AMD Ryzen from the ashes, records US$81M profit for Q1 2018

AMD's Ryzen family of CPUs has put the company on a competitive footing with Intel. (Source: AMD)

After failing to turn a profit for the best part of the last decade, AMD has reported a net profit of US$81 million for the first quarter of 2018. The company can pin its turnaround on the success of its Ryzen chip family, which is putting pressure on Intel for the first time in years.

Sanjiv Sathiah, Published 04/26/2018

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.

A breakdown of AMD's Q1, 2018 financials. (Source: AMD)

Source(s)

www.amd.com/en-us/press-releases/Pages/press-release-2018apr25.aspx

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Sanjiv Sathiah - Senior Tech Writer - 1467 articles published on Notebookcheck since 2017

I have been writing about consumer technology over the past ten years, previously with the former MacNN and Electronista, and now Notebookcheck since 2017. My first computer was an Apple ][c and this sparked a passion for Apple, but also technology in general. In the past decade, I’ve become increasingly platform agnostic and love to get my hands on and explore as much technology as I can get my hand on. Whether it is Windows, Mac, iOS, Android, Linux, Nintendo, Xbox, or PlayStation, each has plenty to offer and has given me great joy exploring them all. I was drawn to writing about tech because I love learning about the latest devices and also sharing whatever insights my experience can bring to the site and its readership.

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Sanjiv Sathiah, 2018-04-26 (Update: 2018-04-26)

AMD Ryzen from the ashes, records US$81M profit for Q1 2018

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