336

AMD has been posting 50% year-over-year revenue growth for five consecutive quarters, driven by increased demand for powerful client and server CPUs, as well as PCs and servers. The hardware maker announced new record revenues for the company as it managed to increase the supply of its latest products in high demand.

The Red team earned $4.313 billion in the quarter ending September 25, 2021 (up 54% from the previous year), more than it earned for the full year 2016. The company’s quarterly gross profit was $2,086 billion, while net income was $923 million, compared to $320 million year-on-year. AMD’s gross margin remained at 48%, while earnings per share reached $0.75.

AMD president and CEO Dr. Lisa Su said, “AMD had another record quarter as revenue grew 54% and operating income doubled year over year. ” says. “Our data center sales have more than doubled year over year, while 3rd Gen EPYC processor shipments have increased significantly this quarter. Our business accelerated significantly in 2021, growing faster than the market based on our leadership products and consistent execution. ” he adds.

It is noteworthy that AMD’s stocks at the end of the third quarter were worth $1,902 billion. This appears to be the result of improved procurement by AMD’s partners and perhaps a preference for more expensive products.

With the demand for PCs, servers and consoles remaining strong and the supply situation improving, the company’s expectations for the last quarter are much higher. AMD expects its revenue to grow to $4.5 billion, up approximately 39% compared to Q4 2020 and 4% quarter on quarter.

The tech giant also attributes its third-quarter growth to increased demand for console SoCs alongside EPYC processors. Finally, year-on-year revenue is expected to increase 65% year-on-year, thus setting a new all-time record.


Like it? Share with your friends!

336
Michael Lewis

0 Comments

Your email address will not be published. Required fields are marked *