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CLAIM #5182 · Advanced Micro Devices Inc (AMD) · 2023Q3 earnings call · Oct 31, 2023 · due Dec 31, 2024

So we have to get through sort of the next couple of quarters of inventory correction, and then we believe we'll return to growth in the second half of the year.

Lisa Su · CEO

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versus commitment · official band 5 percent
Committed
we believe we'll return to growth in the second half of the year
Reported
strong double-digit percentage increase in EPYC CPU sales

In context

an in other geographies. The other end markets are actually relatively good. And what we just see is that inventory is high, just given where we were with lead times coming into the sort of through the pandemic and with the high demand that was out there. As the lead times have normalized, people are drawing down their inventories and they have an opportunity to do that, given the normalization. So from an overall standpoint, we think demand is solid. And what we view is that we have a very strong portfolio in Embedded. We like sort of the combination of the, let's call it, the classic Xilinx portfolio together with the Embedded processing capabilities that we add. Customers have seen sort of that portfolio come together, and we've gotten some nice design win traction as a result of that. So we have to get through sort of the next couple of quarters of inventory correction, and then we believe we'll return to growth in the second half of the year. Blayne Curtis: Thanks. And then, I just wanted to ask on the PC market. I think you and Intel have seen -- you were under-shipping in the first half. Maybe you're kind of over-shipping a little bit now, restocking. I'm just kind of curious to your perspective of what that normalized run rate is in terms of the size of the PC market and kind of any perspective if inventory levels are starting to move back up. Lisa Su: Yeah. I would say, again, Blayne, when we looked at sort of the third quarter and sort of the environment that we’re in now, I think inventory levels are relatively normalized, and so the selling and consumption are fairly close. We were building up for a holiday season that is a strong season for us overall. When I think about the size of the market, I think from a consumpti

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SEC filings for AMD · Claim quote is verbatim from the 2023Q3 earnings call.