AMD today announced revenue for the third quarter of 2017 of $1.64 billion, operating income of $126 million and net income of $71 million, and diluted earnings per share of $0.07. This will definitely sounds like mumbo jumbo, so let’s focus to the important stuff. These results basically mean that AMD turned a profit in Q3 2017.
Dr. Lisa Su, AMD president and CEO, said:
“Strong customer adoption of our new high-performance products drove significant revenue growth and improved financial results from a year ago. Our third quarter new product introductions and financial execution mark another important milestone as we establish AMD as a premier growth company in the technology industry.”
AMD has shared the following table in which we can see the better results that it yielded compared to Q3 2016.
Going into more details, revenue was $1.64 billion, up 26% year-over-year. This was primarily driven by higher revenue in
the Computing and Graphics segment (CG). Computing and Graphics segment revenue was $819 million. This was up 74% year-over-year and was primarily driven by strong sales of Radeon graphics and Ryzen desktop processors.
Last but not least, for the fourth quarter of 2017, AMD expects revenue to decrease approximately 15% sequentially, plus or minus 3%. The midpoint of guidance would result in fourth quarter 2017 revenue increasing approximately 26% year-over-year. AMD now expects annual 2017 revenue to increase by greater than 20%, compared to prior guidance of mid-to-high teens percentage.
All in all, these are great results for AMD. This is also great news for all consumers as competition is essential and will “motivate” Intel to create better products. However, we don’t know whether AMD will be able to compete with the green guys. After all, NVIDIA’s high-end GPU is still unbeatable. Still, here is hoping that AMD will surprise everyone with its next GPU!