AMD Q3 Data Center Revenue $1.6B, Flat YoY; Client Segment Revenue $1.5B, Up 42% YoY, Embedded Segment Revenue $1.2B, Down 5% YoY
Portfolio Pulse from Benzinga Newsdesk
AMD's Q3 data center revenue was reported at $1.6B, showing no year-on-year change. The client segment revenue increased by 42% YoY to $1.5B, while the embedded segment revenue decreased by 5% YoY to $1.2B.
October 31, 2023 | 8:20 pm
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NEUTRAL IMPACT
AMD's Q3 earnings report shows mixed results with flat data center revenue, increased client segment revenue, and decreased embedded segment revenue.
The flat data center revenue might be a concern for investors as it's a key growth area for AMD. However, the significant increase in client segment revenue could offset this. The slight decrease in embedded segment revenue is not likely to have a major impact. Overall, the impact on AMD's stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100