AMD Q4 revenue reaches $ 7.66 billion, which is 24%, but the shares falls
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Advanced Micro Devices reported $ 7.658 billion in revenue for the fourth quarter, 24% compared to a year ago. But the price of AMD shares fell in trade in hours to $ 113.66, which is 4.89%.
The net income was $ 482 million for the fourth quarter, ending on December 31, which is 28% of $ 667 million a year earlier.
AMD saw revenue from $ 3.9 billion in the quarter, 69% compared to a year ago. It was conditioned by EpyC records and instinct GPU revenue – and demand is led by the rapid reception of AI. For 2024, segments from the data center segments were a record $ 12.6 billion, which was an increase of 94% compared to the previous year, conditioned by growth in both AMD instincts and EPYC processors.
Customer’s revenue in the quarter was $ 2.3 billion, which is 58% compared to a year earlier. AMD himself expected a total Q4 to reach $ 7.5 billion in revenue, plus or minus $ 300 million. Back in November, AMD announced that it was dismissing 4% of its staff or about 1,000 people.
In the game segment, there is a revenue of $ 563 million, which is 58% compared to a year ago due to lower income from the semi-perisonal. This revenue comes mainly from sales from the revenue of the Xbox and PlayStation Game console.
Built -in segments of $ 923 million, which is 13% compared to a year ago, as customers continued to normalize stock levels.
For the first quarter of 2025, AMD expects revenue to be approximately $ 7.1 billion, plus or minus $ 300 million. In the average point of the revenue range, this is an increase of the year of approximately 30% and a consistent decrease of approximately 7%. The gross margin of Ne-GAAP is expected to be approximately 54%.
“2024 was a transformative year for AMD, as we have deliver records of annual revenue and strong profit growth,” said AMD CEO Lisa Su in a statement. “The annual revenue from the data center segment almost doubled when the EPYC processor is accelerated and we have delivered over $ 5 billion dollars from instinct for AMD instinct. Looking at 2025, we see clear possibilities for continuing growth based on the strength of our product portfolio and the increasing demand for highly efficient and adaptive calculations. “
“We closed 2024 with a strong fourth quarter, achieving record revenue by 24% compared to the year and accelerating the expansion of profits while investing aggressively in AI and innovation to position us for long -term growth and creation of value,” said CFO, “CFO said of AMD Jean Jean Hu, in a statement.
As noted, AMD has fired about 1,000 of its 26,000 employees since November. It was about 4% of his staff. Own AMD cuts come at a time when AMD is well beaten Intel on the X86 processor market. But AMD is also second in the transition from graphics units for graphics processing (GPU) to AI accelerators in competition with Giant in the AI ​​Chip Nvidia market.
But Mercury Research reports that the AMD Q4 share of Intel processors is already 34%, drastically from years ago.
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