AMD GPU Sales Not That Far Behind NVIDIA's in Revenue Terms

[btarunr]

While AMD Radeon PC discrete GPUs have a lot of catching up to do against NVIDIA GeForce products in terms of market-share, the two companies' quarterly revenue figures paint a very different picture. For Q4 2022, AMD pushed $1.644 billion in GPU products encompassing all its markets, namely the semicustom chips powering Xbox Series X/S and PlayStation 5 consoles; and AMD Radeon products. In the same period, NVIDIA raked in $1.831 billion in revenues from semicustom chips powering Nintendo Switch console, GeForce NOW cloud-gaming service, and NVIDIA GeForce products. In purely revenue terms, AMD is bringing in 89% the revenue of NVIDIA from client graphics IP, which begins to explain how AMD is a major player in this market.



View at TechPowerUp Main Site | Source

 

[dj-electric]

Fresh deployment of those very high core count CPUs work, absolutely works. AMD closing data center deals left and right while Intel's customers got high and dry. Now we can see the fruits.

 

[renz496]

Isn't that nintendo chip sales under "OEM & Other" instead of gaming?

 

[JAB Creations]

I know Steam surveys are limited in scope though I would sure like to see a huge number of 12GB AMD cards start kicking the old Nvidia cards out. AMD is far from perfect though things like the 6500XT were bad calls, not some blatant burning hatred of their customers. Nvidia going from 12GB 3060 to an 8GB 4060ti and the garbage jacked prices of all of their cards so badly that it makes a $1,600 card look good in value? I hope AMD mops the floor with Nvidia for a good while.

 

[Deleted member 185088]

I know Steam surveys are limited in scope though I would sure like to see a huge number of 12GB AMD cards start kicking the old Nvidia cards out. AMD is far from perfect though things like the 6500XT were bad calls, not some blatant burning hatred of their customers. Nvidia going from 12GB 3060 to an 8GB 4060ti and the garbage jacked prices of all of their cards so badly that it makes a $1,600 card look good in value? I hope AMD mops the floor with Nvidia for a good while.

I wonder how many users participate in the steam survey, and more importantly where they are from.

 

[watzupken]

Revenue don't tell you how much they are actually earning in profit. While AMD's GPU revenue is very close, I don't think their margin is that good. All consoles, barring Nintendo Switch, uses some form of AMD GPU. Even the Steam Deck runs on AMD GPU, along with other "handheld PC" type of consoles. So AMD is probably shipping a lot more GPUs than what their revenue suggests.

 

[Garrus]

I wonder how many users participate in the steam survey, and more importantly where they are from.

I find the surveys weird as I see AMD video card owners everywhere in Canada...

 

[arni-gx]

I wonder how many users participate in the steam survey, and more importantly where they are from.

the steam survey is from all steam players.....

 

[CosmicWanderer]

the steam survey is from all steam players.....

Steam players that have opted-in to the survey. So assuming that it's from ALL Steam players is incorrect.

 

[Tek-Check]

AMD has managed to almost close the gap in total revenues in 2022 against Nvidia. There's only $3 billion difference now.
AMD has also managed to close the gap with Intel. In 2021, Intel had 5 times higher revenues. In 2022, after $16 billion loss, Intel's revenues are less than 3 times higher than AMD.
Impressive, indeed!

2022: Nvidia ~$26.8 billion, AMD ~$23.6 billion; Intel ~$63 billion
2021: Nvidia ~$26 billion, AMD ~$16 billion; Intel ~$79 billion

 

[Daven]

Steam players that have opted-in to the survey. So assuming that it's from ALL Steam players is incorrect.

I think the person meant the survey includes all countries are included in the survey in response to the comment about where the respondents are from.

AMD has managed to almost close the gap in total revenues in 2022 against Nvidia. There's only $3 billion difference now.
AMD has also managed to close the gap with Intel. In 2021, Intel had 5 times higher revenues. In 2022, after $16 billion loss, Intel's revenues are less than 3 times higher than AMD.
Impressive, indeed!

2022: Nvidia ~$26.8 billion, AMD ~$23.6 billion; Intel ~$63 billion
2021: Nvidia ~$26 billion, AMD ~$16 billion; Intel ~$79 billion

Nvidia might be flattening out. AMD still has a lot of room to grow by taking market share from Intel.

 

[AnarchoPrimitiv]

I wonder how many users participate in the steam survey, and more importantly where they are from.

I've had steam for years and was never once involved in a survey....I'm sure the vast majority of users have the same experience.

 

[Pumper]

Isn't AMD's "gaming" revenue GPUs + consoles?

