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AMD Profits in Q3 2017

Accepted submission by takyon at 2017-10-25 05:48:00
Business

+techonomics

AMD turned a profit last quarter [anandtech.com]:

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 [marketwatch.com] on concerns over future growth. Citi Research has predicted big losses for AMD [cnbc.com] as Intel ships its Coffee Lake [soylentnews.org] CPUs.

[Add Intel's numbers here if they have been released.]

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


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