AMD Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-30), AMD reported revenue of $5.5B, gross profit of $2.6B (46.8% gross margin), operating income of $36M, and net income of $123M (2.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMD was profitable; revenue fell 11.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −11.3% | −81.6% | −8.6 pp |
Consensus estimate data is not available for this report.
AMD Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.5B | 100% |
| Cost of Revenue | −$2.9B | 53.2% |
| Gross Profit | $2.6B | 46.8% |
| Research & Development | −$1.5B | 27.9% |
| Selling, General & Administrative | −$620M | 11.3% |
| Other Operating Expenses | −$379M | 6.9% |
| Operating Income | $36M | 0.7% |
| Interest Expense | −$25M | 0.5% |
| Other Income, net | $53M | 1.0% |
| Income Tax Expense | $52M | 1.0% |
| Net Income | $123M | 2.2% |
Source: original SEC filing (filed 2024-04-30). Accession 0000002488-24-000054. Data normalized by EarningsFyi.