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CLAIM #5285 · Advanced Micro Devices Inc (AMD) · 2024Q1 earnings call · Apr 30, 2024 · due Jul 31, 2024

You always ask a math question. So I think, in general, it is more. The Data Center GPU ramp, it will be more than the overall company's $200-some million ramp.

Jean Hu · CFO

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versus commitment · official band 5 percent
Committed
the Data Center GPU ramp, it will be more than the overall company's $200-some million ramp
Reported
MI300 quarterly revenue exceeding $1 billion for the first time

In context

than, for example, when we went from Milan to Genoa. Operator: Our next question is from Stacy Rasgon with Bernstein Research. Stacy Rasgon: For my first one, I wanted to address the MI300 ramp into Q2. So you said you've done $1 billion, give or take, in cumulative sales, which puts it at maybe, I don't know, maybe $600 million in Q1. You're guiding total revenues up about $225 million into Q2, but you've got Client up, you've got traditional Data Center up, you've got Embedded flat. Gaming is going to be down, but I'd hazard a guess that the client and traditional Data Center offset it, if not more. Does the MI300 ramp into Q2? Is it more or less than the total corporate ramp that you've got built into guidance right now that you're expecting? Jean Hu: Stacy, thanks for the question. You always ask a math question. So I think, in general, it is more. The Data Center GPU ramp, it will be more than the overall company's $200-some million ramp. Stacy Rasgon: Okay. So that means Gaming must be down like a lot, right, if client [indiscernible] Jean Hu: Yes, yes, you're right. Gaming is down similar zip code like Q1. Stacy Rasgon: Got it. Got it. That's helpful. Jean Hu: So maybe -- yes, maybe let me give you some color about the Gaming business, right? If you look at the Gaming, the demand has been quite weak, that's quite very well-known and also their inventory level. So based on the visibility we have, the first half, both Q1, Q2, we guided down sequentially more than 30%. We actually think the second half will be lower than first half. That's basically how we're looking at this year for the Gaming business. And at the same time, Gaming's gross margin is lower than our company average. So overall, will help the mix on th

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