AMD's Financial Triumph in Q4 2024

Advanced Micro Devices Inc. (AMD) announced a significant financial achievement for the fourth quarter of fiscal 2024, with revenues reaching $7.7 billion. This marks a 24% increase compared to the same period in the previous year.

Net Income and Earnings Per Share

Despite the revenue growth, AMD's net income experienced a 28% decrease year-over-year, totaling $482 million. The diluted earnings per share (EPS) also saw a decline of 29%, settling at $0.29.

Full Fiscal Year 2024 Overview

For the entire fiscal year 2024, AMD reported a 14% increase in revenue, amounting to $25.8 billion. The net income saw an impressive 92% rise to $1.6 billion, with diluted EPS jumping 89% to $1.00.

CEO Lisa Su's Vision for 2025

"2024 was a transformative year for AMD as we delivered record annual revenue and strong earnings growth," stated CEO Lisa Su. She expressed optimism for 2025, highlighting opportunities for continued growth driven by AMD's product portfolio and the increasing demand for high-performance and adaptive computing.

Stock Performance

Following the announcement, AMD's stock price decreased by 3.51% in after-hours trading, with shares priced at $115.30 each.