The semiconductor and technology industry has been growing rapidly over the past decade, and Advanced Micro Devices, Inc. (AMD) has grown right along with it. Founded in 1969 by two men who were part of the team that originally designed the very first microprocessor, AMD was originally named American Microelectronics Corporation (AMC). The company changed its name to Advanced Micro Devices in 1979, which highlights the main focus of their products; computer processors and related technologies. Advanced Micro Devices Inc.: The Company Behind the Processor
History of AMD
Advanced Micro Devices was founded in 1969 by a group of engineers from Fairchild Semiconductor. The company’s first product was the Am2501 logic chip, which was used in calculators and other electronic devices. In the 1970s and 1980s, AMD focused on making memory chips and later expanded into making microprocessors. Today, AMD is one of the largest suppliers of processors for PCs and servers. It also provides products for communications, storage and multimedia processing. Advanced Micro Devices Inc.: The Company Behind the Processor
Q1 2018 Results
On January 25, 2018, Advanced Micro Devices (AMD) announced their Q1 2018 results. In Q1, AMD had revenue of $1.65 billion, which is an increase of 34% year-over-year. Operating income was $71 million, and net income was $81 million. EPS was $0.08. Adjusted EBITDA was $316 million. On a non-GAAP basis, net income was $110 million and EPS was $0.11. Free cash flow was $159 million. Cash and cash equivalents at the end of Q1 were $900 million. Accounts receivable increased to $735 million from last quarter’s $604 million, but accounts payable decreased to $434 million from last quarter’s $504 million. Inventory increased to approximately one month’s worth from last quarter’s two months’ worth as well. Long term debt totaled less than 1/2 that of total assets at the end of Q1 with only 7%.
Q3 2018 Outlook
Revenue and earnings are expected to grow in Q3 2018 due to higher demand for AMD’s Ryzen and EPYC processors. The company is also expecting new product launches to drive growth. Operating expenses are expected to increase as AMD invests in product development and marketing. Overall, AMD is expecting a strong Q3 2018. Despite increased operating costs, margins should remain high thanks to an influx of revenue from selling its newest products. Investors will be watching closely to see if these trends continue into next year.
q. & a.
1. What is Advanced Micro Devices, Inc.?
Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California.
2. What does the company do?
The company develops computer processors and related technologies for business and consumer markets.
3. What is the company’s history?
The company was founded in 1969 and has since gone public. In 2016, the company had a market capitalization of $12.4 billion. AMD is publicly traded on the New York Stock Exchange and NASDAQ under the symbol AMD. AMD employs about 10,000 people worldwide. Headquartered in Sunnyvale, California, they are currently headed by President and CEO Dr. Lisa Su. As of 2017, the company operates three fabrication plants: one each in Dresden (Germany), Shanghai (China) and Singapore; as well as assembly facilities located around the world including Penang (Malaysia), Manaus (Brazil), Chihuahua (Mexico) and Jundiai (Brazil).
What does Advanced Micro Device do?
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California. AMD develops computer processors and related technologies for business and consumer markets.
Is Advanced Micro Devices A Buy Sell or Hold?
While it is difficult to give a definite answer on whether or not AMD is a buy, sell, or hold at this particular moment in time, there are certain aspects of the company that make it a more attractive investment than others. For instance, AMD has been making large strides in the processor market, recently unseating Intel as the top supplier of processors for laptops. This could be seen as a positive sign for future growth of the company.
Who is AMD owned by?
AMD is an American multinational semiconductor company that develops computer processors and related technologies for business and consumer markets. The company is owned by a number of different entities, including Advanced Technology Investments, LLC, Abu Dhabi Investment Authority, and Mubadala Development Company. AMD has a long history dating back to 1969, when it was founded by a group of engineers from Fairchild Semiconductor. Today, the company is one of the largest suppliers of processors in the world.
What industry is Advanced Micro Devices?
Advanced Micro Devices is a company that designs and produces semiconductor products. In other words, they create the tiny chips that power electronic devices like computers and cell phones. Their products are used in a variety of industries, including automotive, healthcare, and gaming.