— Revenue increased 54 percent year-over-year —
— Gross Margin grew more than 4 percentage points year-over-year to 48 percent —
SANTA CLARA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the third quarter of 2021 of $4.3 billion, operating income of $948 million, net income of $923 million and diluted earnings per share of $0.75. On a non-GAAP* basis, operating income was $1.1 billion, net income was $893 million and diluted earnings per share were $0.73.
GAAP Quarterly Financial Results
| Q3 2021 | Q3 2020 | Y/Y | Q2 2021 | Q/Q | |
| Revenue ($M) | $4,313 | $2,801 | Up 54% | $3,850 | Up 12% |
| Gross profit ($M) | $2,086 | $1,230 | Up 70% | $1,830 | Up 14% |
| Gross margin % | 48% | 44% | Up 450 bps | 48% | Up 80 bps |
| Operating expenses ($M) | $1,141 | $781 | Up 46% | $1,000 | Up 14% |
| Operating income ($M) | $948 | $449 | Up 111% | $831 | Up 14% |
| Operating margin % | 22% | 16% | Up 6pp | 22% | Flat |
| Net income ($M) | $923 | $390 | Up 137% | $710 | Up 30% |
| Earnings per share | $0.75 | $0.32 | Up 134% | $0.58 | Up 29% |
Non-GAAP* Quarterly Financial Results
| Q3 2021 | Q3 2020 | Y/Y | Q2 2021 | Q/Q | |
| Revenue ($M) | $4,313 | $2,801 | Up 54% | $3,850 | Up 12% |
| Gross profit ($M) | $2,087 | $1,231 | Up 70% | $1,832 | Up 14% |
| Gross margin % | 48% | 44% | Up 440 bps | 48% | Up 80 bps |
| Operating expenses ($M) | $1,035 | $706 | Up 47% | $909 | Up 14% |
| Operating income ($M) | $1,055 | $525 | Up 101% | $924 | Up 14% |
| Operating margin % | 24% | 19% | Up 5pp | 24% | Flat |
| Net income ($M) | $893 | $501 | Up 78% | $778 | Up 15% |
| Earnings per share | $0.73 | $0.41 | Up 78% | $0.63 | Up 16% |
