AMD Reports Fourth Quarter and Annual 2019 Financial Results

– Record quarterly revenue of $2.13 billion; record annual revenue of $6.73 billion –

– Gross margin expanded to 45 percent in Q4 2019 and 43 percent for 2019 –

SANTA CLARA, Calif., Jan. 28, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2019 of $2.13 billion, operating income of $348 million, net income of $170 million and diluted earnings per share of $0.15. On a non-GAAP(*) basis, operating income was $405 million, net income was $383 million and diluted earnings per share was $0.32.

For fiscal year 2019, the company reported revenue of $6.73 billion, operating income of $631 million, net income of $341 million and diluted earnings per share of $0.30. On a non-GAAP(*) basis, operating income was $840 million, net income was $756 million and diluted earnings per share was $0.64.

GAAP Quarterly Financial Results

  Q4 2019 Q4 2018 Y/Y Q3 2019 Q/Q
Revenue ($B) $ 2.13   $ 1.42   Up 50% $ 1.80   Up 18%
Gross margin   45 %   38 % Up 7pp   43 % Up 2pp
Operating expense ($M) $ 601   $ 509   Up $92 $ 591   Up $10
Operating income ($M) $ 348   $ 28   Up $320 $ 186   Up $162
Net income ($M) $ 170   $ 38   Up $132 $ 120   Up $50
Earnings per share $ 0.15   $ 0.04   Up $0.11 $ 0.11   Up $0.04

Non-GAAP(*) Quarterly Financial Results

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