AMD’s Information Heart Gross sales Set Data, Client Merchandise Disappoint

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AMD on Tuesday revealed its monetary outcomes for the third quarter of 2022. The corporate’s income totaled $5.6 billion primarily due to weak gross sales of AMD’s CPUs and GPUs for the consumer section. In the meantime, gross sales of AMD’s information heart merchandise set one other report as demand for EPYC CPUs, Pensando DPUs, in addition to Xilinx area programmable gate array merchandise remained sturdy.

“Third quarter outcomes got here in under our expectations as a result of softening PC market and substantial stock discount actions throughout the PC provide chain,” mentioned Dr. Lisa Su, the pinnacle of AMD. “Regardless of the difficult macro setting, we grew income 29% year-over-year pushed by elevated gross sales of our information heart, embedded and recreation console merchandise. We’re assured that our management product portfolio, sturdy stability sheet, and ongoing progress alternatives in our information heart and embedded companies place us effectively to navigate the present market dynamics.”

Robust Information Heart and Gaming Income

(Picture credit score: AMD)

AMD’s Q3 2022 income reached $5.565 billion, up 29% year-over-year however down $985 million in comparison with the earlier quarter. The corporate’s gross margin dropped to 42%, down from 48% in the identical quarter a yr in the past. As for web revenue, it cratered to $66 million from $923 million in Q3 2022, whereas the corporate’s earnings per share declined to $0.04, down from $0.75 a yr in the past. AMD burdened that its profitability decreased as a result of amortization of Xilinx acquisition-related intangible property and elevated R&D investments, partially offset by a $135 million tax profit within the quarter.

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