Sony and Microsoft really are propping up AMD's beleaguered GPU business right now
AMD has released its Q2 financials and while it is better news than estimates were predicting, it still tells a sorry story for its GPU division. The gaming segment of AMD's business is still profitable, and all that is down to the work it has put into bagging the bragging rights to power both Microsoft and Sony's games consoles.
Both the PlayStation 5 and Xbox Series X/S use AMD semi-custom silicon, and that's part of the company's gaming segment. It's been gaining revenue consistently throughout this year, but, because of the continued decline in Radeon GPU sales, both its revenue and operating income are down compared to its Q1 results, let alone the year-on-year numbers.
We're used to seeing things drop compared to the same period last year, which, for AMD, was the peak of its revenue results potentially ever. The company's revenue was $6.6 billion in Q2 2022, and is $5.4 billion for Q2 this year (aww, boo hoo
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