Processor maker AMD announced last night that it earned net income of $157 million on revenues of $1.93 billion for the quarter ending June 30. Revenues exploded by 26 percent year-over-year (YOY).
“We delivered strong second quarter results, led by record notebook[,] and server processor sales as Ryzen and EPYC [server/datacenter processor] revenue more than doubled from a year ago,” AMD president and CEO Lisa Su said in a prepared statement. “Despite some macroeconomic uncertainty, we are raising our full-year revenue outlook as we enter our next phase of growth driven by the acceleration of our business in multiple markets.”
AMD says that the surge was driven by “higher Computing and Graphics segment revenue,” and that its net income grew from $35 million one year ago to $157 million this past quarter. Revenues from its Computing and Graphics business hit $1.37 billion, up 45 percent YOY. AMD’s Enterprise, Embedded and Semi-Custom business generated revenues $565 million, down 4 percent YOY. And its All Other business reported an operating loss of $60 million compared to $52 million a year ago.
Looking ahead, AMD expects revenues in the current quarter to land at about $2.55 billion, which would represent growth of over 40 percent YOY. “The year-over-year and sequential increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom product,” the firm reported.