AMD Data Center Revenue Jumps 107% to $6.7 Billion as AI Demand Offsets 31% Gaming Drop
Updated
Updated · The Verge · Aug 4
AMD Data Center Revenue Jumps 107% to $6.7 Billion as AI Demand Offsets 31% Gaming Drop
3 articles · Updated · The Verge · Aug 4
Summary
$6.7 billion in data center sales made up 58% of AMD's quarterly revenue, rising from $5.8 billion in Q1 and $3.2 billion a year earlier.
AI compute demand drove the surge, helping AMD post record total revenue of $11.5 billion, up 50% year over year, with CEO Lisa Su citing stronger customer visibility.
Gaming revenue fell 31% to $779 million as price hikes and component shortages slowed Xbox, PS5 and Steam Deck sales, even as client revenue rose 23% on Ryzen processors.
The strong quarter still failed to satisfy some investors: AMD's stock fell after it guided for about $13 billion in Q3 revenue, below the loftiest AI-fueled expectations.