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Superior Micro Gadgets reported document income of $6.8 billion for the third fiscal quarter, up 18% from a yr in the past. However the shares fell because of a disappointing forecast for the fourth quarter.
AMD noticed document information heart section income of $3.5 billion within the quarter, up 122% from a yr in the past. It was pushed by document Epyc CPU and Intuition GPU revenues.
Consumer income within the quarter was $1.9 billion, up 29% from a yr in the past. That was pushed by robust demand for Zen 5 Ryzen processors.
The weak half was the gaming section, which noticed income of $462 million, down 69% from a yr in the past because of decrease semi-custom income. That income primarily comes from gross sales from sport console revenues.
Embedded section income of $927 million, down 25% from a yr in the past as prospects continued to normalize stock ranges. Non-GAAP gross margins have been 54%, up 3 proportion factors from a yr in the past due to success within the information heart. Web revenue was $1.5 billion, up 33%.
AMD estimated This autumn income will likely be $7.5 billion, plus or minus $300 million. It cited provide chain constraints hurting the general means to fulfill demand.
“We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors,” stated AMD CEO Lisa Su, in a press release. “Looking forward, we see significant growth opportunities across our data center, client and embedded businesses driven by the insatiable demand for more compute.”
“We are pleased with our execution in the third quarter, delivering strong year-over-year expansion in gross margin and earnings per share,” stated AMD CFO Jean Hu, in a press release. “We are on-track to deliver record annual revenue for 2024 based on significant growth in our Data Center and Client segments.”
If there’s something to place AMD’s success in perspective, it’s solely to look over at its rival Intel to see how robust a time it’s having now.
