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AMD Stories Fourth Quarter and Complete Yr 2024 Monetary Effects

AMD Stories Fourth Quarter and Complete Yr 2024 Monetary Effects
February 4, 2025












SANTA CLARA, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) these days introduced monetary effects for the fourth quarter and whole yr of 2024. Fourth quarter earnings was once a file $7.7 billion, gross margin was once 51%, running source of revenue was once $871 million, internet source of revenue was once $482 million and diluted profits in step with proportion was once $0.29. On a non-GAAP(*) foundation, gross margin was once 54%, running source of revenue was once a file $2.0 billion, internet source of revenue was once a file $1.8 billion and diluted profits in step with proportion was once $1.09.
For the whole yr 2024, AMD reported file earnings of $25.8 billion, gross margin of 49%, running source of revenue of $1.9 billion, internet source of revenue of $1.6 billion, and diluted profits in step with proportion of $1.00. On a non-GAAP(*) foundation, gross margin was once a file 53%, running source of revenue was once $6.1 billion, internet source of revenue was once $5.4 billion and diluted profits in step with proportion was once $3.31.
“2024 was once a transformative yr for AMD as we delivered file annual earnings and powerful profits enlargement,” mentioned AMD Chair and CEO Dr. Lisa Su. “Knowledge Heart section annual earnings just about doubled as EPYC processor adoption sped up and we delivered greater than $5 billion of AMD Intuition accelerator earnings. Taking a look into 2025, we see transparent alternatives for persisted enlargement according to the power of our product portfolio and rising call for for high-performance and adaptive computing.”
“We closed 2024 with a robust fourth quarter, handing over file earnings up 24% year-over-year, and sped up profits enlargement whilst making an investment aggressively in AI and innovation to place us for long-term enlargement and price advent,” mentioned AMD EVP, CFO and Treasurer Jean Hu.
GAAP Quarterly Monetary Effects



 
This autumn 2024
This autumn 2023
Y/Y
Q3 2024
Q/Q


Income ($M)
$7,658
$6,168
Up 24%
$6,819
Up 12%


Gross benefit ($M)
$3,882
$2,911
Up 33%
$3,419
Up 14%


Gross margin
51%
47%
Up 4 ppts
50%
Up 1%


Running bills ($M)
$3,022
$2,575
Up 17%
$2,709
Up 12%


Running source of revenue ($M)
$871
$342
Up 155%
$724
Up 20%


Running margin
11%
6%
Up 5 ppts
11%
Flat


Internet source of revenue ($M)
$482
$667
Down 28%
$771
Down 37%


Diluted profits in step with proportion
$0.29
$0.41
Down 29%
$0.47
Down 38%



Non-GAAP(*) Quarterly Monetary Effects



 
This autumn 2024
This autumn 2023
Y/Y
Q3 2024
Q/Q


Income ($M)
$7,658
$6,168
Up 24%
$6,819
Up 12%


Gross benefit ($M)
$4,140
$3,133
Up 32%
$3,657
Up 13%


Gross margin
54%
51%
Up 3 ppts
54%
Flat


Running bills ($M)
$2,125
$1,727
Up 23%
$1,956
Up 9%


Running source of revenue ($M)
$2,026
$1,412
Up 43%
$1,715
Up 18%


Running margin
26%
23%
Up 3 ppts
25%
Up 1 ppt


Internet source of revenue ($M)
$1,777
$1,249
Up 42%
$1,504
Up 18%


Diluted profits in step with proportion
$1.09
$0.77
Up 42%
$0.92
Up 18%



Annual Monetary Effects



 
GAAP

Non-GAAP(*)



 
 2024 
 2023 
Y/Y
 2024 
 2023 
Y/Y


Income ($M)
$25,785
$22,680
Up 14%
$25,785
$22,680
Up 14%


Gross benefit ($M)
$12,725
$10,460
Up 22%
$13,759
$11,436
Up 20%


Gross margin %
49%
46%
Up 3 ppts
53%
50%
Up 3 ppts


Running bills ($M)
$10,873
$10,093
Up 8%
$7,669
$6,616
Up 16%


Running source of revenue ($M)
$1,900
$401
Up 374%
$6,138
$4,854
Up 26%


Running margin %
7%
2%
Up 5 ppts
24%
21%
Up 3 ppts


Internet source of revenue ($M)
$1,641
$854
Up 92%
$5,420
$4,302
Up 26%


Diluted profits in step with proportion
$1.00
$0.53
Up 89%
$3.31
$2.65
Up 25%



Section Abstract

Knowledge Heart section earnings within the quarter was once a file $3.9 billion, up 69% year-over-year essentially pushed via the robust ramp of AMD Intuition™ GPU shipments and enlargement in AMD EPYC™ CPU gross sales.  

For 2024, Knowledge Heart section earnings was once a file $12.6 billion, an build up of 94% in comparison to the prior yr, pushed via enlargement in each AMD Intuition and EPYC processors.


Consumer section earnings within the quarter was once a file $2.3 billion, up 58% year-over-year essentially pushed via robust call for for AMD Ryzen™ processors.

For 2024, Consumer section earnings was once a file $7.1 billion, up 52% in comparison to the prior yr, because of robust call for for AMD Ryzen processors in desktop and cellular.


Gaming section earnings within the quarter was once $563 million, down 59% year-over-year, essentially because of a lower in semi-custom earnings.

For 2024, Gaming section earnings was once $2.6 billion, down 58% in comparison to the prior yr, essentially because of a lower in semi-custom earnings.


Embedded section earnings within the quarter was once $923 million, down 13% year-over-year, as finish marketplace call for remains to be blended.

