AMD's Q2 2017 revenue results unveiled - Ryzen steals the show
Intel has been dominating the CPU market ever since it introduced the Core 2 processors in 2006, but it looks like AMD is now making a comeback and could end Intel’s domination with the Ryzen CPUs. All the latest financial reports seem to be pointing to the fact that AMD is slowly but surely returning to its glory days from the early 2000s.
The Q2 2017 revenue figures look very promising for AMD, as the company is starting to recover losses and get back to profitability. Looks like the Ryzen CPUs and the new GPU lineup offered the breath of fresh air that AMD needed for quite some time. The press release points out that revenue for Q2 2017 caps at $1.22 billion, while the operating income sits at $25 million, and net loss at $16 million, or $(0.02) per share. On a non-GAAP (Generally Accepted Accounting Principles) basis, operating income was $49 million, net income was $19 million, and earnings per share was $0.02.
The non-GAAP results show a positive net income of $19 million, compared to last year’s Q2 loss of $40 million. AMD attributes these promising results to their Ryzen desktop processors, Vega GPUs, and EPYC datacenter products.
The Computing and Graphics sector shows 51% increased revenue compared to Q2 2016. However, the Enterprise, Embedded and Semi-Custom sector saw a 5% drop in revenue, but the upcoming quarters should show increased revenue with the EPYC CPU line.
The CPU market has been stagnant in the past few years, but with AMD's latest intensified efforts, the competition should spark once again and Intel could be forced to offer more modest prices for their processors.