AMD said Data Center net revenue for the 3 months ended September 28, 2024 rose to $3.5 billion from $1.6 billion a year earlier, up 122%. The company cited the strong ramp of AMD Instinct GPU shipments and growth in AMD EPYC CPU sales as the drivers.

10-QQuarterly reportFiled Oct 30, 2024Period of report Sep 28, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

AMD said Data Center net revenue for the 3 months ended September 28, 2024 rose to $3.5 billion from $1.6 billion a year earlier, up 122%. The company cited the strong ramp of AMD Instinct GPU shipments and growth in AMD EPYC CPU sales as the drivers.
Advanced Micro Devices said net revenue for the 3 months ended September 28, 2024 was $6.8 billion, up 18% from the prior year period. It said gross margin was 50% (47% a year earlier), operating income was $724 million and net income was $771 million.
The company said it completed the all-cash acquisition of Silo AI for $665 million on August 9, 2024, with net purchase consideration of $553 million. It also said it agreed on August 17 to acquire ZT Systems in a cash and stock transaction valued at about $4.9 billion.
AMD said net cash provided by operating activities was $1.7 billion for the 9 months ended September 28, 2024. It said this reflected net income of $1.2 billion, adjusted for non-cash and non-operating items of $2.6 billion, and net cash outflows of $2.0 billion from changes in operating assets and liabilities.

Key figures

Quarter ended September 28, 2024

Revenue: $6.8B
Operating income: $724M
Net income: $771M
EPS: $0.47
Gross profit: $3.4B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis 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.

Data Center revenue up 122%

AMD said Data Center net revenue for the 3 months ended September 28, 2024 rose to $3.5 billion from $1.6 billion a year earlier, up 122%. The company cited the strong ramp of AMD Instinct GPU shipments and growth in AMD EPYC CPU sales as the drivers.

Source · Based on the MD&A text of the filing

Net revenue of $6.8 billion in 3 months, gross margin 50%

Advanced Micro Devices said net revenue for the 3 months ended September 28, 2024 was $6.8 billion, up 18% from the prior year period. It said gross margin was 50% (47% a year earlier), operating income was $724 million and net income was $771 million.

Source · Based on the MD&A text of the filing

Silo AI acquisition completed; ZT Systems deal agreed

The company said it completed the all-cash acquisition of Silo AI for $665 million on August 9, 2024, with net purchase consideration of $553 million. It also said it agreed on August 17 to acquire ZT Systems in a cash and stock transaction valued at about $4.9 billion.

Source · Based on the MD&A text of the filing

Operating cash flow of $1.7 billion in 9 months

AMD said net cash provided by operating activities was $1.7 billion for the 9 months ended September 28, 2024. It said this reflected net income of $1.2 billion, adjusted for non-cash and non-operating items of $2.6 billion, and net cash outflows of $2.0 billion from changes in operating assets and liabilities.

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

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