1. 标的：AMD.US (例 2330.TW 台积电) 2. 分类：讨论 3. 分析/正文： GAAP Quarterly Financial Results Q1 2023 Q1 2022 Y/Y Revenue ($M) $5,353 $5,887 Down 9% Gross profit ($M) $2,359 $2,818 Down 16% Gross margin % 44% 48% Down 4 ppts Operating expenses ($M) $2,514 $1,950 Up 29% Operating income (loss) ($M) $(145) $951 Down 115% Operating margin % (3)% 16% Down 19 ppts Net income (loss) ($M) $(139) $786 Down 118% Earnings (loss) per share $(0.09) $0.56 Down 116% GAAP Quarterly Financial Results Q1 2023 Q1 2022 Y/Y Revenue ($M) $5,353 $5,887 Down 9% Gross profit ($M) $2,359 $2,818 Down 16% Gross margin % 44% 48% Down 4 ppts Operating expenses ($M) $2,514 $1,950 Up 29% Operating income (loss) ($M) $(145) $951 Down 115% Operating margin % (3)% 16% Down 19 ppts Net income (loss) ($M) $(139) $786 Down 118% Earnings (loss) per share $(0.09) $0.56 Down 116% --- 业绩指引方面，AMD预期本季度的销售将较一季度加速下滑，比市场预计的表现更差。 AMD预计，二季度营收爲53亿美元，上下浮动3亿美元，即范围在50亿到56亿美元，中位值 53亿美元低於分析师预期的55亿美元。以指引中位值算，AMD本季度的营收将同比猛降 19.1%，分析师预期同比降约16%。 Non-GAAP下，剔除生产成本後，AMD预计二季度毛利率约爲50%，持平一季度水平，符合 分析师预期。 --- 各部门摘要 -PC相关业务销售继续下滑 -数据中心相关业务未能保持40%以上的强劲增长，同比增长比预期还更少 -游戏业务销售降幅没有市场预期的大 -嵌入式产品业务受益於XLNX的加入,优於预期 数据中心事业部 -Q1营收12.95亿美元，同比小幅增长1.5%，预期14.6亿美元，去年四季度同比增长42% -Q1数据中心业务的营业利润爲1.48亿美元，同比下降65.3%，去年四季度增长32%。 客户事业部 -Q1营收7.39亿美元，同比剧减65.2%。预期9.08亿美元，去年四季度同比下降51%； -Q1营业亏损1.72亿美元，去年同期录得营业利润6.92亿美元 -去年四季度亏损1.52亿美元。 游戏事业部 -Q1营收17.57亿美元，同比下降6.3%，预期15.3亿美元，去年四季度同比下降7%； -Q1业务营业利润3.14亿美元，同比下降12.3%，去年四季度同比下降23%。 嵌入式和半定制事业部 -Q1营收15.62亿美元，同比增长262%，预期14.3亿美元，去年四季度同比增长1868%； -Q1业务营业利润7.98亿美元，同比增长290% --- 以下是财报全文 (以下是网页翻译 未经人工纠错) SANTA CLARA, Calif., May 02, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2023 of $5.4 billion, gross margin of 44%, operating loss of $145 million, net loss of $139 million and diluted loss per share of $0.09. On a non-GAAP(*) basis, gross margin was 50%, operating income was $1.1 billion, net income was $970 million and diluted earnings per share was $0.60. 今天宣布2023年第一季度收入为54亿美元，毛利率为44%，营业亏损为1.45亿美元，净亏 损为1.39亿美元，每股摊薄亏损为0.09美元。在非GAAP ( *) 的基础上，毛利率为50%， 营业收入为11亿美元，净收入为9.7亿美元，每股摊薄收益为0.60美元。 “We executed very well in the first quarter as we delivered better than expected revenue and earnings in a mixed demand environment,” said AMD Chair and CEO Dr. Lisa Su. “We launched multiple leadership products and made significant progress accelerating our AI roadmap and customer engagements in the quarter. Longer-term, we see significant growth opportunities as we successfully deliver our roadmaps, execute our strategic data center and embedded priorities and accelerate adoption of our AI portfolio.” “我们在第一季度表现非常好，因为我们在混合需求环境中实现了好於预期的收入和收益 ，”AMD董事长兼首席执行官Lisa Su博士说。“我们推出了多种领导产品，并在加快本季 度的人工智慧路线图和客户参与方面取得了重大进展。从长远来看，随着我们成功交付路 线图，执行我们的战略数据中心和嵌入式优先事项，并加速采用我们的人工智慧产品群组 ，我们看到了巨大的增长机会。 “Our strategically important Data Center and Embedded segments contributed more than 50 percent of revenue in the first quarter," said AMD EVP, CFO and Treasurer Jean Hu. "For the second quarter we expect sequential growth in our Data Center and Client segments offset by modest declines in our Gaming and Embedded segments. We remain confident in our growth in the second half of the year as the PC and server markets strengthen and our new products ramp.” “我们具有重要战略意义的数据中心和嵌入式部门在第一季度贡献了超过50%的收入，” AMD执行副总裁，首席财务官兼财务主管Jean Hu表示。