AMD on Tuesday announced its financial results for the third quarter of 2024. With a revenue of $6.819 billion, the company posted its best quarter ever as its datacenter unit enjoyed record sales. While the company's client business also performed well year-over-year, its gaming and embedded businesses were down rather dramatically compared to the same quarter a year ago.
AMD's revenue reached $6.819 billion, up 18% year-over-year, in the third quarter of 2024, whereas its net income increased to $771 million, a 158% rise compared to the same quarter in 2023. AMD's gross margin rose to 50%, up 3% year-over-year.
