{"id":518469,"date":"2021-07-27T16:18:15","date_gmt":"2021-07-27T20:18:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amd-reports-second-quarter-2021-financial-results\/"},"modified":"2021-07-27T16:18:15","modified_gmt":"2021-07-27T20:18:15","slug":"amd-reports-second-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amd-reports-second-quarter-2021-financial-results\/","title":{"rendered":"AMD Reports Second Quarter 2021 Financial Results"},"content":{"rendered":"
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\n \u2014 Revenue increased 99 percent year-over-year; Gross Margin expanded to 48 percent \u2014<\/em>\n <\/p>\n

SANTA CLARA, Calif., July 27, 2021 (GLOBE NEWSWIRE) — AMD<\/a> (NASDAQ:AMD) today announced revenue for the second quarter of 2021 of $3.85 billion, operating income of $831 million, net income of $710 million and diluted earnings per share of $0.58. On a non-GAAP* basis, operating income was $924 million, net income was $778 million and diluted earnings per share was $0.63.<\/p>\n

\n GAAP Quarterly Financial Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Q2 2021<\/strong>\n <\/td>\n\n Q2 2020<\/strong>\n <\/td>\n\n Y\/Y<\/strong>\n <\/td>\n\n Q1 2021<\/strong>\n <\/td>\n\n Q\/Q<\/strong>\n <\/td>\n<\/tr>\n
Revenue ($M)<\/td>\n$3,850<\/td>\n$1,932<\/td>\nUp 99%<\/td>\n$3,445<\/td>\nUp 12%<\/td>\n<\/tr>\n
Gross profit ($M)<\/td>\n$1,830<\/td>\n$848<\/td>\nUp 116%<\/td>\n$1,587<\/td>\nUp 15%<\/td>\n<\/tr>\n
Gross margin %<\/td>\n48%<\/td>\n44%<\/td>\nUp 4pp<\/td>\n46%<\/td>\nUp 2pp<\/td>\n<\/tr>\n
Operating expenses ($M)<\/td>\n$1,000<\/td>\n$675<\/td>\nUp 48%<\/td>\n$929<\/td>\nUp 8%<\/td>\n<\/tr>\n
Operating income ($M)<\/td>\n$831<\/td>\n$173<\/td>\nUp 380%<\/td>\n$662<\/td>\nUp 26%<\/td>\n<\/tr>\n
Operating margin %<\/td>\n22%<\/td>\n9%<\/td>\nUp 13pp<\/td>\n19%<\/td>\nUp 3pp<\/td>\n<\/tr>\n
Net income ($M)<\/td>\n$710<\/td>\n$157<\/td>\nUp 352%<\/td>\n$555<\/td>\nUp 28%<\/td>\n<\/tr>\n
Earnings per share<\/td>\n$0.58<\/td>\n$0.13<\/td>\nUp 346%<\/td>\n$0.45<\/td>\nUp 29%<\/td>\n<\/tr>\n<\/table>\n

\n Non-GAAP* Quarterly Financial Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Q2 2021<\/strong>\n <\/td>\n\n Q2 2020<\/strong>\n <\/td>\n\n Y\/Y<\/strong>\n <\/td>\n\n Q1 2021<\/strong>\n <\/td>\n\n Q\/Q<\/strong>\n <\/td>\n<\/tr>\n
Revenue ($M)<\/td>\n$3,850<\/td>\n$1,932<\/td>\nUp 99%<\/td>\n$3,445<\/td>\nUp 12%<\/td>\n<\/tr>\n
Gross profit ($M)<\/td>\n$1,832<\/td>\n$850<\/td>\nUp 116%<\/td>\n$1,588<\/td>\nUp 15%<\/td>\n<\/tr>\n
Gross margin %<\/td>\n48%<\/td>\n44%<\/td>\nUp 4pp<\/td>\n46%<\/td>\nUp 2pp<\/td>\n<\/tr>\n
Operating expenses ($M)<\/td>\n$909<\/td>\n$617<\/td>\nUp 47%<\/td>\n$830<\/td>\nUp 10%<\/td>\n<\/tr>\n
Operating income ($M)<\/td>\n$924<\/td>\n$233<\/td>\nUp 297%<\/td>\n$762<\/td>\nUp 21%<\/td>\n<\/tr>\n
Operating margin %<\/td>\n24%<\/td>\n12%<\/td>\nUp 12pp<\/td>\n22%<\/td>\nUp 2pp<\/td>\n<\/tr>\n
Net income ($M)<\/td>\n$778<\/td>\n$216<\/td>\nUp 260%<\/td>\n$642<\/td>\nUp 21%<\/td>\n<\/tr>\n
Earnings per share<\/td>\n$0.63<\/td>\n$0.18<\/td>\nUp 250%<\/td>\n$0.52<\/td>\nUp 21%<\/td>\n<\/tr>\n<\/table>\n

\u201cOur business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,\u201d said AMD president and CEO Lisa Su. \u201cWe are growing significantly faster than the market with strong demand across all of our businesses. We now expect our 2021 annual revenue to grow by approximately 60 percent year-over-year driven by strong execution and increased customer preference for our leadership products.\u201d<\/p>\n

\n Q2 2021 Results<\/strong>\n <\/p>\n