AMD said it reported revenue of $5.5 billion for the quarter ended March 30, 2024, with gross margin of 47%, operating income of $36 million, net income of $123 million and diluted earnings per share of $0.07. Note: the quarter is Q1 2024.

1. 01

   AMD said it reported revenue of $5.5 billion for the quarter ended March 30, 2024, with gross margin of 47%, operating income of $36 million, net income of $123 million and diluted earnings per share of $0.07. Note: the quarter is Q1 2024.

2. 02

   The company said Data Center segment revenue for Q1 was $2.3 billion, up 80% year over year, and Client revenue was $1.4 billion, up 85%. Gaming revenue was $922 million, down 48%, and Embedded revenue was $846 million, down 46%.

3. 03

   AMD also reported non-GAAP gross margin of 52%, operating income of $1.1 billion, net income of $1.0 billion and diluted earnings per share of $0.62 for Q1. The company said GAAP adjustments include amortization of acquisition-related intangibles of $622 million.

4. 04

   The company said it expects revenue for Q2 2024 of approximately $5.7 billion, plus or minus $300 million, and non-GAAP gross margin of approximately 53%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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