Advanced Micro Devices followed up the announcement of a new generation of personal computer chips with financial results on Wednesday that showed how its return to competitiveness with Intel and Nvidia was paying off on its balance sheet.
AMD said its revenue in the first quarter rose 23 percent from last quarter and 40 percent over the same quarter last year, to $1.65 billion, boosted primarily by sales of its Radeon graphics chips and Ryzen processors for personal computers. It has also started to invade Intel’s territory in data centers and loosen Nvidia’s stranglehold over gaming.
The chip supplier’s operating income increased to $120 million from $11 million in previous first quarter, while the company’s profits were $81 million, up from $33 million in first quarter losses last year and $19 million in losses in the previous quarter. AMD expects to report revenues of about $1.725 billion next quarter, an increase of 50 percent over the second quarter of 2017.
“The first quarter was an outstanding start to 2018,” said Lisa Su, the company’s chief executive officer, in a statement. “P.C., gaming and datacenter adoption of our new, high-performance products continues to accelerate. We are excited about our long-term roadmaps and focused on delivering sustained revenue growth and profitability.”
