AMD will announce its third-quarter results on Wednesday morning and Seeking Alpha analysts expect both sequential quarterly sales and year-on-year sales to increase significantly to 33 percent and 42 percent respectively.
It is worth noting that Intel announced its third-quarter results earlier this week, along with a number of roadmap delays. Revenues were down 4% compared to the same period last year and net income was down 29% compared to the same period last year.
.
▲ Picture source Seeking Alpha
Intel’s results declined sharply, while analysts expected AMD to grow 42 percent for the quarter.
Analysts said most of AMD’s growth is expected to come from its server and custom semiconductor businesses, with the latter growing 88 percent quarter-on-quarter and more than doubling year-over-year to $1.06 billion.
We note that growth in AMD’s custom chips is largely due to the introduction of the next-generation Xbox Series X and PS5 console platforms, both of which feature Zen 2 CPUs and custom AMD SoCs based on the RDNA 2 GPU architecture.
In addition, the financial report does not include sales of AMD Ryzen 5000 desktop processors, sales of which have not yet begun, and Radeon RX 6000 GPUs, which have not yet been released but are expected to compete with NVIDIA’s RTX 30 series.
For the fourth quarter, AMD is expected to achieve total revenues of approximately $2.6-2.7 billion, an increase of 20-25% over last year, depending on the availability and sales of the new Zen 3-based Ryzen 5000 CPUs and Radeon RX 6000 GPUs, but this number is likely to be exceeded.
It is worth noting that AMD has promised that the next generation of the “Milan” will be available from the fourth quarter of this year, so fourth-quarter results are expected to exceed these forecasts.
Related posts:
