AMD posts disappointing results

Stefan Mileschin · 3rd November 2022, 08:05

Seven out of ten, "must try harder"

AMD’s financial results for the third quarter of 2022 were rather disappointing to those who hoped to see the company continue to make gains over Intel.

The company's revenue totalled $5.6 billion because of weak sales of AMD's CPUs and GPUs for the client segment. On the plus side, sales of AMD's data centre products saw demand for EPYC CPUs, Pensando DPUs, as well as Xilinx field programmable gate array products growing.

AMD boss Lisa Su said that the third quarter results came in below expectations due to the softening PC market and substantial inventory reduction actions across the PC supply chain.

"Despite the challenging macro environment, we grew revenue 29 per cent year-over-year, driven by increased sales of our data centre, embedded and game console products. We are confident that our leading product portfolio, strong balance sheet, and ongoing growth opportunities in our data centre and embedded businesses position us well to navigate the current market dynamics."

https://fudzilla.com/news/55761-amd-...inting-results

3rd November 2022, 08:05	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,802	AMD posts disappointing results Seven out of ten, "must try harder" AMD’s financial results for the third quarter of 2022 were rather disappointing to those who hoped to see the company continue to make gains over Intel. The company's revenue totalled $5.6 billion because of weak sales of AMD's CPUs and GPUs for the client segment. On the plus side, sales of AMD's data centre products saw demand for EPYC CPUs, Pensando DPUs, as well as Xilinx field programmable gate array products growing. AMD boss Lisa Su said that the third quarter results came in below expectations due to the softening PC market and substantial inventory reduction actions across the PC supply chain. "Despite the challenging macro environment, we grew revenue 29 per cent year-over-year, driven by increased sales of our data centre, embedded and game console products. We are confident that our leading product portfolio, strong balance sheet, and ongoing growth opportunities in our data centre and embedded businesses position us well to navigate the current market dynamics." https://fudzilla.com/news/55761-amd-...inting-results

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Apple posts below par results	Stefan Mileschin	WebNews	0	31st October 2022 13:24
AMD posts impressive Q4 2020 and FY 2020 financial results	Stefan Mileschin	WebNews	0	28th January 2021 07:44
SAP shares fall on disappointing margins	Stefan Mileschin	WebNews	0	19th July 2019 09:22
Google adds tweet-like posts from musicians to search results	Stefan Mileschin	WebNews	0	14th March 2018 19:01
Analysts expect IPhoneX to be disappointing	Stefan Mileschin	WebNews	0	28th October 2017 08:40
HTC has already cut the disappointing U Ultra's price	Stefan Mileschin	WebNews	0	18th April 2017 08:01
AMD Radeon RX 480 posts impressive results in 3DMark 11 Performance benchmark	Stefan Mileschin	WebNews	0	14th June 2016 13:25
Apple posts results lower than expectations	Stefan Mileschin	WebNews	0	28th October 2015 14:21
Yahoo Posts Q4 Results: Down Year Over Year, But Moving In The Right Direction	jmke	WebNews	0	27th January 2010 15:40
HD-DVD and Blu-Ray Disappointing So Far	jmke	WebNews	4	5th September 2006 02:13