AMD Reports Second Quarter 2020 Financial Results

SANTA CLARA, Calif., July 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2020 of $1.93 billion, operating income of $173 million, net income of $157 million and diluted earnings per share of $0.13. On a non-GAAP* basis, operating income was $233 million, net income was $216 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

  Q2 2020
  Q2 2019
  Y/Y Q1 2020
  Q/Q
Revenue ($B)$1.93 $1.53 Up 26%$1.79 Up 8%
Gross margin44% 41% Up 3pp46% Down 2pp
Operating expenses ($M)$675 $562 Up $113$641 Up $34
Operating income ($M)$173 $59 Up $114$177 Down $4
Net income ($M)$157 $35 Up $122$162 Down $5
Earnings per share $0.13   $0.03   Up $0.10 $0.14   Down $0.01

Non-GAAP* Quarterly Financial Results

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