AMD posts Q4 2024 revenue of $7.66 billion, data center revenues are up 69% from last year

AMD has reported $7.65 billion of revenue for Q4 2024, up 24% from last year, with net incoming hitting $482 million for the three-month period, which is down 28% from last year.

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AMD had data center revenues of $3.9 billion which is up 69% from last year, thanks to the mega-success of its EPYC processors and Instinct AI accelerators, driven by the insatiable demand of AI hardware. For the year, AMD's data center segment revenue hit a record $12.6 billion, up an even more impressive 94% compared to 2024, thanks once again to EPYC and Instinct product lines.

There are now over 450 EPYC-powered platforms in the wild from major server OEMs and ODMs, including over 120 EPYC "Turin" CPU platforms into production in Q4 2024 from the likes of Cisco, Dell, HPE, Lenovo, Supermicro, and others.

AMD Chair and CEO Dr. Lisa Su, said: "2024 was a transformative year for AMD as we delivered record annual revenue and strong earnings growth. Data Center segment annual revenue nearly doubled as EPYC processor adoption accelerated and we delivered more than $5 billion of AMD Instinct accelerator revenue. Looking into 2025, we see clear opportunities for continued growth based on the strength of our product portfolio and growing demand for high-performance and adaptive computing".

AMD EVP, CFO and Treasurer Jean Hu, added: "We closed 2024 with a strong fourth quarter, delivering record revenue up 24% year-over-year, and accelerated earnings expansion while investing aggressively in AI and innovation to position us for long-term growth and value creation".