AMD Q3 earnings crush its competitors

AMD is raising quite a profit this year and has announced its launch of next-generation processors. It seems like intel’s competitor has no desire to slow down and will only keep racking even more profits. The latest news from the industry is that AMD has revealed its earnings for the third quarter of 2020, and the reveal has sent ripples across the semiconductor market.

The third quarter of 2020 ended on September 30th, AMD earned $2.8 billion in revenue. It is whooping of the total annual increase by 55.6%, which beats every expectation from analysts, and this was expected from its bright Q2 earnings.

To sum up AMD’s reveal, the company’s computing and graphics division led the charge with $1.67 billion in revenue. The division had an increase of 30.64% of growth as compared with last year’s third quarter. A big part of this revenue goes to the company’s sale of Ryzen processors.

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AMD’s server and embedded processors and development services segment for game consoles generated a revenue of $1.13 billion, staring at an annual growth of 116%. This mammoth growth is primarily the result of the company’s high-performing EPYC processors.

The release of the company’s latest AMD Ryzen 5000 series for desktop-grade processing allowed the company to reign supreme in the PC gaming sector in terms of performance and power efficiency. The Ryzen 5000 series is powered by the company’s next-generation Zen 3 architecture.

AMD’s latest EPYC processors saw an increase in demand due to their Azure Data Explorer data analytics platform usage. Not to mention, the new next-gen Zen 3 based EPYC processor will also be sported in the supercomputer LUMI being built in Finland. AMD sees an increase in the demand for its processors across devices. However, analysts claim that the sudden surge that the company saw in its profits is majorly due to Intel announcing a delay in its 7nm process-based chipsets.

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