Chipset maker AMD reported today that it earned a net income of $710 million on revenues of $3.8 billion in the quarter ending June 30. Those revenues are up 99 percent year-over-year (YOY).
“Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” AMD president and CEO Lisa Su said. “We are growing significantly faster than the market with strong demand across all of our businesses. We now expect our 2021 annual revenue to grow by approximately 60 percent year-over-year driven by strong execution and increased customer preference for our leadership products.”
AMD says its revenues growth was fueled by strong sales of its Computing and Graphics and Enterprise, Embedded, and Semi-Custom businesses.
Its Computing and Graphics business delivered revenues of $2.25 billion, up 65 percent YOY. The business grew the average selling price (ASP) of its client processors “driven by a richer mix of Ryzen desktop and notebook processor sales.” GPU ASP also grew YOY, “driven by high-end graphics product sales, including data center GPU sales.”
AMD’s Enterprise, Embedded, and Semi-Custom business reported revenue of $1.6 billion, up 183 percent YOY, and driven by higher EPYC processor revenue and semi-custom product sales.
AMD expects the good news to continue. It is projecting a 45 percent YOY improvement in revenues in the current quarter to about $4.1 billion, “driven by growth across all businesses.”
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