AMD Reports Third Quarter 2020 Financial Results

Record revenue grew 56 percent and net income and EPS more than doubled year-over-year

SANTA CLARA, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced record revenue for the third quarter of 2020 of $2.80 billion, operating income of $449 million, net income of $390 million and diluted earnings per share of $0.32. On a non-GAAP* basis, operating income was $525 million, net income was $501 million and diluted earnings per share was $0.41.

GAAP Quarterly Financial Results

  Q3 2020 Q3 2019 Y/Y Q2 2020 Q/Q
Revenue ($M)$2,801$1,801Up 56%$1,932Up 45%
Gross profit ($M)$1,230$777Up 58%$848Up 45%
Gross margin44%43%Up 1pp44%Flat
Operating expenses ($M)$781$591Up 32%$675Up 16%
Operating income ($M)$449$186Up 141%$173Up 160%
Net income ($M)$390$120 Up 225% $157 Up 148%
Earnings per share $0.32 $0.11 Up 191% $0.13 Up 146%

Non-GAAP* Quarterly Financial Results

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