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Superior Micro Gadgets report that its revenues for the second quarter have been $5.8 billion, up 9% from a 12 months in the past and above analyst expectations.
The outcomes have been pushed by file information middle phase income, because the outcomes have been $2.8 billion, up 115% in comparison with a 12 months in the past. The quarter additionally noticed development pushed by the steep ramp of AMD Intuition graphics processing unit (GPU) shipments and powerful development in 4th Gen Epyc gross sales. The weak spot within the quarter was recreation console chips, because the console cycle is in its fifth 12 months.
In comparison with the prior quarter, AMD additionally noticed robust momentum in Intuition GPU shipments. Consumer phase income was $1.5 billion, up 49% from a 12 months in the past and 9% over the prior quarter pushed by AMD Ryzen processor gross sales.
The gaming phase income, nevertheless, was weak at $648 million, with a drop of 59% from a 12 months in the past and a drop of 30% from the prior quarter primarily as a result of a decrease semi-custom income because the console {industry} is within the fifth 12 months of recreation console cycle.
The embedded phase income was $861 million, down 41% from a 12 months in the past as clients continued to normalize stock ranges. Gross revenue margins have been 53% on a non-GAAP foundation, and internet revenue was $1.1 billion, up 19% from a 12 months in the past and 11% from the earlier quarter. Earnings per share have been 69 cents on a non-GAAP foundation, up 19% from a 12 months in the past and 11% from the prior quarter.
For steerage, AMD mentioned it expects Q3 24 income to be $6.7 billion, plus or minus $300 million. On the mid-point of the income vary, this represents y/y development of ~16% and q/q development of ~15%. The non-GAAP gross margin is anticipated to be roughly 53.5%.
“We delivered robust income and earnings development within the second quarter pushed by file information middle phase income,” mentioned AMD Lisa Su, in an announcement. “Our AI enterprise continued accelerating and we’re effectively positioned to ship robust income development within the second half of the 12 months led by demand for Intuition, EPYC and Ryzen processors. The fast advances in generative AI are driving demand for extra compute in each market, creating vital development alternatives as we ship management AI options throughout our enterprise.”
“AMD executed effectively within the second quarter, with income above the midpoint of our steerage pushed by robust development within the Information Heart and Consumer segments,” mentioned AMD CFO Jean Hu, in an announcement. “As well as, we expanded gross margin and delivered strong earnings development, whereas growing our strategic AI investments to construct the inspiration for future development.”
At Computex 2024, AMD unveiled an expanded AMD Intuition accelerator roadmap. The roadmap contains the brand new AMD Intuition MI325X accelerator, deliberate to be obtainable in This autumn 2024, with management reminiscence capability and compute efficiency. The subsequent era AMD CDNA 4 structure, deliberate for 2025, is anticipated to carry as much as a 35 instances improve in AI inference efficiency in comparison with AMD Intuition accelerators primarily based on AMD CDNA 3.
AMD introduced the AMD Ryzen AI 300 Sequence processors, the corporate’s third era processor for AI PCs, with industry-leading 50 TOPs of AI processing energy for Home windows Copilot+ PCs. OEMs together with Acer, ASUS, HP, Lenovo and MSI unveiled new gadgets powered by the lineup.
AMD introduced the brand new AMD Ryzen 9000 Sequence processors primarily based on the “Zen 5” structure, delivering management efficiency in gaming, productiveness and content material creation.