AMD posts record $13.4bn quarter as data centre sales nearly double, and guides to about $17bn next quarter
Data Center revenue hit a record $8.5bn, up 97% year on year, on EPYC CPUs and the MI450 GPU launch; the shares rose about 7% after hours.
Why it matters
AMD's numbers land days after Intel reported 78% data centre growth but saw its stock fall 29% on weak guidance, according to CNBC. Data centre now makes up 64% of AMD's revenue, up from 47% a year ago, while gaming revenue fell 40%. The fourth-quarter guide of about $17bn, plus or minus 3%, implies roughly 66% year-on-year growth. Watch whether the Helios and Venice production ramp delivers that, and how the results feed into the debate about AI overspending.
Key facts
- Q3 revenue: $13.4bn, up 45% year on year
- Data Center revenue: $8.5bn, up 97%
- Non-GAAP EPS: $2.09
- Q4 outlook: about $17bn, plus or minus 3%
- Q4 non-GAAP gross margin outlook: about 55%
- Gaming revenue: $773m, down 40%