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CLAIM #5372 · Advanced Micro Devices Inc (AMD) · 2024Q3 earnings call · Oct 29, 2024 · due Dec 31, 2024

As we go forward into the fourth quarter, I think we are expecting another quarter of growth on a sequential basis for our Server business and strength in both Enterprise and Cloud.

Lisa Su · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

h in terms of quarter-on-quarter growth this quarter for Enterprise? And then maybe what sort of Enterprise and general cloud demand trends are you seeing out of China? Dr. Lisa Su: Sure. So, Harlan, thanks for the question. We did see positive growth momentum here in the third quarter in Enterprise. We are getting broader adoption and we're seeing that growth both in on-prem deployments as well as cloud third-party deployments. And so, we're very happy with sort of the adoption of our cloud instances when people are doing migrations, they're migrating from on-prem to cloud, they're migrating to AMD or they're migrating from older cloud instances to newer cloud instances. We're seeing migrations to AMD. So, I think that helps us in both the Enterprise segment as well as the Cloud segment. As we go forward into the fourth quarter, I think we are expecting another quarter of growth on a sequential basis for our Server business and strength in both Enterprise and Cloud. And I think as we think about our opportunities going forward, the Enterprise business is a place where we have been underrepresented. I think our portfolio has strengthened. So, the platforms that are being offered by the OEMs have broadened with not just Zen 4, but also with the Zen 5 portfolio launch. And so, I think those are opportunities for us in 2025. Jean Hu: Yes. On your China question, we are underrepresented in China market in the service side. So as Lisa said, that's another opportunity for us to continue to gain share. Operator: And the next question comes from the line of Stacy Rasgon with Bernstein Research. Please proceed with your question. Stacy Rasgon: For the first one, I wanted to go back to what you said about the size of the Data Center GPUs in the quarter. You sai

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SEC filings for AMD · Claim quote is verbatim from the 2024Q3 earnings call.