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AMD reports 18 per cent year-on-year revenue growth

by Mark Tyson on 2 May 2017, 09:31


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AMD published its Q1 2017 financial results yesterday evening. There's good news and bad news here. Getting the bad news over with straight away - AMD reported an operating loss of $29 million, and net loss of $73 million, or $0.08 per share for the quarter. The good news is that in Non-GAAP calculations the operating loss was a much smaller $6 million. Furthermore, the company is striding forward positively and enjoying double digit revenue growth on the back of the recent Ryzen CPU launches.

"We achieved 18 percent year-over-year revenue growth driven by strong demand for our high performance Ryzen CPUs as well as graphics processors," said Dr. Lisa Su, AMD president and CEO. "We are positioned for solid revenue growth and margin expansion opportunities across the business in the year ahead as we bring innovation, performance, and choice to an expanding set of markets."

Key financial highlights in Q1 2017 were as follows:

  • Overall revenue of $984 million - up 18 per cent year on year but down 11 per cent from last quarter (said to represent the usual seasonality),
  • Revenue from Computing and Graphics segment revenue was $593 million, up 29 per cent year on year and only down 1 per cent from the previous quarter,
  • Enterprise, Embedded, and Semi-Custom segment revenue was $391 million, up 5 per cent year-over-year driven primarily by higher semi-custom SoC sales,
  • Overall gross margin up by 2 per cent to 34 per cent,
  • AMD has 'cash' of $943 million in the bank, down $321 million from previous quarter mainly due to timings and increased inventory.

RX Vega confirmed for Q2 2017

AMD reminded us of the significant Ryzen 7, Ryzen 5 and Radeon RX 500 series launches during Q1 2017 - but it still has plenty of gunpowder left for fireworks in Q2.

AMD's high-performance x86 server CPU, codenamed 'Naples' will launch in the current quarter. Compared with its top competitors Naples offers "45 per cent more cores, 60 per cent more input / output capacity (I/O), and 122 per cent more memory bandwidth," claims AMD.

RX Vega is on track for launch in the current quarter confirms the financial results press release. This GPU "has been designed from scratch to address the most data- and visually-intensive next-generation workloads with key architecture advancements including: a differentiated memory subsystem, next-generation geometry pipeline, new compute engine, and a new pixel engine," we are informed.

Later in the year AMD's Semi-Custom business will be churning out highly-customized AMD SoCs for the new Microsoft 'Project Scorpio' console. The console is lined up for an expected 'holiday 2017' launch.

HEXUS Forums :: 7 Comments

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Good news for consumers :)
I wish they'd hurry up with Vega so I can decide what to replace my gtx 970 with. The 5xx series sounds like a waste of time as they consume more power than my current card and don't produce a big enough graphical advantage. The 1080ti looks amazing but knowing nvidia in a few months time we will find out a hidden disadvantage.

Anyway my fingers are crossed for the Vega cards being nvidia gtx beaters in all aspects.
Looking forward to seeing what the Enthusiast Naples CPUs are like!
I wish they'd hurry up with Vega
they shouldn't, you know why?
because the more people rush them, the more rubbishrubbishrubbishrubbishups can happen
nvidia is where it is because they had all the time in world to create new products
because they believed AMD would never make a strong comeback.
people didnt rush them to release 10 series or 9 series graphics cards, where as AMD tried to compete as quick as possible to their own peril in the past.
I'm not hoping for Vega to be able to beat 1080 lineup, but atleast be on par and cost less.
maybe that would mean price drops to older cards & that's a gain for us as consumers.
I'm not in high hopes for vega, but I'm really glad that AMD is moving onwards and found their growth formula
this is such bs! you did a review on AMD and listed the negative first! YOU did a review on intel and i dont recall you listing ANY NEGATIVE news about them. Clearly intel had their hand in a few companies butt! i could list 3 things intel F-d up on that could have been mentioned as a negative for the entire company.