AMD (AMD) Reports In-Line Q4 EPS, Q1 Revenue Guidance Misses Consensus

(Updated - January 30, 2024 4:20 PM EST)

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q4 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.13 billion.

GUIDANCE:

Advanced Micro Devices, Inc. sees Q1 2024 revenue of $5.1-5.7 billion, versus the consensus of $5.73 billion.

• For the first quarter of 2024, AMD expects revenue to be approximately $5.4 billion, plus or minus $300 million. Sequentially, AMD expects Data Center segment revenue to be flat, with a seasonal decline in server sales offset by a strong Data Center GPU ramp. Client, Embedded and Gaming segment sales are expected to decline sequentially, with semi-custom revenue expected to decline by a significant double-digit percentage. Non-GAAP gross margin is expected to be approximately 52%.

(Updates consensus)

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