- AMD’s fourth-quarter adjusted earnings per share (EPS) matched estimates at $1.09, up from 77 cents year-over-year (y/y).
- Revenue reached $7.66 billion, representing a 24% increase y/y, surpassing the estimated $7.54 billion.
- Data center revenue grew by 69% y/y to $3.86 billion, although it fell short of the $4.09 billion estimate.
- Gaming revenue declined by 59% y/y to $563 million, exceeding the estimate of $487.9 million.
- Client revenue increased by 58% y/y to $2.31 billion, beating the estimated $1.99 billion.
- Embedded revenue was down 13% y/y to $923 million, below the estimate of $959.4 million.
- The adjusted gross margin improved to 54% from 51% y/y, in line with estimates.
- Capital expenditure grew by 50% y/y to $208 million, higher than the $148.8 million estimate.
- Adjusted operating income rose 43% y/y to $2.03 billion, slightly above the $2.02 billion estimate.
- The adjusted operating margin was 26%, compared to 23% y/y, with estimates at 26.8%.
- Free cash flow increased significantly to $1.09 billion from $242 million y/y, but was below the estimated $1.35 billion.
- R&D expenses totaled $1.71 billion, up 13% y/y, exceeding the estimate of $1.65 billion.
- AMD projects first-quarter 2025 revenue to be around $7.1 billion, with a margin of $300 million.
- Company commentary suggests optimism for 2025, citing opportunities for growth through their product portfolio and demand for high-performance computing.
- AMD shares rose 2.5% in post-market trading to $122.50, with 351,052 shares traded.
Advanced Micro Devices on Smartkarma
Analyst Coverage of Advanced Micro Devices on Smartkarma
Several independent analysts on Smartkarma have been providing insightful coverage of Advanced Micro Devices (AMD). Travis Lundy, in the report titled ‘MarketVector US Semiconductor Index Dec24 Rebal Results: Flow Expectations‘, expects a one-way flow of US$1.3 billion for December 2024, indicating a turnover of 5.4%. William Keating highlights AMD’s CEO Lisa Su being named Time CEO of the Year, acknowledging her leadership amidst challenges. Baptista Research delves into AMD’s robust performance in Q3 2024, with strong growth in key segments like Data Center and Client Processors.
Moreover, William Keating‘s report on AMD’s Q324 financials reveals revenue reaching $6.8 billion, with forecasts projecting $7.5 billion for Q424. Despite a temporary share price drop, the analysis suggests potential growth opportunities ahead. Nicolas Baratte, in the report ‘AMD 3Q24: The Stock Is Down 8% Afterhours’, sees a buying opportunity as concerns are deemed misplaced, emphasizing AMD’s competitive positioning in the market and growth prospects. This comprehensive analyst coverage on Smartkarma provides investors with valuable insights into AMD’s current performance and future prospects.
A look at Advanced Micro Devices Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Advanced Micro Devices, Inc. (AMD) is poised for a solid long-term outlook based on the Smartkarma Smart Scores evaluation. The company demonstrates good potential for resilience with a score of 4, indicating it has a strong ability to weather market fluctuations and economic uncertainties. This resilience factor bodes well for AMD’s capacity to navigate challenges and sustain its business operations in the face of adversity. Furthermore, the company’s value score of 3 suggests that it is reasonably priced in the market relative to its intrinsic worth, offering potential opportunities for investors seeking undervalued assets.
On the other hand, AMD’s growth and momentum scores come in at 2 each, reflecting moderate levels in these areas. While not the highest scores, they indicate a steady upward trajectory for the company’s expansion and market performance. In contrast, AMD’s dividend score of 1 implies that it may not be a strong contender for income-seeking investors relying heavily on dividend payouts. Overall, AMD’s diverse product offerings in semiconductor technologies position it favorably for long-term growth and market presence, supported by its commendable resilience and relative value.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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