AMD Reports Second Quarter 2024 Financial Results

  Q2 2024 Q2 2023 Y/Y Q1 2024 Q/Q
Revenue ($M)$5,835 $5,359 Up 9%$5,473 Up 7%
Gross profit ($M)$3,101 $2,665 Up 16%$2,861 Up 8%
Gross margin 53%  50% Up 3 ppts 52% Up 1 ppt
Operating expenses ($M)$1,847 $1,605 Up 15%$1,741 Up 6%
Operating income ($M)$1,264  $1,068   Up 18% $1,133   Up 12%
Operating margin   22%     20%   Up 2 ppts   21%   Up 1 ppt
Net income ($M) $1,126   $948   Up 19% $1,013   Up 11%
Diluted earnings per share $0.69   $0.58   Up 19% $0.62   Up 11%

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