With the end of the first quarter of 2024, the world’s largest companies continue to publish financial reports for investors. Finally, semiconductor giant AMD was also included among these companies. So how much revenue did AMD generate? Here is the data…
How much revenue did AMD generate?
AMD came up with remarkable developments in the first three months of the year. So much so that the company introduced the Ryzen Pro 8040 and 8000 series . In addition, he also carried out some artificial intelligence studies. All these developments affected AMD revenue.
According to the report published for the first quarter of 2024, AMD revenue was announced as 5.5 billion dollars. This figure revealed a 2 percent increase compared to the same period last year. At this point analysts’ estimate was $5.46 billion.
The company’s net income was stated as 123 million dollars. While the gross profit margin was 47 percent, operating income reached up to 36 million dollars. AMD also explained which businesses the money it earned came from. According to this information, the company generated $2.3 billion in revenue from its data center.
It earned $922 million from the gaming world, $1.4 billion from integrated chips sold to other companies, and $846 million from embedded systems. While the company’s data center revenue increased by 80 percent, there is a decrease in games and other items. AMD aims to generate $5.7 billion in revenue in the second quarter of 2024.
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