Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Thursday October 26 2017, @04:52PM   Printer-friendly
from the making-money dept.

AMD turned a profit last quarter:

2017 has been a great year for the tech enthusiast, with the return of meaningful competition in the PC space. Today, AMD announced their third quarter earnings, which beat expectations, and put the company's ledgers back in the black in their GAAP earnings. For the quarter, AMD had revenues of $1.64 billion, compared to $1.31 billion a year ago, which is a gain of just over 25%. Operating income was $126 million, compared to a $293 million loss a year ago, and net income was $71 million, compared to a net loss of $406 million a year ago. This resulted in earnings per share of $0.07, compared to a loss per share of $0.50 in Q3 2016.

[...] The Computing and Graphics segment has been a key to these numbers, with some impressive launches this year, especially on the CPU side. Revenue for this segment was up 74% to $819 million, and AMD attributes this to strong sales of both Radeon GPUs and Ryzen desktop processors. Average Selling Price (ASP) was also up significantly thanks to Ryzen sales. AMD is still undercutting Intel on price, but they don't have to almost give things away like they did the last couple of years. ASP of GPUs was also up significantly, and the proliferation of cryptocurrency likely played a large part in that. Operating income for the segment was an impressive $70 million, compared to an operating loss of $66 million last year.

When AMD turns a profit, it is news. Stocks still plunged on concerns over future growth. Citi Research has predicted big losses for AMD as Intel ships its Coffee Lake CPUs.

Previously: AMD Ryzen Launch News
AMD GPU Supply Exhausted By Cryptocurrency Mining, AIBs Now Directly Advertising To Miners
AMD Epyc 7000-Series Launched With Up to 32 Cores
Cryptocoin GPU Bubble?
Ethereum Mining Craze Leads to GPU Shortages
Used GPUs Flood the Market as Ethereum's Price Crashes Below $150
AMD Radeon RX Vega 64 and 56 Announced
First Two AMD Threadripper Chips Out on Aug. 10, New 8-Core Version on Aug. 31
Cryptocurrency Mining Wipes Out Vega 64 Stock
AMD Expected to Release Ryzen CPUs on a 12nm Process in Q1 2018


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by etherscythe on Friday October 27 2017, @03:57PM (1 child)

    by etherscythe (937) on Friday October 27 2017, @03:57PM (#588266) Journal

    I built one of these for a friend of mine a year or so ago:

    [url=http://www.gigabyte.us/Mini-PcBarebone/GB-BXA8G-8890-rev-10#ov]

    There is, I'll admit, a rather jarring lack of options in that space, particularly in current-gen architecture, and the above appears to be out of stock in the channel.

    --
    "Fake News: anything reported outside of my own personally chosen echo chamber"
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2) by etherscythe on Friday October 27 2017, @03:59PM

    by etherscythe (937) on Friday October 27 2017, @03:59PM (#588267) Journal

    woops, link fail, followed by preview fail.

    http://www.gigabyte.us/Mini-PcBarebone/GB-BXA8G-8890-rev-10#ov [gigabyte.us]

    --
    "Fake News: anything reported outside of my own personally chosen echo chamber"