AMD’s Quarterly Financial Reports Show Record Revenue; Next-Gen Releases Set to be On Track

For its planned Ryzen 7000 series CPUs and “high-end RDNA 3 GPUs later this year,” AMD has confirmed the Q3 launch schedule. This information is derived from the most recent Q2 2022 earnings call, during which the company’s financials were covered, forward guidance was given, and, most significantly for gamers, a firm date was set for when consumers will be able to purchase the new hardware

The 5nm Ryzen 7000 series CPUs from AMD, according to CEO Dr. Lisa Su, will go on sale later this quarter. And if that’s the case, there are strong chances for a debut in September, which is just a few weeks away at this point. Additionally, Dr. Su predicted performance, saying the business anticipates “leading performance in gaming and content production.”

On the financial front, AMD reported record revenue for the second quarter of 2022, representing a tremendous year-over-year gain of 70%. It comes at a challenging time with a faltering economy, post-pandemic concerns, and growing inflation, and contrasts sharply with Intel’s dismal Q2 report. With 83 percent annual sales growth, its data center division delivered strong results. As a result, operating income more than doubled to $472 million from $204 million the year before.

Image: AMD

AMD is currently in a solid position, but whether it will remain so relies on the global economy’s ups and downs and how competitive its products are. If Intel’s execution problems persist, AMD may find itself eroding Intel’s market share even further.

Muhammad Zuhair
Passionate about technology and gaming content, Zuhair focuses on analysing information and then presenting it to the audience.