AMD releases their Q2 2017 financial results
AMD releases their Q2 2017 financial results
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AMD has released their Q2 financials, showcasing positive growth that has surpassed the expectations of both the financial industry and AMD themselves.Â
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This is the first full quarter where AMD’s Ryzen CPUs were on the market, with AMD’s RX 500 series refresh also proving popular this quarter. This has seen AMD’s CPU/GPU group see a revenue increase of 51% since this time last year, though this is not exactly surprising given the release of Ryzen 2017 and the fact that Polaris was initially released in the middle of Q2 2016. Â
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Moving onto the server/semi-custom group AMD sees a 5% drop in sales, though a lot of this can be attributed to the seasonal weakness of the console market and AMD’s declining server presence before the release of EPYC. EPYC was only released last month, and Microsoft is set to ramp the production of their Xbox One X soon, which should see this division display increased revenues in Q3. Â
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AMD posted a GAAP revenue of $1.22 Billion this quarter, which is a huge increase over their Q1 revenue of $1.03 Billion and Q2 2016’s revenue of $984 Million. Â AMD even managed to post a Non-GAAP net income of $19 Million, which is great news for AMD given their losses in other recent quarters.Â
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Moving forward AMD expects to see continued growth in Q3, with the release of Ryzen 3 CPUs for the budget market, Threadripper for the HEDT market and Vega on the GPU market. This will also be the first full quarter where AMD’s EPYC CPUs are available, which will also help AMD improve their bottom line.Â
In Q3 AMD is expecting a 23% revenue growth or – 3%, which should see AMD generate revenues of over $1.5 Billion for the first time in almost a decade.Â
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AMD’s full financial results can be read here.Â
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You can join the discussion on AMD’s Q2 2017 financials on the OC3D Forums.Â
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