For 2024, Embedded section earnings was once $3.6 billion, down 33% from the prior yr, essentially because of consumers normalizing their stock ranges.



Contemporary PR Highlights

AMD continues increasing its partnerships to ship extremely performant AI infrastructure at scale:

IBM introduced plans to deploy AMD Intuition MI300X accelerators to energy generative AI and HPC programs on IBM Cloud.
Vultr and AMD introduced a strategic collaboration to leverage AMD Intuition MI300X accelerators and AMD ROCm™ open tool to energy Vultr’s cloud infrastructure for endeavor AI construction and deployment.
Aleph Alpha introduced that it’ll leverage AMD Intuition MI300 Sequence accelerators and ROCm tool to allow its tokenizer-free LLM structure, a brand new solution to generative AI that goals to simplify the improvement of sovereign AI answers for governments and enterprises.
Fujitsu and AMD introduced a strategic partnership to expand extra sustainable computing infrastructure to boost up open supply AI.
AMD expanded strategic investments to advance the AI ecosystem and answers, together with investments in LiquidAI, Vultr and Absci.




AMD is accelerating its AI tool roadmap to ship a strong open AI stack for the ecosystem:

AMD launched ROCm 6.3 with a lot of functionality improvements enabling quicker inferencing on AMD Intuition accelerators in addition to further compiler gear and libraries.
AMD shared an replace on its 2025 plans for the ROCm tool stack to allow more straightforward adoption of and stepped forward out of field make stronger for each inferencing and coaching programs.


Dell and AMD introduced that AMD Ryzen AI PRO processors will energy new Dell Professional pocket book and desktop PCs, bringing outstanding battery existence, on-device AI, Copilot+ reports and loyal productiveness to endeavor customers. For the primary time, Dell will be offering a complete portfolio of business PCs according to Ryzen processors, marking a vital milestone within the firms’ collaboration.
AMD expanded its extensive client and industrial AI PC portfolio:

New AMD Ryzen AI Max and Ryzen AI Max PRO Sequence processors ship workstation-level functionality and next-gen AI functionality for gaming, content material advent and sophisticated AI-accelerated workloads.
Expanded Ryzen AI 300 and Ryzen AI 300 PRO Sequence processors deliver top rate AI features to mainstream and entry-level notebooks, in addition to enhanced safety, manageability and make stronger for Microsoft Copilot+ reports adapted for industry customers.
Further Ryzen 200 and Ryzen 200 PRO Sequence processors be offering implausible AI reports, functionality and battery existence for on a regular basis customers and execs.
Greater than 150 Ryzen AI platforms are anticipated to be to be had from main OEMs this yr.


AMD prolonged its management in excessive functionality computing (HPC), enabling essentially the most tough and lots of the maximum power environment friendly supercomputers on the planet:

The El Capitan supercomputer at Lawrence Livermore Nationwide Laboratory was the second one AMD supercomputer to surpass the exascale barrier, hanging #1 on the newest Top500 listing.
The Hunter supercomputer on the Top-Efficiency Computing Heart of the College of Stuttgart (HLRS), powered via AMD Intuition MI300A APUs, started provider, handing over HPC and AI sources for scientists, researchers, {industry} and the general public sector.
AMD EPYC processors and AMD Intuition accelerators energy many new supercomputing initiatives and AI deployments, together with the Eni HPC 6 gadget, the College of Paderborn’s newest supercomputer and the Sigma2 AS gadget which is slated to be the quickest gadget in Norway.


AMD powers implausible reports for avid gamers throughout a extensive vary of units:

At CES 2025, AMD introduced new AMD Ryzen 9000X3D, Ryzen Z2 and Ryzen 9000HX processors, extending its management in desktop, cellular and hand-held gaming.
AMD shared the newest model of AMD Tool: Adrenalin Version™, 24.9.1, proceeding to fortify gaming reports with AMD Fluid Movement Frames 2 and AMD HYPR-RX.


AMD continues to ship management compute functionality and features on the edge with an expanded portfolio of answers:

New AMD Versal™ Gen 2 portfolio with next-generation interface and reminiscence applied sciences for data-intensive programs within the information middle, communications, check and size and aerospace and protection markets.

AMD Versal RF Sequence adaptive SoCs, combining high-resolution radio frequency information converters, devoted DSP arduous IP, AI engines and programmable good judgment in one chip.
Vodafone and AMD introduced they’re taking part on cellular base station silicon chip designs to allow higher-capacity AI and virtual products and services.



Present Outlook
AMD’s outlook statements are according to latest expectancies. The next statements are forward-looking and precise effects may fluctuate materially relying on marketplace prerequisites and the standards set forth underneath “Cautionary Remark” beneath.
For the primary quarter of 2025, AMD expects earnings to be roughly $7.1 billion, plus or minus $300 million. On the mid-point of the earnings vary, this represents year-over-year enlargement of roughly 30% and a sequential decline of roughly 7%. Non-GAAP gross margin is anticipated to be roughly 54%.
AMD Teleconference
AMD will cling a convention name at 2:00 p.m. PT (5:00 p.m. ET) these days to speak about its fourth quarter and whole yr 2024 monetary effects. AMD will supply a real-time audio broadcast of the teleconference at the Investor Members of the family web page of its website online at www.amd.com.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(in hundreds of thousands, apart from in step with proportion information) (Unaudited)
 



 
3 Months Ended
 
Yr Ended


 

December 28,
2024

 

September 28,
2024

 

December 30,
2023

 

December 28,
2024

 

