AMD Q3 Revenue Up 4% Year-Over-Year to $5.8B; Data Center Flat but Client Soars on Ryzen Sales

AMD reported Q3 2023 revenue of $5.8 billion, up 4% year-over-year. Non-GAAP gross margin was 51% and non-GAAP earnings per share was $0.70.

Data center revenue was $1.6 billion, flat year-over-year. Client revenue grew 42% driven by Ryzen mobile processors.

Gaming revenue declined 8% to $1.5 billion due to lower semi-custom revenue, partially offset by higher AMD Radeon GPU sales.

AMD launched new Ryzen 7000 desktop and mobile processors, Radeon 7000 series GPUs, and expanded its EPYC data center CPU portfolio.

For Q4 2023, AMD expects revenue of approximately $6.1 billion, up 9% year-over-year. Non-GAAP gross margin is expected to be 51.5%.