AMD’s comeback to prominence in the tech industry is becoming more apparent with every passing quarter. The company is now seeing its stock prices reach their highest level in around a decade, after it announced its best quarterly performance in a long time.
Finally Out of The Woods
AMD, in the last quarter, earned $1.76 billion in revenue, with a net income of $116 million on top of that, which is the company’s highest in seven years. The recovery had already begin in Q1 of this year. This is quite a turnaround from just a year back, when the company was still in the red and had registered a $42 million loss. Since then, its gross margin has also increased to 37%.
As a result, AMD’s share prices increased by 14% in a day to reach $18.35, a level they haven’t reached since January 2007. Despite the cooling cryptocurrency market, the Taiwan-based company has continued to ride the wave of its Ryzen processors’ popularity.
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Roughly, the earnings call is broken down into two distinct halves. The Computing and Graphics portion is easily the larger one, with a revenue of $1.086 billion in the quarter. The “Enterprise, Embedded, and Semi-Custom” half comes next with a revenue of $670 million.
Ryzen 2
The first of those has dropped slightly from $1.115 billion, as the cryptocurrency market petered out in the quarter. However, with the launch of Ryzen 2, the company has seen a double-digit growth in its processor sales through the quarter, which probably reflects the bullish trends in the PC market.
Finally, AMD has the Epyc processors for datacenters, which have grown steadily over the previous quarter. The demand for GPUs in datacenters is expected to bring even greater returns for the company.
