Breaking News

Google Outlines How It Tackles Disinformation Across Seearch, News and Youtube LG V50 ThinQ 5G Smartphone Appears Online TCL's Foldable Phone Bends Into a Smartwatch Uber's Growth is Slowing Apple Said to Buying Voice App Startup Pullstring

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Legacy
    • Media Tests
    • DVD Media Formats

    • Glossary
    • FAQ
    • Firmware
    • Drivers
    • BIOS
    • Software
  • Forum
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

AMD Revenue Hit By Low Crypto Demand

AMD Revenue Hit By Low Crypto Demand

Enterprise & IT Oct 25,2018 0

Advanced Micro Devices on Wednesday forecast lower than expected fourth-quarter revenue as the chipmaker faces dwindling demand from cryptocurrency miners for its graphic processors.

GPU makers have been benefited by the cryptocurrency boom last year as miners invested in new networks to keep up with demand. However, with cryptocurrency prices in free fall, mainly due to regulatory worries, demand for the chips have declined.

AMD said it expects revenue of about $1.45 billion, plus or minus $50 million.

The company said revenue from its graphics and computing business, which sells Ryzen desktop processors and Radeon graphics cards, rose 12 percent to $938 million in the third quarter.

AMD said strong sales of Ryzen chips were partially offset by lower revenue from its graphics business, where blockchain-related GPU sales were negligible.

"In graphics, the year-over-year revenue decrease was primarily driven by significantly lower channel GPU sales, partially offset by improved OEM and data center GPU sales," Chief Executive Officer Lisa Su said on a post-earnings call.

Channel GPU sales came in lower than expected based on excess channel inventory levels, caused by the decline in blockchain-related demand that was so strong earlier in the year, she added.

Su said the graphics and computing segment underperformed expectations by $100 million in the quarter and added that inventory levels for its graphics products remain high and may take a couple quarters to return to normal levels.

Sales in its enterprise, embedded and semi-custom unit, which makes EPYC server processors, fell 5 percent to $715 million.

AMD said net income climbed to $102 million, or 9 cents per share, in the third quarter ended Sept. 29 from $61 million, or 6 cents per share, a year earlier.

Excluding items, AMD earned 13 cents per share. Revenue rose to $1.65 billion, but missed estimates of $1.7 billion.

Tags: AMD
Previous Post
Cloud Strength Keeps Boosting Microsoft's Results
Next Post
ASUS Announces Lineup of Business, Home and Gaming Products at Incredible Intelligence 2018

Related Posts

  • AMD Radeon VII is Available Now

  • AMD Reports Record Data Center Revenue

  • AMD Consolidates Senior Leadership Teams

  • AMD's Su Says Real-Time Ray tracing is Coming

  • CES: AMD Reveals 7nm AMD Radeon VII Graphics Card, Demonstrates Upcoming 3rd Gen AMD Ryzen Desktop Processor

  • AMD Kicks-Off CES 2019 Wth Mobile Portfolio: New Ryzen, Athlon, and A-Series Processors for Ultrathin, Mainstream, and Chromebook Laptops

  • Leak Shows AMD Ryzen 3000 Series With 16-Cores

  • New AMD Radeon Software Adrenalin 2019 Edition Brings Performance-boosting Features

0 Comments

Leave a Reply

More information about text formats

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

BBCode

  • No HTML tags allowed.
  • You may use these tags: [abbr], [acronym], [b], [center], [code], [color], [define], [font], [h1], [h2], [h3], [h4], [h5], [h6], [hr], [i], [img], [justify], [left], [list], [node], [php], [quote], [right], [s], [size], [sub], [sup], [u], [url], [wikipedia], [youtube], [align], [link], [ol], [ul]
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.

Latest News

Google Outlines How It Tackles Disinformation Across Seearch, News and Youtube
Enterprise & IT

Google Outlines How It Tackles Disinformation Across Seearch, News and Youtube

LG V50 ThinQ 5G Smartphone Appears Online
Smartphones

LG V50 ThinQ 5G Smartphone Appears Online

TCL's Foldable Phone Bends Into a Smartwatch
Smartphones

TCL's Foldable Phone Bends Into a Smartwatch

Uber's Growth is Slowing
Enterprise & IT

Uber's Growth is Slowing

Apple Said to Buying Voice App Startup Pullstring
Enterprise & IT

Apple Said to Buying Voice App Startup Pullstring

Popular Reviews

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Nvidia GeForce RTX 2080 Ti and GeForce 2080 Founder's Edition review

Nvidia GeForce RTX 2080 Ti and GeForce 2080 Founder's Edition review

Sony NS955 DVD Player

Sony NS955 DVD Player

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Ridisc Media Tests

Ridisc Media Tests

  • Home
  • News
  • Reviews
  • Legacy
    • Media Tests
    • DVD Media Formats

    • Glossary
    • FAQ
    • Firmware
    • Drivers
    • BIOS
    • Software
  • Forum
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed