AMD Posts record quarterly revenue results

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The recent AMD success story shows no signs of slowing down and despite what is going in the world right now, the company has just posted record first-quarter revenue results having coined in $1.79 billion, up some 40% over the same period in 2019.

A record increase in notebook CPU parts – all down to Ryzen 4000 is said to be the main driving force behind the figure.

Beyond that, however, CEO Lisa Su said that the company had gained more share of the desktop market for the tenth successive quarter, giving an indication of how long AMD’s star has been on the rise.

It wasn’t all excellent news as a drop in GPU sales and prices helped point to a 16% reduction in profit compared to Q4 2019. This was blamed on the pandemic and the lack of retail opportunities with closed stores, mainly in China pretty much throughout the whole quarter.

Su said: “PC demand in the rest of the world was strong, offsetting the softness in China. Client processor revenue grew significantly year-over-year as strong Ryzen processor demand resulted in significant double-digit percentage increases in unit shipments and ASP. As a result, we believe we gained client unit market share for the tenth straight quarter.”

With AMD fans waiting to see when they can get hold of the new 3100 and 3300X Ryzen 3 CPUs and B550 chipset motherboards, Su offered encouragement that there are no virus-related delays on the cards for the imminent new products and also tech a little further out towards the end of the year.

“We remain on track to launch our next-generation “Zen 3″ CPUs and RDNA 2 GPUs in late 2020, and believe we can deliver another year of strong revenue growth and margin expansion based on the strength of our product portfolio and the diversity of markets we serve,”

Paul is a contributor to PCWer, having covered news coverage, Raspberry Pi, Windows releases and peripherals - among other things - across the site.