AMD's record quarter: Data center business doubles, while gaming craters
AMD's third-quarter earnings saw 45% year-over-year revenue growth, driven largely by data center expansion. The data center segment alone grew 97% to $8.5 billion, fueled by demand for EPYC server CPUs and new Instinct MI450 GPUs. AMD's Q4 guidance projects approximately 66% year-over-year growth, potentially exceeding Intel's revenue in the same period—a historic milestone for the company.
Key points
- AMD Q3 revenue reached record $13.4 billion, up 45% year-over-year
- Data center segment nearly doubled to $8.5 billion on EPYC and Instinct demand
- Q4 guidance suggests AMD may surpass Intel in revenue for the first time
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Ars Technica did the reporting; read the original for the full story.
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