AMD to earn $7.7 billion in revenue in 2024
10.02.25
AMD reported record revenue of $7.7 billion in the latest quarter, up 24% from the same period in 2023. However, net income fell to $482 million from $667 million a year earlier.
For the full year of 2024, AMD earned $25.8 billion, up 14% on revenue, and profit rose 92% to $1.6 billion. The data center segment remains the main driver of growth, bringing in nearly $3.9 billion, up 69% from a year earlier. The PC processor division grew 58% to $2.3 billion in revenue. Embedded solutions brought in $923 million, down 13% from the previous quarter.
AMD’s gaming business, on the other hand, continues to see revenue decline. Sales in this segment fell 59% to $563 million, driven by falling demand for Sony and Microsoft consoles and its competitor’s dominance in gaming graphics cards.
The company is forecasting revenue of about $7.1 billion for the next quarter, down from its current level, but it continues to strengthen its core businesses.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes
Oppo A6 Pro smartphone review: ambitious
0 
Creating new mid-range smartphones is no easy task. Manufacturers have to balance performance, camera capabilities, displays, and the overall cost impact of each component. How the new Oppo A6 Pro balances these factors is discussed in our review.
Oppo Reno16 Pro 5G smartphone review: well-heeled
0 
Oppo Reno16 Pro 5G looks like a balanced smartphone, in which the manufacturer tried not to make a single characteristic the defining one. It has many advantages. Let’s tell you what
Tamagotchi Ring: Bandai’s Smallest Virtual Pet Ever
Bandai has announced the Tamagotchi Ring, a tiny 28mm virtual pet created to celebrate the franchise’s 30th anniversary. The device features a color screen, a built-in battery with a charging case, and a library of 30 classic characters.
Bigme HiBreak Dual 3 Debuts with E Ink Display and Detachable LCD Module
Bigme has announced the third generation of its innovative dual-screen smartphone. The model features a modernized design, a powerful MediaTek Dimensity 8300 processor, and a unique detachable LCD display using magnetic mounts.