AMD has just released its financial results for the first quarter of 2018. Everything is green even exceeding analysts’ forecasts. Its turnover is up 40%. It is $1.65 billion.
This dynamism is explained by sustained sales of its Ryzen processors and Radeon graphics solutions. They allow the firm to sign an increase of 23% compared to last quarter 2017 and 40% compared to the same period the previous year.
With a turnover of 1.65 billion dollars, AMD announces a net profit of 81 million dollars. Ryzen alone is a vital driving force, accounting for 60% of sales. At his side, we find other products like Radeon and EPYC. The situation should typically continue knowing that this Ryzen processor range is now enjoying a new generation. Also, there is a strategy partly focused on Research and Development. The amount allocated increased from $266 million to $343 million.
AMD, first quarter 2018 financial results
AMD, the “Computing, and Graphics” branch is growing strongly
During this presentation, Lisa Su wished to reassure the market concerning the euphoria around the cryptocurrency. Although it is allowed a very substantial increase in graphics card prices, cryptomarket/blockchain revenues represent only 10% of AMD’s gross receipts. The remark is critical because a big break is observed on this market.
It should be noted, however, that AMD’s Computing and Graphics branch still jumped 95% year-on-year. The Radeon and Ryzen chips together get $1.12 billion.
Looking to the future, AMD remains optimistic with continued growth. The second quarter of 2018 should confirm if not improve this balance sheet. The year 2018 should allow AMD to increase its turnover by 50% to reach 1.7 billion.