“对於第二季度，我们预计数据中 心和客户细分市场的环比增长将被游戏和嵌入式细分市场的温和下降所抵消。随着PC和伺 服器市场的加强以及我们的新产品的激增，我们对下半年的增长仍然充满信心。 Recent PR Highlights 最近的公关亮点 AMD continues to lead in confidential computing as major cloud service providers including Microsoft Azure, Google Cloud and Oracle Cloud Infrastructure announced new capabilities based on AMD EPYC™ processors. AMD继续在机密计算领域处於领先地位，包括Microsoft Azure，Google Cloud和Oracle Cloud Infrastructure在内的主要云服务提供者宣布了基於AMD EPYC（霄龙）™处理器的 新功能。 AMD expanded capabilities for developers to build robust AI solutions leveraging AMD products including updates to the PyTorch Foundation’s PyTorch 2.0 framework which now offers native support for ROCm software and the latest TensorFlow-ZenDNN plug-in, which enables neural network inferencing on AMD EPYC CPUs. AMD扩展了开发人员的功能，以利用AMD产品构建强大的AI解决方案，包括对PyTorch基金 会的PyTorch 2.0框架的更新，该框架现在提供对ROCm软体的本机支援和最新的 TensorFlow-ZenDNN插件，该外挂程式可在AMD EPYC CPU上实现神经网路推理。 AMD announced the AMD Alveo™ MA35D media accelerator to power a new era of live interactive streaming services at scale, featuring an integrated AI processor that dynamically adjusts video quality. AMD 宣布推出 AMD Alveo™ MA35D 媒体加速器，为大规模直播互动流媒体服务的新时代 提供支援，该加速器采用可动态调整视频品质的集成 AI 处理器。 AMD expanded its embedded processor portfolio with powerful, scalable offerings for a variety of embedded applications: The AMD Ryzen™ Embedded 5000 Series processors deliver mid-range, scalable and efficient performance optimized for “always on” networking firewalls, network-attached storage systems and other security applications. AMD 扩大了其嵌入式处理器产品，为各种嵌入式应用提供了强大、可扩展的产品： AMD 锐龙™嵌入式 5000 系列处理器提供中端、可扩展和高效的性能，针对「始终在线」 的网路防火墙、网路连接存储系统和其他安全应用进行了优化。 The new AMD EPYC Embedded 9004 Series processors bring performance and energy efficiency to embedded networking, security and firewall, and storage systems in cloud and enterprise computing, as well as industrial edge servers. 全新 AMD EPYC（霄龙）嵌入式 9004 系列处理器为嵌入式网路、安全和防火墙、云和企 业计算中的存储系统以及工业边缘伺服器带来了性能和能效。 AMD showcased its growing presence in the telco space, including announcing a Telco Solutions testing lab to support the validation of end-to-end AMD based solutions, launching Zynq™ UltraScale+™ RFSoC products to accelerate the deployment of 4G/5G radios in emerging markets, and expanding the collaboration with Nokia to power Nokia Cloud RAN solutions to help communications service providers achieve their most stringent energy efficiency goals. AMD 展示了其在电信领域不断增长的影响力，包括宣布成立电信解决方案测试实验室以支 援基於 AMD 的端到端解决方案的验证，推出 Zynq™ UltraScale+ ™ RFSoC 产品以加速 4G/5G 无线电在新兴市场的部署，并扩大与诺基亚的合作，为诺基亚云 RAN 解决方案提 供支援，以説明通讯服务提供者实现其最严格的能效目标。 AMD Ryzen mobile processors are powering new commercial, consumer and gaming experiences. AMD 锐龙移动处理器正在为新的商业、消费者和游戏体验提供动力。 The new AMD Ryzen Z1 and Z1 Extreme processors, featuring AMD RDNA 3 architecture-based graphics, bring ultimate portability and battery life to handheld PC gaming consoles, including the Asus ROG Ally. 