Advanced Micro Devices Inc.
AMD
Market Cap$197.11B
Close$
Earnings Call Q3 2024
October 29, 2024 - AI Summary
**Strong Revenue Growth**: AMD reported Q3 2024 revenue of $6.8 billion, an 18% year-over-year increase. The Data Center segment led the growth, with revenue doubling to $3.5 billion, primarily driven by record Instinct and EPYC product sales, as well as strong demand for Ryzen PC processors.
**Forecasted Increase in Data Center GPU Revenue**: AMD raised its 2024 outlook for Data Center GPU revenue from $4.5 billion to over $5 billion, reflecting increased adoption of MI300X and expectations for future product rollouts. The company highlighted successful customer engagements, particularly with major cloud and enterprise clients, suggesting a strong growth trajectory in this segment.
**Mixed Performance Across Segments**: While Data Center and Client segments outperformed with 122% and 29% year-over-year growth, respectively, the Gaming segment saw a significant decline of 69% and Embedded revenue decreased by 25%. The decline in Gaming was attributed to reduced channel inventory by Microsoft and Sony, signaling potential risks in consumer demand.
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$62.98
48.8% downside
Current Fair Value
48.8% downsideOvervalued by 48.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $197.11 Billion |
|---|---|
| Enterprise Value | $194.93 Billion |
| Dividend Yield | $0 (0%) |
| Earnings per Share | $0.53 |
| Beta | 1.71 |
| Outstanding Shares | 1,620,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 107.76 |
|---|---|
| PEG | 68.26 |
| Price to Sales | 8.79 |
| Price to Book Ratio | 3.52 |
| Enterprise Value to Revenue | 8.02 |
| Enterprise Value to EBIT | 129.95 |
| Enterprise Value to Net Income | 106 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.03 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Advanced Micro Devices Inc.
11,400 employees
CEO: Lisa Su Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While it initially manufactu...