About $13.4B: AMD third-quarter revenue up 45%
AMD reported third-quarter revenue of $13.4 billion, up 45% from a year ago. Data center rose 97%.
AMD sold and earned much more than a year ago. The biggest reason is that many companies buy its machines to run AI. Gaming sales went down.
+45%revenue growth year on year
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Why it matters
AMD sells processors and AI accelerators to data centers, and that now drives its results more than PCs or gaming.
For most people
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The details
- Revenue was $13.4 billion, up 45% from the same quarter last year.
- Net income was $2.4 billion, up 95%, with earnings of $1.46 per share.
- Data center revenue was $8.5 billion, up 97%.
- Client revenue was $2.9 billion, up 7%, while Gaming was $773 million, down 40%.
- Embedded revenue was $1.1 billion, up 29%.
WatchWatch: data center growth is what drives the company right now.
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