AMD's record quarter: Data center business doubles, while gaming craters
AMD's gaming revenue fell 40 percent in an otherwise record $13.4 billion quarter.
AMD disclosed a record $13.4 billion in revenues for the third quarter, marking a 45% year-over-year increase, as the data center business nearly doubled while the gaming segment declined. CFO Jean Hu anticipated revenues of around $17 billion, reflecting a 66% YoY growth driven by the accelerating Data Center segment. AMD forecasts a 27% rise in Q4 revenues from this quarter's results.
Intel's Q4 guidance anticipates revenues between $15 and $16 billion, potentially making AMD surpass Intel's revenue in the fourth quarter for the first time. AMD's data center segment surged by 97% YoY, generating $8.5 billion, attributed to demand for EPYC enterprise server CPUs and the release of the Instinct MI450 GPUs. Client business growth, including mobile Ryzen chips, contributed $2.95 billion, a 7% YoY increase.
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