Revenue don't tell you how much they are actually earning in profit. While AMD's GPU revenue is very close, I don't think their margin is that good. All consoles, barring Nintendo Switch, uses some form of AMD GPU. Even the Steam Deck runs on AMD GPU, along with other "handheld PC" type of consoles. So AMD is probably shipping a lot more GPUs than what their revenue suggests.

AMD's chart says "net revenue" which is profit. Pretty sure the same applies to nvidia, it's just not specified.

 

[AnarchoPrimitiv]

AMD has managed to almost close the gap in total revenues in 2022 against Nvidia. There's only $3 billion difference now.
AMD has also managed to close the gap with Intel. In 2021, Intel had 5 times higher revenues. In 2022, after $16 billion loss, Intel's revenues are less than 3 times higher than AMD.
Impressive, indeed!

2022: Nvidia ~$26.8 billion, AMD ~$23.6 billion; Intel ~$63 billion
2021: Nvidia ~$26 billion, AMD ~$16 billion; Intel ~$79 billion

The figures I like to look at, are the R&D budgets. For 2022, they are the following:

Intel = $17.53 Billion
Nvidia = $5.27 Billion
AMD = $5.05 Billion *This represents an over 75% increase from the previous year of approximately $2.5 billion, and for 2020, the R&D budget was under $2 billion.

Up until 2021, AMD had been spending less than half of Nvidia and less than an eighth of Intel on R&D, a budget that had to be split between x86 and graphics and we can assume x86 got the majority. But this shows that AMD, until just 2022, was being outspent by Intel and Nvidia by a huge margin, which makes it all that more impressive that they were able to take the lead from Intel in that time with Ryzen and at least match Nvidia in raster. This huge deficit in R&D spending was the norm for AMD up until 2022 where they were able to massively increase their R&D budget and finally get it in league with Nvidia's after being outspent by a large sum for years. The fact that AMD has finally reached parity with Nvidia makes me think that finally, we will see AMD compete against them on a much fairer playing field after being at a big disadvantage for so long.

Obviously AMD will get nowhere close to the $17+ billion spent by Intel, which although spread across numerous divisions, undoubtedly has more allotted to x86 than AMD. Despite this, AMD's R&D is now better funded than it has ever been in previous years. We've seen what AMD was able to do with an R&D budget a fraction of the size of its competition, so I would imagine that now since they're closer than ever to financial parity in research and development, we might be seeing an even more competitive AMD in the years to come. This is good, since in both x86 and graphics we're in a defacto duopoly (until Intel makes a seriously compelling product gpu) and the best a consumer can hope for in such a situation is a 50%50% split in marketshare and a balance of power to get the most innovation and best prices. AMD still has a ways to go in x86 (especially in one of the most lucrative consumer x86 segments: mobility) and a long, long way to go in graphics, but they'rein a better position to achieve that now than they've ever been.

 

[Daven]

I've had steam for years and was never once involved in a survey....I'm sure the vast majority of users have the same experience.

Steam survey participation is an opt in when you first install Steam. If you clicked, ‘Choose not to participate’ it doesn’t ask again. However if you go to the survey within steam you can upload your system specs. Its less a survey and more a poll that stays up all the time.

The figures I like to look at, are the R&D budgets. For 2022, they are the following:

Intel = $17.53 Billion
Nvidia = $5.27 Billion
AMD = $5.05 Billion *This represents an over 75% increase from the previous year of approximately $2.5 billion, and for 2020, the R&D budget was under $2 billion.

Up until 2021, AMD had been spending less than half of Nvidia and less than an eighth of Intel on R&D, a budget that had to be split between x86 and graphics and we can assume x86 got the majority. But this shows that AMD, until just 2022, was being outspent by Intel and Nvidia by a huge margin, which makes it all that more impressive that they were able to take the lead from Intel in that time with Ryzen and at least match Nvidia in raster. This huge deficit in R&D spending was the norm for AMD up until 2022 where they were able to massively increase their R&D budget and finally get it in league with Nvidia's after being outspent by a large sum for years. The fact that AMD has finally reached parity with Nvidia makes me think that finally, we will see AMD compete against them on a much fairer playing field after being at a big disadvantage for so long.

Obviously AMD will get nowhere close to the $17+ billion spent by Intel, which although spread across numerous divisions, undoubtedly has more allotted to x86 than AMD. Despite this, AMD's R&D is now better funded than it has ever been in previous years. We've seen what AMD was able to do with an R&D budget a fraction of the size of its competition, so I would imagine that now since they're closer than ever to financial parity in research and development, we might be seeing an even more competitive AMD in the years to come. This is good, since in both x86 and graphics we're in a defacto duopoly (until Intel makes a seriously compelling product gpu) and the best a consumer can hope for in such a situation is a 50%50% split in marketshare and a balance of power to get the most innovation and best prices. AMD still has a ways to go in x86 (especially in one of the most lucrative consumer x86 segments: mobility) and a long, long way to go in graphics, but they'rein a better position to achieve that now than they've ever been.

