AMD's gaming business and embedded business declined by 59% and 41% respectively

AMD achieved revenue of US$5.835 billion in the second quarter of 2024, an increase of 8.9% year-on-year; net profit was US$265 million, an increase from the previous quarter. Data center business revenue reached US$2.834 billion, a year-on-year increase of 114.5%, mainly due to the strong growth in sales of AMD Instinct GPU and fourth-generation EPYC (Xiaolong) CPU. The client business achieved revenue of US$1.492 billion, a year-on-year increase of 49.5%, thanks to the boost in Ryzen CPU sales and the recovery of the industry. At the same time, the AMD Ryzen AI300 series processors released by the company are expected to benefit from the growth in demand for AIPC; the gaming business achieved revenue of US$648 million, a year-on-year decrease of 59%, mainly affected by the decline in revenue from semi-custom business. The embedded business achieved revenue of US$861 million, a year-on-year decrease of 41%. Affected by customers' inventory adjustments, shipments remained low.