AMD reported its Q4 2024 performance with record-breaking consecutive quarters, totaling revenue of $7.658 billion, up 24% from the same period the previous year, and a net profit of $482 million according to GAAP standards.
Dr. Lisa Su, CEO and President of AMD, emphasized that the past year marked a significant transformation for the company, with record revenue and profit growth. The Data Center group saw nearly identical growth in both EPYC and Instinct, pointing to further growth opportunities in 2025 due to strong product portfolio and increased demand for HPC products.
AMD’s revenue breakdown by business group is as follows:
– Data Center: Increased by 69% to $3.859 billion, reaching a record high driven by AMD Instinct and AMD EPYC.
– Client: Grew by 58% to $2.313 billion, also achieving record highs with increased demand for AMD Ryzen.
– Gaming: Revenue of $563 million, a 59% decrease mainly due to reduced revenue from semi-custom.
– Embedded: Revenue of $923 million, a 13% decrease attributed to fluctuating market demands.
TLDR: AMD achieved record-breaking revenue and profit growth in Q4 2024, driven by strong performance in the Data Center and Client groups, despite declines in Gaming and Embedded revenue.
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