AMD Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-29), AMD reported revenue of $5.8B, gross profit of $2.9B (49.1% gross margin), operating income of $269M, and net income of $265M (4.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMD was profitable; revenue grew 6.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +6.6% | +115.4% | +2.3 pp |
Consensus estimate data is not available for this report.
AMD Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.8B | 100% |
| Cost of Revenue | −$3.0B | 50.9% |
| Gross Profit | $2.9B | 49.1% |
| Research & Development | −$1.6B | 27.1% |
| Selling, General & Administrative | −$650M | 11.1% |
| Other Operating Expenses | −$362M | 6.2% |
| Operating Income | $269M | 4.6% |
| Interest Expense | −$25M | 0.4% |
| Other Income, net | −$55M | 0.9% |
| Income Tax Expense | −$41M | 0.7% |
| Net Income | $265M | 4.5% |
Source: original SEC filing (filed 2024-07-30). Accession 0000002488-24-000121. Data normalized by EarningsFyi.