AMD in the second quarter, said the decline in sales of graphics cards for mining

One of the largest developers of graphics architectures, Advanced Micro Devices (AMD), announced the decline in sales of graphics processors (GPU) for miners in the second quarter of 2018.

In the results of the quarterly earnings report, the company reported declining revenues in the segment of Computing and Graphics by 3% compared to the first quarter. The income of the division amounted to $1.09 billion for the same period, 64% more than in the second quarter of 2017.

According to the CEO Lisa su, in the second quarter of about 6% profit, AMD had sales for miners, compared with 10% in the first quarter, that is, the sale of specialized graphics cards fell by about a third.

This quarterly decline was partly due to the decline in revenue from what she called «market block», i.e. miners who use AMD for mining cryptocurrency.

«The Computing and Graphics revenue was $1.09 billion, 64% more than in the previous year and 3% less than in the previous quarter. Revenue growth for the year was driven by good sales of the Radeon products and continued sales growth Ryzen. The decrease in revenue quarter compared to the previous mainly due to lower income from products GPU on the market blockchain», the report says AMD.

According to the representative of the manufacturer of graphics processors, this trend will continue, but the company expects that sales of other products offset the decline.

«In the third quarter of 2018, AMD expects revenue to be around $1.7 billion, plus or minus $50 million, which is approximately 7% more compared to the same period in 2017, and gross profit excluding the GAAP will increase to approximately 38% due to sales growth of products Ryzen and EPYC. This is partly kompensiruet decrease in sales of products GPU on the market blockchain», – stressed in AMD.

According to the head of the company, it expects further declining revenues from miners income in the third quarter.

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