December 30,
2023



GAAP gross benefit
$
3,882
 
 
$
3,419
 
 
$
2,911
 
 
$
12,725
 
 
$
10,460
 


GAAP gross margin
 
51
%
 
 
50
%
 
 
47
%
 
 
49
%
 
 
46
%


Inventory-based reimbursement
 
6
 
 
 
5
 
 
 
6
 
 
 
22
 
 
 
30
 


Amortization of acquisition-related intangibles
 
252
 
 
 
233
 
 
 
215
 
 
 
946
 
 
 
942
 


Acquisition-related and different prices (1)

 

 
 
 

 
 
 
1
 
 
 
1
 
 
 
4
 


Stock loss at contract producer (2)

 

 
 
 

 
 
 

 
 
 
65
 
 
 

 


Non-GAAP gross benefit
$
4,140
 
 
$
3,657
 
 
$
3,133
 
 
$
13,759
 
 
$
11,436
 


Non-GAAP gross margin
 
54
%
 
 
54
%
 
 
51
%
 
 
53
%
 
 
50
%


 
 
 
 
 
 
 
 
 
 


GAAP running bills
$
3,022
 
 
$
2,709
 
 
$
2,575
 
 
$
10,873
 
 
$
10,093
 


GAAP running bills/earnings %
 
39
%
 
 
40
%
 
 
42
%
 
 
42
%
 
 
45
%


Inventory-based reimbursement
 
333
 
 
 
346
 
 
 
368
 
 
 
1,385
 
 
 
1,350
 


Amortization of acquisition-related intangibles
 
332
 
 
 
352
 
 
 
420
 
 
 
1,448
 
 
 
1,869
 


Acquisition-related and different prices (1)

 
46
 
 
 
55
 
 
 
60
 
 
 
185
 
 
 
258
 


Restructuring fees (3)

 
186
 
 
 

 
 
 

 
 
 
186
 
 
 

 


Non-GAAP running bills
$
2,125
 
 
$
1,956
 
 
$
1,727
 
 
$
7,669
 
 
$
6,616
 


Non-GAAP running bills/earnings %
 
28
%
 
 
29
%
 
 
28
%
 
 
30
%
 
 
29
%


 
 
 
 
 
 
 
 
 
 


GAAP running source of revenue
$
871
 
 
$
724
 
 
$
342
 
 
$
1,900
 
 
$
401
 


GAAP running margin
 
11
%
 
 
11
%
 
 
6
%
 
 
7
%
 
 
2
%


Inventory-based reimbursement
 
339
 
 
 
351
 
 
 
374
 
 
 
1,407
 
 
 
1,380
 


Amortization of acquisition-related intangibles
 
584
 
 
 
585
 
 
 
635
 
 
 
2,394
 
 
 
2,811
 


Acquisition-related and different prices (1)

 
46
 
 
 
55
 
 
 
61
 
 
 
186
 
 
 
262
 


Stock loss at contract producer (2)

 

 
 
 

 
 
 

 
 
 
65
 
 
 

 


Restructuring fees (3)

 
186
 
 
 

 
 
 

 
 
 
186
 
 
 

 


Non-GAAP running source of revenue
$
2,026
 
 
$
1,715
 
 
$
1,412
 
 
$
6,138
 
 
$
4,854
 


Non-GAAP running margin
 
26
%
 
 
25
%
 
 
23
%
 
 
24
%
 
 
21
%







 

3 Months Ended

 
Yr Ended


 

December 28,
2024

 
September 28,
2024
 

December 30,
2023

 

December 28,
2024

 

December 30,
2023



GAAP internet source of revenue / profits in step with proportion
$
482
 
 
$
0.29
 
 
$
771
 
 
$
0.47
 
 
$
667
 
 
$
0.41
 
 
$
1,641
 
 
$
1.00
 
 
$
854
 
 
$
0.53
 


(Features) losses on fairness investments, internet
 

 
 
 

 
 
 
(1
)
 
 

 
 
 
1
 
 
 

 
 
 
2
 
 
 

 
 
 
(1
)
 
 

 


Inventory-based reimbursement
 
339
 
 
 
0.21
 
 
 
351
 
 
 
0.21
 
 
 
374
 
 
 
0.23
 
 
 
1,407
 
 
 
0.86
 
 
 
1,380
 
 
 
0.85
 


Fairness source of revenue in investee
 
(12
)
 
 
(0.01
)
 
 
(7
)
 
 

 
 
 
(6
)
 
 

 
 
 
(33
)
 
 
(0.02
)
 
 
(16
)
 
 
(0.01
)


Amortization of acquisition-related intangibles
 
584
 
 
 
0.36
 
 
 
585
 
 
 
0.36
 
 
 
635
 
 
 
0.39
 
 
 
2,394
 
 
 
1.46
 
 
 
2,811
 
 
 
1.73
 


Acquisition-related and different prices (1)

 
46
 
 
 
0.03
 
 
 
56
 
 
 
0.03
 
 
 
61
 
 
 
0.04
 
 
 
187
 
 
 
0.11
 
 
 
262
 
 
 
0.16
 


Stock loss at contract producer (2)

 

 
 
 

 
 
 

 
 
 

 
 
 

 
 
 

 
 
 
65
 
 
 
0.04
 
 
 

 
 
 

 


Restructuring fees (3)

 
186
 
 
 
0.11
 
 
 

 
 
 

 
 
 

 
 
 

 
 
 
186
 
 
 
0.11
 
 
 

 
 
 

 


Source of revenue tax provision
 
152
 
 
 
0.10
 
 
 
(251
)
 
 
(0.15
)
 
 
(483
)
 
 
(0.30
)
 
 
(429
)
 
 
(0.25
)
 
 
(988
)
 
 
(0.61
)


Non-GAAP internet source of revenue / profits in step with proportion
$
1,777
 
 
$
1.09
 
 
$
1,504
 
 
$
0.92
 
 
$
1,249
 
 
$
0.77
 
 
$
5,420
 
 
$
3.31
 
 
$
4,302
 
 
$
2.65
 



 



(1
)
 
Acquisition-related and different prices essentially come with transaction prices, acquire worth honest worth changes for stock, positive reimbursement fees, contract termination prices and body of workers rebalancing fees.


