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May 11, 2024: A major global chip business, Advanced Micro Devices, Inc. (AMD), has reported a big rise in its revenue.
Revenue Growth That Breaks Records
AMD said that it made $6.2 billion in sales in the fourth quarter of 2023, which is 10% more than the same time last year². The company said it made $22.7 billion² in sales in 2023.
Reasons for the Rise
AMD Instinct GPU and EPYC CPU sales hit all-time highs in the third quarter, and AMD Ryzen chip sales also went up. The Data Center business made $2.3 billion in sales in the quarter, which is 38% more than the same time last year².
AMD’s Plans for the Future
Even though there were different types of demand, AMD did well in 2023². Because its AMD Instinct MI300 GPUs² did so well at start, the company is ready for a strong product ramp in 2024.
Bottom Line
AMD’s strong place in the chip business is shown by its amazing income growth. As the need for high-performance data center products grows, AMD is in a good situation to have strong yearly growth².
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