Advanced Micro Devices (AMD) Revenue — Quarter Ended Mar 30, 2024
Revenue for the quarter came in lower than the immediately preceding period, reversing the sequential growth seen in earlier quarters. Compared with the same quarter one year earlier, revenue was slightly higher.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue for the quarter came in lower than the immediately preceding period, reversing the sequential growth seen in earlier quarters. Compared with the same quarter one year earlier, revenue was slightly higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.5B
Revenue reported for this quarter.
Quarter-over-quarter
-11.3%
Change from the immediately preceding quarter.
Year-over-year
+2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2023 | $5.4B | -18.2% |
| Sep 30, 2023 | $5.8B | +4.2% |
| Dec 30, 2023 | $6.2B | +10.2% |
| Mar 30, 2024 | $5.5B | +2.2% |
Revenue performance
The reported revenue declined from the prior quarter, marking a downturn after a period of sequential increases.
Quarterly comparison
Revenue for the current quarter decreased compared with the prior quarter. However, when measured against the same quarter of the prior year, revenue showed an increase.
What to watch
Although revenue dipped sequentially, the year-over-year improvement suggests maintaining demand relative to the prior year.