amd reports record revenue but q4 forecast raises concerns

AMD has reported impressive financial results for the third fiscal quarter, with record revenue of $6.8 billion, driven by strong performance in the data center and client segments.

Revenue Breakdown

The data center segment achieved remarkable revenue growth of 122% year-over-year, thanks to robust sales of AMD's Epyc CPUs and Instinct GPUs.

The client segment also showed positive growth, fueled by demand for the Zen 5 Ryzen processors.

However, the gaming segment faced challenges, with revenue declining by 69% due to lower semi-custom revenue.

The embedded segment also reported a decrease in revenue.

Gross Margins

Despite these setbacks, AMD's overall gross margins improved to 54%.

Future Outlook

Looking ahead, AMD remains optimistic about its trajectory and expects to achieve record annual revenue for 2024.

The company's competitive positioning is strong compared to Intel, and it is well-positioned to capture a larger share of the growing demand for advanced computing technologies.

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