Watch CNBC's full interview with AMD CEO Lisa Su on earnings, outlook and more

Advanced Micro Devices President and CEO Lisa Su joins CNBC's "Squawk on the Street" team to talk about the company's quarterly earnings results and its guidance for the rest of the year.

AMD shares fell as much as 4% after the company reported fiscal fourth-quarter earnings that slightly beat analysts’ estimates on Tuesday, but offered a light revenue forecast for the current quarter.

Here’s how the company did:

Earnings: Excluding certain items, 32 cents per share, vs. 31 cents per share as expected by analysts, according to Refinitiv.
Revenue: $2.13 billion, vs. $2.11 billion as expected by analysts, according to Refinitiv.
AMD’s revenue grew 50% on an annualized basis in the quarter that ended on December 28, according to a statement. Revenue growth for the 2019 fiscal year, at $6.73 billion, was up 4%.

Revenue from AMD’s Computing and Graphics segment, including graphics cards and PC chips, totaled $1.66 billion, up almost 69% year over year and over the $1.50 billion consensus among analysts surveyed by FactSet.

The Enterprise, Embedded and Semi-Custom segment, including chips for servers and customized chips, contributed $465 million in revenue, up 7% and below than the FactSet consensus estimate of $604 million.

In the quarter AMD released new Ryzen PC chips featuring tiny 7-nanometer transistors and Radeon gaming graphics cards. Also in the quarter Microsoft unveiled a 15-inch Surface Laptop 3 featuring a custom AMD chip.

Mizuho analysts Vijay Rakesh and Jason Getz raised their rating on AMD stock to buy from neutral on January 8. They said they think in 2020 and 2021 capital expenditures will pick up at companies that run large data centers in the U.S. and China, which could help AMD and to some extent Intel, which leads the server chip market. They believe AMD could take share from Intel in the second half of 2020.

“We’ve been on the steady increase in market share now for the last eight quarters, and we believe we gained share in Q4 as well,” AMD CEO Lisa Su said regarding the PC chip business on a conference call with analysts on Tuesday.

With respect to guidance, AMD is calling for quarterly revenue of $1.8 billion, plus or minus $50 million, implying roughly 42% annualized growth, and a gross margin of 46%, excluding certain items. In giving the guidance AMD pointed to growth from its Ryzen, Epyc and Radeon product lines. The revenue forecast was below the $1.86 billion Refinitiv revenue consensus.

For the 2020 fiscal year AMD sees 28% to 30% revenue growth and a 45% gross margin, excluding certain items. Analysts polled by Refinitiv had expected $8.59 billion in full-year revenue, which implies about 24% growth.

Su said supplies of silicon wafers are tight. It’s important that AMD stay in communication with its customers, and that’s what the company is trying to do, she said.

AMD shares are up 10% since the start of 2020.

[miguelpereira]

Lisa Su is a great leader, high energy, confident, smart as hell and knows the industry she operates in and has a clear vision

[AdamSmith-gsdv]

Lisa Su needs to be somewhere on the "best CEO list". She managed to turn around a company that almost went bankrupt without help from the government something very few people can do. Also Ryzen really shook up the desktop CPU space so much so Intel stopped offering 4c 8t as their "flagship" product

[EasyWealthBuilding]

Jim loves Lisa Su and so do I! AMD deserve a lot more, price wise.

[SallyPhnouk]

Lisa Su is incredible at handling the criticism with facts and data. That speaks highly of her leadership. She's committed to delivering great products for consumers and businesses and is strategic on growing for the long run. 2020 will be a phenomenal year for AMD!

[klym]

What she said by track record is on point. AMD was known for underperforming and over promising. So consumers steered cleared from them. Now she’s building reputation and that is key in the long run.

[Torjus_]

Watching this on my 3700X, first AMD Cpu. Built a PC for my brother around last gen Ryzen too. Feels great to give my money to Lisa and AMD rather than Intel.

[ZAR]

Should've bought AMD shares back when it was just 2 USD,

Damn WeWork ain't work at all

[joshwallace]

One of the hottest CEO's in the world right now. Really turning AMD right now

[TheVoiceTalk]

Jim please, the fact that AMD deleveraged in a good thing not a bad thing. Were used to corporations that have tons of debt but really more debt = more risk by definition!

[alibizzle]

AMD is taking on Intel, they would be foolish to start thinking short term at the first signs of sustained success

[Ginsengstar]

AMD got up like Rocky Balboa in the 12th round, Intel became complacent

[MnPower]

Something about Mrs. Lisa that is making me buy AMD. She seems so sincere and clear.

[navbtactual]

My friend got an i5 9600K, not a bad processor, but can he put an i9 in his computer later on? No, because Intel makes their motherboards outdated faster than I nut.

Sure on AM4 -is no longer getting new processors- the 4000 series will be the last, but I can Put a Ryzen 9 4950X in mine whenever it comes to market. I have the cooling already so I'm set for the future.


Edit: Je suis big bad lel

[sachinmodi]

Great going AMD and Lisa done outstanding, his leadership, vision, technology breakthrough. i am on AMD platform

[duckmasterflex]

Lisa is a badass that took the biggest underdog and made it beat team blue. Not a small feat. Proof that political power can be destroyed by pure innovation. A track record of execution.

[stevenanderson]

I love AMD when it comes to open source also.

[GeorgeKizzle]

They make good products at a reasonable price. I'm building my first pc and it's amd all the way.

[sidewinderify]

AMD 4000-serie will be epic. My B450 is ready! 4600X.

[williamli]

How dare CNBC actors treat Lisa Su like that. She is a gold mine! Greatest CEO ever for my pocketbook.

[johnnyxp]

i made a good amount of cash with AMD stock! thanks a lot. AMD is killing the competition...oh wait... there is no competition especially on the datacenter...😁🤣