Analysis of Revenues
Revenues as Reported
Advanced Micro Devices Inc., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
- Data Center Revenue
- The Data Center segment demonstrates a consistent upward trend over the analysis period. Starting from 1,685 million US dollars in 2020, revenue more than doubled by the end of 2021 and continued to increase to reach 12,579 million US dollars by 2024. This indicates strong growth momentum and possibly an expanding market share or improving product offerings in the data center category.
- Client Revenue
- The Client segment shows variability over time. After a significant increase from 5,189 million US dollars in 2020 to 6,887 million dollars in 2021, revenue declined to 6,201 million in 2022 and further to 4,651 million in 2023. A recovery is observed in 2024, with revenue rising again to 7,054 million. This pattern suggests cyclical demand or seasonal fluctuations, with signs of recent improvement.
- Gaming Revenue
- Gaming revenue experienced strong growth from 2,746 million US dollars in 2020 to a peak of 6,805 million in 2022. However, a decline followed in 2023 to 6,212 million and a sharp drop to 2,595 million in 2024. This reversal indicates potential challenges in the gaming market or increased competition, resulting in decreasing revenues after a period of expansion.
- Embedded Revenue
- The Embedded segment exhibits substantial growth, especially notable after 2021. Revenue rose from 143 million US dollars in 2020 to 246 million in 2021 and then surged to 4,552 million in 2022. Further increases were recorded in 2023 (5,321 million), followed by a decline in 2024 to 3,557 million. Overall, the substantial rise followed by the recent decline could reflect new market initiatives or product introductions that have faced recent headwinds or market adjustments.
- Total Net Revenue
- Total net revenue consistently increased over the period, climbing from 9,763 million US dollars in 2020 to 25,785 million in 2024. Although a slight dip occurred in 2023 compared to 2022, the overall growth trajectory remains positive, suggesting healthy expansion across the company's operations driven particularly by strong performance in segments like Data Center and Embedded, despite volatility in Gaming and Client revenues.