Advanced Micro Devices
AMDQ3 2024(AMD Q2 FY2024)Derived19% AI
AI Revenue %
19%
AI Fair Value
$40.3B
AI Revenue (Q)
$1.1B
Total Revenue (Q)
$5.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 (quarter ending June 29, 2024). Data Center revenue was $2,834M out of total $5,835M. Data Center revenue more than doubled from $1,321M in Q2 FY2023. The sequential increase from $2,337M to $2,834M (+$497M) was largely driven by accelerating MI300X shipments. AMD publicly guided to >$4B in Data Center GPU revenue for FY2024 during this period. Assuming Data Center CPU (EPYC) revenue of ~$1,500-1,600M (growing organically ~15-20% YoY from ~$1,300M base), Data Center GPU revenue would be ~$1,100-1,300M. Conservative estimate: ~$1,109M AI GPU revenue = $1,109M / $5,835M = ~19.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Data Center $ 2,834
10-Q Segment Note, Q ended June 29, 2024
Total net revenue $ 5,835
10-Q Segment Note, Q ended June 29, 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