超威半导体公司Advanced Micro Devices, Inc. (AMD) 2018年年度报告「NASDAQ」.pdf

1、2018 ANNUAL REPORT ON FORM 10-KMARCH 2019DEAR SHAREHOLDERS:From the industrys first 1GHz CPU to the worlds first GPU delivering a teraflop of computing power,AMD has alwaysstood for pushing the boundaries of what is possible.A few years ago,we made several big bets to accelerate our pace of innovati

2、on,strengthen our execution,and enable AMD to deliver a leadership portfolio of computing and graphicsprocessors capable of increasing our share of the$75 billion high-performance computing market.In 2018,we saw those bets begin to pay off as we delivered our second straight year of greater than 20%

3、annual revenue growth and significantly improved our gross margin and profitability from the previous year.Our newest Ryzen,EPYC and datacenter GPU products contributed more than$1.2 billion of revenue in 2018 and helped us gain share across our priority markets.In 2018,we added 3.9%points of deskto

4、p processor unit share,5.3%points of notebook processor unit share and met our goal of exiting the year with mid-single digit server processor market share.We reached a milestone for the company as our high-margin datacenter CPUs and GPUs accounted for a mid-teens percentage of overall revenue in th

5、e fourth quarter.As a result of our focused execution,I am pleased to report that AMD was the best performing stock in the S&P 500 for 2018 and we delivered our most profitable year since 2011.REVENUE$BillionsGROSS MARGIN%R&D INVESTMENT$BillionsEXPENSE/REVENUE%Added$2.2B in revenueover the last 2 ye

6、arsSignificantly improved gross margin over last 2 years based on new product portfolioIncreased R&D by more than 40%over the last 2 yearsSignificant improvement in OPEX leverage201620172018201620172018201620172018201620172018$4.3B23%$1.01B$1.20B$1.43B34%33%31%34%38%$5.3B$6.5BComputing and Graphics