AMD Earnings Prediction
The chart below shows how AMD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMD sees a +0.37% change in stock price 10 days leading up to the earnings, and a +6.96% change 10 days following the report. On the earnings day itself, the stock moves by +0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
AMD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.82B
17.57%
16.86%
Gross Margin
44.98%
13.59%
5.31%
Operating Margin
10.41%
138.76%
134.46%
Net Margin
11.31%
119.19%
149.12%
EPS
0.47
161.11%
193.75%
No Data Available
AMD Earnings Analysis
Advanced Micro Devices Corporation (AMD.O) Earnings Conference Call
Positive
Record Revenue Achievement: 1. Record Revenue Growth: AMD achieved a record revenue of $6.8 billion in Q3 2024, marking an 18% increase year-over-year, driven by strong sales in the Data Center and Client segments.
Data Center Revenue Surge: 2. Data Center Segment Surge: The Data Center segment revenue soared 122% year-over-year to a record $3.5 billion, significantly contributing to overall revenue growth.
Earnings Per Share Surge: 3. Earnings Per Share Increase: AMD reported a 31% year-over-year increase in diluted earnings per share, reaching $0.92, reflecting strong operational performance.
Gross Margin Improvement: 4. Gross Margin Expansion: The company expanded its gross margin by 250 basis points year-over-year to 54%, primarily due to higher revenue from the Data Center segment.
Client Segment Revenue Growth: 5. Strong Client Segment Performance: Client segment revenue grew 29% year-over-year to $1.9 billion, driven by robust demand for the latest generation of Ryzen processors.
Negative
Gaming Revenue Drop: 1. Gaming Segment Decline: Revenue in the Gaming segment fell 69% year-over-year to $462 million, primarily due to a decrease in semi-custom sales as Microsoft and Sony reduced channel inventory.
Embedded Segment Revenue Decline: 2. Embedded Segment Revenue Drop: The Embedded segment experienced a 25% year-over-year revenue decrease, totaling $927 million, as customers continued to normalize their inventory levels amid ongoing softness in the industrial market.
Operating Expenses Rise: 3. Operating Expenses Increase: Operating expenses rose 15% year-over-year to $1.96 billion, reflecting continued investments in R&D and go-to-market activities, which could pressure profitability.
Inventory Increase Concerns: 4. Inventory Buildup: Inventory increased sequentially by $383 million to $5.4 billion, indicating potential overstock issues that may affect future cash flow and operational efficiency.
Cash Flow Concerns: 5. Weak Cash Flow from Operations: Although free cash flow was reported at $496 million, the cash generated from operations was only $628 million, suggesting potential challenges in sustaining cash flow growth amidst rising expenses.
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AMD Earning Call Sentiment
Advanced Micro Devices, Inc. (AMD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AMD.O
-6.37%Positive
The earnings call highlights strong financial performance, with record revenues in key segments, improved gross margins, and increased EPS. The data center segment shows significant growth, and guidance has been raised, indicating optimism. Although the gaming and embedded segments declined, the overall outlook is positive, driven by data center and client segments. The Q&A session reinforces confidence in the data center business and future growth prospects. The acquisition of Silo AI and increased shareholder returns further support a positive sentiment. Considering these factors, a positive stock price movement of 2% to 8% is expected.