Client segment revenue was $998 million, down 54% year-over-year due to reduced processor shipments resulting from a weaker PC market and a significant inventory correction across the PC supply chain.AMD Instinct™ MI300A and MI300X GPUs are sampling to leading HPC, Cloud and AI customers.There are now more than 670 AMD-powered cloud instances publicly available.Revenue increased 2% sequentially, as 4 th Gen AMD EPYC™ CPU revenue nearly doubled and EPYC CPU Enterprise sales increased, partially offset by a decline in adaptive System-on-Chip (SoC) data center products.Data Center segment revenue was $1.3 billion, down 11% year-over-year primarily due to lower 3 rd Gen EPYC processor sales as Enterprise demand was soft and Cloud inventory levels were elevated at some customers.“Looking to the third quarter, we expect our Data Center and Client segment revenues to each grow by a double-digit percentage sequentially driven by increasing demand for our EPYC and Ryzen processors, partially offset by Gaming and Embedded segment declines.” “We are pleased with our second quarter execution,” said AMD EVP, CFO and Treasurer Jean Hu. We made strong progress meeting key hardware and software milestones to address the growing customer pull for our data center AI solutions and are on-track to launch and ramp production of MI300 accelerators in the fourth quarter.” “Our AI engagements increased by more than seven times in the quarter as multiple customers initiated or expanded programs supporting future deployments of Instinct accelerators at scale. “We delivered strong results in the second quarter as 4 th Gen EPYC and Ryzen 7000 processors ramped significantly,” said AMD Chair and CEO Dr. On a non-GAAP ( *) basis, gross margin was 50%, operating income was $1.1 billion, net income was $948 million and diluted earnings per share was $0.58. 01, 2023 (GLOBE NEWSWIRE) - AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2023 of $5.4 billion, gross margin of 46%, operating loss of $20 million, net income of $27 million and diluted earnings per share of $0.02.
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