AMD Reports Revenue Increase Despite Decline in Embedded Segment

The semiconductor giant AMD (Advanced Micro Devices) has reported a 25% decline in the embedded segment compared to the previous year, as customers normalized their inventories. On a positive note, the sequential development showed an 8% increase in revenue, as demand improved across several end markets. AMD is optimistic about the fourth quarter of 2024. The company expects revenue of approximately $7.5 billion, with a margin of $300 million. This corresponds to an annual growth of about 22% and a sequential growth of approximately 10%. The expected non-GAAP gross margin is 54%. To provide further details on the current financial results for the third quarter of 2024, AMD is hosting a conference call today at 2:00 PM PT (5:00 PM ET). This call will be accessible via a real-time audio stream on the Investor Relations page of the AMD website. In summary, despite existing challenges, AMD is counting on solid growth in the coming year, supported by the planned acquisition of ZT Systems and the ongoing demand for computing power.