$INTC margins crater for 2024 Q3.
DCAI/NEX up, rest down π§΅
vs 23Q3
π΅ Revenue $13.3b, down 6% (Guide 13b)
π Gross Margin 15% GAAP, down 27.5pp (Guide 34.5)
π° Net Income -$16.6b, down from $0.3b
πͺ EPS -$3.88, down from $0.07
β‘οΈFoundry $4.35b, down 8% from $4.83b
β‘οΈDCAI $3.35b, up 9% from $3.08b
β‘οΈCCG $7.33b, down 7% from $7.87b
β‘οΈNEX $1.51b, up 4% from $1.45b
β‘οΈAltera $0.41b, down 44% from $0.74b
β‘οΈMBLY $0.48b, down 8% from $0.53b
Employee count, as of Sep 28, is at 124.1k - down 1200 from last quarter. Not quite the 15k announced quite yet.
$AMD hits a record quarter for 2024 Q3. Their best ever. π§΅
π΅ Revenue $6.819b, up 18% YoY
π Gross Margin 54%/50%, up 3pp YoY
π° Op Income $724m, up from 224m
πͺ EPS $0.47, up 161%
Outlook:
π΅ Revenue $7.5b, +- $300m
π GM 54%
Datacenter - EPYC, Instinct
β‘οΈ Revenue $3.549b, up 122% YoY from $1.598b
β‘οΈ Operating Income $1.041b, up from $0.306b
β‘οΈ Operating Margin 29% , up from 19% YoY
Launched Turin, MI325X. Strong cloud pickup on MI300X, announced the acquisition of ZT Systems.
Client - Ryzen, Ryzen AI
β‘οΈRevenue $1.881b, up 29% YoY from $1.453b
β‘οΈOperating Income is $276m, up from $140m YoY
β‘οΈOperating Margin is 15%, up from 10% YoY
New Ryzen AI 300 mobile devices, ramped Ryzen 9000 desktop, X3D due 7th Nov.