Cost ManagementAMD's 4Q operating expenses guidance came in meaningfully ahead of expectations, highlighting the cost of catching up in a competitive GPU market.
Financial PerformanceGaming and Embedded segments remain weak, with significant YoY declines, impacting overall margins due to slower recovery.
Revenue OutlookAMD guided 4Q24 revenue to $7.50 billion, below Consensus of $7.54 billion, due to lower-than-expected gaming segment demand.