Anyone that has been following AMD earning reports knows that AMD started out 2021 with a gross-margin of 46% in Q1 and has been expanding the gross-margin steadily throughout the year to end with 49.5% in Q4 as guided by the management in Q3 earning report. That is almost a 4 point of gross-margin expansion, from start to end of the year. This expansion of gross-margin is the result of having a richer mix of products and a continue operating efficiency improvement. Thus, we shall see this trend continue into 2022 as AMD continue to pick up market share in server CPU and GPU segments, where the gross-margin are the highest. This is without including the gross-margin from the new revenue stream of GPU IP licensing fee to be collected from Samsung for the Exynos 2200 SoC, which will be ~100%.
Once this is factored in, we can see that the gross-margin for 2022 can be expanded even further. If we take the mid-point, a conservative annual gross-margin for 2022 would be 52%. This is what I am predicting at least. We shall find out soon when AMD report Q4 result and give guidance for 2022 in late January.$AMD(AMD)$
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
关注我们