AMD’s Q3 sales were up 36% YoY to $9.25 billion.
“We delivered an outstanding quarter, with record revenue and profitability reflecting broad based demand for our high-performance EPYC and Ryzen processors and Instinct AI accelerators,” said CEO Lisa Su (pictured) “our record third-quarter performance and strong fourth-quarter guidance marks a clear step up in our growth trajectory as our expanding compute franchise and rapidly scaling data center AI business drive significant revenue and earnings growth.”
However, the increased performance came from PC , not datacentre. Whereas datacentre sales rose 22% to $4.3 billion, PC sales rose 73% to $4 billion and market expectations of higher growth for AI chips in datacentres resulted in the shares being marked down.
AMD did AI chip datacentre deals with OpenAI and Oracle in the quarter.
AMD’s Q4 revenue prediction was $9.6 billion..
