AMD forecasts record quarter as data-centre sales surge

Technology · First reported 4 Nov, 11:15 · Updated 11:58

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

AMD reported record third-quarter revenue and forecast about $17 billion for the current quarter, which would exceed Intel’s forecast if achieved. The results were led by data-centre growth, while gaming revenue fell and free cash flow declined.

AMD reported third-quarter revenue of $13.4 billion, up 45% year over year, and forecast roughly $16.5 billion to $17.5 billion for the next quarter.
Data-centre revenue rose 97% to a record $8.5 billion, around 64% of AMD’s total revenue.
Intel forecast $15 billion to $16 billion in revenue for the same quarter; AMD’s forecast would put it ahead if AMD reaches its guidance.
Gaming revenue fell 40% to $773 million, while client revenue rose 7% to $2.9 billion and embedded revenue rose 29% to $1.1 billion.
Operating income more than doubled to $2.8 billion, but free cash flow fell to $554 million from $1.53 billion a year earlier.