新的AMD Ryzen Z1和Z1 Extreme处理器采用基於AMD RDNA 3架构的显卡，为包括华硕ROG Ally在内的掌上PC游戏机带来了终极便携性和电池寿命。 HPI announced hardware and software offerings for the hybrid workplace powered by next-gen Ryzen processors. HPI also announced the next generation OMEN 16 and Victus 16 laptops featuring up to an AMD Ryzen 9 7940HS processor. HPI 宣布推出面向采用下一代锐龙处理器的混合工作场所的硬体和软体产品。HPI还宣布 了下一代暗影精灵16和Victus 16笔记型电脑，配备AMD Ryzen 9 7940HS处理器。 Lenovo announced the Legion Slim 7 featuring up to an AMD Ryzen 9 7940HS processor, as well as additions to the Yoga lineup featuring AMD Ryzen 7000 Series processors. 联想宣布推出配备AMD Ryzen 9 7940HS处理器的Legion Slim 7，以及采用AMD Ryzen 7000系列处理器的Yoga阵容。 AMD partnered with HPI to co-engineer their Dragonfly Pro powered by custom AMD Ryzen 7 7736U processors. AMD 与 HPI 合作，共同设计了采用定制 AMD 锐龙 7 7736U 处理器的 Dragonfly Pro。 Framework introduced AMD-powered versions of both their Framework Laptop 13 and newly announced Laptop 16. Framework推出了他们的笔记型电脑13和新发布的笔记型电脑16的AMD版本。 Samsung and AMD announced they signed a multi-year agreement extension to bring multiple generations of high-performance, ultra-low-power AMD Radeon™ graphics solutions to an expanded portfolio of Samsung Exynos SoCs. 三星和 AMD 宣布签署了一项多年续约协定，将多代高性能、超低功耗 AMD Radeon™ 显 卡解决方案引入三星 Exynos SoC 的扩展产品群组。 AMD announced the AMD Radeon PRO W7000 Series graphics, the first professional graphics cards built on the advanced AMD chiplet design to deliver leadership performance and unique features. AMD 宣布推出 AMD Radeon PRO W7000 系列显卡，这是首款基於先进 AMD 小晶片设计的 专业显卡，可提供领先的性能和独特的功能。 AMD FidelityFX™ Super Resolution technology is now supported in 250 available and upcoming games, 110 of which support FSR 2, the latest update to the cross-platform temporal upscaling technology. AMD FidelityFX™ 超解析度技术现已在 250 款可用和即将推出的游戏中获得支援，其中 110 款支援 FSR 2，这是跨平台时间升级技术的最新更新。 AMD announced that Jack Huynh has been named senior vice president and general manager of Computing and Graphics following the retirement of Rick Bergman, the former executive vice president of Computing and Graphics. AMD 宣布，在前计算和图形执行副总裁 Rick Bergman 退休后，Jack Huynh 被任命为计 算和图形高级副总裁兼总经理。 Current Outlook AMD’s outlook statements are based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below. AMD 的展望声明基於当前的预期。以下陈述是前瞻性的，实际结果可能会因市场状况和下 文「警示声明」中规定的因素而存在重大差异。 For the second quarter of 2023, AMD expects revenue to be approximately $5.3 billion, plus or minus $300 million. AMD expects non-GAAP gross margin to be approximately 50%. AMD 预计 2023 年第二季度的收入约为 53 亿美元，上下浮动 3 亿美元。AMD预计非GAAP 毛利率约为50%。 AMD Teleconference AMD 电话会议 AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its first quarter 2023 financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. AMD 将於太平洋时间今天下午 2：00（美国东部时间下午 5：00）召开金融界电话会议， 讨论其 2023 年第一季度财务业绩。AMD 将在其网站的投资者关系页面上提供电话会议的 即时音讯广播，网址为 www.amd.com。 --- XLNX真是金鸡母 PC/GPU在拖累 DC至少还有成长 Console...现在还有人抢买主机? 4. 进退场机制：(非长期投资者，必须有停损机制。讨论、心得类免填) --

※ 发信站: 批踢踢实业坊(ptt.cc), 来自: 118.160.72.120 (台湾) ※ 文章网址: https://webptt.com/cn.aspx?n=bbs/Stock/M.1683076147.A.653.html 整段修正了 直贴原文 ※ 编辑: Severine (118.160.72.120 台湾), 05/03/2023 09:23:58