Wed Feb 05 02:00:00 UTC 2025: ## AMD Reports Record Revenue and Earnings in 2024, Projects Strong Growth in 2025
**SANTA CLARA, Calif., Feb. 5, 2025** – Advanced Micro Devices (AMD) today announced record financial results for the fourth quarter and full year 2024, exceeding expectations and signaling continued strong growth. The company reported record fourth-quarter revenue of $7.7 billion, a 24% year-over-year increase. While GAAP diluted earnings per share (EPS) were $0.29, non-GAAP EPS reached $1.09, reflecting a strong performance.
For the full year, AMD achieved record revenue of $25.8 billion, with non-GAAP diluted EPS of $3.31. This success was driven primarily by a nearly doubled Data Center segment revenue, fueled by the increased adoption of EPYC processors and over $5 billion in AMD Instinct accelerator revenue.
CEO Dr. Lisa Su attributed the company’s success to its strong product portfolio and the growing demand for high-performance and adaptive computing. She expressed confidence in continued growth opportunities in 2025.
CFO Jean Hu highlighted the strong fourth-quarter results and the company’s aggressive investment in AI and innovation for long-term growth.
Looking ahead, AMD projects first-quarter 2025 revenue of approximately $7.1 billion, representing a year-over-year growth of approximately 30% and a sequential decline of approximately 7%. Non-GAAP gross margin is expected to remain strong at approximately 54%. The company will host a conference call later today to discuss the results in detail. The call will be webcast on the AMD Investor Relations website. The company’s outlook is based on current expectations and is subject to market conditions and other factors.
First Piper 