AMD’s AI engine shifts into higher gear as data center revenue more than doubles, Helios ramps & market is confused
Advanced Micro Devices Inc. delivered another strong quarter Tuesday, beating Wall Street expectations as its artificial intelligence infrastructure business continued its rapid expansion. The company posted 107% year-over-year growth in data center revenue, reinforcing that AMD is becoming a formidable challenger in the race to power enterprise AI.
The Santa Clara, California-based chipmaker reported second-quarter revenue of $11.54 billion, up 50% from a year earlier, with net income of $2.3 billion, or $1.38 per share. On a non-GAAP basis, earnings came in at $1.66 per share, ahead of analyst expectations of $1.61 per share on revenue of $11.31 billion.
The headline number was data center revenue, which reached $6.7 billion, accounting for 58% of total company revenue and underscoring AMD’s continued transition from a diversified semiconductor company into an AI infrastructure powerhouse.
“The second half of the year begins with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp,” Chair and Chief Executive Lisa Su said in the earnings release.
