AMD reported strong Q4 2024 earnings with revenue growth, but stock fell in after-hours trading

From Nasdaq: 2025-02-05 09:20:00

Advanced Micro Devices (NASDAQ: AMD) reported a 24% increase in revenue to $7.66 billion in Q4 2024, beating expectations. Data center revenue soared 69% to $3.86 billion, while client revenue rose 58% to $2.31 billion. However, gaming revenue fell by 59% to $563 million, and embedded revenue dropped by 13% to $923 million.

AMD’s stock price fell by nearly 4% in after-hours trading following the earnings report. The company met expectations for adjusted earnings per share and exceeded revenue expectations. Despite strong financial results, AMD’s stock has struggled, down 33% over the past year.

Looking ahead, AMD projects revenue between $6.8 billion and $7.4 billion for Q1 2025, representing 30% year-over-year growth at the midpoint. Investors are eager for details on AMD’s AI accelerator sales outlook, as competition from Nvidia and Intel remains fierce. The company’s AI momentum will be crucial for stock rebound in 2025.



Read more at Nasdaq: AMD Earnings: Data Center and PC Shine