AMD announces its projected earnings for the years beyond 2023

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AMD is known for its processor and graphic units. This current year has seen ways of changes this year. The semiconductor market has been developing the latest technology to offer high-performance devices in the market. We already know about Advanced Micro Devices that the company acquired its rival Xilinx earlier this year.

But by acquiring Xilinx, it is hoping to expand its silicon footprint. Analysts claim that the deal will allow the company to target the growing artificial intelligence, data centre, and 5G segments.

At the company’s Form S4, it announced a new Projection for its products. The projections provide estimates for the company’s internal revenue growth rate for the years beyond the fiscal year 2023. The projection is actually a big deal because it allows for the comparison of the company’s growth expectations. The data might evolve and gives us a milestone that AMD has set for itself.

AMD claimed that it predicts a compound annual growth rate (CAGR) of 20% for the next five years. AMD’s revenues for the years, assuming a flat 20% year-over-year growth, turn out as:

Revenue

($ Millions)

2019

(Actual)

 

2020

 

2021

 

2022

 

2023

 

2024

 

2025

Analyst Day CAGR of 20% applied evenly:  

 

6,731

 

 

8,683

 

 

10,420

 

 

12,504

 

 

15,005

 

 

 

 

Form S4 filed on Friday, December 4, 2020:  

 

6,731

 

 

9,319

 

 

11,500

 

 

14,000

 

 

17,000

 

 

19,550

 

 

22,000

Growth rate implied by S4:  

 

 

 

38%

 

 

23%

 

 

22%

 

 

21%

 

 

15%

 

 

13%

 

For the first time in nine months of 2020, AMD’s revenue stands at $6,519 million. The results show that the company has nearly met last year’s figure with a full quarter to spare. But it also marked 31% year-over-year growth for the quarter.

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