AMD: slight increase in revenues in Q1 2024 compared with 2023

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AMD has just published its financial results for the first quarter of 2024… Oh, how time flies. In any case, the company recorded a slight increase in revenues compared with the first part of 2023. What are the growth sectors? We tell you all about it!

Revenues: AMD registers a slight increase on 2023 in Q1 2024!

Revenus AMD T1 2024As can be seen briefly, in the first quarter of 2024, AMD posted a slight increase in sales. Indeed, the company posted sales of $5.5 billion, up 2.2% on Q1 2023. However, these are down 11% on Q4 2023. This is to be expected, as sales are boosted by the holiday season. Generally speaking, the first quarter is a fairly quiet period.

AMD derives most of its revenues from the professional sector, with its data center branch recording a year-on-year increase in sales of 80%. Once again, AI seems to be at the heart of this increase, as AMD Instinct is mentioned in the infographic. Likewise, the new Epyc CPUs contribute to this increase.

On the client side, Ryzen processors are off to a good start. At the same time, the company launched a new batch of APUs at the beginning of the year, while the rest of the Ryzen 7000 range remains very solid… Particularly since the Ryzen 7000X3D and the Intel 14 in half-tone.

Unfortunately, sectors such as Gaming and Embedded are seeing their figures fall sharply (by almost 50%). As for consumer graphics cards, AMD mentions a drop in revenues, but we can only assume that the lack of new products is not helping.

In short, even if results don’t explode, they are up over the quietest period of the year. This is rather encouraging for the start of the year.

EDIT: in its forecasts, AMD doesn’t seem very optimistic about the gaming sector, as the brand expects further declines in this area. Firstly, there will be no console upgrades from Sony and Microsoft this year, while there are uncertainties surrounding the RX 8000 (no Enthusiast GPU, etc.). All these factors are causing the company’s share price to plummet.

On the other hand, the company’s future financial results could be boosted by the pro sector, particularly in the field of AI. As we said here, NVIDIA is struggling to supply all its customers, so AMD has a card to play!