Advanced Micro Devices Inc
AMD
ISIN US0079031078 / Valor 903491
Advanced Micro Devices Inc
UMushroom community rating:
About company
Advanced Micro Devices Inc. (AMD) is a prominent player in the technology sector, specializing in the development of high performance and adaptive computing solutions. Since its inception in 1969, AMD has evolved from a Silicon Valley start-up into a global powerhouse in the semiconductor industry. The company is renowned for its contributions to the data center, embedded, gaming, and PC markets, where it has consistently pushed the boundaries of modern computing. AMD's product portfolio includes a range of processors and technologies designed to enhance computing experiences across various applications. With a history marked by significant industry firsts and technological achievements, AMD continues to focus on innovation, quality, and the development of cutting-edge computing technologies.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (14.08.2024):
Revenue Growth
Advanced Micro Devices Inc. reported revenue of $5.8 billion for the second quarter of 2024, marking a 9% increase from the same quarter in 2023 and a 7% rise from the previous quarter. This growth was primarily driven by strong performance in the Data Center and Client segments.
Net Income
For the second quarter of 2024, Advanced Micro Devices Inc. achieved a net income of $265 million, a significant improvement compared to $27 million in the second quarter of 2023. This represents an 881% year-over-year increase and a 115% sequential increase from the first quarter of 2024.
Gross Margin
Advanced Micro Devices Inc. reported a gross margin of 49% for the second quarter of 2024, up from 46% in the same quarter of the previous year. On a non-GAAP basis, the gross margin was 53%, reflecting a 3 percentage point increase year-over-year and a 1 percentage point increase sequentially.
Operating Income
In the second quarter of 2024, Advanced Micro Devices Inc. recorded an operating income of $269 million, a substantial turnaround from an operating loss of $20 million in the second quarter of 2023. On a non-GAAP basis, operating income was $1.3 billion, up 18% year-over-year and 12% sequentially.
Future Outlook
Looking ahead to the third quarter of 2024, Advanced Micro Devices Inc. expects revenue to be approximately $6.7 billion, plus or minus $300 million. This forecast represents a year-over-year growth of approximately 16% and a sequential growth of approximately 15%, with a non-GAAP gross margin expected to be around 53.5%.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
223120 M
Market cap (USD)
7,280,665
Daily traded volume (Shares)
140.25 / 134.93
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
Lea Katunaric
Luba Schoenig
Sergej Kling
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