Jacob Roach / Digital Trends
AMD may make some of thebest graphics cardsyou can buy , but they are n’t selling well . In itsfinancial resultsfor the first quarter of 2024 , AMD share that gambling revenue was down 33 % compared to the previous quarter , and down 48 % compare to the same period last yr .
In total , AMD land in $ 922 million in its gaming section in the first quarter . For reference , in Nvidia ’s premature revenue written report , it report $ 2.9 billion for its gaming segment . AMD attributes the dip in tax revenue to “ a lessening in semi - custom-made revenue and low AMD Radeon GPU sale . ”
Jacob Roach / Digital Trends
The latter half of that explanation talk for itself , but the diminution in semi - custom revenue is interesting . AMD is the driving force behind most gaming devices outside of a PC , include the PlayStation 5 , Xbox Series X , and microcomputer handhelds like theAsus ROG AllyandLenovo Legion Go . As these devices start to age , AMD is likely feeling the impact of lower sales .
Graphics carte also run a big role here , however . At the beginning of the yr , AMD released the RX 7600 XT , which was n’t received well . In ourRX 7600 XT review , we publish : “ The RX 7600 XT come in at an affordable price , and with an impressive retentiveness specification in tow , but it does n’t put up the bit to justify its spot among budget - focused GPUs . ”
By contrast , Nvidia launched its RTX 40 - serial Super refresh at the start of the year , convey some much - needed update to three of Nvidia ’s mellow - final stage models and maintain the critical breakpoints in damage from $ 600 up . Unlike the late generation , we have n’t seen a refresh from AMD this yr , with the company instead relying on discount on older GPUs like theRX 7900 XT . That ’s safe news for gamers , but clearly bad word for AMD ’s graphics business .
talk about the revenue , Jean Hu , wxecutive vice chairwoman of AMD , said the followingas reported by Wccftech : “ We in reality think the second one-half [ of the year ] will be lower than first half . That ’s essentially how we ’re looking at this class for the gaming business . And at the same clip , Gaming ’s gross margin is lower than our company average … Q2 plot is down a destiny . ”
Although gaming tax income take a big bang , AMD is optimistic , and that mainly comes down to Modern Strix Halo CPUs . AMD reconfirm that these laptop chip are arrive in the 2d half of the class and , harmonise to AMD CE Lisa Su , it will note a handsome turning point : “ The AI PC product , when we look at the Strix Cartesian product , it ’s — they ’re really well - suit for the premium segments of the market . And I think that ’s where you ’re going to see some of the AI PC message strongest in the beginning . ”
Based on rumour surrounding Strix Halo chip , they look super hefty . Some early leaks evoke that the APUs could boast power onthe same degree as a PS5 , and in something that could comfortably fit in a laptop . AMD has n’t been shy about Strix Halo up to this point , so we ’ll likely hear official details on the range soon .
