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Advanced Micro Devices (AMD)

For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible.

Company profile

Ticker
AMD
Exchange
Website
CEO
Lisa Su
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
AMD Corporation • HiAlgo Inc. • AMD Advanced Research LLC • AMD (EMEA) LTD. • AMD Far East Ltd. • AMD International • AMD Latin America Ltd. • SeaMicro, Inc. • Thrones Merger Sub, Inc. • ATI International ...
IRS number
941692300

AMD stock data

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Aug 22 Forrest Eugene Norrod Common Stock Payment of exercise Dispose F No No 95.54 4,801 458.69K 231,217
9 Aug 22 Forrest Eugene Norrod Common Stock Option exercise Acquire M No No 0 12,196 0 236,018
9 Aug 22 Forrest Eugene Norrod Stock Option Grant Common Stock Grant Acquire A No No 95.54 29,951 2.86M 29,951
9 Aug 22 Forrest Eugene Norrod RSU Award Common Stock Grant Acquire A No No 0 13,903 0 13,903
9 Aug 22 Forrest Eugene Norrod PRSU Award Common Stock Grant Acquire A No No 0 27,806 0 27,806
9 Aug 22 Forrest Eugene Norrod RSU Common Stock Option exercise Dispose M No No 0 2,957 0 5,917
9 Aug 22 Forrest Eugene Norrod RSU Common Stock Option exercise Dispose M No No 0 3,294 0 3,294
9 Aug 22 Forrest Eugene Norrod RSU Common Stock Option exercise Dispose M No No 0 5,945 0 0
9 Aug 22 Devinder Kumar Common Stock Payment of exercise Dispose F No No 95.54 6,331 604.86K 510,804
9 Aug 22 Devinder Kumar Common Stock Option exercise Acquire M No No 0 12,765 0 517,135
68.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1787 1642 +8.8%
Opened positions 349 381 -8.4%
Closed positions 204 116 +75.9%
Increased positions 1006 570 +76.5%
Reduced positions 310 522 -40.6%
13F shares Current Prev Q Change
Total value 117.37B 121.24B -3.2%
Total shares 1.11B 884.28M +25.5%
Total puts 98.57M 102.41M -3.8%
Total calls 66.1M 65.47M +1.0%
Total put/call ratio 1.5 1.6 -4.7%
Largest owners Shares Value Change
Vanguard 133.53M $14.6B +36.9%
BLK Blackrock 119.57M $13.07B +34.6%
STT State Street 65.58M $7.17B +37.5%
Mubadala Investment Co PJSC 53.7M $1.72B 0.0%
TROW T. Rowe Price 53.24M $5.82B +32.4%
FMR 45.78M $5.01B +15.2%
JPM JPMorgan Chase & Co. 39.29M $4.3B +1.4%
Geode Capital Management 27.63M $3.01B +39.0%
Fisher Asset Management 24.39M $2.67B +22.2%
Wellington Management 17.64M $1.93B -20.8%
Largest transactions Shares Bought/sold Change
Vanguard 133.53M +36.02M +36.9%
BLK Blackrock 119.57M +30.73M +34.6%
Capital World Investors 2.58M -27.96M -91.5%
STT State Street 65.58M +17.9M +37.5%
TROW T. Rowe Price 53.24M +13.04M +32.4%
Alliancebernstein 12.78M +10.03M +364.7%
Norges Bank 0 -9.89M EXIT
Nuveen Asset Management 13.73M +7.95M +137.7%
Geode Capital Management 27.63M +7.75M +39.0%
Renaissance Technologies 7.11M +7.11M NEW

