Components peripherals News
AMD CEO On EPYC Momentum, Xilinx Gambit And Gaming GPUs
The Santa Clara, Calif. chipmaker brings data center heat and beats second quarter estimates, but warns a cooldown is coming.
AMD posted impressive Q2 earnings on Tuesday considering rival Intel’s dismal quarterly results last week. And AMD CEO Lisa Su took the opportunity to crow about the company’s gains in data center business, PC and laptop chip sales, and gaming products, and embedded segment.
AMD has surpassed Intel in market capitalization after Intel’s stock slipped following its second quarter earnings report. While AMD’s stock dropped slightly after its earnings report, analysts generally cited the strong quarterly performance. That drop was likely due to AMD providing guidance that the third quarter’s results will likely miss analysts’ targets due to an overall market slowdown.
Overall, it was an impressive quarter for AMD as the company posted $6.6 billion revenue – its highest quarterly revenue ever and an increase of 70 percent year-over year.
“AMD has been winning on all fronts lately – on performance, availability, technology, and price,” said Mike Turicchi, vice president of Gaineville, Va.-based NCS Technologies. “All signs are pointing to a softening economy overall and it is in their best interest to be conservative on their third quarter forecast. AMD has found their groove.”
CRN takes a look at Su’s biggest statements for AMD’s record-setting quarter: