AMD Revenues Surge 26 Percent in Q2
- Paul Thurrott
- Jul 29, 2020
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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.”
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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.