Advanced Micro Devices Reports Strong Q1 2024 Financial Results
Wednesday, 1 May 2024, 00:30
Q1 2024 Financial Results Overview
- AMD reported revenue of $5.5 billion in Q1 2024, showing growth in data center and client segments.
- Data center segment saw strong performance with the ramp of Instinct MI300 GPUs.
- Server CPU sales grew due to enterprise adoption and cloud deployments.
Future Growth Outlook
- AMD is optimistic about its next-gen Turin EPYC processors and aims for accelerated data center growth.
- Customer engagements and product ramps are progressing well, indicating a positive momentum for the rest of 2024.
Impact: 7
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