Su Zifeng: AMD’s revenue growth will reach 20% over the next four years

At yesterday’s meeting of financial analysts, AMD CEO Su Zifeng noted that AMD’s revenue growth will reach 20% over the next four years and its profitability will increase. In the fourth quarter of 2019, AMD’s revenue reached $2.13 billion, up 50% year-on-year, and net profit of $170 million was up 347 percent year-on-year.

Su Zifeng: AMD's revenue growth will reach 20% over the next four years

In anticipation of the first quarter of 2020, Mr Su said revenue forecasts for the current quarter would be $1.75-$1.85 bn, with growth at around 40 per cent. Revenue growth for the entire 2020 year is expected to remain at 28-30%.

Mr Su stressed that AMD is stronger and more business-like than it was five years ago. The PC supply chain is rapidly returning to normal levels, and AMD suppliers in China and Malaysia are back to full production levels.

AMD’s total revenue reached $6.48 billion in 2019. Under Mr Su’s plan, growth of 20 per cent a year would total revenues of more than $13bn by 2023, double the current figure.

AMD currently has a 17% share of the CPU market and a 31% share of the discrete graphics card market. If market share can grow by 100%, AMD’s share of the CPU market will exceed 30% in 2013, and the GPU market will return to the same situation as NVIDIA.