AMD reports fourth-quarter 2024 revenue
AMD’s fourth quarter is a repeat of the third quarter, which is mostly a good thing. Data center continues to grow, while embedded and gaming continue to struggle.
AMD’s fourth quarter is a repeat of the third quarter, which is mostly a good thing. Data center continues to grow, while embedded and gaming continue to struggle.
The company beat expectations for the quarter but warned a return to profitability will take time.
Data center sales rose 112% YoY, while graphics/gaming was up 15%.
The company took all of its financial hits at once and guided to an optimistic Q4.
Buoyed by sales of Epyc and Instinct data center products.
Data center sales rose 54% YoY, and graphics/gaming was up 15.7%.
15,000 employees are about to pay for management’s misfire.
Data center sales rose 427% YoY, while graphics/gaming was up just 18%.
Seasonal weakness was to be expected, but the stock took a hit on weak guidance.
The quarter was more about business and infrastructure happenings than sales and profit.