Advanced Micro Devices Technology Leadership Forum 2026
Review the key takeaways and the transcript of this earnings call.
Transcript
Preview the first fifteen paragraphs, organized by speaker.
Great. Good morning, everybody. I'm John Vinh with KeyBanc Capital Markets. I cover semis here. We're pleased to have AMD with us this morning and pleased to have Matt Ramsay, Corporate Vice President of Financial Strategy and Investor Relations.
Welcome, Matt. Thank you, John, and thank you for all your colleagues at KeyBank hosting us.
I live in Atlanta, so we got a little bit of warm weather here too, but the humidity is, I think, a factor of six below where I'm used to, so this is great. Thank you guys for having us.
Great. Maybe where we could start off our conversation, Matt, is server CPU sounds like it's on fire for you guys. I think you talked about 80% growth in the second half, 70% revenue growth next year, and you talked about having secured enough capacity to support that growth and potentially even upside to that number. Maybe you can talk through what's been the primary constraint that you've had to work on to secure that sort of capacity. For the upside to the 70% number, I've got to imagine you've got a lot more demand than that. What needs to happen in order for you to be able to raise that number going forward?
Thank you for the question, John. It is a remarkable time in the server CPU market. I know there was a couple of years where the server market maybe grew a little bit less than it had historically as CapEx quickly shifted towards AI systems. We've always, at AMD, had the belief that server CPUs were going to, and CPUs in general, were of paramount importance across our business and have been investing in multiple generations of CPU architecture over a very long period of time. We're just about to launch our 2 nanometer Venice CPUs. We're sampling them to everyone today. They're going to ship in our Helios AI racks, and the family of Venice CPUs are going to ship broadly across all of our server markets.
What has happened in the last 9 months is absolutely phenomenal in the server market. I think maybe I can describe a little bit about that big picture, then we can get to some of your supply chain-oriented questions. What we have seen over the last 6 or 9 months is, I think, many of this audience and many in the industry have been waiting to see when the dominance of AI spend around AI training of large models was eventually going to shift towards being much more heavily on inference.
Call participants
2 people spoke on this call — only 1 are shown here.
PARTICIPANT LIST
View participant details in StockNow.
Log in to see executives and analysts, their roles, and complete speaking history.
Log in to view all participantsKeep exploring