Gaming PC

AMD’s Data Center Sales Set Records, Consumer Products Disappoint

AMD announced its financial results for the third quarter of 2022 on Tuesday. In total, he hit $5.6 billion in revenue for the company as CPU and GPU sales for AMD’s client segment were sluggish. Meanwhile, AMD’s data center product sales set new records as demand for its EPYC CPUs, Pensando DPUs and Xilinx Field Programmable Gate Array products remains strong.

Dr. Lisa Su, Head of AMD, said: “Despite a challenging macro environment, revenue increased 29% year-over-year driven by growth in data center, embedded and game console product sales. Our leadership product portfolio, strong balance sheet and continued growth opportunities. We are confident that our data center and embedded businesses are well suited to navigate current market dynamics.”

Strong Data Center and Gaming Earnings

(Image credit: AMD)

AMD’s Q3 2022 revenue reached $5.565 billion, up 29% year-over-year but down $985 million from the previous quarter. The company’s gross margin declined to 42% from 48% in the same period last year. As for net income, he fell to $66 million from $923 million in the third quarter of 2022, but earnings per share fell to $0.04, down from $0.75 a year ago. . AMD highlighted lower profitability due to amortization of intangible assets and increased R&D investment related to the Xilinx acquisition, partially offset by his $135 million tax benefit in the quarter. I was.

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