AMD reports healthy Q3 earnings despite crypto crash
by from Techreport on (#41GXV)
AMD reported its earnings for the third quarter of 2018 today. The company took in revenue of $1.65 billion during the quarter, up 4% on the year, and operating income of $150 million, up 26% on the year. Gross margin rose to 40%, up four percentage points from this time last year, and net income grew to $102 million, up 67%.
The Computing and Graphics business took in $938 million in revenue, up 12% year-on-year. The company said it enjoyed strong sales of its Ryzen desktop and mobile products, but that graphics revenue weakened from this time last year-almost certainly because of ...