Loading...
•
Mar 30, 2024
AMD Q1 2024 Earnings Report
AMD reported strong first-quarter results with significant year-over-year growth in the Data Center and Client segments.
Key Takeaways
AMD announced its Q1 2024 financial results, reporting revenue of $5.5 billion, a gross margin of 47%, and diluted earnings per share of $0.07. The Data Center and Client segments showed substantial growth, driven by the ramp of MI300 AI accelerator shipments and the adoption of Ryzen and EPYC processors.
Data Center segment revenue reached a record $2.3 billion, up 80% year-over-year.
Client segment revenue increased by 85% year-over-year, driven by AMD Ryzen™ 8000 Series processor sales.
Gaming segment revenue decreased by 48% year-over-year due to lower semi-custom revenue and AMD Radeon™ GPU sales.
AMD expects revenue to be approximately $5.7 billion, plus or minus $300 million, for the second quarter of 2024.
Revenue by Segment
Forward Guidance
For the second quarter of 2024, AMD expects revenue to be approximately $5.7 billion, plus or minus $300 million. Non-GAAP gross margin is expected to be approximately 53%.
Positive Outlook
- Revenue expected to be approximately $5.7 billion, plus or minus $300 million.
- Represents year-over-year growth of approximately 6% at the mid-point of the revenue range.
- Sequential growth of approximately 4% at the mid-point of the revenue range.
- Non-GAAP gross margin is expected to be approximately 53%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...