Timothy Arcuri's questions to Advanced Micro Devices Inc (AMD) leadership • Q1 2025
Question
Timothy Arcuri sought clarification on the Data Center GPU growth rate in Q1 2025, questioning if 'significant double-digit' was an understatement, and asked about the timing of the remaining revenue impact from the China export ban. He also inquired about the increase in inventory.
Answer
CEO Lisa Su reiterated that Data Center GPU performance was strong and in line with expectations. She clarified that the majority of the $1.5 billion full-year impact from China export controls would be realized in Q2 and Q3, with very little impact in Q4. CFO Jean Hu explained that the inventory build was intentional to support the strong ramp expected for Client and Server products, as well as the second-half Data Center GPU ramp, which has long lead times.