(2
)
 
Stock loss at contract producer is expounded to an incident at a third-party contract production facility.


(3
)
 
Restructuring fees are associated with the 2024 Restructuring Plan which made from worker severance fees and non-cash asset impairments.


 
 
 
 



About AMD
For greater than 50 years AMD has pushed innovation in high-performance computing, graphics and visualization applied sciences. AMD workers are excited by development management high-performance and adaptive merchandise that push the bounds of what’s imaginable. Billions of other folks, main Fortune 500 companies and state-of-the-art clinical analysis establishments around the globe depend on AMD generation day by day to support how they reside, paintings and play. For more info about how AMD is enabling these days and galvanizing day after today, consult with the AMD (NASDAQ: AMD) website online, weblog, LinkedIn and X pages.
Cautionary Remark
This press unencumber comprises forward-looking statements relating to Complicated Micro Units, Inc. (AMD) corresponding to, the alternatives for persisted enlargement according to AMD’s product portfolio and rising call for for high-performance and adaptive computing; AMD’s talent to place itself for long-term enlargement and price advent; the options, capability, functionality, availability, timing and anticipated advantages of long run AMD merchandise; and AMD’s anticipated first quarter 2025 monetary outlook, together with earnings and non-GAAP gross margin, which might be made pursuant to the Secure Harbor provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are repeatedly known via phrases corresponding to “would,” “might,” “expects,” “believes,” “plans,” “intends,” “initiatives” and different phrases with identical which means. Buyers are cautioned that the forward-looking statements on this press unencumber are according to latest ideals, assumptions and expectancies, talk best as of the date of this press unencumber and contain dangers and uncertainties that would reason precise effects to fluctuate materially from latest expectancies. Such statements are matter to positive recognized and unknown dangers and uncertainties, lots of which might be tricky to expect and normally past AMD’s regulate, that would reason precise effects and different long run occasions to fluctuate materially from the ones expressed in, or implied or projected via, the forward-looking knowledge and statements. Subject matter elements that would reason precise effects to fluctuate materially from latest expectancies come with, with out limitation, the next: Intel Company’s dominance of the microprocessor marketplace and its competitive industry practices; Nvidia’s dominance within the graphics processing unit marketplace and its competitive industry practices; aggressive markets during which AMD’s merchandise are bought; the cyclical nature of the semiconductor {industry}; marketplace prerequisites of the industries during which AMD merchandise are bought; AMD’s talent to introduce merchandise on a well timed foundation with anticipated options and function ranges; lack of a vital buyer; financial and marketplace uncertainty; quarterly and seasonal gross sales patterns; AMD’s talent to adequately give protection to its generation or different highbrow assets; destructive forex change charge fluctuations; talent of 0.33 occasion producers to fabricate AMD’s merchandise on a well timed foundation in enough amounts and the use of aggressive applied sciences; availability of crucial apparatus, fabrics, substrates or production processes; talent to reach anticipated production yields for AMD’s merchandise; AMD’s talent to generate earnings from its semi-custom SoC merchandise; possible safety vulnerabilities; possible safety incidents together with IT outages, information loss, information breaches and cyberattacks; uncertainties involving the ordering and cargo of AMD’s merchandise; AMD’s reliance on third-party highbrow assets to design and introduce new merchandise; AMD’s reliance on third-party firms for design, manufacture and provide of motherboards, tool, reminiscence and different laptop platform elements; AMD’s reliance on Microsoft and different tool distributors’ make stronger to design and expand tool to run on AMD’s merchandise; AMD’s reliance on third-party vendors and add-in-board companions; have an effect on of amendment or interruption of AMD’s inside industry processes and knowledge programs; compatibility of AMD’s merchandise with some or all industry-standard tool and {hardware}; prices associated with faulty merchandise; potency of AMD’s delivery chain; AMD’s talent to depend on 0.33 occasion supply-chain logistics purposes; AMD’s talent to successfully regulate gross sales of its merchandise at the grey marketplace; long-term have an effect on of local weather exchange on AMD’s industry; have an effect on of presidency movements and laws corresponding to export laws, price lists and business coverage measures; AMD’s talent to understand its deferred tax property; possible tax liabilities; latest and long run claims and litigation; have an effect on of environmental regulations, struggle minerals linked provisions and different regulations or laws; evolving expectancies from governments, buyers, consumers and different stakeholders relating to company duty issues; problems associated with the accountable use of AI; restrictions imposed via agreements governing AMD’s notes, the promises of Xilinx’s notes and the revolving credit score settlement; have an effect on of acquisitions, joint ventures and/or strategic investments on AMD’s industry and AMD’s talent to combine received companies; our talent to finish the purchase of ZT Techniques;  have an effect on of any impairment of the blended corporate’s property; political, criminal and financial dangers and herbal failures; long run impairments of generation license purchases; AMD’s talent to draw and retain certified body of workers; and AMD’s inventory worth volatility. Buyers are recommended to study intimately the hazards and uncertainties in AMD’s Securities and Change Fee filings, together with however no longer restricted to AMD’s most up-to-date reviews on Bureaucracy 10-Okay and 10-Q.



