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This may also be a potential confirmation of Milan offering 8 Zen 3 cores within a single CCX. All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments. In November 2018 AMD announced Epyc 2 at their Next Horizon event, the second generation of Epyc processors code-named "Rome" and based on the Zen 2 microarchitecture. AMD announced that EPYC Genoa would be compatible with the new SP5 platform which brings a new socket so SP3 compatibility would exist up till EPYC Milan. [23], In February 2018, AMD also announced the EPYC 3000 series of embedded Zen CPUs. A "P" suffix denotes support for only a single socket configuration. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. [25] It has been noted that there is "less than 200 lines of new kernel code" for Linux kernel support, and that the Dhyana is "mostly a re-branded Zen CPU for the Chinese server market". Investors should not view free cash flow as an alternative to GAAP liquidity measures of cash flows from operating activities. AMD EPYC processors are now being used by, Cloud service providers continued to announce the availability of new instances based on AMD EPYC processors, including. AMD has presented it's latest CPU roadmaps and confirmed that the next-gen Zen 3 based Ryzen & EPYC Milan CPUs will launch by late 2020.

OEM partners continued to launch new AMD-powered notebooks, desktops and Chromebooks, including new HP and Lenovo notebooks and desktops for the. Non-GAAP diluted earnings per share was $0.41 compared to $0.18 a year ago and $0.18 in the prior quarter. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below. Once again, most of the details are something that we already knew and AMD just reaffirmed those.

Diluted earnings per share was $0.32 compared to $0.11 a year ago and $0.13 in the prior quarter. The non-GAAP financial measures disclosed in this earnings press release should be viewed in addition to and not as a substitute for or superior to AMD’s reported results prepared in accordance with GAAP and should be read only in conjunction with AMD’s Consolidated Financial Statements prepared in accordance with GAAP. Also included in this category is stock-based compensation expense. AMD expects non-GAAP gross margin to be approximately 45 percent in the fourth quarter of 2020. AMD has listed Zen 3 as 7nm (previously referred to as 7nm+) since it caused confusion as many thought it was AMD referring to TSMC's 7nm EUV node but the company has stated that they've not unveiled the process node officially as of yet and will do so at a later date. AMD says that EPYC Milan, the follow-on to the EPYC Rome chips, will arrive on time by the end of 2020. [12] Epyc was generally found to outperform Intel CPUs in cases where the cores could work independently, such as in high-performance computing and big-data applications. Some rumors have even pointed to a 17% increase in IPC and a 50% increase in Zen 3's floating-point operations along with a major cache redesign. In addition, the Company presents Adjusted EBITDA because it believes this measure assists investors in comparing its performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of income or GAAP liquidity measures of cash flows from operating, investing and financing activities. [2] That June, AMD officially launched Epyc by releasing the Epyc 7001 series processors. The year-over-year increase is expected to be primarily driven by the ramp of new Ryzen, EPYC and semi-custom products and growing customer momentum. The Enterprise, Embedded and Semi-Custom segment, which primarily includes server and embedded processors, semi-custom System-on-Chip (SoC) products, development services and technology for game consoles. The Company calculates and presents Adjusted EBITDA because management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. Revenue was higher year-over-year and quarter-over-quarter due to higher semi-custom product sales and increased EPYC processor sales. Non-P models use 64 PCI-E lanes from each processor for the communication between processors. Based on a 7nm process node, the new Zen 3 based CPU families are going to deliver a huge leap in performance per watt and IPC gains. The Company’s calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. The year-over-year and quarter-over-quarter increases were driven by higher Ryzen revenue. For the fourth quarter of 2020, AMD expects revenue to be approximately $3.0 billion, plus or minus $100 million, an increase of approximately 41 percent year-over-year and 7 percent sequentially. [22], At the HPC-AI Advisory Council in the United Kingdom in October 2019, AMD stated specifications for Milan, Epyc chips based on the Zen 3 microarchitecture. AMD defines 1 kilobyte (KB) as 1024 bytes, and 1 megabyte (MB) as 1024 kilobytes. These items are defined in the footnotes to the selected corporate data tables provided at the end of this earnings press release. Epyc is a brand of x86-64 microprocessors designed and sold by AMD, based on the company's Zen microarchitecture. The webcast will be available for 12 months after the conference call. The AMD EPYC Milan processors would succeed the current EPYC Rome lineup. This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as AMD’s ability to continue to deliver best-in-class growth and extend its leadership product portfolio; the features, functionality, performance, availability, timing and expected benefits of AMD products; and AMD’s expected fourth quarter of 2020 outlook including, revenue and non-GAAP gross margin and expected drivers, based on current expectations, global economic backdrop and customer demand signals, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. AMD will release Ryzen 4000, Ryzen Threadripper 4000 and Epyc Milan processors this year The most anticipated CPU among users is, of course, the Ryzen 4000 (codename Vermeer). [21] The 7 nm "Rome" is manufactured by TSMC. Gross margin was 44 percent, up 1 percentage point year-over-year and flat quarter-over-quarter. AMD now expects 2020 revenue to grow by approximately 41 percent compared to 2019, up from prior guidance of 32 percent. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations.

The fundamental change for the EPYC Milan lineup would be the new Zen 3 core architecture which will be based upon an advanced 7nm process node. [25][26] It is noted to be a variant of the AMD EPYC, and is so similar that "there is little to no differentiation between the chips". AMD (NASDAQ: AMD) Shares Soar as Goldman Sachs Adds the Chipmaker To Its Conviction List on the Back of “Multi-Year Share Gain and Margin Expansion Story”. For fiscal 2020, AMD uses a projected non-GAAP tax rate, which excludes the direct tax impacts of pre-tax non-GAAP adjustments, of approximately 3%, reflecting currently available information. Since DDR5 comes with Zen 4, it is possible that AMD's Ryzen and Threadripper lines would also feature support for the new memory interface. [23] It also announced plans for the subsequent generation of chips, codenamed Genoa, that will be based on the Zen 4 microarchitecture and use Socket SP5.