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AMD announces Q3 2017 revenues, first positive net income in years

2017 has been a great year for AMD, and Q3 revenue results prove that the company is back in business. (Source: AMD)
2017 has been a great year for AMD, and Q3 revenue results prove that the company is back in business. (Source: AMD)
After years of financial struggles, AMD rises above and makes a comeback in 2017. Q3 2017 was the best in years, bringing US$1.64 billion in total revenues, of which US$71 million was the net income. This is very good news for AMD, since the company hasn't seen a positive net income for the past several years.

AMD has seen a good financial year with the launch of the Ryzen CPUs and Vega GPUs. The company has just released the Q3 financial results for 2017, and for the first time in years, the net income is on the positive side. The GAAP results reveal total revenues of US$1.64 billion, of which US$126 million was operating income and US$71 million was net income. For comparison, the Q3 2016 revenues hit US$1.3 billion, but the operating income was negative US$293 million and the net income was negative US$406 million. Going by the non-GAAP calculations, the results are even better for Q3 2017: revenue is the same, but the operating income goes up to US$155 million and the net income peaks at US$110 million.

The Computer and Graphics sector brought US$819 million in revenues and US$70 million in operating income. This was largely due to the success of the Ryzen desktop CPUs and the ever-growing demand for GPUs from the crypto-mining community.

On the Enterprise, Embedded and Semi-Custom side, which includes the Xbox One X hardware and the EPYC SoCs. Here, AMD calculated that the revenue was US$824 million, with an operating income of US$84 million, which is significantly lower than the US$136 million from Q3 2016. AMD expects these figures to rise once the Xbox X One gets released and the demand for it rises. As for the All Other category, AMD notes a US$28 million loss that is attributed to the TSMC wafer agreement changes for the upcoming Xbox X One consoles.

AMD also made predictions for the fourth quarter, stating that it expects a revenue decrease of about 15%. Still, that would mean around 26% increased profits from Q4 2016. The battle for the CPU market has been rekindled and only time will tell if AMD can pull it off again in the coming years.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 10 > AMD announces Q3 2017 revenues, first positive net income in years
Bogdan Solca, 2017-10-25 (Update: 2017-10-25)
Bogdan Solca
Bogdan Solca - News Editor
I stepped into the wonderous IT&C world when I was around 7. I was instantly fascinated by computerized graphics, be them from games or 3D applications like 3D Max. I like to keep myself up to date with all the new technologies that get released at an ever increasing rate these days. I'm also an avid SciFi reader, an astrophysics aficionado and, as of late, a crypto geek.