AMD Reports Third Quarter 2024 Financial Results
AMD (NASDAQ:AMD) announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. The company delivered strong financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for Ryzen PC processors. AMD sees significant growth opportunities across its data center, client, and embedded businesses driven by the insatiable demand for more compute. The company is on-track to deliver record annual revenue for 2024 based on significant growth in its Data Center and Client segments.