Consumers, Enterprise Drive Huge Quarter For AMD
US chipmaking giant AMD has raked in more than $3.8 billion USD (around $5.2 billion AUD) in the second quarter of 2021, off the back of its consumer and enterprise segments.
AMD’s revenue was up 99 per cent year-on-year, with its Computing and Graphics segment bringing in $2.25 billion USD (around $3 billion AUD), up 65 per cent year-on-year, and its Enterprise, Embedded and Semi-Custom segment bringing in $1.6 billion USD (around $2.2 billion AUD), up 183 per cent year-on-year.
According to AMD president and CEO Lisa Su, the company performed “exceptionally well” in the second quarter of the calendar year, with revenue and operating margin doubling and profitability more than tripling.
“We are growing significantly faster than the market with strong demand across all of our businesses.
“We now expect our 2021 annual revenue to grow by approximately 60 percent year-over-year driven by strong execution and increased customer preference for our leadership products,” she said.
AMD has seen a string of high-profile successes in recent months, including the debut of its FidelityFX Super Resolution (FSR) graphical upscaling technology, a competitor to Nvidia’s DLSS; the AMD Advantage Design Framework for high-performance gaming notebooks; and the use of its chips in new applications such as Valve’s handheld Steam Deck console and the infotainment systems in Tesla cars.