Current Outlook
AMD’s outlook statements are based on current expectations and contemplate the current COVID-19
environment, global economic backdrop and customer demand signals. The following statements are
forward-looking, and actual results could differ materially depending on market conditions, COVID-19
factors and the factors set forth under “Cautionary Statement” below.
For the second quarter of 2020, AMD expects revenue to be approximately $1.85 billion, plus or
minus $100 million, an increase of approximately 21 percent year-over-year and 4 percent
sequentially. The year-over-year increase is expected to be primarily driven by growth of Ryzen and
EPYC processor sales. The sequential increase is expected to be primarily driven by EPYC processor
and semi-custom sales. AMD expects non-GAAP gross margin to be approximately 44 percent in the
second quarter of 2020. The sequential decrease is expected to be primarily due to the initial ramp of
next-generation semi-custom products.
Despite expectations of weaker COVID-19 related consumer demand in the second half of the year,
AMD expects 2020 revenue to grow by approximately 25 percent, plus or minus 5 percentage points,
compared to 2019 and non-GAAP gross margin to be approximately 45 percent. |
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