AMD appears bullish in Q3 2018, with revenues growing by 4% Y-o-Y to reach $1.65 billion and gross margin reaching 40%-- but sales did not satisfy the expectations of Wall Street, leading to plummeting share prices.
"We delivered our 5th straight quarter of year-over-year revenue and net income growth driven largely by the accelerated adoption of our Ryzen, EPYC and datacenter graphics products," CEO Dr Lisa Su says. "Client and server processor sales increased significantly although graphics channel sales were lower in the quarter. Looking forward, we believe we are well positioned for further market share gains as we continue making significant progress towards our long-term financial targets."
AMD attributes the growth in gross margin to products such as Ryzen (desktop and mobile) and EPYC (server), as well as IP-related revenues. The company is finding success in laptops, with 54 such machines carrying AMD chips set to debut this year, and processor ASPs are also on the up on both Y-o-Y and Q-o-Q basis.
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