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AMD Q2 Earnings: CEO Su Boosts Outlook As Accelerator, CPU Sales Climb
['Wade Tyler Millward']
CRN.com Latest News Feed
AMD Q2 Earnings: CEO Su Boosts Outlook As Accelerator, CPU Sales Climb‘We now expect revenue to grow substantially above our prior target of greater than 35 percent,’ says AMD Chair and CEO Lisa Su.
The enterprise business saw record sales and the fourth consecutive quarter of sales growth, with on-premises adoption growing, Su said.
Su said AMD saw double-digit growth in unit price and average selling price (ASP) in the segment, with unit sales growth exceeding ASP’s growth.
“I remain optimistic about the PC market as an important way for us to reach a broader set of users and our ability to grow ahead of the market,” Su said.
“We feel good about where we are to satisfy both the strong ramp in servers as well as the strong ramp in the data center AI business.”