CLAIM #5402 · Advanced Micro Devices Inc (AMD) · 2024Q4 earnings call · Feb 4, 2025 · due Mar 31, 2025
“We would expect the client business and the embedded business to be down more than that. Just given where seasonality is for those businesses. And then we would expect gaming business will be down a little less than that.”
Lisa Su · CEO
In context
“lyst for the data center GPU business. But overall, I think we are very pleased with the trajectory of the data center business in both 2024 and then going into full year 2025. Aaron Rakers : Yes. Thank you very much. And as a quick follow-up, just thinking about the guidance overall relative to that down 7% sequential I know you mentioned seasonality across the business segments. Are you assuming that you are down sequentially in data center in total in 1Q? And how do I frame that relative to seasonality? Thank you. Lisa Su: Yes, sure, Aaron. So let me give you some more color on the Q1 guide. So Q1 guide was down 7% sequentially, as Jean mentioned. And the way that breaks out in each of the segments assume that data center would be down just about that average, so the corporate average. We would expect the client business and the embedded business to be down more than that. Just given where seasonality is for those businesses. And then we would expect gaming business will be down a little less than that. And that's a little atypical from a seasonality standpoint, but we are coming-off of a year when there was a lot of let’s call it, inventory normalization. And now that inventory has normalized, we would expect that, that would be down a little bit less than the corporate average. Operator: And the next question comes from the line of Timothy Arcuri with UBS. Please proceed with your question. Timothy Arcuri : Thanks a lot. I wanted to ask about the server CPU business. Jean, I think you have said in the past that core count is going to grow mid-to-high teens. And as long as your competitor is not super aggressive on pricing that your business should grow roughly that much as well. Are you expecting or are you already seeing them become a little more aggressive on pricing as they attempt”
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SEC filings for AMD ↗ · Claim quote is verbatim from the 2024Q4 earnings call.