Advanced Micro Devices
AMDQ2 2024(AMD Q1 FY2024)Derived14% AI
AI Revenue %
14%
AI Fair Value
$29.2B
AI Revenue (Q)
$766.2M
Total Revenue (Q)
$5.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (quarter ending March 30, 2024). Data Center revenue surged to $2,337M out of total $5,473M, up 80% from $1,295M in Q1 FY2023. The segment description now explicitly includes 'Artificial Intelligence (AI) accelerators.' The $1,042M year-over-year increase in Data Center revenue was driven primarily by MI300X GPU ramp. EPYC CPU revenue was also growing but not at this pace. Conservative estimate: Data Center GPU (AI) revenue of approximately $750-800M based on the revenue ramp trajectory. Using $766M: $766M / $5,473M = ~14.0%. This aligns with the public disclosure trajectory toward AMD's stated ~$3.5B annual MI300 revenue target at the time.
Analyzed by claude-opus-4-6
Quoted Figures
Data Center $ 2,337
10-Q Segment Note, Q ended March 30, 2024
Total net revenue $ 5,473
10-Q Segment Note, Q ended March 30, 2024
the Data Center segment, which primarily includes server microprocessors (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs), Artificial Intelligence (AI) accelerators
10-Q Note 4, Segment Reporting, Q ended March 30, 2024
AI Products Identified (Ring 1)
AMD Instinct MI300XAMD Instinct MI300A
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
EPYC server CPUsXilinx FPGAsPensando DPUsSmartNICs
Confidence Tier
DerivedCalculated from reported segments primarily serving AI