The numbers don’t lie, AMD is struggling to sell both its custom and discrete Radeon GPUs. To make matters worse, this decline in sales not only encompasses the past two financial quarters, but applies to year-on-year figures too.
Try as AMD might to break the stranglehold Nvidia has on the GPU market, all of its offerings, from its best graphics cards to more budget-friendly options, are sadly failing to make a significant impact. While this chasmic gap in popularity has been well understood for some time, AMD’s latest financial reports show how much of a problem Radeon is proving for the company’s cash flow:
In its Q1 FY24 statement, AMD reports a revenue of $5.5 billion, up 2% from last year, primarily driven by its ‘Data Center’ and ‘Client’ segments which are up 80% and 85%, respectively. However, revenue from its ‘Embedded’ segment is down 46% year-on-year (YoY) but the biggest decline comes from ‘Gaming’, coming in at a painful 48%. By itself, this steep decrease is concerning, but paired with the knowledge that this is down 33% from the previous quarter gives further cause for alarm. Suffice to say, Radeon GPU sales have nosedived.
Report via PCGamesN
Try as AMD might to break the stranglehold Nvidia has on the GPU market, all of its offerings, from its best graphics cards to more budget-friendly options, are sadly failing to make a significant impact. While this chasmic gap in popularity has been well understood for some time, AMD’s latest financial reports show how much of a problem Radeon is proving for the company’s cash flow:
In its Q1 FY24 statement, AMD reports a revenue of $5.5 billion, up 2% from last year, primarily driven by its ‘Data Center’ and ‘Client’ segments which are up 80% and 85%, respectively. However, revenue from its ‘Embedded’ segment is down 46% year-on-year (YoY) but the biggest decline comes from ‘Gaming’, coming in at a painful 48%. By itself, this steep decrease is concerning, but paired with the knowledge that this is down 33% from the previous quarter gives further cause for alarm. Suffice to say, Radeon GPU sales have nosedived.
Report via PCGamesN