Financial report summary

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Risks
  • Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit our ability to compete effectively on a level playing field.
  • Global economic and market uncertainty may adversely impact our business and operating results.
  • The loss of a significant customer may have a material adverse effect on us.
  • The ongoing novel coronavirus (COVID-19) pandemic could materially adversely affect our business, financial condition and results of operations.
  • The markets in which our products are sold are highly competitive.
  • The demand for our products depends in part on the market conditions in the industries into which they are sold. Fluctuations in demand for our products or a market decline in any of these industries could have a material adverse effect on our results of operations.
  • The semiconductor industry is highly cyclical and has experienced severe downturns that have materially adversely affected, and may continue to materially adversely affect, our business in the future.
  • Our operating results are subject to quarterly and seasonal sales patterns.
  • If we cannot adequately protect our technology or other intellectual property in the United States and abroad, through patents, copyrights, trade secrets, trademarks and other measures, we may lose a competitive advantage and incur significant expenses.
  • Unfavorable currency exchange rate fluctuations could adversely affect us.
  • We rely on third parties to manufacture our products, and if they are unable to do so on a timely basis in sufficient quantities and using competitive technologies, our business could be materially adversely affected.
  • If essential equipment, materials, substrates or manufacturing processes are not available to manufacture our products, we could be materially adversely affected.
  • Failure to achieve expected manufacturing yields for our products could negatively impact our financial results.
  • The success of our business is dependent upon our ability to introduce products on a timely basis with features and performance levels that provide value to our customers while supporting and coinciding with significant industry transitions.
  • Our revenue from our semi-custom SoC products is dependent upon our semi-custom SoC products being incorporated into customers’ products and the success of those products.
  • Our products may be subject to security vulnerabilities that could have a material adverse effect on us.
  • IT outages, data loss, data breaches and cyber-attacks could compromise our intellectual property or other sensitive information, be costly to remediate or cause significant damage to our business, reputation and operations.
  • We may encounter difficulties in upgrading and operating our new enterprise resource planning system, which could materially adversely affect us.
  • Uncertainties involving the ordering and shipment of our products could materially adversely affect us.
  • Our ability to design and introduce new products in a timely manner is dependent upon third-party intellectual property.
  • We depend on third-party companies for the design, manufacture and supply of motherboards, software, memory and other computer platform components to support our business and products.
  • If we lose Microsoft Corporation’s support for our products or other software vendors do not design and develop software to run on our products, our ability to sell our products could be materially adversely affected.
  • Our reliance on third-party distributors and AIB partners subjects us to certain risks.
  • Our business is dependent upon the proper functioning of our internal business processes and information systems and modification or interruption of such systems may disrupt our business, processes and internal controls.
  • If our products are not compatible with some or all industry-standard software and hardware, we could be materially adversely affected.
  • Costs related to defective products could have a material adverse effect on us.
  • If we fail to maintain the efficiency of our supply chain as we respond to changes in customer demand for our products, our business could be materially adversely affected.
  • We outsource to third parties certain supply-chain logistics functions, including portions of our product distribution, transportation management and information technology support services.
  • Our inability to effectively control the sales of our products on the gray market could have a material adverse effect on us.
  • Government actions and regulations such as export administration regulations, tariffs, and trade protection measures may limit our ability to export our products to certain customers.
  • If we cannot realize our deferred tax assets, our results of operations could be adversely affected.
  • Our business is subject to potential tax liabilities, and exposure to greater-than-anticipated income tax liabilities as a result of changes in tax rules and regulations, changes in interpretation of tax rules and regulations, or unfavorable assessments from tax audits, any of which could affect our effective tax rates, financial condition, and results of operations
  • We are party to litigation and may become a party to other claims or litigation that could cause us to incur substantial costs or pay substantial damages or prohibit us from selling our products.
  • We are subject to environmental laws, conflict minerals-related provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act as well as a variety of other laws or regulations that could result in additional costs and liabilities.
  • Acquisitions, joint ventures and/or investments, including our acquisitions of Xilinx and Pensando, and the failure to integrate acquired businesses, could disrupt our business and/or dilute or adversely affect the price of our common stock.
  • Any impairment of our tangible, definite-lived intangible or indefinite-lived intangible assets, including goodwill, may adversely impact our financial position and results of operations.
  • The agreements governing our notes, our guarantees of the Assumed Xilinx Notes, and our Revolving Credit Agreement impose restrictions on us that may adversely affect our ability to operate our business.
  • Our indebtedness could adversely affect our financial position and prevent us from implementing our strategy or fulfilling our contractual obligations.
  • We may not be able to generate sufficient cash to meet our working capital requirements. Also, if we cannot generate sufficient revenue and operating cash flow, we may face a cash shortfall and be unable to make all of our planned investments in research and development or other strategic investments.
  • Our worldwide operations are subject to political, legal and economic risks and natural disasters, which could have a material adverse effect on us.
  • We may incur future impairments of goodwill and technology license purchases.
  • Our inability to continue to attract and retain qualified personnel may hinder our business.
  • Our stock price is subject to volatility.
  • Worldwide political conditions may adversely affect demand for our products.
Management Discussion
  • During the second quarter of fiscal year 2022, we changed our reporting segments to align our financial reporting with the manner in which we manage our business in strategic end markets. This is consistent with the revised manner in which our CODM assesses our financial performance and allocates resources. As a result, we report our financial performance based on the following four reportable segments: Data Center, Client, Gaming, and Embedded. Additional information on our reportable segments is contained in Note 4—Segment Reporting of the Notes to Condensed Consolidated Financial Statements (Part I, Financial Information of this Form 10-Q). All prior-period segment data have been retrospectively adjusted.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: assigned, ASUSTeK, cache, Chrome, comprised, Deutschland, GmbH, Hamburg, HP, Internet, IoT, kit, Kria, line, Loan, machine, Munich, newly, optimized, OS, reassigned, redeem, Starter, unpaid, vision
Removed: approval, circuitry, contemplated, customarily, demanding, improved, injunctive, interconnect, LIBOR, Link, LLC, Merger, PCI, prejudice, simulated, sublimit, subsidiary, swingline, syndicate, treasury