On April 27th, US local time, AMD will release its financial report for the first quarter of this year. Investors and analysts will focus on AMD’s CPU and GPU average selling price (ASP) and shipment data, as well as the second quarter outlook. .
Many analysts previously believed that PC shipments in 2021 would decline year-on-year, but the market’s reaction was exactly the opposite. Although each analysis agency had different data on PC shipments in the first quarter of this year, for example, Gartner estimated that the world’s first quarter PC shipments increased by 35% year-on-year, but the figure given by Canalys was 56%, but the substantial increase is certain. Therefore, AMD, as a major chip manufacturer for PCs, has relatively optimistic performance in the first quarter.
Gartner and Canalys' historical statistics on global PC shipment estimates
In this financial report, investors and analysts will see the first quarter sales of AMD's Ryzen 5000 series desktop CPUs and 6000 series GPUs. The two products have been out of stock since they went on the market in mass production.
In addition, AMD’s enterprise/embedded and semi-custom (EESC) business growth trend is also obvious; in the data center, AMD strives to find large customers for its EPYC servers (such as cooperation with Amazon), and spares no effort to promote EPYC Milan processors .
AMD quarterly revenue history graph
Currently 28 Wall Street analysts expect AMD's revenue in the first quarter of this year to be approximately US$3.21 billion, a year-on-year increase of 79.4%.
Wall Street analysts estimated three possibilities based on AMD's ASP and shipments in the first quarter (considering the increase in data center processor prices, the possibility of simultaneous decline in ASP and shipments has been ruled out):
1. Shipment growth has slowed, but its ASP growth has accelerated, which indicates that AMD's chip supply is restricted and its customers have only paid additional fees to obtain limited inventory;
Second, if AMD’s shipments and ASPs both grow, it will prove that consumers have a great demand for its latest products, and its customers are willing to spend high prices on the latest and most advanced AMD hardware, and the financial momentum is good;
Third, if AMD’s shipment growth accelerates but its ASP growth decelerates, it means that the company is meeting growing customer demand, but it cannot make good use of this dynamic demand.