AMD revenue from AI products for data centers immersed in the quarter ended June 28th thanks to the US ban on GPU exports to China.
The results of the chip design company were overall strong, with revenues of $7.7 billion, accounting for 32% year-on-year growth and net profits increased 229% to $872 million. Data center sales rose 14% year-on-year to $3.2 billion, with EPYC processors leading the way.
Datacenter's revenue would have been better if the Trump administration had not banned the instinctive MI308 accelerator from selling to China.
The Trump administration has signalled, but AMD will allow instinctive MI308 to resume sales to China, but the company has decided not to predict revenue from parts this quarter. CEO Lisa Su told investors that the US Department of Commerce is considering applying for AMD for a license that will allow Instinct MI308 to resume exports to the Central Kingdom.
The Chinese crisis sparked concerns at AMD, but the company was pleased with its performance.
CEO Lisa Su noted that he will record sales of EPYC and Ryzen CPUs.
“There was an increasingly strong demand across the EPYC portfolio to increase AI use cases to enhance cloud and enterprise workloads,” she said. “In particular, the adoption of Agent AI creates additional demand for general purpose computing infrastructure, as customers quickly recognize that each token generated by the GPU triggers multiple CPU-intensive tasks.”
Su also said volume production of AMD's Mi350 accelerator (parts that match the performance of Nvidia's Blackwell kit) will begin in June and be earlier than expected.
“We expect a sudden production ramp later this year to support large-scale production deployments with multiple customers,” she said.
The CEO said work on the accelerators for AMD's next-generation MI400 series is “fastering rapidly.”
“These are the most sophisticated GPUs built with up to 40 petaflops of FP4 AI performance and 50% of memory, memory bandwidth, scale-out throughput than their competitors, and scale-out throughput,” says AMD's planned helios rack scale rigs that can include up to 72 GPUs in each rack.
Su said that Helios will be “the world's highest performance AI system at launch,” and that product development is far ahead of its 2026 launch.
AMD sells Helios to its “large customer” (essentially hyperscalers) and works with the system to be compatible with the data center. This contrasts with the MI350 series, which users can deploy to existing bit barns.
“We'll see a clear path to expanding our AI business to hundreds of billions of dollars in annual revenues,” Su said.
Ryzen Desktop Sales
Revenue from desktop products reached $3.6 billion, up 69% year-on-year. Client revenues rose 67% year-on-year to $2.5 billion.
AMD said demand for New Zen 5 and Ryzen parts has driven increased revenue. Gamers have driven 73% revenue to $1.1 billion.
On Desktop, Su said he believes AMD will be able to continue to expand its client processor revenue ahead of the market over the upcoming quarter, suggesting that the company thinks it can overtake Intel and keep Qualcomm quiet.
CFO Jean X Hu forecasts its third quarter revenues to reach $300 million plus approximately $8.7 billion, showing revenue growth of around 28% year-on-year. Hu added that AMD's future quarterly revenue could increase another $800 million if China resumes purchasing at a historical level.
Chip designers can use their revenue. This is because the fees incurred due to the inability to sell to China are making a terrible profit, causing investors to fall by almost 6% in after-hours trading.
®
