AMD revenue up 7 percent YoY with significantly reduced operating losses
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AMD's bottom line has been steadily improving over the past year. The fact that the chipmaker is not scheduled to launch its highly anticipated Ryzen platform until March at the earliest makes their latest earnings report even more impressive.
AMD's revenue for 2016 rose by 7 percent from 3.99 billion USD in 2015 to 4.27 billion while operating losses have been cut from 481 million to 372 million during the same time frame. Net losses are down from 660 million USD to 497 million.
From a quarterly revenue standpoint, Q4 2016 saw a jump from 958 million USD in Q4 2015 to 1.11 billion. Net losses have been halved from 102 million in Q4 2015 to 51 million in Q4 2016 while operating losses are down significantly from 49 million to 3 million.
Revenue from AMD's core Computing and Graphics group that includes desktop GPUs increased by 9 percent YoY from 1.8 billion USD to 1.97 billion. Operating losses dropped from 502 million in 2015 to 238 million in 2016. Meanwhile, the Enterprise, Embedded and Semi-Custom SoCs group earned 2.3 billion USD with an operating profit of 283 million compared to 215 million in 2015. The company is expected to pick up steam throughout the rest of 2017 when Vega products come to market.
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