AMD Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-28), AMD reported revenue of $6.8B, gross profit of $3.4B (50.1% gross margin), operating income of $724M, and net income of $771M (11.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMD was profitable; revenue grew 16.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +16.9% | +190.9% | +6.8 pp |
Consensus estimate data is not available for this report.
AMD Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $6.8B | 100% |
| Cost of Revenue | −$3.4B | 49.9% |
| Gross Profit | $3.4B | 50.1% |
| Research & Development | −$1.6B | 24.0% |
| Selling, General & Administrative | −$721M | 10.6% |
| Other Operating Expenses | −$338M | 5.0% |
| Operating Income | $724M | 10.6% |
| Interest Expense | −$23M | 0.3% |
| Other Income, net | $36M | 0.5% |
| Income Tax Expense | $27M | 0.4% |
| Net Income | $771M | 11.3% |
Source: original SEC filing (filed 2024-10-29). Accession 0000002488-24-000161. Data normalized by EarningsFyi.