05.02.2025., 09:53
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#10309
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McG
Datum registracije: Feb 2014
Lokacija: Varaždin
Postovi: 8,188
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Citiraj:
AMD reports fourth quarter and full year 2024 financial results
Citiraj:
AMD today announced financial results for the fourth quarter and full year of 2024. Fourth quarter revenue was a record $7.7 billion, gross margin was 51%, operating income was $871 million, net income was $482 million and diluted earnings per share was $0.29. On a non-GAAP basis, gross margin was 54%, operating income was a record $2.0 billion, net income was a record $1.8 billion and diluted earnings per share was $1.09. For the full year 2024, AMD reported record revenue of $25.8 billion, gross margin of 49%, operating income of $1.9 billion, net income of $1.6 billion, and diluted earnings per share of $1.00. On a non-GAAP basis, gross margin was a record 53%, operating income was $6.1 billion, net income was $5.4 billion and diluted earnings per share was $3.31. During a recent Q4 2024 earnings call, AMD CEO Dr. Lisa Su confirmed that the launch will happen in early March. She specifically stated that these cards will go on sale, which presumably means a full product launch rather than preorders. She also mentioned that the company will target the “volume portion of the enthusiast market.”
No one could have predicted how fast Nvidia would have expanded in the wake of GenAI, and no one would have predicted how far – and how fast – Intel has fallen. But what is truly a thing to behold – and what is far more important than being right, after all – is how far AMD has come in a decade and to ponder what AMD might do in the next decade as computing inevitably evolves in the datacenter and in our handheld devices. It is with that broad expanse in mind that we contemplate the financial results that AMD just turned in for 2024. The company is humming along on all fronts, but its numbers also show that it is still incredibly expensive to create the high end PC and server devices that the company proudly crafts and peddles, and therefore it is always a challenge to rake in the profits when it believes in open source software and cannot make a moat like other companies in the history of IT have been able to do – like IBM and Nvidia, to name two who are still doing it largely because of the proprietary and closed source nature of their software stacks.
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