Record Revenue in Q4 2024
AMD today announced its financial results for the fourth quarter and full year of 2024, showcasing remarkable growth and achieving record revenue. The company reported fourth quarter revenue of a staggering $7.7 billion, marking a notable increase compared to previous quarters. This achievement underscores AMD’s strong market position and its ability to capitalize on the growing demand for advanced computing solutions.
Impressive Gross Margin and Operating Income
In terms of profitability, AMD’s gross margin for the fourth quarter stood at an impressive 51%. When viewed on a non-GAAP basis, the gross margin was even higher at 54%, reflecting the company’s effective cost management and operational efficiency. Additionally, AMD reported operating income of $871 million, with a record non-GAAP operating income of $2.0 billion. These figures signify the robust financial health and operational excellence of the company.
Full Year 2024 Highlights
For the full year of 2024, AMD achieved a record revenue of $25.8 billion, along with a gross margin of 49%. The company’s net income reached $1.6 billion, translating to diluted earnings per share of $1.00. On a non-GAAP basis, AMD’s gross margin was an exceptional 53%, operating income amounted to $6.1 billion, and net income soared to $5.4 billion with diluted earnings per share hitting $3.31. These results reflect AMD’s continuous innovation and strategic growth, solidifying its position as a leader in the semiconductor industry.
