AMD's record quarter: Data center business doubles, while gaming craters
Summary
AMD reported record third-quarter revenue of $13.4 billion, up 45% from a year earlier, as data center sales nearly doubled. Gaming revenue fell 40% to $773 million, while AMD forecast about $17 billion in fourth-quarter revenue, a level that would exceed Intel’s revenue if both companies meet their forecasts.Key Facts
- AMD’s third-quarter revenue reached a record $13.4 billion.
- Data center revenue rose 97% year over year to $8.5 billion.
- AMD said demand for EPYC server CPUs and the launch of Instinct MI450 GPUs drove data center growth.
- Client segment revenue was $2.95 billion, up 7% year over year, with Ryzen mobile chip sales leading growth.
- Gaming revenue fell 40% to $773 million, mainly because of lower semi-custom sales as the console cycle advances.
- Embedded segment revenue rose 29% to $1.1 billion.
- AMD forecast fourth-quarter revenue of about $17 billion, plus or minus 3%; Intel forecast revenue between $15 billion and $16 billion.
- AMD said its Threadripper Halo Station is planned for release in 2027, with pricing not yet announced.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