(*)
On this profits press unencumber, along with GAAP monetary effects, AMD has equipped non-GAAP monetary measures together with non-GAAP gross benefit, non-GAAP gross margin, non-GAAP running bills, non-GAAP running bills/earnings%, non-GAAP running source of revenue, non-GAAP running margin, non-GAAP internet source of revenue and non-GAAP diluted profits in step with proportion. AMD makes use of a normalized tax charge in its computation of the non-GAAP source of revenue tax provision to supply higher consistency around the reporting classes. For fiscal 2024, AMD used a non-GAAP tax charge of 13%, which excludes the tax have an effect on of pre-tax non-GAAP changes. AMD additionally equipped adjusted EBITDA, loose coins waft and loose coins waft margin as supplemental non-GAAP measures of its functionality. These things are outlined within the footnotes to the chosen company information tables equipped on the finish of this profits press unencumber. AMD is offering those monetary measures as it believes this non-GAAP presentation makes it more straightforward for buyers to check its running effects for latest and historic classes and likewise as a result of AMD believes it assists buyers in evaluating AMD’s functionality throughout reporting classes on a constant foundation via except pieces that it does no longer imagine are indicative of its core running functionality and for the opposite causes described within the footnotes to the chosen information tables. The non-GAAP monetary measures disclosed on this profits press unencumber will have to be seen along with and no longer as an alternative choice to or awesome to AMD’s reported effects ready in response to GAAP and will have to be learn best together with AMD’s Consolidated Monetary Statements ready in response to GAAP. Those non-GAAP monetary measures referenced are reconciled to their maximum at once related GAAP monetary measures within the information tables on this profits press unencumber. This profits press unencumber additionally comprises forward-looking non-GAAP gross margin relating to AMD’s monetary outlook, which is according to latest expectancies as of February 4, 2025, and assumptions and ideology that contain a lot of dangers and uncertainties. Changes to reach on the GAAP gross margin outlook normally come with stock-based reimbursement, amortization of received intangible property and acquisition-related and different prices. The timing and have an effect on of such changes are depending on long run occasions which can be normally unsure or out of doors of AMD’s regulate, due to this fact, a reconciliation to similar GAAP measures isn’t practicable right now. AMD undertakes no intent or legal responsibility to publicly replace or revise its outlook statements because of new knowledge, long run occasions or in a different way, apart from as could also be required via regulation.© 2025 Complicated Micro Units, Inc. All rights reserved. AMD, the AMD Arrow emblem, three-D V-Cache, Alveo, AMD Intuition, EPYC, FidelityFX, Kria, Radeon, Ryzen, Threadripper, Ultrascale+, Versal, Zynq, and mixtures thereof, are emblems of Complicated Micro Units, Inc.




ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Hundreds of thousands apart from in step with proportion quantities and percentages) (Unaudited)



 
3 Months Ended
 
Yr Ended


 
December 28,
2024
 
September 28,
2024
 
December 30,
2023
 
December 28,
2024
 
December 30,
2023


Internet earnings
$
7,658
 
 
$
6,819
 
 
$
6,168
 
 
$
25,785
 
 
$
22,680
 


Price of gross sales
 
3,524
 
 
 
3,167
 
 
 
3,042
 
 
 
12,114
 
 
 
11,278
 


Amortization of acquisition-related intangibles
 
252
 
 
 
233
 
 
 
215
 
 
 
946
 
 
 
942
 


General price of gross sales
 
3,776
 
 
 
3,400
 
 
 
3,257
 
 
 
13,060
 
 
 
12,220
 


Gross benefit
 
3,882
 
 
 
3,419
 
 
 
2,911
 
 
 
12,725
 
 
 
10,460
 


Gross margin
 
51
%
 
 
50
%
 
 
47
%
 
 
49
%
 
 
46
%


Analysis and construction
 
1,712
 
 
 
1,636
 
 
 
1,511
 
 
 
6,456
 
 
 
5,872
 


Advertising, basic and administrative
 
792
 
 
 
721
 
 
 
644
 
 
 
2,783
 
 
 
2,352
 


Amortization of acquisition-related intangibles
 
332
 
 
 
352
 
 
 
420
 
 
 
1,448
 
 
 
1,869
 


Licensing achieve
 
(11
)
 
 
(14
)
 
 
(6
)
 
 
(48
)
 
 
(34
)


Restructuring fees
 
186
 
 
 

 
 
 

 
 
 
186
 
 
 

 


Running source of revenue
 
871
 
 
 
724
 
 
 
342
 
 
 
1,900
 
 
 
401
 


Passion expense
 
(19
)
 
 
(23
)
 
 
(27
)
 
 
(92
)
 
 
(106
)


Different source of revenue (expense), internet
 
37
 
 
 
36
 
 
 
49
 
 
 
181
 
 
 
197
 


Source of revenue ahead of source of revenue taxes and fairness source of revenue
 
889
 
 
 
737
 
 
 
364
 
 
 
1,989
 
 
 
492
 


Source of revenue tax provision (receive advantages)
 
419
 
 
 
(27
)
 
 
(297
)
 
 
381
 
 
 
(346
)


Fairness source of revenue in investee
 
12
 
 
 
7
 
 
 
6
 
 
 
33
 
 
 
16
 


Internet source of revenue
$
482
 
 
$
771
 
 
$
667
 
 
$
1,641
 
 
$
854
 


Profits in step with proportion
 
 
 
 
 
 
 
 
 


Elementary
$
0.30
 
 
$
0.48
 
 
$
0.41
 
 
$
1.01
 
 
$
0.53
 


Diluted
$
0.29
 
 
$
0.47
 
 
$
0.41
 
 
$
1.00
 
 
$
0.53
 


Stocks utilized in in step with proportion calculation
 
 
 
