AMD CEO Lisa Su: We did the prudent thing & did not forecast China revenue, licenses are in process

Financial Performance & Growth - AMD achieved 32% year-over-year growth in the second quarter [3] - The company is guiding for a very strong second half of the year [3] - AMD anticipates 28% year-on-year growth for the coming quarter and 13% sequentially [5] AI Business & Market Opportunity - AMD sees a clear path to scaling its AI business to tens of billions of dollars in annual revenue [5] - The company believes the AI market will be a $500 billion+ market over the next few years [8] - AMD is on an annual cadence of new AI products, highlighting the rapid pace of innovation in AI [10] Data Center Business - AMD's data center business is performing extremely well and is a main driver of growth [12][13] - The company expects double-digit sequential growth in its data center business [14] - AMD sees an inflection point in data center revenue as it enters the third quarter [13] China Market & Licensing - Licenses for AI chip proliferation in China are in process and under review with the US administration [5] - AMD did not forecast China revenue in the third quarter due to the licenses being in process [5] Product Portfolio - AMD launched its MI350 series, which it considers very competitive [10] - The company is developing the MI400 series, expected to be very competitive in 2026 [10]