AMD has had its best quarter yet, as the chipmaker reported record revenue of $11.5bn for the second quarter, up 50% on a year earlier, as demand for AI hardware kept climbing.
The engine was the data centre which brought in $6.7bn, more than double last year’s figure and now 58% of the company, the clearest sign yet that AMD has a real foothold in the market Nvidia defined.
The profits followed the revenue as AMD posted adjusted earnings of $1.66 a share and a non-GAAP gross margin of 56%, and it guided to around $13bn in the current quarter, which would be another 41% jump.
Chief executive Lisa Su called it an excellent quarter and said AI was driving compute demand across every market. The rest of the business was mixed, with client chips up 23% and embedded up 19%, while gaming slid 31%.
The guidance was the loudest signal. AMD expects around $13bn in the third quarter, a 13% step up in a single quarter, which is the sort of sequential jump that only happens when data-centre orders are stacking up faster than the company can book them.
