AMD’s Q1 2020 earnings report points to substantial growth on the back of Ryzen 3000 CPU sales. AMD recorded a phenomenal 40 percent year on year increase in revenue between Q1 2020 and Q1 2019. Additionally, Team Red’s earnings per share increased by nearly 15 times over this same period, good news for anyone who bought AMD shares over the last year.
Much of this growth can be attributed to excellent, consistently high sales for desktop Ryzen processors, particularly the mass market Ryzen 5 3600 and Ryzen 7 3700X. In many markets, DIY PC makers are now overwhelmingly choosing Ryzen over Intel Coffee Lake parts, thanks to a much better price-performance ratio, higher core counts, and nearly the same levels of performance in modern games.
The Q1 2020 results, in particular, were also bolstered by AMD’s rollout of its Ryzen 4000 Renoir APUs for notebooks. A number of laptop makers, from Asus to Lenovo and others are integrating Ryzen 4000 parts like the Ryzen 7 4800H into cost-effective, high-performance notebook designs.
While Q1 2020 looks rosy, Q2 will likely be a bumpier ride, keeping the present global COVID-19 situation in mind.
