR",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15723,Answer
|
| 380 |
+
"We appreciate everybody participating, and stay safe, stay well.",Ruth Cotter,"Advanced Micro Devices, Inc.","SVP of Worldwide Marketing, HR & IR",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15724,Answer
|
| 381 |
+
And we look forward to engaging with you throughout the quarter.,Ruth Cotter,"Advanced Micro Devices, Inc.","SVP of Worldwide Marketing, HR & IR",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15725,Answer
|
| 382 |
+
Thank you.,Ruth Cotter,"Advanced Micro Devices, Inc.","SVP of Worldwide Marketing, HR & IR",2020,Apr,28,AMD,Q/A,Q2,Speaker,2020-Apr-28-AMD.txt,15726,Answer
|
| 383 |
+
Thank you.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15727,Question
|
| 384 |
+
That does conclude today's teleconference.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15728,Question
|
| 385 |
+
You may disconnect your lines at this time and have a wonderful day.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15729,Question
|
| 386 |
+
We thank you for your participation today.,Operator,Operator,Operator,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15730,Question
|
| 387 |
+
PRELIMINARY TRANSCRIPT:,Definitions,Definitions,Definitions,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15731,Question
|
| 388 |
+
"""Preliminary Transcript"" indicates that the Transcript has been published in near real-time by an experienced professional transcriber.",Definitions,Definitions,Definitions,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15732,Question
|
| 389 |
+
"While the Preliminary Transcript is highly accurate, it has not been edited to ensure the entire transcription represents a verbatim report of the call.",Definitions,Definitions,Definitions,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15733,Question
|
| 390 |
+
EDITED TRANSCRIPT:,Definitions,Definitions,Definitions,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15734,Question
|
| 391 |
+
"""Edited Transcript"" indicates that a team of professional editors have listened to the event a second time to confirm that the content of the call has been transcribed accurately and in full.",Definitions,Definitions,Definitions,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15735,Question
|
| 392 |
+
"Thomson Reuters reserves the right to make changes to documents, content, or other information on this web site without obligation to notify any person of such changes.",Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15736,Question
|
| 393 |
+
"In the conference calls upon which Event Transcripts are based, companies may make projections or other forward-looking statements regarding a variety of items.",Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15737,Question
|
| 394 |
+
Such forward-looking statements are based upon current expectations and involve risks and uncertainties.,Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15738,Question
|
| 395 |
+
"Actual results may differ materially from those stated in any forward-looking statement based on a number of important factors and risks, which are more specifically identified in the companies' most recent SEC filings.",Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15739,Question
|
| 396 |
+
"Although the companies may indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be realized.",Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15740,Question
|
| 397 |
+
"THE INFORMATION CONTAINED IN EVENT TRANSCRIPTS IS A TEXTUAL REPRESENTATIONOF THE APPLICABLE COMPANY'S CONFERENCE CALL AND WHILE EFFORTS ARE MADE TOPROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS,OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE CONFERENCE CALLS.IN",Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15741,Question
|
| 398 |
+
NO WAY,Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15742,Question
|
| 399 |
+
DOES THOMSON REUTERS OR THE APPLICABLE COMPANY ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHERDECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR INANY EVENT TRANSCRIPT.,Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15743,Question
|
| 400 |
+
USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'SCONFERENCE CALL ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFOREMAKING ANY INVESTMENT OR OTHER DECISIONS.,Disclaimer,Disclaimer,Disclaimer,2020,Apr,28,AMD,Q/A,Q2,Analyst,2020-Apr-28-AMD.txt,15744,Question
|