AMD has introduced robust third-quarter outcomes for 2024, reporting $6.8 billion in income, a 50% gross margin, $724 million in working revenue, and a internet revenue of $771 million. The corporate’s development was primarily pushed by record-breaking efficiency in its knowledge middle phase, which generated $3.5 billion – a 122% improve year-over-year and a 25% sequential rise – fueled by excessive demand for AMD Intuition GPUs and AMD EPYC CPUs.
AMD Chair and CEO Dr. Lisa Su highlighted AMD’s knowledge middle merchandise’ strengths, declaring that there’s a robust marketplace for each EPYC CPUs and Intuition GPUs. Lia Su mentioned that rising gross sales of Ryzen PC processors had been one other issue contributing to the surge. “The unquenchable demand for extra compute is driving vital development alternatives throughout our knowledge middle, consumer, and embedded companies sooner or later,” she added.
Jean Hu, AMD’s CFO, highlighted the corporate’s constructive monetary trajectory, citing will increase in gross margin and earnings per share. With substantial positive aspects in each Knowledge Middle and Consumer segments, Hu said that AMD is on monitor to attain file income for the total yr of 2024
Wanting forward, AMD initiatives fourth-quarter gross sales of roughly $7.5 billion, plus or minus $300 million, marking a sequential 10% improve and a 22% year-over-year rise on the midpoint of this forecast. The corporate additionally expects its non-GAAP gross margin to succeed in round 54%.
AMD Intuition MI325X Accelerator
On the latest Advancing AI 2024 occasion, AMD showcased developments that will underscore its rising function in enterprise AI. Collaborating with main companions together with Dell, Google Cloud, HPE, Lenovo, Meta, Microsoft, and Oracle Cloud Infrastructure, AMD unveiled options tailor-made to scale AI functions.
Notably, the AMD Intuition MI325X accelerator, designed for intensive AI workloads, debuted with a give attention to delivering excessive efficiency and environment friendly power utilization. AMD additionally shared updates on its upcoming Intuition accelerators, slated for launch in 2025 and 2026, which promise enhanced capabilities for demanding AI functions.
As a part of its dedication to AI innovation, AMD’s ROCm open software program platform continues to develop the performance and optimization of AMD Intuition accelerators. Oracle Cloud Infrastructure’s newest Compute Supercluster, as an illustration, integrates AMD’s Instinct MI300X accelerators powered by ROCm software, designed to deal with essentially the most demanding AI workloads effectively.
AMD’s strategic developments in AI efficiency and scalability, together with its collaborations with main AI-focused enterprises similar to Databricks and Fireworks AI, would place the corporate on the forefront of the information middle and AI infrastructure market. The sustained demand throughout AMD’s data center products displays the broader trade’s drive towards scalable, high-performance computing options.
