amd earnings q4 2019

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Our full-year financial results highlight the strength of our business model.

It's a strong year for us, certainly, with, you know, the expectations of being around 28 to 30% revenue growth.

I had, first, a question on gross margin, especially in Q1.

Enterprise, embedded, and semi-custom segment revenue was 465 million, up 7% from 433 million in the prior year.The continued growth of EPYC process sales was partially offset by softer semi-custom revenue.

GAAP net income was $170 million, or $0.15 per share,

This transcript is provided as is without express or implied warranties of any kind. Lisa, maybe on the supply side, you know, you're guiding for a pretty strong growth here. Semi-custom business, Lisa, you want to chime in on the difference between generation to generation?Yeah. It is having them deployed, not just, you know, sort of a set of instances, but ensuring that they get fully built out across all regions in the world, and also adding additional workloads. So, we had originally said last quarter that we thought the second half of the year would be down high-30s, and we were actually down, you know, more than that for the second half of the year and for Q4.And as it relates to mix of cloud versus enterprise for 2020. We began shipping our Ryzen 4000 mobile processors powered by our Zen 2 core at the end of the fourth quarter. And so, basically, for Q4, it looks like semi-custom is probably down 50% sequentially or somewhere around that range.

As far as opex is concerned, you know, our guide for the year is about 28% of the revenue guide that we provided.

And as Lisa said earlier, we're expecting 80% of that in the back-half of the year. Could it be 50% exiting the year?

I would like to highlight some important dates for you.On the afternoon of Thursday, March 5th, we will hold our financial analyst day at our headquarters in Santa Clara, California.

We entered 2020 well positioned to continue gaining share across the PC, gaming and server markets based on having an unmatched portfolio of leadership products, spanning from desktops to laptops, data centers and game consoles. I think the most important thing for us is when we look at, you know, from time of announcement or time of shipment to, you know, how customers actually deploy and trying to shorten that cycle. Is there a way to talk about the mix of 7-nanometer? I want to take a moment to recognize the more than 11,000 AMD-ers around the world, whose focus and determination enabled us to achieve these results. But as I said before, I don’t believe — we’ve been on this steady increase in market share now for the last eight quarters, and we believe we gained share in Q4 as well.So I think what we see is just the portfolio getting a lot stronger.As we go into 2020, I think we are, again, enthusiastic about our products.

Shipments to cloud providers increased sequentially by a significant double-digit percentage to support expanding build-outs at Amazon, Google, Microsoft, Oracle and Tencent. Advanced Micro Devices has generated $0.48 earnings per share over the last year and currently has a price-to-earnings ratio of 158.1.

Because it’s not hard to get a console number, especially in the beginning of a ramp that’s not that far off that number, which doesn’t leave all that much room to ramp the rest of the business. Now, I'd like to turn the call over to Devinder, to provide some additional color on our fourth-quarter and full-year financial performance.Thank you, Lisa, and good afternoon, everyone. This is a live call and will be replayed via webcast on our website. [Operator Instructions]It is now my pleasure to introduce your host, Laura Graves, Corporate Vice President, Investor Relations for AMD. But how should we think about capital structure going forward? We are in the initial stages of planning for the ramp, and you're asking about Q3, Q4.

And the — and for the $400 million — $440 million in cash flow from operations, could — I had a challenge reconciling it. Thanks.Sure.

So, I guess, how do we think about the Q1 gross margins in the context of that? I think — look, we’re investing in consumer graphics.

The desktop products were ahead of that from that standpoint, and that did benefit our margin in the 2019-timeframe.And you are right, the console being negligible revenue in Q1 of 2020, it does benefit, and then the margin is 46%. So I think if you look at it, the predominant factor, if you’re talking about Q1 guide at 46% versus full-year at 45%, it’s just as we wrap those consoles, there are some — yes, there’s some impact of that. [Operator instructions] One moment, please, while we poll for questions. Thank you, and then can you just talk about what your share targets are for the year in PC?

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