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Dec 28, 2024
AMD Q4 2024 Earnings Report
AMD reported record revenue and strong earnings growth, driven by Data Center segment and AMD Instinct accelerator revenue.
Key Takeaways
AMD reported a record fourth quarter revenue of $7.7 billion, up 24% year-over-year. The Data Center segment saw significant growth, with annual revenue nearly doubling. The company is optimistic about continued growth in 2025 due to its product portfolio and increasing demand for high-performance and adaptive computing.
AMD's Q4 2024 revenue reached a record $7.7 billion, a 24% increase year-over-year.
Data Center segment revenue nearly doubled in 2024, driven by EPYC processor adoption and AMD Instinct accelerator revenue.
Non-GAAP diluted earnings per share was $1.09, up 42% year-over-year.
AMD anticipates continued growth in 2025, supported by its product portfolio and demand for high-performance computing.
AMD
AMD
AMD Revenue by Segment
Revenue by Segment
Data Center Revenue
CapyFin.comClient Revenue
CapyFin.comGaming Revenue
CapyFin.comEmbedded Revenue
CapyFin.com Forward Guidance
For the first quarter of 2025, AMD expects revenue to be approximately $7.1 billion, plus or minus $300 million. Non-GAAP gross margin is expected to be approximately 54%.
Positive Outlook
- Revenue expected to be approximately $7.1 billion, plus or minus $300 million.
- Year-over-year growth of approximately 30% at the mid-point of the revenue range.
- Non-GAAP gross margin is expected to be approximately 54%.
Challenges Ahead
- Sequential decline of approximately 7% at the mid-point of the revenue range.
- Outlook statements are based on current expectations.
- Actual results could differ materially depending on market conditions.
- Factors set forth under “Cautionary Statement” could affect actual results.
- The timing and impact of adjustments are dependent on future events that are typically uncertain or outside of AMD's control.
Revenue & Expenses
Visualization of income flow from segment revenue to net income