Microprocessor maker AMD reported a internet earnings of $123 million on revenues of $5.5 billion for the quarter ending March 30. Income was up simply 2 p.c, however the outcomes have been barely higher than anticipated.
“We delivered robust first quarter outcomes with our Information Heart and Consumer segments every rising greater than 80 p.c year-over-year,” AMD chair and CEO Dr. Lisa Su mentioned. “That is an extremely thrilling time for the trade as widespread deployment of AI is driving demand for considerably extra compute throughout a broad vary of markets. We’re executing very nicely as we ramp our knowledge middle enterprise and allow AI capabilities throughout our product portfolio.”
Home windows Intelligence In Your Inbox
Join our new free e-newsletter to get three time-saving suggestions every Friday — and get free copies of Paul Thurrott’s Home windows 11 and Home windows 10 Discipline Guides (usually $9.99) as a particular welcome reward!
“*” signifies required fields
AMD’s Information Heart enterprise carried the day with $2.3 billion in revenues, a achieve of 180 p.c YOY. The corporate reported report knowledge middle GPU gross sales, with its MI300 surpassing $1 billion in cumulative revenues since its launch in late 2023. The MI300X mannequin is utilized by Microsoft, Meta, and Oracle of their datacenters.
The Consumer group delivered one other $1.4 billion in revenues, up 185 p.c YOY, pushed primarily by AMD’s AI-accelerated Ryzen 8000 sequence processors. AMD says that over 150 companions will ship AI PCs primarily based on its processors by the tip of 2024, and it’s on monitor to launch its next-generation “Strix Level” processors within the second half of the yr.
Gaming supplied one other $922 million in revenues, down 54 p.c YOY, whereas Embedded ($846 million, down 54 p.c) and All Different (an working lack of $1 billion) introduced up the rear.
Wanting forward, AMD mentioned that it will seemingly expertise 6 p.c YOY progress within the subsequent quarter. Oddly, this didn’t impress buyers, with AMD’s inventory worth taking a success in after-hours buying and selling.