AMD 2024 4Q results

AMD reported its 2024 4Q results on January 30, 2024. Here are the key highlights:

1. Revenue and Gross Margin: AMD reported revenue for the fourth quarter of 2023 of $6.2 billion, with a gross margin of 47%. This indicates a strong financial performance and healthy profitability.

2. Earnings Per Share (EPS): AMD's EPS for the quarter was $0.77 per share, adjusted, which met the expectations of analysts.

3. Data Center Revenue: AMD's data center revenue rose significantly, increasing by 38% year-over-year to $2.28 billion in sales. This growth was driven by the strong demand for its Instinct graphics processors, which are used in AI applications.

4. First-Quarter Forecast: AMD's first-quarter forecast fell slightly short of expectations, with the company projecting sales of approximately $5.4 billion, plus or minus $300 million. This forecast led to a decline in AMD's stock price in extended trading.

Overall, AMD's 2024 4Q results showed robust revenue and data center growth, but the company's first-quarter forecast raised concerns among investors.