AMD posts impressive financial results – expects further growth in Q2
AMD posts impressive financial results – expects further growth in Q2
Since Q1 2017 AMD has went from making a $33 million loss to generating $81 million in profit, a boost of $114 million. This growth is primarily driven by AMD’s Computing and Graphics unit, which has earned $1.12 billion, an increase of 95% year over year thanks to strong Ryzen and Radeon sales. AMD’s gross margin has also increased by 4% from 32% to 36%, improving profitability.
Moving forward, AMD expects to see a 50% boost revenue boost in their Q2 financials YoY, expecting revenue of $1.725 billion plus or minus $50 million with a gross margin of 37%, a staggering increase for AMD.
In this quarter AMD has released their new Ryzen 2nd Generation processors and their Raven Ridge series of desktop APUs with Ryzen cores and Vega graphics, both of which are highly competitive offerings. AMD has also increased their market share in the enterprise market with EPYC, re-establishing their name in the market.
AMD expects strong sales in Q2, with Ryzen finding more acceptance within the PC market, with AMD expecting more sales from both Raven Ridge and Ryzen as more OEM system hit the market.
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