AMD Expects to Outsell Intel for the First Time in History in Fourth Quarter
US chipmaker AMD has reported its highest quarterly revenue ever and forecasts about $17 billion in fourth-quarter revenue. That would put it ahead of rival Intel for the first time.
AMD, the US processor and chip maker, reported its highest quarterly revenue ever late on Tuesday. The company also expects fourth-quarter revenue of approximately $17 billion. If that forecast holds, AMD would for the first time in history post higher revenue than its longtime rival Intel, which makes similar PC and data center processors.
Data center demand surges
Demand for AMD's Epyc data center processors and Instinct AI accelerators, which are used for artificial intelligence computing, nearly doubled compared with a year earlier. This growth more than offset declines in another part of the business.
Client sales dip only modestly
Sales of AMD products for client systems, which include personal computers, fell only slightly. The company achieved this despite high memory prices and other headwinds.
Profitability keeps improving
As sales of data center hardware increased, AMD's profitability continued to improve. The fourth-quarter revenue forecast, which would exceed Intel's own projections, was the most striking announcement in the company's report.
The source does not provide exact revenue or profit figures for the quarter just reported.
