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Sep 28, 2024
AMD Q3 2024 Earnings Report
AMD reported strong third quarter financial results driven by record revenue.
Key Takeaways
AMD announced strong third quarter financial results, with record revenue of $6.8 billion, a gross margin of 50%, operating income of $724 million, and net income of $771 million. The company's performance was driven by higher sales of EPYC and Instinct data center products and robust demand for Ryzen PC processors. AMD is on track to deliver record annual revenue for 2024 based on significant growth in the Data Center and Client segments.
Delivered strong third quarter financial results with record revenue.
Experienced higher sales of EPYC and Instinct data center products.
Saw robust demand for Ryzen PC processors.
On-track to deliver record annual revenue for 2024 based on significant growth in Data Center and Client segments.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, AMD expects revenue to be approximately $7.5 billion, plus or minus $300 million. Non-GAAP gross margin is expected to be approximately 54%.
Positive Outlook
- Expected revenue of approximately $7.5 billion, plus or minus $300 million.
- Represents year-over-year growth of approximately 22% at the midpoint.
- Represents sequential growth of approximately 10% at the midpoint.
- Non-GAAP gross margin is expected to be approximately 54%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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