AMD Revenues Surge 26 Percent in Q2

Posted on July 29, 2020 by Paul Thurrott in Hardware, Mobile with 5 Comments

Processor maker AMD announced last night that it earned net income of $157 million on revenues of $1.93 billion for the quarter ending June 30. Revenues exploded by 26 percent year-over-year (YOY).

“We delivered strong second quarter results, led by record notebook[,] and server processor sales as Ryzen and EPYC [server/datacenter processor] revenue more than doubled from a year ago,” AMD president and CEO Lisa Su said in a prepared statement. “Despite some macroeconomic uncertainty, we are raising our full-year revenue outlook as we enter our next phase of growth driven by the acceleration of our business in multiple markets.”

AMD says that the surge was driven by “higher Computing and Graphics segment revenue,” and that its net income grew from $35 million one year ago to $157 million this past quarter. Revenues from its Computing and Graphics business hit $1.37 billion, up 45 percent YOY. AMD’s Enterprise, Embedded and Semi-Custom business generated revenues $565 million, down 4 percent YOY. And its All Other business reported an operating loss of $60 million compared to $52 million a year ago.

Looking ahead, AMD expects revenues in the current quarter to land at about $2.55 billion, which would represent growth of over 40 percent YOY. “The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom product,” the firm reported.

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Comments (5)

5 responses to “AMD Revenues Surge 26 Percent in Q2”

  1. martinusv2

    Hope they can continue like that. And be able to perfect AMD64. Because I think AMD faces the same fate against ARM

    I am waiting for the Ryzen 3 chips and RDNA2 video card before upgrading my PC. My 2700x and Vega64 are showing their ages :)

  2. beckerrt

    AMD stock is up 12% today. Another one I missed out on....

  3. bluvg

    "we are raising our full-year revenue outlook"

    Looks like these results surprised even AMD themselves....

  4. lvthunder

    So by a revenue point Intel is 10x higher then them. You wouldn't know that with the press coverage.

  5. waethorn

    Ryzen stuff is good compared to Intel's chips, but the current state of the computing industry has been stuck on this stance of building chips that still require bulky cooling requirements where software like Windows 10 hasn't systematically changed much over the past 5 years but uses more system resources now than when it shipped. A Cherry Trail system could run Windows 10 when it shipped. Now, it's just not feasible. 2GB of RAM could run Windows 10 and a browser, but Edge became a pig (even before Chromium) in recent years and is completely useless on such a system. You need 8GB of RAM and a decent quad-core processor with an SSD to run Windows 10 well now. So these chip makers keep making replacement products with the same bulky heatsink and heatpipe designs with giant fans to keep up with just basic OS functionality. Nobody is attempting to end that practise by calling out inefficiencies in software.

    This is technology for consumerism-sake. This isn't progress.

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