AMD income report Q4 2024

AMD income report Q4 2024

AMD CEO Lisa Su.

With kind permission: AMD

Extended micro devices On Tuesday, the results of the fourth quarter reported, in which Wall Street expectations for sales and profits were exceeded. However, the stock fell by about 6%in extended trade, since the company overlooked estimates in its most important data center segment.

The chip maker has compared to LSEG consensus estimates for the quarter ended on December 28:

  • Win each share: $ 1.09, adapted, expected compared to $ 1.08
  • revenue: 7.66 billion US dollars compared to 7.53 billion US dollars

AMD expects sales of 7.1 billion US dollars plus or minus 300 million US dollars in the first quarter. It predicted its gross margin to about 54%. Analysts expected AMD to lead sales of 7 billion US dollars.

AMD reported a net result of $ 482 million or 29 cents per share in the fourth quarter. Loss of contract manufacturers and restructuring costs.

SU informed the investors that AMD believes that he would report “a strong double-digit percentage sales and the EPS growth” “in 2025.

The most important unity of the company is the sale of chips for data centers that grow in the last quarters, thanks to the demand for its graphics processing units for artificial intelligence.

AMD reported sales of $ 3.86 billion in data center sales, which had increased by 69% compared to the previous year. The company indicated Intel Processors.

However, analysts who were interviewed by Factset predicted 4.14 billion US dollars for data center sales in a quarter.

For the entire year, the sales of the AMD division rose by 94% to $ 12.6 billion. AMD said that 5 billion US dollars of these sales came from the instinct GPUS for AI.

While AMD was far behind the market leader NvidiaIt has been published in recent years such as the MI300X, which some large infrastructure buyers, including the MI300X, is published, including some large infrastructure buyers, including Meta And Amazonhug.

“We believe that this puts AMD on a steep long-term growth structure, which will be led by the fast scaling of our AI franchise franchise of more than $ 5 billion in 2024 to $ 10 billion in annual sales in the coming years. ” Su said about the winning call with analysts.

AMD categorizes its chips for PCs, laptops and other individual computers as customer sales, which rose by 58% annually to $ 2.3 billion. AMD said that both its chips for desktops and mobile computers such as laptops see a strong demand.

AMD is also the second largest GPUS for GPUs for games behind Nvidia. The sales in the segment decreased by 59% to $ 563 million. The other small department of the company, embedded chips, reported a turnover of $ 923 million, which decreased from 13% compared to the previous year.

REGARD: AMD strikes Q4 results

AMD strikes Q4 results, CEO Lisa SU names 'transformative' year in 2024

(Tagstotranslate) Amazon.com Inc

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