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AMD has reported its financial results for the third quarter of 2020, and it has been another record period for the increasingly prosperous company.
The company reported revenue of $ 2.8 billion, which was up 56 percent year-over-year and 45 percent compared to the prior quarter. This was driven by higher revenues in the Enterprise Embedded and Semi-Custom segments and the Computing and Graphics segments. How much higher, you ask? Much higher. The Computing and Graphics segment posted revenues of $ 1.67 billion, an increase of 31 percent year-over-year and 22 percent compared to the last quarter. AMD has cited that this is due to a significant increase in Ryzen processor sales that has been partially offset by lower graphics revenue.
While that sounds pretty optimistic, things have gotten even better when it comes to the Enterprise, Embedded, and Semi-Custom segment. There, revenue was $ 1.13 billion, 116 percent more than last year and 101 percent quarter-on-quarter. This is due to a combination of higher sales of semi-custom products and higher sales of EPYC processors.
Understandably, then, Dr. Lisa Su, AMD president and CEO, had a lot of positive things to say. “Our business accelerated in the third quarter as strong demand for our PC, gaming and data center products generated record quarterly revenue“He pointed. Continuing,”We report our fourth consecutive quarter with revenue growth of more than 25 percent year-over-year, highlighting our significant customer momentum. We are well positioned to continue to deliver best-in-class growth as we further expand our leadership product portfolio with the launches of our next generation Ryzen, Radeon and EPYC processors.. ”
That certainly seems to be the case for AMD which has enjoyed a fantastic quarter with growth that looks set to continue for a while. AMD’s outlook for the fourth quarter of 2020 is expectations that will even reach $ 3 billion, an increase of about 41 percent year-over-year and 7 percent compared to the previous quarter. He hopes this will be driven by new Ryzen, EPYC, and semi-custom products, along with growing momentum from customers.
Given that the new Ryzen processors will be released shortly, and there’s the not-so-small matter of the RX 6000 series announcement later today, AMD has plenty of good reason to be happy with their development and positive with growth in the months ahead. At this rate, Intel will want to feel nervous.
