- Aug 17, 2014
- 11,108
AMD on Tuesday revealed its financial results for the third quarter of 2022. The company's revenue totaled $5.6 billion primarily because of weak sales of AMD's CPUs and GPUs for the client segment. Meanwhile, sales of AMD's data center products set another record as demand for EPYC CPUs, Pensando DPUs, as well as Xilinx field programmable gate array products remained strong.
"Third quarter results came in below our expectations due to the softening PC market and substantial inventory reduction actions across the PC supply chain," said Dr. Lisa Su, the head of AMD. "Despite the challenging macro environment, we grew revenue 29% year-over-year driven by increased sales of our data center, embedded and game console products. We are confident that our leadership product portfolio, strong balance sheet, and ongoing growth opportunities in our data center and embedded businesses position us well to navigate the current market dynamics."
(Image credit: AMD)
AMD's Data Center Sales Set Records, Consumer Products Disappoint
AMD suffers from lower-than-expected client product sales, but data center products sell well.
