"When Advanced Micro Devices reported Q3 earnings on Nov. 4, it beat on the top and bottom lines. AMD reported EPS of $1.20, beating analysts' expectations of $1.16, and revenue of $9.25 billion, beating expectations of $8.75 billion. Data center revenue reached a record $4.3 billion, a 22% year-over-year increase. Client revenue and gaming revenue were $2.9 billion and $1.3 billion - good for year-over-year increases of 46% and 181%, respectively."
"The company continues to see growth with its gaming chips in Japan, with market share reaching 45% and maintaining a target goal of achieving 70% market share. According to PC Gamer, "The AMD Ryzen 7 7800X3D is simply the best gaming GPU around right now. It's certainly the best gaming chip that AMD has ever made, but it's also capable of outperforming Intel's top CPU when it comes to gaming frame rates and is doing so for a lot less cash."
AMD delivered better-than-expected Q3 results with EPS of $1.20 and revenue of $9.25 billion, driven by a record $4.3 billion in data-center revenue, up 22% year over year. Client revenue reached $2.9 billion and gaming revenue $1.3 billion, rising 46% and 181% respectively. Gaming GPU adoption surged in Japan to 45% market share with a 70% target. The Ryzen lineup, led by the 7800X3D, achieves high gaming performance with lower power use and cost. CEO Linda Su’s leadership and the multichip Ryzen design transformed competitiveness versus Intel and boosted market capitalization and revenues.
Read at 24/7 Wall St.
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