AMD's AI data center division doubles year-over-year thanks to hit AI-specific chips, reporting record revenue of $2.8 billion in the second quarter of 2024
Chipmaker AMD has announced its financial results for the second quarter (April to June) of 2024. In particular, the data center division grew by about double compared to the previous year due to a surge in shipments of AI-specialized chips, recording a record revenue of $2.8 billion (about 428 billion yen).
AMD Reports Second Quarter 2024 Financial Results :: Advanced Micro Devices, Inc. (AMD)
AMD is becoming an AI chip company, just like Nvidia - The Verge
https://www.theverge.com/2024/7/30/24209938/amd-q2-2024-earnings-datacenter-ai-revenue
Below are the GAAP (top) and non-GAAP (bottom) accounting reports. Total revenue for the second quarter of 2024 was $5.835 billion (approximately 890 billion yen), up approximately 9% from the same period last year and 7% from the previous quarter. Operating income (non-GAAP) was $1.264 billion (approximately 193 billion yen), up 18% from the same period last year and 12% from the previous quarter. Net income (non-GAAP) was $1.126 billion (approximately 172 billion yen), up 19% from the same period last year and 11% from the previous quarter.
According to AMD, data center revenue reached a record high of $2.8 billion, up 115% year over year. AMD explained that this was due to a surge in shipments of AMD's
AMD has been offering its AI-focused chip, the Instinct MI300X , since December 2023, and will continue to release new AI-focused chips every year. In addition, during its Q2 2024 earnings call, AMD announced that it plans to launch the MI325X in Q4 2024, the MI350 in 2025, and the MI400 in 2026.
AMD CEO Lisa Su reported that AMD's AI-focused chips achieved sales of over $1 billion (about 152 billion yen) in the first quarter. However, supply is not keeping up with the rapidly increasing demand, and commented, 'We are manufacturing and selling as many MI300X chips as possible, but despite improvements in the supply chain, supply will remain tight until 2025.'
Client division revenue was $1.5 billion (approximately 230 billion yen), up 49% year-on-year and 9% quarter-on-quarter. This was mainly due to sales of Ryzen processors. Gaming division revenue fell sharply due to sluggish sales of PlayStation 5 and Xbox Series X/S and a decline in consumer semi-custom revenue, down 59% year-on-year and 30% quarter-on-quarter to $648 million (approximately 99 billion yen).
Embedded revenue was $861 million, up 2% from the previous quarter but down 41% from the same period last year, AMD explained as a result of 'customers trying to clear inventory.'
Following AMD's second quarter 2024 financial results report, IT news media The Verge said, 'AMD appears to be following a similar path to NVIDIA,' predicting that AMD will focus on developing AI-specialized chips for data centers, just like NVIDIA.
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in Hardware, Posted by log1i_yk