AI English summary of an SEC filing — figures as filed
Advanced Micro Devices AMDAMD said net revenue for the 3 months ended March 30, 2024 was $5.5 billion, up 2% from the prior-year period. The company said the increase was driven by Data Center and Client segment revenue, partly offset by lower Gaming and Embedded segment revenue.
Key points
AI summaryAMD said net revenue for the 3 months ended March 30, 2024 was $5.5 billion, up 2% from the prior-year period. The company said the increase was driven by Data Center and Client segment revenue, partly offset by lower Gaming and Embedded segment revenue.
Advanced Micro Devices said Data Center net revenue was $2.3 billion, up 80% from $1.3 billion in the prior-year period. Operating income was $541 million, compared with $148 million in the prior-year period. The company cited higher sales of AMD Instinct GPUs and 4th Gen AMD EPYC CPUs as factors.
The company said gross margin was 47%, up from 44% in the prior-year period. Operating income was $36 million, compared with an operating loss of $145 million in the prior-year period. Net income was $123 million, compared with a net loss of $139 million in the prior-year period.
AMD said net cash provided by operating activities for the 3 months was $521 million. It said this reflected net income of $123 million, adjusted for non-cash and non-operating charges of $1.2 billion, and net cash outflows of $760 million from changes in operating assets and liabilities. Cash, cash equivalents and short-term investments were $6.0 billion.
Key figures
Quarter ended March 30, 2024
- Revenue
- $5.5B
- Operating income
- $36M
- Net income
- $123M
- EPS
- $0.07
- Gross profit
- $2.6B
- Operating cash flow
- $521M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Quarterly Net Revenue of $5.5 billion, Up 2%
AMD said net revenue for the 3 months ended March 30, 2024 was $5.5 billion, up 2% from the prior-year period. The company said the increase was driven by Data Center and Client segment revenue, partly offset by lower Gaming and Embedded segment revenue.
Source · Based on the MD&A text of the filing
Data Center Revenue Up 80%, Operating Income $541 million
Advanced Micro Devices said Data Center net revenue was $2.3 billion, up 80% from $1.3 billion in the prior-year period. Operating income was $541 million, compared with $148 million in the prior-year period. The company cited higher sales of AMD Instinct GPUs and 4th Gen AMD EPYC CPUs as factors.
Source · Based on the MD&A text of the filing
Gross Margin 47%, Operating Income $36 million
The company said gross margin was 47%, up from 44% in the prior-year period. Operating income was $36 million, compared with an operating loss of $145 million in the prior-year period. Net income was $123 million, compared with a net loss of $139 million in the prior-year period.
Source · Based on the MD&A text of the filing
Operating Cash Flow $521 million
AMD said net cash provided by operating activities for the 3 months was $521 million. It said this reflected net income of $123 million, adjusted for non-cash and non-operating charges of $1.2 billion, and net cash outflows of $760 million from changes in operating assets and liabilities. Cash, cash equivalents and short-term investments were $6.0 billion.
Source · Based on the MD&A text of the filing
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…