AMD Reports Third Quarter 2019 Financial Results

— Revenue grew 9 percent year-over-year and 18 percent quarter-over-quarter;
Gross margin expanded to 43 percent, up 3 percentage points year-over-year —

SANTA CLARA, Calif., Oct. 29, 2019 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2019 of $1.80 billion, operating income of $186 million, net income of $120 million and diluted earnings per share of $0.11. On a non-GAAP(*) basis, operating income was $240 million, net income was $219 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

  Q3 2019 Q3 2018 Y/Y Q2 2019 Q/Q
Revenue ($B)$1.80$1.65Up 9%$1.53Up 18%
Gross margin43%40%Up 3 pp41%Up 2 pp
Operating expense ($M)$591$511Up $80$562Up $29
Operating income ($M)$186$150Up $36$59Up $127
Net income ($M)$120$102Up $18$35Up $85
Earnings per share$0.11$0.09Up $0.02$0.03Up $0.08

Non-GAAP(*) Quarterly Financial Results

  Q3 2019 Q3 2018 Y/Y Q2 2019 Q/Q
Revenue ($B) $1.80 $1.65 Up 9% $1.53 Up 18%
Gross margin 43% 40%  Up 3 pp 41% Up 2 pp
Operating expense ($M) $539 $476 Up $63 $512 Up $27
Operating income ($M) $240 $186 Up $54 $111 Up $129
Net income ($M) $219 $150 Up $69 $92 Up $127
Earnings per share $0.18 $0.13 Up $0.05 $0.08  Up $0.10

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