AMD published its financial results for the second quarter of 2018, exceeding first-quarter expectations with revenues of $1.76 billion, an increase of more than $110 million over the first quarter.
AMD achieves best economic results in a long time
This significant increase occurred despite recent declines in sales of Radeon graphics for crypto mining, demonstrating the strength of AMD’s entire product range, including Ryzen processors, and growth in the enterprise markets. Since the second quarter of 2017, AMD has grown from a loss of 42 million to a profit of 116 million, an increase of 154 million.
This growth was driven primarily by AMD’s Computing and Graphics segment, which recorded a 64% year-on-year increase in revenues, although revenues in the Enterprise, Embedded and Semi-Custom segments also grew 37% year-on-year.
AMD’s Computing and Graphics segment reported a 3% decline in sales this quarter compared to the first quarter, although this change is mainly due to lower graphics card sales and the decision to lower prices for Ryzen processors in recent quarters. The AMD Ryzen 7 1800X was introduced at a price of $499, while its successor, the Ryzen 7 2700X, was sold for $299. This price decline was made possible by the reduction in production costs.
AMD expects revenues of approximately $1.7 billion for the third quarter of 2018, an increase of 38% gross margin. Undoubtedly good news for all users, as it once again confirms that AMD is back on track for success.