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Advanced Micro Devices (AMD)
NASDAQ:AMD
Holding AMD?
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.09Last Year’s EPS
$0.77Same Quarter Last Year
Moderate Buy
Based on 30 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -28.29%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in the Data Center and Client segments with record revenue and growth, alongside successful product launches. However, challenges were noted in the Gaming and Embedded segments, with significant year-over-year declines. Despite these challenges, the overall financial outlook remains positive.Company Guidance
During AMD's Q3 2024 earnings call, the company provided guidance for the fourth quarter of 2024, expecting revenue to be approximately $7.5 billion, reflecting a 22% year-over-year increase. This growth is anticipated to be driven by strong performances in the Data Center and Client segments, more than offsetting declines in the Gaming and Embedded segments. AMD aims to maintain a non-GAAP gross margin of about 54% in Q4, the same as Q3. Operating expenses are projected to be around $2.05 billion, with a non-GAAP effective tax rate of 13%. The company also highlighted a robust outlook for its Data Center GPU revenue, which is expected to exceed $5 billion for the year, driven by significant adoption of its MI300 series and expanding customer base.Record Revenue and Growth
Third quarter revenue increased 18% year-over-year to a record $6.8 billion, driven by strong sales in Data Center and Client Processors.
Data Center Segment Performance
Data Center segment revenue increased 122% year-over-year to a record $3.5 billion, driven by strong EPYC and Instinct product sales.
Client Segment Growth
Client segment revenue was $1.9 billion, up 29% year-over-year, driven by strong demand for Zen 5 Ryzen processors.
Successful Product Launches
Launch of next-gen MI-325X GPU and Ryzen AI Pro 300 Series processors, enhancing AI capabilities and customer adoption.
Positive Financial Outlook
For Q4 2024, AMD expects revenue to be approximately $7.5 billion, up 22% year-over-year, driven by growth in Data Center and Client segments.
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AMD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $166.25 | $148.60 | -10.62% |
| Jul 30, 2024 | $138.44 | $144.48 | +4.36% |
| Apr 30, 2024 | $158.38 | $144.27 | -8.91% |
| Jan 30, 2024 | $172.06 | $167.69 | -2.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Advanced Micro Devices (AMD) report earnings?
Advanced Micro Devices (AMD) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Advanced Micro Devices (AMD) earnings time?
Advanced Micro Devices (AMD) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMD EPS forecast?
AMD EPS forecast for the fiscal quarter 2024 (Q4) is $1.09.
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