Financial Performance - Fourth quarter revenue reached a record $7.7 billion, up 24% year-over-year, with a gross margin of 51%[6] - For the full year 2024, AMD reported record revenue of $25.8 billion, a 14% increase compared to 2023, with a gross margin of 49%[2] - Data Center segment revenue for Q4 2024 was a record $3.9 billion, up 69% year-over-year, contributing to a full year revenue of $12.6 billion, an increase of 94%[12] - Client segment revenue in Q4 2024 was a record $2.3 billion, up 58% year-over-year, leading to a full year revenue of $7.1 billion, up 52%[13] - GAAP gross profit for Q4 2024 was $3,882 million, up from $2,911 million in Q4 2023, representing a 33.2% year-over-year increase[19] - Non-GAAP gross profit for Q4 2024 reached $4,140 million, compared to $3,133 million in Q4 2023, reflecting a 32.2% increase[19] - GAAP operating income for the year ended December 28, 2024, was $1,900 million, significantly higher than $401 million for the year ended December 30, 2023[19] - Non-GAAP operating income for the year ended December 28, 2024, was $6,138 million, compared to $4,854 million for the previous year, marking a 26.4% increase[19] - GAAP net income for Q4 2024 was $482 million, or $0.29 per share, compared to $667 million, or $0.41 per share, in Q4 2023[19] - Non-GAAP net income for Q4 2024 was $1,777 million, or $1.09 per share, up from $1,249 million, or $0.77 per share, in Q4 2023[19] - Operating income for the year ended December 28, 2024, was $1,900 million, significantly up from $401 million in the previous year[25] - The diluted earnings per share for Q4 2024 was $0.29, compared to $0.47 in Q3 2024 and $0.41 in Q4 2023[25] Future Outlook - AMD expects Q1 2025 revenue to be approximately $7.1 billion, representing year-over-year growth of approximately 30%[17] - The company expects continued growth driven by its product portfolio and increasing demand for high-performance computing[21] Research and Development - AMD's investments in AI and innovation are expected to drive long-term growth and value creation, with significant partnerships announced for AI infrastructure[14] - The company launched new AMD Ryzen AI processors, enhancing its consumer and commercial AI PC portfolio[15] - AMD's supercomputing capabilities were highlighted with the El Capitan supercomputer surpassing the exascale barrier, showcasing leadership in high-performance computing[15] - AMD's strategic collaborations with companies like IBM and Vodafone aim to enhance AI and digital services capabilities[14] Cash Flow and Expenses - Free cash flow for the quarter was $1,091 million, compared to $496 million in the previous quarter and $242 million year-over-year, reflecting a free cash flow margin of 14%[34] - Research and development expenses for Q4 2024 totaled $1,712 million, up from $1,636 million in Q3 2024 and $1,511 million in Q4 2023[25] - Capital expenditures for the quarter totaled $208 million, an increase from $132 million in the previous quarter and $139 million year-over-year[29] Assets and Equity - Total assets increased to $69,226 million as of December 28, 2024, compared to $67,885 million as of December 30, 2023[26] - The company reported a total stockholders' equity of $57,568 million as of December 28, 2024, up from $55,892 million a year earlier[26] - Total debt was reported at $1,721 million, consistent with $1,720 million in the previous quarter and down from $2,468 million year-over-year[29] Segment Performance - Data Center segment net revenue reached $3,859 million, a 15% increase from $3,549 million in the previous quarter and a 69% increase from $2,282 million year-over-year[29] - Client segment net revenue was $2,313 million, up 23% from $1,881 million quarter-over-quarter and up 58% from $1,461 million year-over-year[29] - Total net revenue for the company was $7,658 million, representing a 12% increase from $6,819 million in the previous quarter and a 24% increase from $6,168 million year-over-year[29] Operating Expenses - GAAP operating expenses for Q4 2024 were $3,022 million, an increase from $2,575 million in Q4 2023, reflecting a 17.3% rise[19] - The company incurred restructuring charges of $186 million during the year ended December 28, 2024[25]

SANTA CLARA, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced financial results for the fourth quarter and full year of 2024. Fourth quarter revenue was a record $7.7 billion, gross margin was 51%, operating income was $871 million, net income was $482 million and diluted earnings per share was $0.29. On a non-GAAP(*) basis, gross margin was 54%, operating income was a record $2.0 billion, net income was a record $1.8 billion and diluted earnings per share was $1.09. For the full y ...

The battle between Advanced Micro Devices Inc. AMD and Qualcomm Inc. QCOM is heating up as both chipmakers gear up to report earnings. As AMD struggles to regain momentum, Qualcomm is riding a bullish wave.Let's break down the numbers and technical signals to see which stock is primed for a stronger move.AMD: A Chip Giant Under PressureAMD stock has had a brutal year, dropping 33.12% over the past 12 months and down 3.40% year-to-date. Wall Street expects fourth quarter earnings of $1.08 per share on revenu ...

MCLEAN, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Thought Leadership & Innovation Foundation (TLI), a not-for-profit organization that works at the nexus of science, technology and public health, proudly joins the American Macular Degeneration Foundation (AMDF) to support Access in Sight! AMD Advocacy and Action Week, a crucial initiative that takes place during the last week of February as part of Low Vision Awareness Month. This advocacy week serves as a rallying call to policymakers and the public, shedding ...

Key TakeawaysAdvanced Micro Devices is set to report fourth-quarter earnings after the closing bell Tuesday.Its stock has taken a hit, losing over a third of its value in the past 12 months amid concerns about the company's outlook and ability to compete with Nvidia's offerings.However, analysts are more bullish than bearish on the stock, and suggested AMD could continue to benefit from strong spending on AI along with rivals. Advanced Micro Devices (AMD) is set to report its fourth-quarter results after th ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Advanced Micro Devices (AMD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Advanced Micro curre ...

In this video, I will cover the recent updates regarding Advanced Micro Devices (AMD -2.45%) and what analysts expect the company to report on Tuesday. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Jan. 31, 2025. The video was published on Feb. 2, 2025. ...

A surprise development may have turned the market for artificial intelligence (AI) chips on its head. DeepSeek, a China-based start-up, developed an open-source large language model, claiming it took two months and cost less than $6 million.Amid that news, AI chip stocks such as Advanced Micro Devices (AMD -2.45%) and Nvidia (NVDA -3.67%) plunged.Admittedly, the dust has yet to settle, and perceptions of these stocks may change as more information comes to light. Nonetheless, with this industry possibly in ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD, NVDA, AVGO, GOOG, MSFT, META either through stock ownership, options, or other derivativ ...

Advanced Micro Devices (AMD) is expected to have benefited from strong Data Center revenues in the fourth quarter of 2024, set to be released on Feb. 4.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.AMD benefits from a robust product portfolio and expanding partner base. It continues to strengthen its footprint in the enterprise data center arena by leveraging the power of fourth-generation EPYC CPUs. AMD, along with its partners, continues to offer solutions that enable greater data ...