AMD CEO Lisa Su said 2019 will be a “revenue growth year” thanks to its next-generation, 7-nanometer processors and GPUs which will appear in the second half of the year.
AMD saw first quarter revenue fall by 23 percent, but the company’s guidance for full-year revenue was unchanged from the last few months, with the expectation that it will grow in the high single digits.
Rival Intel lowered its full-year revenue forecast by $2.5 billion last week from a previous estimate, showing that the company expects annual revenue to decline this year.
But Su said she is confident AMD will continue to gain market share on Intel, which dominates the client computer and server markets. On the company’s Tuesday earnings call, she said she expects AMD to reach double-digit market share in servers within the next year.
“Our story is really about share gains, and middle of this year, we’re coming out with our next-generation EPYC processor. We call it ‘Rome,’ and it doubles performance per socket, so it’s a significant inflection point in technology, and that’s what keeps us really excited about the prospects.”
Su said AMD had been having a great few years. “For us, it’s all about products, and we have large markets. We’re in the PC business, the gaming business, and the data centre business. These are great markets, and we have been a share gain story, so we’re all about our products and gaining market share.”
She said semiconductors were exciting.
“You do see things go up and down, but from our standpoint, it’s really about building a long-term plan. And when we started 2019, 2019 is a huge year for us. If you look at our product cycles, we are launching new products in all of our markets, and so we said this is a revenue growth year for us. Starting out at a lower point than the first quarter, but building up over the next couple of quarters, and we still see tremendous excitement around our products, so from that standpoint, that’s where we’re focused.”
