AMD has earned a lot of money from the cryptocurrency mining boom and now as the boom comes to an end. AMD noted that 6% revenue in Q2 was due to the crypto rate, but it will not be the case next quarter, as mining is not profitable anymore. We can expect that the revenue from the crypto currency drops to almost zero.
The red team has done well and has performed better than analysts expected. The AMD share price has increased since it revealed the economy for Q2 2018. AMD's CEO Lisa Su spoke of the income from blockchain and the following is what she had to say in this regard:
For the second quarter we were about 6% of the revenue for block chain. For Q3 we are planning very little blockchain.
The decline in blockchain revenues is significant, but the company managed to make up for it with Ryzen sales. While future revenue from krypto is expected to drop, AMD will be able to fix it as there are future CPUs that are not yet to be announced. The AMD B450 motherboard has not yet been released and, while not published, we saw them on Computex 201
The forthcoming quad-core CPUs will follow these motherboards and will help balance the scale . Devinder Kumar, AMD's Chief Financial Officer, concerned the matter, and the following is what he had to say in this regard:
Graphics revenues were down primarily driven by lower blockchains sales, partly counteracted by stronger data centers. Forty-four consumer and commercial Ryzen-based desktops and notebooks are released this year, and our customers remain on track to bring a total of 60 Ryzen-based systems to the market in 2018.
On the other hand, we know that Intel is having trouble with the 10nm process, and we also know that the chips that come out this year from Team Blue will be based on the 14nm ++ node. It can also give AMD an edge. Intel has confirmed that 10nm chips will be on the shelves in H2 2019, and even if that's the case, AMD will have 7nm chips out at that time.
It is safe to say that Intel is following. The red team already has more kernels and threads in the mainstream series, and although Intel will release 8 core processors before the end of the year, anyone will say that Intel is quite late.
Tell us what you think about how good AMD is doing in terms of finances.