Quick hitter:
- Advanced Micro Devices press release (NASDAQ:AMD): Q4 Non-GAAP EPS of $0.77 in-line.
- Revenue of $6.2B (+10.7% Y/Y) beats by $60M.
- Data Center segment revenue in the quarter was $2.3 billion, up 38% year-over-year and 43% sequentially driven by strong growth in AMD Instinct™ GPUs and 4th Gen AMD EPYC™ CPUs.
- Client segment revenue was $1.5 billion, up 62% year-over-year driven primarily by an increase in AMD Ryzen™ 7000 Series CPU sales.
- Gaming segment revenue was $1.4 billion, down 17% year-over-year and 9% sequentially, due to a decrease in semi-custom revenue, partially offset by an increase in AMD Radeon™ GPU sales.
- Embedded segment revenue was $1.1 billion, down 24% year-over-year and 15% sequentially primarily due to customers reducing their inventory levels.
- For the first quarter of 2024, AMD expects revenue to be approximately $5.4 billion ($5.57B consensus), plus or minus $300 million. Sequentially, AMD expects Data Center segment revenue to be flat, with a seasonal decline in server sales offset by a strong Data Center GPU ramp. Client, Embedded and Gaming segment sales are expected to decline sequentially, with semi-custom revenue expected to decline by a significant double-digit percentage. Non-GAAP gross margin is expected to be approximately 52%.
Advanced Micro Devices Non-GAAP EPS of $0.77 in-line, revenue of $6.2B beats by $60M (NASDAQ:AMD)
Advanced Micro Devices (AMD) reports Q4 earnings: Non-GAAP EPS in line with expectations, revenue beats estimates by $60M.
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Financial Information
View AMD’s financial information including latest financial results.
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