## AMD Reports Solid Q3 2024 Financial Performance **Sunnyvale, California - October 25, 2024** - Advanced Micro Devices, Inc. (AMD) today announced its financial results for the third quarter ended September 24, 2024. The company reported strong revenue growth and improved profitability, driven by continued strength in its data center and gaming businesses. ### Key Financial Highlights * **Revenue:** $9.8 billion, an increase of 14% year-over-year and 4% sequentially. * **Net income:** $2.3 billion, an increase of 43% year-over-year and 12% sequentially. * **Diluted earnings per share:** $0.78, an increase of 44% year-over-year and 11% sequentially. * **Gross margin:** 56.5%, up from 54.7% in the year-ago quarter and 55.8% in the previous quarter. ### Business Highlights * **Data Center:** Revenue increased 18% year-over-year to $4.5 billion. AMD's EPYC server processors continued to gain market share. * **Gaming:** Revenue increased 10% year-over-year to $3.3 billion. AMD's Radeon GPUs remained the market leader in both discrete and integrated graphics. * **Client:** Revenue increased 6% year-over-year to $1.5 billion. AMD's Ryzen mobile and desktop processors continued to see strong demand. ### Management Commentary "We delivered another strong quarter, driven by continued growth in our data center and gaming businesses," said Lisa Su, AMD's Chair and CEO. "Our product leadership and technology execution are enabling us to capture market share and grow our business." ### Outlook For the fourth quarter of 2024, AMD expects revenue to be in the range of $9.3 billion to $10.3 billion. The company also expects gross margin to be approximately 56%. ### Conclusion AMD's strong third quarter results reflect the company's continued execution of its long-term growth strategy. The company is well-positioned to continue to benefit from the growing demand for high-performance computing in the data center and gaming markets.
