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3rd November 2022, 08:05 | #1 |
[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 |
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