AMD Reports First Quarter 2024 Financial Results

  Q1 2024 Q1 2023 Y/Y Q4 2023 Q/Q
Revenue ($M)$5,473 $5,353 Up 2%$6,168 Down 11%
Gross profit ($M)$2,861 $2,675 Up 7%$3,133 Down 9%
Gross margin 52% 50%Up 2 ppts 51%Up 1 ppt
Operating expenses ($M)$1,741 $1,587  Up 10% $ 1,727   Flat
Operating income ($M) $ 1,133   $ 1,098   Up 3% $ 1,412   Down 20%
Operating margin   21 %   21 % Flat   23 % Down 2 ppts
Net income ($M) $ 1,013   $ 970   Up 4% $ 1,249   Down 19%
Diluted earnings per share $ 0.62   $ 0.60   Up 3% $ 0.77   Down 19%

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