There were no big surprises to be had in the fourth quarter of AMD’s earnings, just more of the same steady march on Intel’s quickly fading dominance.
Advanced Micro Devices (AMD) posted fourth-quarter revenue and earnings that set new records and beat expectations, but data center sales came up short despite setting a new record.
For the fourth quarter, which ended December 28, 2024, revenue was a record $7.7 billion, a 24% improvement over the same time last year and beating analyst estimates. Gross margin was 51%, operating income was $871 million, net income was $482 million, with diluted earnings per share of $0.29. That’s down from net income of $667 million, or $0.41 per share, from a year earlier.
For the full-year 2024, AMD reported record revenue of $25.8 billion, gross margin of 49%, operating income of $1.9 billion, net income of $1.6 billion, and diluted earnings per share of $1.00. On a non-GAAP basis, gross margin was a record 53%, operating income was $6.1 billion, net income was $5.4 billion, and diluted earnings per share was $3.31.