AP brings up an extremely important point. Another metric would be market share gain per R&D dollar spent. AMD is doing so well here that one might think Intel is researching the mating calls of the North African swallow rather than chip advancements.

 

[TheoneandonlyMrK]

Steam survey participation is an opt in when you first install Steam. If you clicked, ‘Choose not to participate’ it doesn’t ask again. However if you go to the survey within steam you can upload your system specs. Its less a survey and more a poll that stays up all the time.

I didn't realise it was Just a poll.

I do hope it has some way of ensuring one user one entry but I know in my heart that's unlikely.

Explains some stuff, I am sure. Nvidia has paid influencers etc and fudging a poll certainly is not above them, fudging benches never was.

 

[Daven]

I didn't realise it was Just a poll.

I do hope it has some way of ensuring one user one entry but I know in my heart that's unlikely.

Explains some stuff, I am sure. Nvidia has paid influencers etc and fudging a poll certainly is not above them, fudging benches never was.

Its one response per Steam account. Maybe poll is a bad choice of words. Steam accesses your system info remotely and downloads the specs. Then they ask certain questions after that such as do you have a mic, what is your internet speed and I think do you have a VR set, which one.

 

[Selaya]

[ ... ]
AP brings up an extremely important point. Another metric would be market share gain per R&D dollar spent. AMD is doing so well here that one might think Intel is researching the mating calls of the North African swallow rather than chip advancements.

intel has fabs tho, both nv and amd are fabless so theres a significant amount of intel's spending thats going into their fabs, you have to keep that in mind

 

[Daven]

intel has fabs tho, both nv and amd are fabless so theres a significant amount of intel's spending thats going into their fabs, you have to keep that in mind

Bringing up Intel fabs makes Intel R&D spending look even less effective. The minute Intel started using TSMC marked the end of Chipzilla. Now Intel is just another chip company not the chip company.

 

[Tek-Check]

Obviously AMD will get nowhere close to the $17+ billion spent by Intel, which although spread across numerous divisions, undoubtedly has more allotted to x86 than AMD.

This will be changing slowly. Now that Intel lost $16 billion of revenues in 2022 and closed/sold a few divisions, their R&D budget will be tighter. AMD can dedicate a bit more to R&D in 2023, so the gap is expected to be a tad smaller year on year.

I also agree about the importance of mobility segment. Introducing high-performance Dragon Range SKUs is a step in good direction. We need to see AMD developing mobile chipset with more rich I/O. Currently, Intel's HX and H chipsets are way, way better and more diverse. See below.

I am not happy about the fact that increasing number of laptops have abandoned SATA 2.5 SSDs and opted to offer NVMe drives only. Also, many laptops come only with one or sometimes two NVMe M.2 drives. I'd like to run two NVMe drives in RAID mode should something happen to one drive, and have a third drive for storage.

 

[AirplaneA1]

Can I understand it this way?
DIY PCs are no longer profitable; although the NS is one of the best-selling consoles, it still doesn't bring in as much revenue as the Xbox and PS.
Do the figures mentioned above include sales of GPUs for high performance computing? If so, wouldn't that also mean that Nv sales of such GPUs are nowhere near as high as I previously thought.

 

[TheinsanegamerN]

Revenue don't tell you how much they are actually earning in profit. While AMD's GPU revenue is very close, I don't think their margin is that good. All consoles, barring Nintendo Switch, uses some form of AMD GPU. Even the Steam Deck runs on AMD GPU, along with other "handheld PC" type of consoles. So AMD is probably shipping a lot more GPUs than what their revenue suggests.

The revenue comparison also doesn't mention that the 1.8 billion for Nvidia is WAY down from the previous quarter, Nvidia has been averaging 2.2-2.5 since 2020.

 

[ThrashZone]

Hi,
Steam yeah maybe epic is a better place to poll seeing they have better cheaper games
I'm not sure why I have a steam account anymore frankly.

 

[lemonadesoda]

AMD's chart says "net revenue" which is profit

NO NO NO. Net revenue DOES NOT equal profit.

Please take your Accounting 101 course again!

=========================
LOOK AT THIS TABLE FOR A REFRESHER

Net Revenue: How it Differs from Gross Revenue and Net Income

Understand the difference between net revenue, gross revenue and net income. See where they are most useful in business and how to calculate them

www.toucantoco.com

 

[JustBenching]

hope AMD mops the floor with Nvidia for a good while.

Why? It's not like their gpus are any better value. In fact msrp prices - they are usually worse