AMD Reports First Quarter 2020 Financial Results

SANTA CLARA, Calif., April 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2020 of $1.79 billion, operating income of $177 million, net income of $162 million and diluted earnings per share of $0.14. On a non-GAAP* basis, operating income was $236 million, net income was $222 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

  Q1 2020 Q1 2019 Y/Y Q4 2019 Q/Q
Revenue ($B)$1.79$1.27Up 40%$2.13Down 16%
Gross margin46%41%Up 5pp45%Up 1pp
Operating expenses ($M)$641$543Up $98$601Up $40
Operating income ($M)$177$38Up $139$348Down $171
Net income ($M)$162$16Up $146$170Down $8
Earnings per share$0.14$0.01Up $0.13$0.15Down $0.01

Non-GAAP* Quarterly Financial Results

  Q1 2020 Q1 2019 Y/Y Q4 2019 Q/Q
Revenue ($B) $1.79 $1.27 Up 40% $2.13 Down 16%
Gross margin 46% 41% Up 5pp 45% Up 1pp
Operating expenses ($M) $584 $498 Up $86 $545 Up $39
Operating income ($M) $236 $84 Up $152 $405 Down $169
Net income ($M) $222 $62 Up $160 $383 Down $161
Earnings per share $0.18 $0.06 Up $0.12 $0.32 Down $0.14

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