bittermann
Well-known member
AMD announced excellent second-quarter earnings for 2018 as the company’s overall position continues to strengthen. Overall revenue was $1.76B compared with $1.15B for the same period in 2017, up 1.53x year-on-year. Sales also improved by 7 percent compared with Q1 2018, and gross margin for the quarter was 37 percent, compared with 34 percent in Q2 2017. Net income for the quarter was $116M.
“We had an outstanding second quarter with strong revenue growth, margin expansion and our highest quarterly net income in seven years,” said Dr. Lisa Su, AMD president and CEO. “Most importantly, we believe our long-term technology bets position us very well for the future. We are confident that with the continued execution of our product roadmaps, we are on an excellent trajectory to drive market share gains and profitable growth.”
Higher revenue for the year on year period was driven by stronger sales across all of AMD’s business segments, while the sequential increase was driven by higher revenue in the Enterprise, Embedded, and Semi-Custom segment. Overall GPU revenue fell by four percent according to Patrick Moorhead, which isn’t much considering the decline in cryptocurrency shipments over the same period.
https://www.extremetech.com/computing/274242-amd-crushes-q2-2018-earnings-as-ryzen-epyc-sales-strengthen