AMD revenue rising due to brisk Ryzen sales
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AMD's latest quarterly figures are predictably dominated by the launch of new Ryzen CPUs. The chipmaker has reported a sales uptick of 18 percent YoY to $973 million USD. Note that the Q1 2017 period does not include sales of Ryzen 5 CPUs as these launched a few months after the initial Ryzen X series.
The sales of CPUs and GPUs make up $593 million USD of the aforementioned $973 million. Nonetheless, AMD is still reporting an operating loss of $15 million USD likely due to preparations related to the launch of a brand new family of processors. Operating losses were even higher a year earlier at $70 million USD.
Net revenue now sits at $391 million USD from AMD's Embedded and Semi-Custom segment responsible for console processors and servers. Income from this particular arm has fallen to just $9 million USD compared to $16 million in Q1 2016.
While AMD still hasn't managed to return to black, the manufacturer has cut its losses significantly to $29 million USD compared to $68 million a year earlier. AMD is expecting a revenue growth of 12 percent for its upcoming Q2 2017 period despite a drop of 13 percent in its shares to a little over $11 USD following the quarterly report.
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