AMD has made history by surpassing Intel, the undisputed market leader in data center CPUs for two decades, with a record-breaking sellout. In less than a decade, AMD has transformed the landscape with its competitive edge and reached from minimal single-digit market share to outsell Intel Corporation in the data center space.
According to the financial report shared by Ryan Sagare, host and producer of AMD Meet the Experts, AMD achieved its highest revenue of $6.819 billion in Q3 2024, marking an impressive 18% increase compared to the previous year. This milestone is a testament to the firm’s relentless dedication and innovation to excellence, along with its diverse AI portfolio and other groundbreaking solutions.
AMD EPYC processors generated $3.549 billion in revenue in Q3 2024, exceeding Intel’s data center revenue of $3.3 billion. Although Intel’s Xeon CPUs remain powering many servers, there is a growing shift towards AMD’s EPYC processors, particularly in high-performance machines. Meanwhile, NVIDIA maintains its lead in the data center GPU market, with sales hitting an impressive $22.604 billion in just the first half of 2024.
The report further suggests that over 50% of AMD’s revenue comes from AI products and data center, underscoring the golden future of these segments in technology. In AI innovations, the soaring demand for AMD’s AI accelerators is estimated to generate over $5 billion in revenue this year alone.
With its strong performance in data centers and AI products, AMD experienced a significant boost in profits, reporting an operating income of $724 million—an impressive increase from the previous year. Keeping up with the profitable agenda, AMD is now forecasting approximately $7.5 billion in revenue for the next quarter, positioning the company for a strong close to 2024.
AMD continues to innovate and expand its product offerings and is poised to complete this year with a strong kick to 2025.
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