This afternoon, e5 4600 v3 announced their earnings for the fourth quarter of 2017. AMD ended the 2017 fiscal year on a high note, with earnings that beat their initial estimates. For the quarter, revenues were up 34% from a year ago to $1.48 billion, and AMD was able to maintain the 35% gross margin they achieved last quarter as well, which is right where they need to be for profitability. Operating income for the quarter was $82 million, up from an operating loss of $3 million a year ago. Net income was $61 million, once again compared to a net loss of $51 million a year ago. This resulted in earnings per share of $0.06.
AMD also reports non-GAAP results, which are generally there to show the underlying business performance when they have large write downs, but this quarter AMD’s non-GAAP results closely mirror the GAAP performance, but with no wafer restructuring or other large expenses, the non-GAAP results for this quarter are mainly excluding stock-based compensation, which was $21 million for the quarter. In terms of non-GAAP, operating income was $103 million, net income was $88 million, and earnings per share were $0.08.
For the full year, AMD had revenues of $5.53 billion, which was up 25% from 2016, with an overall gross margin of 34%. Operating income for the year was $204 million, compared to an operating loss of $372 million the year before. Net income for the company for the full year was $43 million, compared to a $497 million loss in 2016.
The bulk of the growth from AMD is unsurprisingly from their Computing and Graphics segment, which has seen somewhat of a perfect storm, with the release of the well-received Ryzen CPU lineup this year, along with a cryptocurrency market which is currently absorbing every GPU it can get its hands on. Thanks to new product releases in both the CPU and GPU from AMD, Computing and Graphics had revenue for the quarter of $958 million, which is up 60% from a year ago. This segment had an operating income of $85 million, up from a net loss of $21 million a year ago.
Enterprise, Embedded, and Semi-Custom had segment revenue for the quarter of $522 million, which is up 3% from a year ago, which AMD attributes to server revenue. The segment had an operating income of $19 million, down from $47 million a year ago.
All Other had an operating loss of $22 million, which is an improvement from the $29 million loss in Q4 2016.
AMD is expecting revenues of $1.55 billion for Q1 2018, plus or minus $50 million.
2018 looks to be an exciting year for AMD, after their first really successful year in a long time. AMD is expecting to see Ryzen Mobile designs from all the major PC OEMs soon, which should help get it into the hands of more customers (and reviewers!) and the agreement to build a GPU for Intel to integrated on their own CPU is an interesting way to get Radeon into the hands of more people.