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Appeared on: Tuesday, October 24, 2017
AMD Reports Rise in Quarterly Revenue

Chipmaker Advanced Micro Devices Inc (AMD) reported a 25.7 percent rise in quarterly revenue on Tuesday, its sixth straight quarter rise, aided by a slew of launches such as the Epyc processors for servers and a new range of Ryzen desktop processors.

The company reported a net income of $71 million in the third-quarter ended Sept.30, compared with a loss of $406 million, a year earlier.

The chipmaker's revenue rose to $1.64 billion from $1.31 billion.

"Strong customer adoption of our new high-performance products drove significant revenue growth and improved financial results from a year ago," said Dr. Lisa Su, AMD president and CEO. "Our third quarter new product introductions and financial execution mark another important milestone as we establish AMD as a premier growth company in the technology industry."

The company's revenue was $1.64 billion, up 26 percent year-over-year, primarily driven by higher revenue in the Computing and Graphics segment (CG). Revenue was up 34 percent sequentially, driven by the Enterprise Embedded and Semi-Custom segment (EESC) revenue seasonality and higher revenue in CG. In the quarter, AMD closed a patent licensing transaction which positively impacted revenue in the segments.

Quarterly Financial Segment Summary



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