AMD, a leading chipmaker, has reported better-than-expected financial results for the fourth quarter, with an earnings per share (EPS) of $0.77, matching analyst estimates. The company’s revenue stood at $6.2 billion, surpassing the consensus estimate of $6.13 billion. As a result, the stock surged by 1.5% in after-hours trade.
Looking ahead, AMD has projected its revenue to be in the range of $5.1 billion to $5.7 billion, outperforming the consensus estimate of $5.28 billion. The company attributed its strong performance to record quarterly sales of AMD Instinct GPU, EPYC CPU, and Ryzen processor.
Dr. Lisa Su, AMD’s Chair and CEO, expressed confidence in the company’s future prospects, stating, ‘Demand for our high-performance data center product portfolio continues to accelerate, positioning us well to deliver strong annual growth in what is an incredibly exciting time as AI re-shapes virtually every part of the computing market.’
The Data Center segment revenue witnessed a significant increase, reaching $2.3 billion, up 38% year-over-year and 43% sequentially, driven by robust growth in AMD Instinct GPUs and 4th Gen AMD EPYC CPUs.
