AMD Q3 2024 Earnings Call Highlights:
1. Record revenue of $6.8 billion, up 18% year-over-year
2. Data center segment revenue more than doubled, now 52% of total revenue
3. Client segment revenue grew 29% year-over-year
4. Gross margin expanded by 250 basis points to 54%
5. Earnings per share increased 31% year-over-year to $0.92
6. Strong demand for EPYC CPUs and Instinct AI accelerators
7. MI300X deployed by Microsoft for Copilot services and Meta for LLaMA 2 inferencing
8. Announced acquisition of Nod.ai to enhance AI software capabilities
9. On track to launch first RDNA 4 GPU in early 202
Earnings Call
2024/11/29
AMD Q3 2024 Earnings Call Highlights:
1. Record revenue of $6.8 billion, up 18% year-over-year
2. Data center segment revenue more than doubled, now 52% of total revenue
3. Client segment revenue grew 29% year-over-year
4. Gross margin expanded by 250 basis points to 54%
5. Earnings per share increased 31% year-over-year to $0.92
6. Strong demand for EPYC CPUs and Instinct AI accelerators
7. MI300X deployed by Microsoft for Copilot services and Meta for LLaMA 2 inferencing
8. Announced acquisition of Nod.ai to enhance AI software capabilities
9. On track to launch first RDNA 4 GPU in early 2025
10. Celebrating CEO Lisa Su's 10th anniversary, with focus on future AI leadership