AMD hits record $3.4B in first quarter but claims cryptocurrency impact was 'negligible' | PC Gamer - goodmanwhentom1964
AMD hits record $3.4B in first quarter but claims cryptocurrency impact was 'negligible'
In last night's AMD Q1 earnings call, the company disclosed revenues of $3.45 billion in the first quarter of 2021—that's a 93 per centum increase year connected year. And from AMD's Computing and Graphics segment—where all the dollar from our juicy component purchases go—the party boasts $2.1 billion, upwards from survive yr's $1.438 billion, with an operating lucre of $485 million, up from $262 million.
This kind of growth is unsurprising in light of such intense demand for ironware. Just as the earnings call wounding down to its usual Q&A, the company's CEO Lisa Su seemed to stumble over how much of that profit comes from cryptocurrency mining operations.
In speaking to an analyst at BofA Securities (formerly Banking company of U.S.A Merrill Lynch) Vivek Arya about whether there was any shock from cryptocurrency on the profit increase, Lisa Su had this to order:
"You asked about crypto. We do non—we have negligible crypto in Hera. Thus this is really the foundational business, really, the new products and just seeing the customers adopt and ramp chop-chop."
This minor hesitation could point to a shaky grasp of the situation. Fundamentally AMD has little elbow room to measure how such of an impact cryptocurrency excavation is really having on its earnings. This unfitness to parse the numbers that cause come from genuine gaming GPU sales, and those that have gone to miners, way it's difficult to pinpoint a specific value right now.
The surge in cryptocurrency profitability hitting just at the wrong metre, operating theatre perhaps the right time depending on your job title of respect. Still, supply shortages in light of the spherical pandemic formed an unstable base for dealing with increased involve for PC components across the board.
Despite being convinced that cryptocurrency mining doesn't impact the availability of gaming cards, Nvidia has begun dangling a line of mining-focussed CMP SKUs out, to bait crypto miners absent from our precious gaming GPUs. The popularity of these new excavation cards surprised smooth Nvidia, and to underline the attempt at segregating users intentions, the company could even be implementing mining limiters on the unharmed of its 30-Series artwork card batting order, to assist herd miners in the right direction.
The subsequent benefit from all this, was that Nvidia would be able to get a meliorate idea of exactly where it's profits were coming from.
This is an avenue AMD has not hinted at exploring any time soon, with the company's stance being that IT would non glucinium limiting any workload, including cryptocurrency mining. Only the company's refusal to come after suit also means there's nothing to say when people come at them with tough questions about cryptocurrency excavation.
Transparency is front and center in the mankind of business at the moment. And with the popularity and controversy close cryptocurrency unbelievable to die back anytime soon, it may be time for AMD to push for a clearer look at where it's getting its money.
Screw sports, Katie would rather watch Intel, AMD and Nvidia go at information technology. She can often be found admiring AI advancements, sighing over semiconductors, or gawping at the fashionable GPU upgrades. She's been obsessed with computers and graphics since she was small, and took Game Artistic production and Blueprint up to Masters level at uni. Her thirst for absurd Raspberry Pi projects will never be sated, and she will stop at nothing to circulate internet safety consciousness—down with the hackers.
Source: https://www.pcgamer.com/amd-lisa-su-cryptomining-earnings-revenue/
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