AMD Ryzen from the ashes, records US$81M profit for Q1 2018
AMD has turned a profit of US$81 million in the first quarter of 2018 with revenue of US$1.65, up some 40 percent year-over-year. What’s more, the company expects its next quarter to continue the trend and forecasts revenue of US$1.73 billion, a bump of 50 percent over its 2017 numbers. The company says that its turnaround has been built on the back of its Ryzen chips, as well as strong demand for its Radeon GPUs.
“The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Dr. Lisa Su, AMD president and CEO. “PC, gaming and datacenter adoption of our new, high-performance products continues to accelerate. We are excited about our long-term roadmaps and focused on delivering sustained revenue growth and profitability.”
Earlier this month, the company launched its second-generation Ryzen desktop CPUs that offer 15 percent better gaming performance than their predecessors. The octa-core Ryzen 7 2700X chip has been shown to outperform Intel’s Core i7-8700K in multithreaded performance, while it has also been priced aggressively at just US$329 including a CPU cooler. With the Ryzen mobile CPU family now shipping as well, and its Epyc server-class processors selling strongly, it is easy to see why the company is bullish about its prospects in 2018.