AMD storage: Chipmaker Posts Beat-and-Raise Q4 Report

Advanced micro devices (AMD) Late Tuesday, Wall Street struck the target of the fourth quarter and led higher than views for the current period. But the AMD share fell into extended trade.

The amazing chipmaker earned an adjusted $ 1.09 per day. Sales on sales of $ 7.66 billion in December-ended quarter. Analysts examined by the fact had expected AMD earnings of $ 1.08 per year. Share on sales of $ 7.53 billion. On an annual basis, AMD earnings increased 42%, while revenue increased 24%.




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In the current quarter, Santa Clara, California-based company, predicted sales of $ 7.1 billion. Wall Street modeled $ 7 billion.

In trading after hours in the stock market today, the AMD share originally rose, but then retired. In recent trades it was more than 5% to 112.50. During the regular session on Tuesday, the AMD share rose 4.6% to close at 119.50.

“2024 was a transformative year for AMD when we delivered record annual revenue and strong earnings growth,” said CEO Lisa SU in a News message. “The Data Center segment’s annual revenue was almost doubled when the EPYC processor adoption accelerated, and we delivered more than $ 5 billion AMD -instinct -accelerator revenue.”

She added, “When we looked into 2025, we see clear opportunities for continued growth based on the strength of our product portfolio and the growing demand for high performance and adaptive computing.”

AMD is competing with Intel (INTC) in PC and server processors and Nvidia (NVDA) In AI accelerators and graphics chips.

Last week, Intel reduced the expectations of the fourth quarter. Intel won an adjusted 13 cents per day. Share, down 76% years over years, on a $ 14.3 billion sale, fell 7%. It was Intel’s third equal quarter of declining sales and earnings. Its sales guidance for the current quarter was also under views.

AMD stock ranks no. 16 out of 39 shares in IBD’s Fabless Semiconductor Industry Group, according to IBD ACTIAL CHECK. It has an intermediate IBD composite assessment of 63 out of 99.

Follow Patrick Seitz on X, former Twitter, on @Ibd_pseitz For more stories of consumer technology, software and semiconductors.

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