Advanced Micro Devices (AMD) Update / Briefing June 12, 2025 12:30 PM ET Speaker0 morning. How's everyone doing? It is great to be back here in Silicon Valley with so many friends, press, analysts, partners, and especially all of the developers who are here today. And a big welcome to everyone who's joining online from around the world for our Advancing AI twenty twenty five. Now, it's been an incredibly busy nine months since our last Advancing AI event. We launched lots of new AI data center PC and gaming ...

Financial Data and Key Metrics Changes - The company reported a significant revenue increase from virtually zero in 2023 to $5 billion in 2024 for its MI300 product, marking the fastest ramp of any product in its history [13] - The client business revenue grew by 68% year-over-year in the first quarter, with two-thirds of that growth attributed to average selling price (ASP) increases [48] Business Line Data and Key Metrics Changes - The MI300 and MI325 are AMD's first explicit data center accelerator products, with a strong ramp in AI capabilities over the past year [12][13] - The company is focusing on enhancing its Instinct family, particularly in inference workloads, which have shown significant performance advantages over competitors [21][22] Market Data and Key Metrics Changes - There has been a substantial investment in AI capabilities across the industry, leading to a rationalization phase where businesses are now targeting specific areas for productivity improvements [7][8] - The enterprise market is increasingly adopting AI, with a hybrid model emerging where companies utilize both on-premises and cloud solutions for their AI workloads [29][30] Company Strategy and Development Direction - The company is committed to a fast cadence of new product releases, aiming to maintain leadership in both CPU and GPU markets while focusing on total cost of ownership advantages [16] - The strategy includes enhancing networking capabilities and partnerships to broaden the inference workloads and customer engagements [25][26] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of AI in driving overall demand for computation and the need for businesses to refresh their IT infrastructure to support both traditional and AI workloads [11][52] - There is confidence in margin strength for the second half of the year, driven by a favorable mix in the client and server segments, despite challenges in the data center GPU franchise [51][56] Other Important Information - The company has transitioned to biweekly software releases for its ROCm stack to improve performance and support for the community [35][36] - The acquisition of ZT Systems has strengthened the company's capabilities in RackScale design, enhancing performance and manufacturability [40][41] Q&A Session Summary Question: What are the key problems that customers are trying to solve today? - The focus is on scaling AI capabilities and driving technology forward, with a significant investment in AI infrastructure over the past 12-18 months [7][8] Question: How is the company positioned in the AI market? - The company has seen a strong ramp in its MI300 product and is committed to a fast cadence of new product releases to maintain leadership in AI [12][16] Question: What is the outlook for the enterprise AI adoption? - Enterprises are increasingly adopting a hybrid model for AI, leveraging both on-premises and cloud solutions, particularly in industries like health sciences [29][30] Question: How does the company plan to address software maturity? - The company has focused on hardening its software stack and is now releasing updates biweekly to improve performance and support for the community [35][36] Question: What is driving confidence in margin strength for the second half of the year? - The company anticipates strong growth in commercial PCs and server segments, with a favorable mix contributing to margin improvements [52][56]

• AMD 2025 年第一季度业绩超出预期，收入同比增长 36%至 74 亿美元， 主要得益于数据中心业务（增长 57%）和客户业务（增长 28%）的强劲 表现，以及 Instinct AI 加速器和 CPU 销售额的大幅增长。 • 数据中心业务增长主要由第五代 EPYC 处理器和第四代 EPYC 处理器的持 续需求驱动，超大规模客户需求强劲，多家云服务提供商推出了超过 30 个新的 EPYC 实例。 • 数据中心 AI 业务收入大幅增长，受益于 MI 325X 的出货量增加，超过 35 个 MI 300 系列平台正在所有主要服务提供商生产中，以支持不断增加的 Instinct GPU 部署。 • AMD 完成了对 ZT Systems 的收购，提供基于行业标准的即插即用机架 级 AI 解决方案，加速了超大规模部署和 OEM/ODM 合作伙伴的上市进程， 并与客户共同设计针对 MI 400 系列优化的方案。 • AMD 预计 2025 年实现两位数百分比收入增长，主要驱动力包括 Zen5 架 构 Epyc 处理器市场份额提升、CPU 和 GPU 销量持续上升，以及 Instinct MI350 系列加速器产 ...