Superior Micro Gadgets report that its revenues for the second quarter have been $5.8 billion, up 9% from a yr in the past and above analyst expectations.
The outcomes have been pushed by document information middle section income, because the outcomes have been $2.8 billion, up 115% in comparison with a yr 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 yr.
In comparison with the prior quarter, AMD additionally noticed sturdy momentum in Intuition GPU shipments. Consumer section income was $1.5 billion, up 49% from a yr in the past and 9% over the prior quarter pushed by AMD Ryzen processor gross sales.
The gaming section income, nevertheless, was weak at $648 million, with a drop of 59% from a yr in the past and a drop of 30% from the prior quarter primarily as a consequence of a decrease semi-custom income because the console {industry} is within the fifth yr of recreation console cycle.
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The embedded section income was $861 million, down 41% from a yr in the past as prospects continued to normalize stock ranges. Gross revenue margins have been 53% on a non-GAAP foundation, and web earnings was $1.1 billion, up 19% from a yr 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 yr in the past and 11% from the prior quarter.
For steering, 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 predicted to be roughly 53.5%.
“We delivered sturdy income and earnings development within the second quarter pushed by document information middle section income,” mentioned AMD Lisa Su, in an announcement. “Our AI enterprise continued accelerating and we’re nicely positioned to ship sturdy income development within the second half of the yr led by demand for Intuition, EPYC and Ryzen processors. The speedy 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 nicely within the second quarter, with income above the midpoint of our steering pushed by sturdy 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 stable earnings development, whereas rising our strategic AI investments to construct the muse 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 accessible in This fall 2024, with management reminiscence capability and compute efficiency. The subsequent technology AMD CDNA 4 structure, deliberate for 2025, is predicted to convey as much as a 35 instances improve in AI inference efficiency in comparison with AMD Intuition accelerators based mostly on AMD CDNA 3.
AMD introduced the AMD Ryzen AI 300 Collection processors, the corporate’s third technology 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 units powered by the lineup.
AMD introduced the brand new AMD Ryzen 9000 Collection processors based mostly on the “Zen 5” structure, delivering management efficiency in gaming, productiveness and content material creation.