AMD Raises 2021 Revenue Guidance 13 Points Despite Chips Shortage
Advanced Micro Devices upgraded its 2021 revenue guidance by 13 points, despite semiconductor industry supply constraints, because it started the year “very strong” and sees that “carrying through to the second half,” said CEO Lisa Su on a Q1 call…
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Tuesday. AMD now expects 50% revenue growth for the year to $14.6 billion, compared with 37% growth to $13.4 billion in its Jan. 26 forecast. AMD emerged from Q1 with “very strong visibility from our customers on what they need throughout the year,” said Su. Adoption of its Ryzen 5000 series processors for notebook PCs is ramping up 50% faster than that of the previous generation, she said: “We see good customer ordering patterns and strong backlog.” Though the supply chain “has been tight overall for the semiconductor industry,” AMD is working very closely with its supply chain partners to gain “good visibility to additional supply as we go throughout the year,” she said. Amid the “tightness overall in the supply chain,” AMD customers are “wanting to be clearer and more transparent about their needs,” said Su. “That’s very helpful for us in a tight environment. It gives us the ability to plan several quarters out.” That gives AMD “confidence that we have the right signals in place,” she said.