AMD reports fourth-quarter revenue up 11% to $10.3 billion
Profit up to $1.8 billion and gross margin 54%.
Profit up to $1.8 billion and gross margin 54%.
Declares the CPU’s role in AI is essential.
AI chip demand drives strong data center revenue for AMD.
Qtr-qtr, -5.6%; Yr-yr, +8.5%.
The company offered a strong Q3 outlook on AI sales.
Lip-Bu Tan: Steps in the right direction.
No surprises as all business units are down slightly sequentially but up year over year.
The company changes its accounting to reflect focus on core products, which beat expectations for the quarter.
AMD’s fourth quarter is a repeat of the third quarter, which is mostly a good thing. Data center continues to grow, while embedded and gaming continue to struggle.
The company beat expectations for the quarter but warned a return to profitability will take time.
Data center sales rose 112% YoY, while graphics/gaming was up 15%.
The company took all of its financial hits at once and guided to an optimistic Q4.