AMD Reports Second Quarter 2019 Financial Results

- Revenue grew 20 percent quarter-over-quarter;
Gross margin expanded to 41 percent, up 4 percentage points year-over-year -

SANTA CLARA, Calif., July 30, 2019 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2019 of $1.53 billion, operating income of $59 million, net income of $35 million and diluted earnings per share of $0.03. On a non-GAAP(*) basis, operating income was $111 million, net income was $92 million and diluted earnings per share was $0.08.

GAAP Quarterly Financial Results

  Q2 2019
  Q2 2018
  Y/Y Q1 2019
  Q/Q
Revenue ($B)$1.53 $1.76 Down 13%$1.27 Up 20%
Gross margin41% 37% Up 4 pp41% Flat
Operating expense ($M)$562 $499 Up $63$543 Up $19
Operating income ($M)$59 $153 Down $94$38 Up $21
Net income ($M)$35 $116 Down $81 $16   Up $19
Earnings per share $0.03   $0.11   Down $0.08 $0.01   Up $0.02

Non-GAAP(*) Quarterly Financial Results

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