With AMD's stock declining from poor Q4 guidance, do you think INTC will do better?

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ecommerceshares joined discussion · Oct 30, 2024 10:37

AMD Q3 Earnings Report

$Advanced Micro Devices (AMD.US)$ Revenue $6.8B (+18% YoY), GAAP EPS $0.47, Non-GAAP EPS $0.92 📈 Strong growth in Data Center & Ryzen PC demand!

👉 Business Highlights:
➡️ Revenue of $6.8B, an increase of 18% YoY, driven by growth in Data Center and Client segments.

➡️ Gross margin at 50% GAAP, up 3 percentage points YoY; non-GAAP gross margin at 54%.

➡️ Operating income of $724M GAAP, up 223% YoY; $1.7B non-GAAP, up 34% YoY.

➡️ Data Center segment revenue at $3.5B, up 122% YoY due to EPYC CPU and Instinct GPU growth.

➡️ Client segment revenue at $1.9B, up 29% YoY, driven by Ryzen “Zen 5” processor demand.

➡️ Gaming segment revenue down 69% YoY to $462M, impacted by lower semi-custom revenue.

➡️ Embedded segment revenue at $927M, down 25% YoY, but 8% sequential growth as demand improved.

➡️ AMD completed the acquisitions of Silo AI and ZT Systems to boost AI and data center capabilities.

👉 CEO Statement:

“We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors,” said AMD Chair and CEO Dr. Lisa Su. “Looking forward, we see significant growth opportunities across our data center, client and embedded businesses driven by the insatiable demand for more compute.”