“We expect the Client segment to return to profitability in the third quarter.”

In context

“ourth generation EPYC processors, specifically Gen 1 partially offset by decline in adaptive SoC product sales. Datacenter segment operating income was $147 million or 11% of revenue, compared to $472 million or 32% a year ago. Lower operating income was primarily due to lower revenue and increased R&D investment to support future growth. Client segment revenue was $998 million down 54% year-over-year, due to reduced processor shipment resulting from a weaker PC market and significant inventory correction across the PC supply chain. On a sequential basis, revenue grew 35% as we ramped our Ryzen 7000 series processors and the PC market conditions improved. Client segment operating loss was $69 million, compared to operating income of $676 million a year ago, primarily due to lower revenue. We expect the Client segment to return to profitability in the third quarter. Gaming segment revenue was $1.6 billion, down 4% year-over-year. Semi-customer revenue grew year-over-year which was more than offset by lower gaming graphics revenue. On a sequential basis, gaming revenue declined 10% in line with our expectations. Gaming segment operating income was $225 million, or 14% of revenue, compared to $187 million or 11% year ago, primarily due to higher semi-customer revenue. Embedded segment revenue was $1.5 billion, up 16% year-over-year, primarily driven by strength in the industrial vision, healthcare, automotive, test and emulation market. On a sequential basis, Embedded segment revenue declined 7%, primarily due to weaker communication market demand. Embedded segment operating income was $757 million or 52% of revenue, compared to $641 million or 51% a y”