earnings
confidence high
sentiment neutral
materiality 0.75
AMD Q1 2024 revenue $5.5B; Data Center segment revenue $2.3B (+80% YoY)
ADVANCED MICRO DEVICES INC
2024-Q1 EPS reported
$0.07
revenue$5,473,000,000
- GAAP EPS $0.07, non-GAAP EPS $0.62; GAAP gross margin 47%, non-GAAP 52%.
- Data Center segment record revenue $2.3B (+80% YoY) driven by Instinct GPUs and EPYC CPUs.
- Client segment revenue $1.4B (+85% YoY) on Ryzen 8000 sales; Gaming $922M (-48% YoY).
- Embedded segment $846M (-46% YoY) as customers manage inventory; net income GAAP $123M.
- Non-GAAP operating income $1.1B; MI300 AI accelerator shipments ramping strongly.