AMD reports profit beat, but misses on data center revenue
Posted: Feb 04, 2025
- Advanced Micro Devices (AMD) reported Q4 results that beat expectations, but stock fell 6% due to missing estimates in data center segment
- Earnings per share: $1.09 (vs $1.08 expected), Revenue: $7.66 billion (vs $7.53 billion expected)
- Expects $7.1 billion in Q1 sales, gross margin about 54%
- Predicts strong double-digit revenue and EPS growth in 2025
- Data center sales up 69% to $3.86 billion, below analyst predictions
- Data center division revenue for full year increased 94% to $12.6 billion
- PC chip sales increased 58%, gaming GPU revenue declined 59%
- Embedded chips division reported $923 million in sales, down 13%
- AMD reported better-than-expected revenue and profit in Q4 2024
- Data center sales nearly doubled in 2024 but fell short of estimates
- AMD $AMD stock fell about 6% in extended trading
- AMD expected $7.1 billion in sales in Q1 2025
- AMD projects strong double-digit percentage revenue and EPS growth in 2025
- Data center division revenue increased 94% to $12.6 billion in 2024
- AMD growth trajectory led by data center AI franchise, aiming for tens of billions of dollars in revenue
- AMD saw strong demand for chips in PCs, laptops, desktops, and mobile computers
- AMD is second-largest producer of gaming GPUs behind Nvidia
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