AMD revenue rises thanks to PlayStation 4 and Xbox One

While AMD isn’t exactly a financially  leading company when it comes to GPUs, it does seem to be coming back up into the forefront. The company has revealed its financial results for the third quarter, and according to VentureBeat , it seems to have beaten the relatively lower expectations set for it by the Wall Street Journal. The revenues of AMD are currently at $1.46 billion.

The relatively high revenue is undoubtedly because AMD has started shipping large volumes of its chips for the upcoming next-gen consoles — the PlayStation 4 and Xbox One.

One of the reasons for AMD’s revenue

“AMD returned to profitability and generated free cash flow in the third quarter as we continued to successfully execute the strategic transformation plan we outlined a year ago,” said Rory Read, AMD’s president and CEO, in a statement. “We achieved 26 percent sequential revenue growth driven by our semi-custom business and remain committed to generating approximately 50 percent of revenue from high-growth markets over the next two years. Developing industry-leading technology remains at our core, and we are in the middle of a multi-year journey to redefine AMD as a leader across a more diverse set of growth markets.”

The PlayStation 4 and Xbox One are expected to hit their first markets in November. Both consoles use the same AMD chip, which has been codenamed Jaguar. Other specifications between the consoles are more-or-less the same, except for the memory at use. While the PlayStation 4 uses high-speed DDR5 RAM, Xbox One uses DDR3 RAM along with some ESRAM.