AMD recently released a fresh financial report and while they have strong growth year-over-year, things are looking a bit more tough overall.
Powered ever forwards by their newer Ryzen processors and Radeon GPUs, AMD are still enjoying quite a bit of growth overall. They've hit $1.79 billion, a 40% year-over-year revenue growth. However, quarter-over-quarter revenue was down a big 16%.
They didn't mention any specific reason in the actual report but during the conference call on April 28, their Chief Financial Officer did mention it directly. Their CFO also mentioned they're likely to see weaker demand in the second half of this year too but they're still expecting annual revenue growth around 25% "plus or minus 5 percentage points".
AMD's President and Chief Executive Officer, Lisa Su, also mentioned during their conference earnings call that the Ryzen 3000 and Ryzen 2000 processor families have been taking "more than 50% share of premium processor sales" so we can expect to see their market share rise.
"We executed well in the first quarter, navigating the challenging environment to deliver 40 percent year-over-year revenue growth and significant gross margin expansion driven by our Ryzen and EPYC processors," said Dr. Lisa Su, AMD president and CEO. "While we expect some uncertainty in the near-term demand environment, our financial foundation is solid and our strong product portfolio positions us well across a diverse set of resilient end markets. We remain focused on strong business execution while ensuring the safety of our employees and supporting our customers, partners and communities. Our strategy and long-term growth plans are unchanged."
As for what's to come next, during the call they did bring up their upcoming launches. While the next-generation consoles were mentioned, more excitingly for us PC gamers are their CPUs and GPUs. Their RDNA 2 GPUs are on track for late this year, with a claim of a "50% performance per watt increase" over their current graphics tech. We also know RDNA 2 will be the first AMD GPU generation to support real-time Ray Tracing, so they will be catching up to NVIDIA there.
On the CPU side, they said their hotly anticipated next-gen Zen 3 CPUs are also on target for late 2020. Plus, they're also still expecting somewhere around 135 Ryzen-powered notebooks to release across this year from various different vendors.
If you missed it, AMD also recently announced the Ryzen 3 3100 and Ryzen 3 3300X budget processors and a new B550 chipset.
With all this happening, it continues to be a very fun time to be a PC hardware enthusiast. Are you waiting on AMD's next-gen stuff for an upgrade? Or have you already jumped into the current latest? Let us know your thoughts in the comments.