Source: Rich Edmonds / Windows Central
AMD announced its Q3 2021 earnings this week. The tech giant saw significant growth across the board, including setting several records. AMD’s revenue of $4.3 billion in Q3 2021 is the best third quarter and best overall quarter ever for the company. AMD’s Q3 2021 revenue is 54% higher than Q3 2020 ($2.8 billion), which was a record at the time.
“AMD had another record quarter as revenue grew 54% and operating income doubled year-over-year,” said AMD president and CEO Dr. Lisa Su. “3rd Gen EPYC processor shipments ramped significantly in the quarter as our data center sales more than doubled year-over-year. Our business significantly accelerated in 2021, growing faster than the market based on our leadership products and consistent execution.”
Here’s a breakdown of AMD’s financial results:
Profitability grew at a higher rate than revenue for AMD. The company saw a net income of $923 million, which is a 137% increase over the same quarter in 2020.
AMD’s Computing and Graphics sector brought in $2.4 billion in revenue in the quarter. That area includes desktop and notebook CPU sales and GPU sales. That marks a 44% increase over Q2 2021. The segment’s operating income went up as well from $384 million to $513 million year-over-year.
Here are AMD’s figures for the Computing and Graphics segment:
The Enterprise, Embedded, and Semi-Custom segment of AMD also saw growth:
Q3 2021 is the sixth straight quarter of record server processor revenue for AMD.
