From Nasdaq:

Advanced Micro Devices, Inc. (NASDAQ:AMD) reported Q4 results in line with expectations, with strong Data Center revenue offsetting weakness in Gaming and Embedded segments. The chipmaker guided Q1 revenue above consensus, but its stock fell in after-hours trading. The fourth-quarter non-GAAP EPS was 77 cents per share on revenue of $6.17 billion.

AMD segments: Data Center revenue increased by 38% year-over-year to $2.3 billion, while Client revenue increased by 62% to $1.5 billion. Gaming segment revenue decreased by 17% to $1.4 billion, and Embedded segment revenue decreased by 24% to $1.1 billion.

AMD guided Q1 revenue to $5.4 billion plus or minus $300 million and guided the non-GAAP gross margin to 52%. For the full fiscal year 2024, the consensus earnings per share and revenue estimates are at $3.59 and $24.74 billion, respectively. Analysts expect AI revenue to grow from $4 billion in 2024 to over $7 billion in 2025.

Following the earnings release, AMD shares fell 2.53% in after-hours trading and 3.24% in the regular session, stung by a downgrade from Raymond James. The stock hit an all-time closing high of $180.33 on Thursday but has since slipped. The average analyst price target for AMD shares is at $165.65, or 3.73% downside from current levels.

Analysts will seek clarity on customer engagements for MI300X, Genoa ramp-up, PC market recovery, and market share dynamics in the earnings call scheduled for 5 p.m. ET.



Read more: AMD Stock Slips After In-Line Q4: Lisa Su Touts ‘Exciting Time’ For Chipmaker Driven By AI