Today's video focuses on Advanced Micro Devices' (AMD 0.32%) recent earnings reported on Oct. 26, after the market closed. Here are some highlights from the video.
- AMD reported record revenue of $4.3 billion, up 54% year over year (YoY) and 12% quarter over quarter (QoQ). The strength in growth is thanks to the strong demand for AMD's products overall. The computing and graphics segments saw a 44% YoY growth and 7% QoQ growth due to higher sales of its processors. The enterprise, embedded, and semi-custom segment saw a 69% YoY growth and a 20% QoQ growth due to its sixth straight quarter of record server processor sales.
- During the earnings call, CEO Lisa Su made three interesting remarks. One, AMD's data center GPU market is growing at solid levels, but it is still a small portion of revenue compared to the rest of its business. Two, server processor sales in China have not seen a slowdown, which is a different tone from what's being shared by AMD's competitors. Three, Milan, AMD's third-generation data center processor, is seeing more substantial adoption than previous generations.
Click the video below for my full thoughts and analysis.
*Stock prices used were the premarket prices of Oct. 27, 2021. The video was published on Oct. 27, 2021.