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Driven by demand for AI capacity, AMD\u2019s data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That\u2019s up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago.<\/p>\n<\/div>\n
At the same time, AMD\u2019s gaming revenue fell 31 percent compared to last year, to $779 million, as price hikes and component shortages slowed sales for the Xbox Series X \/ S, PS5, and Valve\u2019s Steam Deck.<\/p>\n<\/div>\n
\u201cRevenue increased 50 percent year-over-year to a record $11.5 billion, driven by continued strength in our Data Center business, which represented 58% of company revenue in the quarter,\u201d wrote AMD CFO Jean Hu. Its overall PC and gaming business revenue grew six percent compared to last year, with Client revenue up 23 percent thanks to Ryzen processor sales.<\/p>\n<\/div>\n
\u201cAI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead,\u201d said AMD CEO Lisa Su.<\/p>\n<\/div>\n