 
 
 
 
 
 


Elementary
 
1,623
 
 
 
1,620
 
 
 
1,616
 
 
 
1,620
 
 
 
1,614
 


Diluted
 
1,634
 
 
 
1,636
 
 
 
1,628
 
 
 
1,637
 
 
 
1,625
 



 
ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Hundreds of thousands)



 
December 28,
2024
 
December 30,
2023


 
(Unaudited)
 
 


ASSETS
 
 
 


Present property:
 
 
 


Money and coins equivalents
$
3,787
 
 
$
3,933
 


Quick-term investments
 
1,345
 
 
 
1,840
 


Accounts receivable, internet
 
6,192
 
 
 
4,323
 


Inventories
 
5,734
 
 
 
4,351
 


Receivables from linked events
 
113
 
 
 
9
 


Pay as you go bills and different latest property
 
1,878
 
 
 
2,312
 


General latest property
 
19,049
 
 
 
16,768
 


Belongings and gear, internet
 
1,802
 
 
 
1,589
 


Running hire right-of-use property
 
623
 
 
 
633
 


Goodwill
 
24,839
 
 
 
24,262
 


Acquisition-related intangibles, internet
 
18,930
 
 
 
21,363
 


Funding: fairness means
 
149
 
 
 
99
 


Deferred tax property
 
688
 
 
 
366
 


Different non-current property
 
3,146
 
 
 
2,805
 


General Property
$
69,226
 
 
$
67,885
 


 
 
 
 


LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 


Present liabilities:
 
 
 


Accounts payable
$
1,990
 
 
$
2,055
 


Payables to linked events
 
476
 
 
 
363
 


Accumulated liabilities
 
4,260
 
 
 
3,082
 


Present portion of long-term debt, internet
 

 
 
 
751
 


Different latest liabilities
 
555
 
 
 
438
 


General latest liabilities
 
7,281
 
 
 
6,689
 


Lengthy-term debt, internet of latest portion
 
1,721
 
 
 
1,717
 


Lengthy-term running hire liabilities
 
491
 
 
 
535
 


Deferred tax liabilities
 
349
 
 
 
1,202
 


Different long-term liabilities
 
1,816
 
 
 
1,850
 


 
 
 
 


Stockholders’ fairness:
 
 
 


Capital inventory:
 
 
 


Not unusual inventory, par worth
 
17
 
 
 
17
 


Further paid-in capital
 
61,362
 
 
 
59,676
 


Treasury inventory, at price
 
(6,106
)
 
 
(4,514
)


Retained profits
 
2,364
 
 
 
723
 


Collected different complete loss
 
(69
)
 
 
(10
)


General stockholders’ fairness
 
57,568
 
 
 
55,892
 


General Liabilities and Stockholders’ Fairness
$
69,226
 
 
$
67,885
 



 
ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Hundreds of thousands) (Unaudited)



 
3 Months Ended
 
Yr Ended


 
December 28,
2024
 
December 30,
2023
 
December 28,
2024
 
December 30,
2023


Money flows from running actions:
 
 
 
 
 
 
 


Internet source of revenue
$
482
 
 
$
667
 
 
$
1,641
 
 
$
854
 


Changes to reconcile internet source of revenue to internet coins equipped via running actions:
 
 
 
 
 
 
 


Depreciation and amortization
 
172
 
 
 
164
 
 
 
671
 
 
 
642
 


Amortization of acquisition-related intangibles
 
583
 
 
 
635
 
 
 
2,393
 
 
 
2,811
 


Inventory-based reimbursement
 
339
 
 
 
374
 
 
 
1,407
 
 
 
1,384
 


Amortization of running hire right-of-use property
 
31
 
 
 
25
 
 
 
113
 
 
 
98
 


Deferred source of revenue taxes
 
(300
)
 
 
(219
)
 
 
(1,163
)
 
 
(1,019
)


Stock loss at contract producer
 

 
 
 

 
 
 
65
 
 
 

 


Different
 
62
 
 
 
(23
)
 
 
12
 
 
 
(54
)


Adjustments in running property and liabilities
 
 
 
 
 
 
 


Accounts receivable, internet
 
96
 
 
 
(379
)
 
 
(1,865
)
 
 
(1,339
)


Inventories
 
(362
)
 
 
94
 
 
 
(1,458
)
 
 
(580
)


Pay as you go bills and different property
 
494
 
 
 
(34
)
 
 
343
 
 
 
(383
)


Receivables from and payables to linked events, internet
 
30
 
 
 
29
 
 
 
108
 
 
 
(107
)


Accounts payable
 
(585
)
 
 
(181
)
 
 
(109
)
 
 
(419
)


Accumulated and different liabilities
 
257
 
 
 
(771
)
 
 
883
 
 
 
(221
)


Internet coins equipped via running actions
 
1,299
 
 
 
381
 
 
 
3,041
 
 
 
1,667
 


Money flows from making an investment actions:
 
 
 
 
 
 
 


Purchases of assets and gear
 
(208
)
 
 
(139
)
 
 
(636
)
 
 
(546
)


Purchases of non permanent investments
 
(786
)
 
 
(410
)
 
 
(1,493
)
 
 
(3,722
)


Proceeds from adulthood of non permanent investments
 
65
 
 
 
770
 
 
 
1,416
 
 
 
2,687
 


Proceeds from sale of non permanent investments
 
25
 
 
 
52
 
 
 
616
 
 
 
300
 


Acquisitions, internet of money received
 

 
 
 
(117
)
 
 
(548
)
 
 
(131
)


Similar occasion fairness means funding
 

 
 
 

