Ryzen boosts AMD profits, as mobile chips promise further growth
Revenues in AMD’s computing and graphics segment nearly doubled compared to a year ago, paving the way for even more growth as AMD’s mobile Ryzen chips begin taking the field.
AMD, which has struggled to achieve profits for most of the last decade or so, reported a $114 million increase in net income to $81 million during the first calendar quarter of 2018. The company also posted a sizeable 40 percent increase in revenue to $1.65 billion. AMD even confidently predicted revenues for the next quarter would be about $1.725 billion, which would represent an increase of another 50 percent.
AMD’s numbers represent the success of both the company’s Ryzen and Vega-based GPUs, while the outlook reflects expectations for the recently announced Ryzen 2 CPUs and notebook chips. Processor sales were “significantly better than seasonality,” chief executive Lisa Su told analysts in a Wednesday afternoon conference call.