Stacy Rasgon's questions to Advanced Micro Devices Inc (AMD) leadership • Q1 2025
Question
Stacy Rasgon questioned whether AMD's Data Center GPU business could achieve year-over-year growth in Q2 and Q3 of 2025, considering the stated headwinds from China. He also sought to confirm if the server CPU business grew sequentially in Q1, which would be above typical seasonality.
Answer
CEO Lisa Su stated that the Data Center GPU business will not grow year-over-year in Q2 due to the $700 million China headwind, but she expects it will return to year-over-year growth in Q3 and Q4 to achieve strong double-digit growth for the full year. CFO Jean Hu clarified the Q1 Data Center segment performance, noting the overall segment declined 5% sequentially, with both server CPU and data center GPU revenues declining sequentially, correcting the premise of the question.