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CLAIM #5283 · Advanced Micro Devices Inc (AMD) · 2024Q1 earnings call · Apr 30, 2024 · due Dec 31, 2025

We do think over time, the gross margin should be accretive to corporate average.

Jean Hu · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

y, Data Center GPUs, for sure. So I don't know that we're going to get into specifics, but I could say, in general, you should expect overall at the segment level to be very strong double digits. Operator: Our next question is from Joe Moore with Morgan Stanley. Joseph Moore: I wonder if you could address the profitability of MI300. I know you said a couple of quarters ago that it would eventually be above corporate average, but it would take you a few quarters to get there. Can you talk about where you are in that? Jean Hu: Yes. Thank you, Joe. Our team has done an incredible job to ramp MI300. As you probably know, it's a very complex product, and we are still at the first year of the ramp, both from yield, the testing time and the process improvement, those things are still ongoing. We do think over time, the gross margin should be accretive to corporate average. Joseph Moore: Great. And then as a separate follow-up. On the Turin transition on server, I know when you had transitioned in generally, you said it could take a little while, that there were significant platform shifts and things like that. Turin seems to be much more kind of ecosystem compatible. How quickly do you think you might see that product ramp within our server portfolio? Lisa Su: Yes. Joe, I think from what we see, look, think Turin is the same platform so that does make it an easier ramp. I do think that Genoa and Turin will coexist for some amount of time because customers are deciding when they're going to bring out their new platforms. We expect Turin to give us access to a broader set of workloads. So our SAM actually expands with Turin, both in enterprise and cloud. An

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SEC filings for AMD · Claim quote is verbatim from the 2024Q1 earnings call.