What simply occurred? It’s been one other glorious quarter for AMD. Q1 2022 noticed the {hardware} big generate a file $5.9 billion in income, beating analysts’ expectations and marking a 71.2% improve in comparison with the identical interval a 12 months earlier. Net earnings was additionally up, by 22% YoY to $786 million.
AMD’s enterprise, embedded, and semi-custom phase was the quarter’s excessive earner, bringing in $2.5 billion for a yearly progress price of 88%. Its working earnings was much more spectacular, seeing progress of 218% in comparison with a 12 months earlier.
AMD’s semi-custom gross sales, which cowl the PlayStation 5, Xbox Series X, and Steam Deck, grew by a double-digit proportion YoY. “Sales for this sport console technology proceed to outpace all prior generations, and we count on 2022 to be a file 12 months for our semi-custom enterprise,” stated CEO Dr. Lisa Su.
It was one other file quarter for AMD’s computing and graphics enterprise. This introduced in $2.8 billion of income—up 33% from a 12 months in the past and up 8% from the earlier quarter—a leap that has been put down its Ryzen CPU and Radeon GPU gross sales. Three Radeon RX 6000-series playing cards entered final month’s Steam Survey, becoming a member of what had been the lone RDNA 2 GPU within the chart, and Ryzen chips took one other slice of Intel’s CPU share.
News of this phase’s success is particularly welcome because it comes at a time when PC gross sales are slowing following the pandemic-induced growth that noticed a lot of the world working from house.
“Although the PC market is experiencing some softness coming off a number of quarters of near-record unit shipments, our focus stays on the premium, gaming and business parts of the market the place we see sturdy progress alternatives and count on to proceed gaining general shopper income share,” Su added.
AMD confirmed that it had accomplished the acquisition of Xilinx in February. It stated that if the six weeks of income from the deal had not been included within the outcomes, its general income would have solely elevated 55% YoY to $5.3 billion.
The outlook is equally optimistic for the second quarter of the 12 months. AMD predicts Q2 2022 income to hit $6.5 billion (+/- $200 million), which is 69% greater than a 12 months earlier and up 10% from the prior quarter.
AMD’s inventory value has jumped round 6% since saying its Q1 monetary outcomes. But like Intel and Nvidia, its shares have fallen (39%) because the begin of the 12 months.
