AMD: EPS up 31% in Q3

(CercleFinance.com) - AMD (Advanced Micro Devices) on Tuesday evening reported Q3 2024 adjusted EPS (non-GAAP) up 31% to 92 cents, with an adjusted gross margin up three points to 54%, on revenues that rose 18% to $6.
82bn. NB: pmt -8.6%.

We delivered strong results with record sales driven by increased sales of EPYC and Instinct data center products, as well as strong demand for our Ryzen PC processors, said Lisa Su, AMD president and CEO.

For Q4 2024, the semiconductor manufacturer expects sales of around $7.5bn (+22% y-o-y), give or take $300m, and expects a non-GAAP gross margin of around 54%.


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