American semiconductor company AMDrevealed in its quarterly financial results report thatthe revenue rose to $1.65 Bln, up 4%year-over-year,thoughthe figure is below estimations of $1.7 Bln. The decrease is attributed to overall lower graphic revenuewithin thecompany’s Computing and Graphic businesssection comparative to the last quarter.
However, AMD’s Computing and Graphicsectionrevenue saw a12%hike year-over-year up to $938 Mln primarilybecause of theuphold sales of Ryzen desktop and mobileproducts. Blockchain-related GPU salesdidn’t played very wellwithin thethird quarter.The avg. selling priceof GPUsadditionally fell duetolower GPU channel sales.
Recently, AMD chief executive officer ’Lisa Su’aforementionedthat blockchain technology was alittle bit ofa distraction,within theshort term for the company’s business. She admitted the importance of the technologybut, stating that “theplanyou’ll be able todoof thesepeer-to-peer transactions, adecentralizednetwork, it’san efficienttechnology.”
In theQ1of 2018, Su stated better-than-expected growth in her company,additionallystating thatinstead ofgetting caughtwithin thehype surrounding the blockchain technology,they’dtargeton their core markets.
In line with the AMD report, for the Q4 of 2018 AMD expects its revenue to be around $1.45 Bln, which is uproughly by 8% year-on-year;within theQ4 of 2017, revenue was reportedly $1.34 Bln. The margin of adjusted earningsis anticipatedto extendaround41%asthe sales of Ryzen, EPYC, and datacenter GPU processor grows.
Analysts haveantecedentlywarned that AMD’s stockpricewas inflated by the crypto mining boom.AlthoughAMD shares had seen substantial growthwithin thepast few months, the high share pricesmight notlast longought tocrypto miningquiet down, the analystsaforementioned.