AMD Posts 70% Year-Over-Year Revenue Increase as Sales of EPYC CPUs Skyrocket

AMD on Tuesday reported its revenue of $6.6 billion for the second quarter of 2022, its highest quarterly revenue ever. In addition, all AMD products, including CPUs and GPUs, increased in Q2 2022. Nevertheless, shipments of products for client PCs started to demonstrate softness due to growing inflation and a challenging macroeconomic environment.

AMD’s revenue for the second quarter of 2022 increased 70% year-over-year due to the company’s product success and adding products from Pensando and Xilinx to AMD’s family. The company posted a gross of 46%, net income of $447 million, and earnings per share of $0.27. While AMD’s net income dropped 37% year-over-year, it was primarily due to the amortization of intangible assets associated with the Xilinx acquisition, the chip designer explained.

(Image credit: AMD)

AMD’s Client Computing segment — which includes desktop and notebook CPUs as well as chipsets — remained the company’s main cash cow in Q2 with $2.152 billion revenue (up 25% year-over-year) and $676 million operating income (a YoY growth). In addition, the chipmaker noted solid sales of its mobile Ryzen CPUs and their increased average selling prices (compared to the same quarter a year ago), which helped boost client computing segment revenue.

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