AMD Sees Q4 2024 Revenue ~$7.5B +/-$300M
Portfolio Pulse from Benzinga Newsdesk
AMD projects its Q4 2024 revenue to be around $7.5 billion, with a potential variance of $300 million. This forecast indicates a 22% year-over-year growth and a 10% sequential increase. The non-GAAP gross margin is expected to be approximately 54%.
October 29, 2024 | 8:18 pm
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AMD projects Q4 2024 revenue of ~$7.5B, indicating strong growth with a 22% YoY increase and a 10% sequential rise. Non-GAAP gross margin is expected to be 54%.
The projected revenue growth of 22% year-over-year and 10% sequentially suggests strong performance and potential positive investor sentiment. The expected non-GAAP gross margin of 54% also indicates healthy profitability.
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