 
 
 
(17
)
 
 

 


Issuance of mortgage to linked occasion
 
(100
)
 
 

 
 
 
(100
)
 
 

 


Acquire of strategic investments
 
(210
)
 
 
(6
)
 
 
(341
)
 
 
(11
)


Different
 

 
 
 

 
 
 
2
 
 
 

 


Internet coins equipped via (utilized in) making an investment actions
 
(1,214
)
 
 
150
 
 
 
(1,101
)
 
 
(1,423
)


Money flows from financing actions:
 
 
 
 
 
 
 


Compensation of debt
 

 
 
 

 
 
 
(750
)
 
 

 


Proceeds from gross sales of commonplace inventory thru worker fairness plans
 
127
 
 
 
120
 
 
 
279
 
 
 
268
 


Repurchases of commonplace inventory
 
(256
)
 
 
(233
)
 
 
(862
)
 
 
(985
)


Not unusual inventory repurchases for tax withholding on worker fairness plans
 
(42
)
 
 
(45
)
 
 
(728
)
 
 
(427
)


Different
 

 
 
 
(1
)
 
 
(1
)
 
 
(2
)


Internet coins utilized in financing actions
 
(171
)
 
 
(159
)
 
 
(2,062
)
 
 
(1,146
)


Internet build up (lower) in coins, coins equivalents and limited coins
 
(86
)
 
 
372
 
 
 
(122
)
 
 
(902
)


Money, coins equivalents and limited coins at starting of length
 
3,897
 
 
 
3,561
 
 
 
3,933
 
 
 
4,835
 


Money, coins equivalents and limited coins at finish of length
$
3,811
 
 
$
3,933
 
 
$
3,811
 
 
$
3,933
 



 
ADVANCED MICRO DEVICES, INC.
SELECTED CORPORATE DATA
(Hundreds of thousands) (Unaudited)



 
3 Months Ended
 
Yr Ended


 
December 28,
2024
 
September 28,
2024
 
December 30,
2023
 
December 28,
2024
 
December 30,
2023

Section and Class Knowledge(1)

 
 
 
 
 
 
 
 
 


Knowledge Heart
 
 
 
 
 
 
 
 
 


Internet earnings
$
3,859
 
 
$
3,549
 
 
$
2,282
 
 
$
12,579
 
 
$
6,496
 


Running source of revenue
$
1,157
 
 
$
1,041
 
 
$
666
 
 
$
3,482
 
 
$
1,267
 


Consumer
 
 
 
 
 
 
 
 
 


Internet earnings
$
2,313
 
 
$
1,881
 
 
$
1,461
 
 
$
7,054
 
 
$
4,651
 


Running source of revenue (loss)
$
446
 
 
$
276
 
 
$
55
 
 
$
897
 
 
$
(46
)


Gaming
 
 
 
 
 
 
 
 
 


Internet earnings
$
563
 
 
$
462
 
 
$
1,368
 
 
$
2,595
 
 
$
6,212
 


Running source of revenue
$
50
 
 
$
12
 
 
$
224
 
 
$
290
 
 
$
971
 


Embedded
 
 
 
 
 
 
 
 
 


Internet earnings
$
923
 
 
$
927
 
 
$
1,057
 
 
$
3,557
 
 
$
5,321
 


Running source of revenue
$
362
 
 
$
372
 
 
$
461
 
 
$
1,421
 
 
$
2,628
 


All Different
 
 
 
 
 
 
 
 
 


Internet earnings
$

 
 
$

 
 
$

 
 
$

 
 
$

 


Running loss
$
(1,144
)
 
$
(977
)
 
$
(1,064
)
 
$
(4,190
)
 
$
(4,419
)


General
 
 
 
 
 
 
 
 
 


Internet earnings
$
7,658
 
 
$
6,819
 
 
$
6,168
 
 
$
25,785
 
 
$
22,680
 


Running source of revenue
$
871
 
 
$
724
 
 
$
342
 
 
$
1,900
 
 
$
401
 


 
 
 
 
 
 
 
 
 
 


Different Knowledge
 
 
 
 
 
 
 
 
 


Capital expenditures
$
208
 
 
$
132
 
 
$
139
 
 
$
636
 
 
$
546
 


Adjusted EBITDA (2)

$
2,212
 
 
$
1,887
 
 
$
1,576
 
 
$
6,824
 
 
$
5,496
 


Money, coins equivalents and non permanent investments
$
5,132
 
 
$
4,544
 
 
$
5,773
 
 
$
5,132
 
 
$
5,773
 


Unfastened coins waft (3)

$
1,091
 
 
$
496
 
 
$
242
 
 
$
2,405
 
 
$
1,121
 


General property
$
69,226
 
 
$
69,636
 
 
$
67,885
 
 
$
69,226
 
 
$
67,885
 


General debt
$
1,721
 
 
$
1,720
 
 
$
2,468
 
 
$
1,721
 
 
$
2,468
 







(1
)
 
The Knowledge Heart section essentially contains Synthetic Intelligence (AI) accelerators, server microprocessors (CPUs), graphics processing devices (GPUs), sped up processing devices (APUs), information processing devices (DPUs), Box Programmable Gate Arrays (FPGAs), Good Community Interface Playing cards (SmartNICs) and Adaptive Machine-on-Chip (SoC) merchandise for information facilities.


 
 
The Consumer section essentially contains CPUs, APUs, and chipsets for desktops and notebooks.


 
 
The Gaming section essentially contains discrete GPUs, and semi-custom SoC merchandise and construction products and services.


 
 
The Embedded section essentially contains embedded CPUs, GPUs, APUs, FPGAs, Machine on Modules (SOMs), and Adaptive SoC merchandise.


