On Tuesday, AMD published its quarterly figures: According to them, the semiconductor company recorded record sales and one of the highest profits in the company’s history with almost one billion US dollars. Compared to the previous year, sales rose from 2.801 to 4.313 billion US dollars and profit from 390 to 923 million US dollars.
Enterprise & Semi-Custom, under which AMD carries chips for data center/supercomputers and consoles, saw revenue rise from $1.134 billion to $1.915 billion and profit rise from at $542 million to at $141 million. AMD also sold twice as many Epyc server CPUs in Q3/2021 as it did last year, for example to Amazon AWS and Google Cloud.
AMD intends to invest the money raised in higher R&D spending and the research and development of upcoming designs, among other things: The amount increased from $508 million to $765 million and debt was further reduced. For the fourth quarter of 2021, AMD expects revenue of $4.5 billion – more than it generated in a year not too long ago. The company will also announce new CPUs and accelerators at the Accelerated Data Center Premiere on November 8, 2021.
The company’s stock price also set new records, hitting a new all-time high on Tuesday and rising to $127.
For more updates, follow us on Twitter:@JRC_Capital
