AMD's second quarter was paced by $2.8 billion in data center revenue, up 115% from a year ago.
The chipmaker, which is chasing Nvidia in GPUs and accelerated computing, reported second quarter net income of $265 million, or 16 cents a share, on revenue of $5.8 billion, up 9% from a year ago. Non-GAAP earning in the second quarter was 69 cents a share.
Wall Street was expecting AMD to report second quarter earnings of 68 cents a share on revenue of $5.72 billion.
- AMD acquires Silo AI for $665M as it builds out AI ecosystem, genAI stack
- AMD outlines new GPUs, Instinct accelerators with annual cadence
- AMD sees AI inference, training workloads increasing in enterprise
- AMD Q1 delivers data center, AI sales surge of 80%
In a statement, AMD CEO Lisa Su said company saw record data center revenue in the second quarter. Su added:
"Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors. The rapid advances in generative AI are driving demand for more compute in every market."
As for the outlook, AMD said it expects revenue of $6.7 billion, give or take $300 million. For the third quarter Wall Street analysts were modeling earnings of 94 cents a share on revenue of $6.61 billion.
Data center revenue in the second quarter accounted for the bulk of AMD's operating income followed by embedded.
By the numbers for the second quarter:
- AMD reported client revenue of $1.5 billion, up 49% from a year ago. Demand was driven by AMD Ryzen processors.
- Gaming revenue fell 59% in the second quarter from a year ago to $648 million.
- Embedded revenue in the quarter was $861 million, down 41% from a year ago.
