AMD Reports Second Quarter 2021 Financial Results

— Revenue increased 99 percent year-over-year; Gross Margin expanded to 48 percent —

SANTA CLARA, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- AMD (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.

GAAP Quarterly Financial Results

  Q2 2021 Q2 2020 Y/Y Q1 2021 Q/Q
Revenue ($M)$3,850$1,932Up 99%$3,445Up 12%
Gross profit ($M)$1,830$848Up 116%$1,587Up 15%
Gross margin %48%44%Up 4pp46%Up 2pp
Operating expenses ($M)$1,000$675Up 48%$929Up 8%
Operating income ($M)$831$173Up 380%$662Up 26%
Operating margin %22%9%Up 13pp 19% Up 3pp
Net income ($M) $710 $157 Up 352% $555 Up 28%
Earnings per share $0.58 $0.13 Up 346% $0.45 Up 29%

Non-GAAP* Quarterly Financial Results

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