Ryzen and EPYC Drive Growth for AMD
Advanced Micro Devices' (NASDAQ: AMD) third-quarter report was far from a home run. The chip company missed analyst estimates for revenue, it matched expectations for the bottom line, and its fourth-quarter guidance was mostly below what analysts were expecting.
But the story hasn't changed. Strong sales of Ryzen PC processors, EPYC server processors, and Radeon graphics cards drove revenue growth in the quarter, even as revenue derived from the aging game consoles plummeted. Gross margin continued to expand, pushed higher by an increasing focus on higher-end products. AMD's latest batch of products, manufactured on a 7nm process, is clearly winning over customers.
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Source Fool.com