 
 
Once in a while, the Corporate might also promote or license parts of its IP portfolio.


 
 
All Different class essentially contains positive bills and credit that aren’t allotted to any of the running segments, corresponding to amortization of acquisition-related intangible asset, worker stock-based reimbursement expense, acquisition-related and different prices, stock loss at contract producer, restructuring fees and licensing achieve.


 
 
 


(2
)
 
Reconciliation of GAAP Internet Source of revenue to Adjusted EBITDA







 
3 Months Ended
 
Yr Ended


(Hundreds of thousands) (Unaudited)
December 28,
2024
 
September 28,
2024
 
December 30,
2023
 
December 28,
2024
 
December 30,
2023


GAAP internet source of revenue
$
482
 
 
$
771
 
 
$
667
 
 
$
1,641
 
 
$
854
 


Passion expense
 
19
 
 
 
23
 
 
 
27
 
 
 
92
 
 
 
106
 


Different (source of revenue) expense, internet
 
(37
)
 
 
(36
)
 
 
(49
)
 
 
(181
)
 
 
(197
)


Source of revenue tax provision (receive advantages)
 
419
 
 
 
(27
)
 
 
(297
)
 
 
381
 
 
 
(346
)


Fairness source of revenue in investee
 
(12
)
 
 
(7
)
 
 
(6
)
 
 
(33
)
 
 
(16
)


Inventory-based reimbursement
 
339
 
 
 
351
 
 
 
374
 
 
 
1,407
 
 
 
1,380
 


Depreciation and amortization
 
186
 
 
 
171
 
 
 
164
 
 
 
685
 
 
 
642
 


Amortization of acquisition-related intangibles
 
584
 
 
 
585
 
 
 
635
 
 
 
2,394
 
 
 
2,811
 


Stock loss at contract producer
 

 
 
 

 
 
 

 
 
 
65
 
 
 

 


Acquisition-related and different prices
 
46
 
 
 
56
 
 
 
61
 
 
 
187
 
 
 
262
 


Restructuring fees
 
186
 
 
 

 
 
 

 
 
 
186
 
 
 

 


Adjusted EBITDA
$
2,212
 
 
$
1,887
 
 
$
1,576
 
 
$
6,824
 
 
$
5,496
 







The Corporate items “Adjusted EBITDA” as a supplemental measure of its functionality. Adjusted EBITDA for the Corporate is made up our minds via adjusting GAAP internet source of revenue for hobby expense, different (source of revenue) expense, internet, source of revenue tax provision (receive advantages), fairness source of revenue in investee, stock-based reimbursement, depreciation and amortization expense, amortization of acquisition-related intangibles, stock loss at contract producer, acquisition-related and different prices, and restructuring fees. The Corporate calculates and items Adjusted EBITDA as a result of control believes it’s of significance to buyers and lenders relating to its general capital construction and its talent to borrow further finances. As well as, the Corporate items Adjusted EBITDA as it believes this measure assists buyers in evaluating its functionality throughout reporting classes on a constant foundation via except pieces that the Corporate does no longer imagine are indicative of its core running functionality. The Corporate’s calculation of Adjusted EBITDA might or will not be in step with the calculation of this measure via different firms in the similar {industry}. Buyers will have to no longer view Adjusted EBITDA as an alternative choice to the GAAP running measure of source of revenue or GAAP liquidity measures of money flows from running, making an investment and financing actions. As well as, Adjusted EBITDA does no longer consider adjustments in positive property and liabilities that may have an effect on coins flows.







(3
)
 
Reconciliation of GAAP Internet Money Supplied via Running Actions to Unfastened Money Glide







 
3 Months Ended
 
Yr Ended


(Hundreds of thousands apart from percentages) (Unaudited)
December 28,
2024
 
September 28,
2024
 
December 30,
2023
 
December 28,
2024
 
December 30,
2023


GAAP internet coins equipped via running actions
$
1,299
 
 
$
628
 
 
$
381
 
 
$
3,041
 
 
$
1,667
 


Running coins waft margin %
 
17
%
 
 
9
%
 
 
6
%
 
 
12
%
 
 
7
%


Purchases of assets and gear
 
(208
)
 
 
(132
)
 
 
(139
)
 
 
(636
)
 
 
(546
)


Unfastened coins waft
$
1,091
 
 
$
496
 
 
$
242
 
 
$
2,405
 
 
$
1,121
 


Unfastened coins waft margin %
 
14
%
 
 
7
%
 
 
4
%
 
 
9
%
 
 
5
%







The Corporate additionally items loose coins waft as a supplemental Non-GAAP measure of its functionality. Unfastened coins waft is made up our minds via adjusting GAAP internet coins equipped via running actions for capital expenditures, and loose coins waft margin % is loose coins waft expressed as a share of the Corporate’s internet earnings. The Corporate calculates and communicates loose coins waft within the monetary profits press unencumber as a result of control believes it’s of significance to buyers to know the character of those coins flows. The Corporate’s calculation of loose coins waft might or will not be in step with the calculation of this measure via different firms in the similar {industry}. Buyers will have to no longer view loose coins waft as an alternative choice to GAAP liquidity measures of money flows from running actions.


 



Media Touch:
Drew Prairie
AMD Communications
512-602-4425
drew.prairie@amd.com
Investor Touch:
Matt Ramsay
AMD Investor Members of the family
512-602-0113
matthew.ramsay@amd.com


AMD Stories Fourth Quarter and Complete Yr 2024 Monetary Effects
Supply: Complicated Micro Units, Inc.
Launched February 4, 2025

OpenAI
Author: OpenAI

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