AMD financials continue to decline, even with the launch of Fury X

AMD earnings are expected to disappoint, and even slide under the worst estimates.

@anthony256
Published Tue, Jul 7 2015 1:40 AM CDT   |   Updated Tue, Nov 3 2020 12:05 PM CST

AMD has launched its new first flagship video card in nearly two years, the Radeon R9 Fury X, and even still it's looking down the barrel of yet another quarter of disappointing financial results.

AMD financials continue to decline, even with the launch of Fury X | TweakTown.com

The chipmaker is expected to announce its Q2 results on July 16, with numbers that are said to be lower than even the worst estimates by analysts. AMD's Q2 sales have reportedly underperformed the worst estimates by analysts, and that investors are to expect revenue to be down 8% sequentially.

AMD's total revenue for Q1 was $1.03 billion, down 26.3% from the same period of 2014. If AMD's Q2 results are lower than this, in the $950 million mark, it would be a drop of around 34% from Q2 2014. Why? Well, according to AMD it's because of "weaker than expected consumer PC demand" but with AMD's dropping market share in the discrete GPU market, and NVIDIA securing a large chunk of it after it launched its GeForce GTX 980 late last year, I'd say it was the lack of any new products that saw sales slump, for AMD at least.

NEWS SOURCE:theregister.co.uk

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles