greeksoup/ stock research
Stock research / United States / AMD / FY2024

Advanced Micro Devices (AMD) FY2024 results: revenue $25.8 billion, up 13.7% on the year

Advanced Micro Devices Inc. (AMD) reported revenue of $25.8 billion for fiscal 2024, the year ended 28 December 2024, up 13.7% on the year before. Net income was $1.6 billion, up 92.2%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2025.

Revenue
$25.8 billion
+13.7% on the year
FY2017FY2024
Operating margin
7.4%
1.8% a year earlier
FY2017FY2024
Net income
$1.6 billion
+92.2% on the year
FY2017FY2024
Diluted EPS
$1.00
+88.7% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue25,78522,68023,601+13.7%
Cost of revenue13,06012,22012,998+6.9%
Gross profit12,72510,46010,603+21.7%
Gross margin49.4%46.1%44.9%
Research and development6,4565,8725,005+9.9%
Selling, general and administrative2,7352,3182,336+18.0%
Operating income1,9004011,264+373.8%
Operating margin7.4%1.8%5.4%
Interest expense92.010688.0-13.2%
Pre-tax income2,0225081,198+298.0%
Income tax381-346-122
Effective tax rate18.8%-68.1%-10.2%
Net income1,6418541,320+92.2%
Net margin6.4%3.8%5.6%
Diluted EPS$1.00$0.53$0.84+88.7%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow3,0411,6673,565+82.4%
Capital expenditure636546450+16.5%
Free cash flow2,4051,1213,115+114.5%
Free cash flow margin9.3%4.9%13.2%
Cash from investing-1,101-1,4231,999
Cash from financing-2,062-1,146-3,264
Depreciation and amortisation2,8543,241n/a-11.9%
Share-based compensation1,4071,3841,081+1.7%
Buybacks8629853,702-12.5%
Diluted shares, weighted1,637m1,625m1,571m+0.7%
Shares outstanding at period end1,622m1,616m1,612m+0.4%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity57,56855,89254,750+3.0%
Debt1,7212,4682,467-30.3%
Operating lease liabilities491535396-8.2%
Other liabilities9,4468,9909,967+5.1%
Total liabilities and equity69,22667,88567,580+2.0%
Fixed assets1,8021,5891,513+13.4%
Goodwill24,83924,26224,177+2.4%
Intangible assets18,93021,36324,118-11.4%
Investments1,3451,8401,020-26.9%
Cash and equivalents3,7873,9334,835-3.7%
Receivables6,1924,3234,126+43.2%
Inventory5,7344,3513,771+31.8%
Other assets6,5976,2244,020+6.0%
Total assets69,22667,88567,580+2.0%

10-K for the year ended 28 December 2024, filed 5 February 2025: the filing.