AMD Beats Q2 2017 Expectations on Strong Ryzen, Epyc Sales
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, 07-28-2017 at 02:24 AM (733 Views)
AMD beat Wall Street’s expectations in Q2 2017, courtesy of strong demand for Ryzen and Epyc (desktop and server) CPUs. This was a significant quarter for AMD, because it marked the first quarter of full availability for the Ryzen CPU family.
Revenue was $1.22 billion, up 19 percent from Q2 2016 and 1.24x from Q1 2017. Gross margin of 33 percent was down 1 percent compared with Q1 2017, but up 2 percent year over year. AMD turned an operating income profit of $25M, compared with a $9M loss last year. While the company still turned in a net loss for the quarter, it slashed the size of that loss dramatically, from $69M in Q2 2016 and $73M in Q1.
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