AMD's Fortunes Are Improving

[SteelCrysis]

https://www.tomshardware.com/news/amd-2q...-cpu-sales

It couldn't possibly be more of a disparate tale between Intel and AMD: Intel's earnings last week found the company announcing that it faces a delay to its 7nm process node until 2023, sending the stock plummeting 16% in spite of its solid financials. In contrast, AMD's stock soared to record highs on the news of its stellar financial performance and on-track execution for its next-gen Milan CPUs and RDNA 2 GPUs. The stock reached a record $74.47, a 9.9% jump in after-hours trading (at the time of writing).

AMD reported record revenue of $1.93 billion (up 26% YoY), along with record notebook and EPYC CPU sales in its 2Q 2020 earnings report today. AMD also notched a 12-year high in consumer processor sales as its client computing group notched 45% growth propelled in part by doubled sales of notebook processors. AMD CEO Lisa Su also said the company had doubled its EPYC sales and reached its target of double-digit server market share as the segment reached 20% of AMD's overall second-quarter revenue.

Even more telling, the company raised its full-year revenue projections from 25% growth to 32% on the back of continued growth in the key PC, data center, and gaming segments. The company earned $157 million in profit for the quarter, a marked increase over the $35 million from a year prior. AMD's margins weighed in at 44%, a 2% sequential decline but 3% improvement year over year.