According to AMD’s Q3 2022 financials, the company’s data center, gaming and embedded systems segments performed well. But the client segment, including consumer CPUs such as the Ryzen 6000 series, took a major hit due to a softening PC market. Additionally, the company also expects a less-than-ideal fourth quarter of 2022, likely due to poor Zen 4 sales.
AMD released financial results for the third quarter of 2022 While overall, the company performed well, with revenue up 29% year over year, currently at $5.6 billion , but this figure was much lower than previously expected. AMD CEO Dr. Lisa Su said, “Q3 results were lower than our expectations due to a softening PC market and substantial inventory reduction actions across the PC supply chain.”
The company noted that the increase in revenue was mainly due to the significant increase in data center Growth, Gaming and Embedded Systems sections. For example, Team Red’s EPYC series of server processors continued to sell well, driving a 45% year-over-year increase in data center revenue. AMD says this is the company’s “10th
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I’m Fawad, a tech nerd. As a tech junkie, my relationship with technology goes back to my childhood. Getting my first Intel Pentium 4 PC was the beginning of the journey that eventually brought me to Notebookcheck. Finally, I started writing for tech media in 2018. From small no-name projects to industry leaders, I’ve worked with several tech publications.
