AMD released its financials for the third quarter of 2020, which closed on September 26. During the year, the company managed to achieve double revenue growth and raise profits in each segment.
- Total revenue was $ 2.8 billion (56% more than last year)
- In the client processor and graphics segment, revenue climbed 31% to $ 1.67 billion. Mainly due to the good demand for Ryzen chips
- Enterprise & Embedded Revenue Jumps 116% YoY to $ 1.13 Billion
- The company’s net profit for the year increased more than threefold – by 225%. AMD Earned $ 390 Million This Year vs. $ 120 Last
AMD noted that the demand for video cards of the previous generation subsided before the presentation of the RX 6000. This is logical, given that gamers have a desire to upgrade their PCs, but from a financial point of view, this is a certain loss for the company.