AMD Q4 financial report sees revenue dip, leaders show no signs of panic

US Transnational IT Company Advanced Advanced Devices (AMD) released its Q4 Revenue Report on January 29, which largely matches analysts' fear of a continued decline.

AMD, which, like other graphics manufacturers, has suffered due to

Gross Margin was down 2 percent compared to Q3, while net revenue fell from $ 122 million to just $ 38 million.

As Cointelegraph reported, investors had previously warned of possible losses for AMD before the release of the report, arguing that the enduring effects of the volatile crypto course market would continue to affect their books.

However, discussing the results, CEO Lisa Su was still optimistic.

"In 201[ads1]8 we delivered our second straight year with substantial revenue growth, market share, expanded gross margin and improved profitability based on our excellent products," she comments. ted, note:

"Most importantly, we more than doubled the EPYC processor shipments in order and delivered record pu data center revenue in the quarter."

In the future, Su explained the challenges to the graphics markets and added:

"Despite the fact that the short-term graphics run, 2019, is shaping another exciting year driven by the launch of our widest and most competitive product portfolio ever with our next generation 7nm Ryzen, Radeon and EPYC products. "

AMD's share price is managed to escape the fate of competitor Nvidia last year, the latter seeing a large sale of the shares in the fourth quarter due to increasing market pressure. Nvidia has recently reduced its revenue limits for the fourth quarter last year, referring to a decline in crypto-mining operations and deteriorating conditions in China.

In December 2018, Cointelegraph reported how AMD's radeon RX580 unit had lost nearly 70 percent of its sales price over the previous year.

Source link

Back to top button