Advanced Micro Devices Earnings Calls

Q4 2024 Beat
$1.09 (0.93%)
Release date Feb 04, 2025
EPS estimate $1.08
EPS actual $1.09
EPS Surprise 0.93%
Revenue estimate 7.533B
Revenue actual 7.658B
Revenue Surprise 1.66%
Q3 2024 Missed
$0.92 (-0.217%)
Release date Oct 29, 2024
EPS estimate $0.92
EPS actual $0.92
EPS Surprise -0.217%
Revenue estimate 6.715B
Revenue actual 6.819B
Revenue Surprise 1.55%
Q2 2024 Beat
$0.690 (1.77%)
Release date Jul 30, 2024
EPS estimate $0.678
EPS actual $0.690
EPS Surprise 1.77%
Revenue estimate 5.729B
Revenue actual 5.835B
Revenue Surprise 1.86%
Q1 2024 Beat
$0.620 (0.649%)
Release date Apr 30, 2024
EPS estimate $0.616
EPS actual $0.620
EPS Surprise 0.649%
Revenue estimate 5.477B
Revenue actual 5.473B
Revenue Surprise -0.0723%

Last 4 Quarters for Advanced Micro Devices

Below you can see how AMD performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date Apr 30, 2024
Fiscal end date Mar 30, 2024
Price on release $158.38
EPS estimate $0.616
EPS actual $0.620
EPS surprise 0.649%
Date Price
Apr 24, 2024 $151.74
Apr 25, 2024 $153.76
Apr 26, 2024 $157.40
Apr 29, 2024 $160.20
Apr 30, 2024 $158.38
May 01, 2024 $144.27
May 02, 2024 $146.16
May 03, 2024 $150.60
May 06, 2024 $155.78
4 days before 4.38%
4 days after -1.64%
On release day -8.91%
Change in period 2.66%
Q2 2024 Beat
Release date Jul 30, 2024
Fiscal end date Jun 29, 2024
Price on release $138.44
EPS estimate $0.678
EPS actual $0.690
EPS surprise 1.77%
Date Price
Jul 24, 2024 $144.63
Jul 25, 2024 $138.32
Jul 26, 2024 $139.99
Jul 29, 2024 $139.75
Jul 30, 2024 $138.44
Jul 31, 2024 $144.48
Aug 01, 2024 $132.54
Aug 02, 2024 $132.50
Aug 05, 2024 $134.82
4 days before -4.28%
4 days after -2.61%
On release day 4.36%
Change in period -6.78%
Q3 2024 Missed
Release date Oct 29, 2024
Fiscal end date Sep 28, 2024
Price on release $166.25
EPS estimate $0.92
EPS actual $0.92
EPS surprise -0.217%
Date Price
Oct 23, 2024 $152.91
Oct 24, 2024 $153.44
Oct 25, 2024 $156.23
Oct 28, 2024 $159.92
Oct 29, 2024 $166.25
Oct 30, 2024 $148.60
Oct 31, 2024 $144.07
Nov 01, 2024 $141.86
Nov 04, 2024 $140.71
4 days before 8.72%
4 days after -15.36%
On release day -10.62%
Change in period -7.98%
Q4 2024 Beat
Release date Feb 04, 2025
Fiscal end date Dec 28, 2024
Price on release $119.50
EPS estimate $1.08
EPS actual $1.09
EPS surprise 0.93%
Date Price
Jan 29, 2025 $117.35
Jan 30, 2025 $118.86
Jan 31, 2025 $115.95
Feb 03, 2025 $114.27
Feb 04, 2025 $119.50
Feb 05, 2025 $112.01
Feb 06, 2025 $110.16
Feb 07, 2025 $107.28
Feb 10, 2025 $110.48
4 days before 1.83%
4 days after -7.55%
On release day -6.27%
Change in period -5.85%

Advanced Micro Devices Earnings Call Transcript Summary of Q4 2024

Net Income Growth

Net income grew 26% year-over-year.

Market Segments

The Data Center segment accounted for 50% of annual revenue, with a remarkable 69% rise to $3.9 billion in Q4. The Client segment saw a 58% increase to $2.3 billion.

Segment Insights

  • Data Center
    • The success was driven by the adoption of EPYC processors, particularly with hyperscale cloud providers, achieving over 50% market share with major customers.
    • Revenue from the data center AI business exceeded $5 billion in 2024.
    • Strong momentum is expected to carry into 2025, with Turin processors recognized for their performance.
  • Client Segment
    • Led by growth in Ryzen desktop and mobile processors, with strong demand reflected in record sales during the holiday season.
    • AMD plans to expand its partnership with Dell, launching commercial PCs powered by Ryzen Pro processors.
    • Optimistic outlook for continued growth ahead of the overall PC market.
  • Gaming Segment
    • Revenue decreased 59% YOY to $563 million. This was mostly attributed to a decline in semi-custom sales as console companies reduced inventory.
    • Anticipated normalization of sales against historical patterns for 2025.
  • Embedded Segment
    • Revenue dropped 13% YOY to $923 million, impacted by varied demand. However, the segment secured $14 billion in design wins, representing a 25% YOY increase.

Future Expectations

  • 2025 Guidance: AMD forecasts double-digit revenue and EPS growth year-over-year, anticipating strong demand across data center and client businesses.
  • Seasonality and Performance Shape: For Q1 2025, expected revenues are projected at $7.1 billion, a 30% increase YOY but down 7% sequentially, reflecting expected seasonality. This indicates potential headwinds in the gaming and embedded segments.

Product Roadmap

  • AI and Data Center GPUs: Following the deployment of the MI300X, AMD plans to ramp up production of the MI350 series earlier than expected, driven by strong customer interest.
  • Long-term Roadmap: AMD is preparing for the introduction of the MI400 series in 2026, which promises substantial enhancements for AI workloads.

Strategic Focus

  • AI Growth: AMD emphasizes its commitment to establishing a strong presence in the AI market with a comprehensive portfolio that spans CPUs and GPUs. The continued investments in software and hardware for AI solutions are expected to drive growth substantially.

Shareholder Returns

AMD returned $862 million to shareholders in 2024, with $4.7 billion remaining under share repurchase authorization.

Conclusion

AMD's performance in 2024 reflects significant market share gains, particularly in the data center and client segments, amid a broader transition towards AI and advanced computing. The company is positioned for continued growth into 2025 with ongoing product innovation and strategic partnerships.

Advanced Micro Devices Earnings History

Earnings Calendar

FAQ

When is the earnings report for AMD?
Advanced Micro Devices (AMD) has scheduled its earnings report for Apr 29, 2025 after the markets close.

What is the AMD price-to-earnings (P/E) ratio?
AMD P/E ratio as of Feb 13, 2025 (TTM) is 110.49.

What is the AMD EPS forecast?
The forecasted EPS (Earnings Per Share) for Advanced Micro Devices (AMD) for the first fiscal quarter 2025 is $0.94.

What are Advanced Micro Devices's retained earnings?
On its balance sheet, Advanced Micro Devices reported retained earnings of $7.66 billion for the latest quarter ending Dec 28, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT ADVANCED MICRO DEVICES
Advanced Micro Devices
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chi...
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