AMD announced that it earned a net income of $555 million on revenues of $3.4 billion in the quarter ending March 31. Those figures represent year-over-year (YOY) growth of 243 percent and 93 percent, respectively.
“Our business continued to accelerate in the first quarter driven by the best product portfolio in our history, strong execution, and robust market demand,” AMD president and CEO Dr. Lisa Su said. “We had outstanding year-over-year revenue growth across all of our businesses and data center revenue more than doubled. Our increased full-year guidance highlights the strong growth we expect across our business based on increasing adoption of our high-performance computing products and expanding customer relationships.”
AMD saw revenue growth in both of its major business units. Computing and Graphics delivered $2.1 billion in revenues, up 46 percent YOY, while Enterprise, Embedded, and Semi-Custom delivered another $1.35 billion, up 286 percent YOY. “The year-over-year increase [in the latter business unit] was driven by higher semi-custom product sales and EPYC processor revenue,” AMD said. “The quarter-over-quarter increase was driven by higher EPYC processor sales partially offset by lower semi-custom product sales.”
In the PC space, AMD says it is on track to deliver 50 percent more Ryzen 5000 Series Mobile Processors and Ryzen PRO 5000 Series Mobile Processors than with the previous generation, with PC makers such as Acer, Asus, HP, and Lenovo, and others embracing the new chipsets.
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