cageymaru
Fully [H]
- Joined
- Apr 10, 2003
- Messages
- 22,391
AMD has released their financial results for the second quarter 2018 and they are impressive! Revenue was $1.76 billion; a 53 percent increase year-over-year and up 7 percent quarter-over-quarter. This was driven by the Embedded and Semi-Custom business in addition to the Computing and Graphics and Enterprise. Operating income was $153 million compared to an operating loss of $1 million a year ago based on GAAP. Net income rose to $116 million compared to the loss of $42 million a year ago and continues the rising trend of $81 million from the previous quarter. The Computing and Graphics segment was driven by the sales of Ryzen and Radeon products. The decline of the blockchain market led to 3% quarter-over-quarter lower revenue from the sale of GPUs to that market. Last of note in the financial results was the increase in GPU sales to datacenters. The AMD analysis is found here.
"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."
"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."