AMD Earnings Report Q4 2024

Advanced micro devices Results in the fourth quarter Tuesday that beat Wall Street expectations for sale and earnings, but the stock fell approx. 5% in extended trade when the company missed estimates in its central data center segment.

Here’s how the chipmaker did, versus LSEG consensus estimates for the quarter that ended December 28:

• Earnings per Stock: $ 1.09, adjusted, against $ 1.08 Expected
• Revenue: 7.66 billion dollars against $ 7.53 billion

AMD said it expects $ 7.1 billion in sales in the first quarter plus or minus $ 300 million. It projected its gross margin to be approx. 54%. Analysts expected AMD to guide to a turnover of $ 7 billion

AMD reported $ 482 in net income, or 29 cents per year. Share, for the fourth quarter, down from $ 667 million or 41 cents per share. Share in the year before.

The company’s most important device is its business that sells chips for data centers that have grown in recent quarters thanks to the demand for its graphics treatment units for artificial intelligence.

AMD reported $ 3.86 billion in the sale of data center, which had increased by 69% on the basis of the Dear-over-year basis. The company said the increase was due to sales both in its instinct GPUs and its EPYC CPUs competing with Intel’s Processors.

However, analysts examined by the facts predicted $ 4.14 billion dollars in data center sales during the quarter.

Throughout the year, AMD’s turnover of the data center department increased 94% to $ 12.6 billion. AMD said $ 5 billion of this sale was from its instinct GPUs for AI.

While AMD is far behind the market leader NvidiaIt has been released competitive data center GPUs in recent years that some major infrastructure buyers, including Meta and Amazonhave embraced.

AMD categorizes its chips for PCs, laptops and other individual computers such as client revenue, rising 58% on an annual basis to $ 2.3 billion. AMD said that both its chips for desktops as well as mobile computers as well as laptops see strong demand.

AMD is also the second largest producer of GPUs for games behind Nvidia. Revenue in the segment fell 59% to $ 563 million. The company’s second small department, Embedded Chips, reported $ 923 million in sales, which is 13% year-over-year.

CLOCK: AMD beats on the Q4 results