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AMD saw a significant increase in revenue for its consumer CPUs and APUs business in the past quarter, reaching $1.4 billion, marking an 85 percent boost from the previous year. The surge in revenue was primarily attributed to the strong sales performance of the Ryzen 8000 processors.
Despite the impressive growth in turnover compared to the previous year, AMD noted a 6 percent increase in the last quarter of 2023. The gaming division, inclusive of consumer GPUs and console SoCs, recorded a revenue of $922 million, reflecting a 48 percent decline from the previous year. The company attributed this decline to lower sales of console SoCs and reduced demand for Radeon GPUs.
Conversely, the 'embedded' segment experienced a significant drop in revenue, with a turnover of $846 million in the last quarter, a 46 percent decrease from the previous year. On a positive note, the data center division achieved a record turnover of $2.3 billion, marking an 80 percent increase from the previous year. This growth was driven by a rise in sales of Instinct GPUs and fourth-generation EPYC CPUs. Despite a decrease in server CPU sales due to seasonal factors, the data center division still managed to maintain a 2 percent increase in turnover from the previous quarter.
CEO Lisa Su highlighted that the next generation EPYC processors, codenamed Turin, are currently being extensively sampled, with plans for a launch later this year. These processors, featuring Zen 5 cores, are anticipated to succeed the existing Genoa and Bergamo chips.
Overall, AMD's total turnover for the past quarter stood at $5.47 billion, marking a 2 percent increase from the previous year. Gross profit saw a rise to $2.56 billion, up by 9 percent, while net profit surged to $123 million, representing a significant 188 percent increase from the previous year. Looking ahead, AMD anticipates revenue of $5.7 billion for the next quarter, signaling a 6 percent growth compared to the previous year.
Source: The Motley Fool
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