AMD, which is raking in cash from its CPUs and GPUs, said higher price tags on its components helped bolster its financial results for the third quarter of this year.
Its CPU and GPU average selling prices were higher compared to the previous quarter and year, which helped grow revenue. This increase was "driven by a richer mix of Ryzen processor sales," and "by high-end Radeon graphics product sales and AMD Instinct data center GPU sales," the business stated.
"AMD had another record quarter as revenue grew 54 per cent and operating income doubled year-over-year," said AMD president and CEO Dr Lisa Su.
"Third-gen Epyc processor shipments ramped significantly in the quarter as our data centre sales more than doubled year-over-year. Our business significantly accelerated in 2021, growing faster than the market based on our leadership products and consistent execution."
The full GAAP results are summarized below:
Revenue rose 54 per cent compared to the same quarter last year to $4.3 billion.
Net income was up 137 per cent at $923 million compared to the same time last year, and up 30 per cent quarter on quarter.
Earnings per share will please investors. AMD is paying out $0.75 per share for the quarter, up 134 per cent on this time last year, and 29 per cent on the quarter.
The chip biz reported its Computing and Graphics segment revenue was $2.4 billion – up 44 per cent from a year ago. Radeon and Ryzen sales were strong drivers in the segment.
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For the Enterprise, Embedded and Semi-Custom division, Epyc sales saw strong growth, as did custom processors. AMD reported this sector made $1.9 billion – up 69 per cent year-on-year.
Microsoft and AMD apparently worked together to tune Windows 11 to the latter's chips. Even so, some AMD PCs suffered performance issues with Windows 11 and a fix was issued last week. Lenovo recently started shipping Windows 11 PCs with AMD brains inside.
Looking ahead, AMD predicted full-year revenues to grow around 65 per cent – higher than previous forecasts. ®