AMD posted revenue of $984 million (+18 percent), operating loss of $29 million and net loss of $73 million in the first quarter of 2017.
The revenue growth of 18 percent was driven by strong demand for AMD’s Ryzen CPUs as well as graphics processors.
AMD revenue fell 11 percent sequentially, due primarily to seasonality in both segments. However, Computing and Graphics segment revenue decline was better than seasonal due to the initial sales from Ryzen desktop processors.
“We are positioned for solid revenue growth and margin expansion opportunities across the business in the year ahead as we bring innovation, performance, and choice to an expanding set of markets,” said Lisa Su, president and CEO of AMD.
AMD posted operating loss of $6 million compared to an operating loss of $55 million a year ago and operating income of $26 million in the prior quarter. AMD’s net loss was $38 million compared to net losses of $96 million a year ago and $8 million in the prior quarter.
AMD generated Computing and Graphics segment revenue of $593 million (+29 percent) — driven primarily by higher desktop and graphics processor sales.
AMD generated Enterprise, Embedded, and Semi-Custom segment revenue of $391 million (+5 percent) — driven primarily by higher semi-custom SoC sales. Sequentially, revenue decreased 23 percent primarily due to seasonally lower sales of semi-custom SoCs.
AMD launched its x86 Ryzen desktop processor based on the Zen core microarchitecture, offering multi-core performance to PC gamers, creators, and hardware enthusiasts worldwide.
AMD Ryzen 7 8-core, 16-thread processors bring innovation to the PC market and include the lowest powered 8-core desktop PC processors.
AMD Ryzen 5 processors are designed to bring innovation to the high-volume, sub-$300 CPU market with a disruptive price-to-performance ratio for gamers and creators.
AMD expects revenue to increase approximately 17 percent sequentially and approximately 12 percent year-over-year in the second quarter of 2017.
