AMD Reports Third Quarter 2021 Financial Results

— 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$2,801Up 54%$3,850Up 12%
Gross profit ($M)$2,086$1,230Up 70%$1,830Up 14%
Gross margin %48%44%Up 450 bps48%Up 80 bps
Operating expenses ($M)$1,141$781Up 46%$1,000Up 14%
Operating income ($M)$948$449Up 111%$831Up 14%
Operating margin %22%16%Up 6pp22% Flat
Net income ($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

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