AMD Q3 2024 Earnings Call Highlights:
1. Record revenue of $6.8 billion, up 18% year-over-year
2. Data center segment revenue more than doubled, now 52% of total revenue
3. Client segment revenue grew 29% year-over-year
4. Gross margin expanded by 250 basis points to 54%
5. Earnings per share increased 31% year-over-year to $0.92
6. Strong demand for EPYC CPUs and Instinct AI accelerators
7. MI300X deployed by Microsoft for Copilot services and Meta for LLaMA 2 inferencing
8. Announced acquisition of Nod.ai to enhance AI software capabilities
9. On track to launch first RDNA 4 GPU in early 2025
10. Celebrating CEO Lisa Su's 10th anniversary, with focus on future AI leadershipDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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