The earnings call reflects a strong performance in AMD's data center and client segments, with significant growth driven by AI and server products. However, challenges remain in the gaming and embedded segments, which experienced notable declines. Overall, the positive growth in key areas outweighs the lowlights, positioning AMD well for continued success in 2025.

Company Guidance

During the AMD fourth quarter and full year 2024 conference call, the company provided substantial guidance on its financial performance and projections. AMD reported record annual revenue of $25.8 billion, representing a 14% increase year-over-year, with significant contributions from its data center segment, which grew 94% to total $3.9 billion in the fourth quarter alone. The client segment also saw substantial growth, with revenue increasing 52% year-over-year to $2.3 billion. The company achieved a gross margin of 54% for the quarter, up 330 basis points from the previous year, and delivered a net income growth of 26% annually. Looking forward to 2025, AMD expects double-digit revenue and EPS growth, with first-quarter revenue projected at $7.1 billion, reflecting a 30% increase year-over-year, although a 7% sequential decrease due to seasonality. The data center segment is anticipated to grow strongly, driven by new product introductions like the MI350 series GPUs and a continued focus on AI, with potential for the data center AI business to expand from over $5 billion in 2024 to tens of billions in the coming years.

Record Annual Revenue and Growth

AMD reported record annual revenue of $25.8 billion, up 14%, driven by significant growth in the data center and client segments.

Data Center Segment Growth and AI Expansion

Data center revenue increased 69% year-over-year to a record $3.9 billion, with strong adoption of EPYC CPUs and MI300X deployments expanding with major cloud partners.

Client Segment Performance

Client segment revenue increased 58% year-over-year to a record $2.3 billion, driven by strong demand for Ryzen processors and record OEM PC sell-through.

Strong AI Business Development

AMD's data center AI business delivered greater than $5 billion in revenue for the year, with major wins in AI deployments and progress in AI software and hardware roadmaps.

Gross Margin and Earnings Growth

Gross margin expanded by 300 basis points to 54%, and earnings per share grew 25% year-over-year, demonstrating strong operating leverage.

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Advanced Micro Devices (AMD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AMD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2025	2025 (Q1)	0.95 / -	0.62	―	―	―
Feb 04, 2025	2024 (Q4)	1.08 / 1.09	0.77	41.56% (+0.32)
Oct 29, 2024	2024 (Q3)	0.92 / 0.92	0.7	31.43% (+0.22)
Jul 30, 2024	2024 (Q2)	0.68 / 0.69	0.58	18.97% (+0.11)
Apr 30, 2024	2024 (Q1)	0.62 / 0.62	0.6	3.33% (+0.02)
Jan 30, 2024	2023 (Q4)	0.77 / 0.77	0.69	11.59% (+0.08)
Oct 31, 2023	2023 (Q3)	0.68 / 0.70	0.67	4.48% (+0.03)
Aug 01, 2023	2023 (Q2)	0.57 / 0.58	1.05	-44.76% (-0.47)
May 02, 2023	2023 (Q1)	0.56 / 0.60	1.13	-46.90% (-0.53)
Jan 31, 2023	2022 (Q4)	0.67 / 0.69	0.92	-25.00% (-0.23)

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
Feb 04, 2025	$119.50	$112.01	-6.27%
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%

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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