Advanced Micro Devices Full Year 2024 Earnings: EPS Misses Expectations

Advanced Micro Devices (NASDAQ:AMD) Full Year 2024 Results

Key Financial Results

• Revenue: US$25.8b (up 14% from FY 2023).
• Net income: US$1.64b (up 92% from FY 2023).
• Profit margin: 6.4% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.01 (up from US$0.53 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Advanced Micro Devices EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%.

The primary driver behind last 12 months revenue was the Data Center segment contributing a total revenue of US$12.6b (49% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$6.46b (54% of total expenses). Explore how AMD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 4.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Advanced Micro Devices' balance sheet.

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