AMD: Blockchain sales declined from 10 percent to 6 percent of total revenue

Posted on Thursday, Jul 26 2018 @ 10:50 CEST by Thomas De Maesschalck
AMD logo
During AMD's second quarter earnings call, CFO Devinder Kumar shed some light on the decline of demand from the cryptocurrency market. AMD estimates total blockchain-related revenue came in at about 6 percent of overall revenue in Q2 2018, down from 10 percent in Q1 2018:
Strong channel and data center demand drove year-over-year Graphics revenue increases. Sequentially Graphics revenue was down primarily driven by lower blockchain sales partially offset by stronger data center sales. We believe blockchain-related revenue declined from approximately 10% of our revenue in the first quarter to approximately 6% of our overall revenue in the second quarter.
AMD expects blockchain revenue will be down in the second half. For the full year, it's expected to account for a mid-single-digit percentage of AMD's total revenue.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments