On October 31st local time, AMD Semiconductor (AMD. O, stock price of $98.5, market value of $159.14 billion) (hereinafter referred to as "AMD") disclosed its performance data for the third quarter of 2023. According to the financial report, AMD achieved a revenue of 5.8 billion US dollars in the third quarter, a year-on-year increase of 4%; The gross profit margin is 47%, a year-on-year increase of 5 percentage points; Realized a net income of 299 million US dollars, a year-on-year increase of 353%; Diluted earnings per share are $0.18.
From a business perspective, the revenue of AMD Data Center Division during the reporting period was 1.6 billion US dollars, which remained unchanged year-on-year; The reason is that the sales growth of the fourth generation AMD EPYC (Xiaolong) CPU was offset by the decline in SoC (Adaptive System on Chip) data center products. Turnover increased by 21% month on month, mainly due to customers increasing the number of fourth generation AMD EPYC (Xiaolong) CPUs used in this quarter.
The revenue of the client business unit was 1.5 billion US dollars, a year-on-year increase of 42%, mainly driven by the sales growth of the Ruilong mobile processor.
In addition, driven by the sales growth of AMD's 7000 series CPU, AMD's business revenue increased by 46% month on month during the reporting period.
In terms of gaming business, the revenue of AMD's gaming business unit in the third quarter of this year was $1.5 billion, a year-on-year decrease of 8%, mainly due to a decline in semi customized revenue, partially offset by the growth in AMD Radeon GPU sales. The revenue of the embedded business unit was $1.2 billion, a year-on-year decrease of 5%, mainly due to a decrease in revenue in the communication market.
AMD Chairman and CEO Su Zifeng stated that the company achieved strong revenue and profit growth in the third quarter, thanks to increased demand for the Ruilong 7000 series PC processors and record breaking server processor sales. Jean Hu, Executive Vice President, Chief Financial Officer, and Chief Financial Officer of AMD, also revealed that it is expected that the data center will achieve strong growth in the fourth quarter, with clients maintaining growth momentum, partially offset by declining sales in the gaming department and further slowing demand in the embedded market.