AMD Reports Fourth Quarter and Full Year 2020 Financial Results

― Quarterly revenue of $3.24B up 53% year-over-year; Full year revenue of $9.76B up 45%; quarterly and full year net income more than doubled from prior year ―

SANTA CLARA, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2020 of $3.24 billion, operating income of $570 million, net income of $1.78 billion and diluted earnings per share of $1.45. Fourth quarter net income included an income tax benefit of $1.30 billion associated with a valuation allowance release, which contributed $1.06 to EPS. On a non-GAAP(*) basis, operating income was $663 million, net income was $636 million and diluted earnings per share was $0.52.

For full year 2020, the company reported revenue of $9.76 billion, operating income of $1.37 billion, net income of $2.49 billion and diluted earnings per share of $2.06. Full year results included a fourth quarter income tax benefit of $1.30 billion associated with a valuation allowance release, which contributed $1.07 to annual EPS. On a non-GAAP(*) basis, operating income was $1.66 billion, net income was $1.58 billion and diluted earnings per share was $1.29.

GAAP Quarterly Financial Results

  Q4 2020 Q4 2019 Y/Y Q3 2020 Q/Q
Revenue ($M)$3,244$2,127Up 53%$2,801Up 16%
Gross profit ($M)$1,451$949Up 53%$1,230Up 18%
Gross margin45%45%Flat44%Up 1pp
Operating expenses ($M)$881$601Up 47%$781Up 13%
Operating income ($M)$570$348Up 64%$449Up 27%
Tax Valuation Allowance Release Benefit ($M)$1,301 -- -- -- --
Net income ($M) $1,781 $170 Up 948% $390 Up 357%
Earnings per share $1.45 $0.15 Up 867% $0.32 Up 353%

Non-GAAP <

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



Review Article Be the first to review this article

 Advanced Asembly

Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
IBM’s 2nm chip; EDA updates; AI updates; acquisitions
More Editorial  
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Next Week’s Main Event: The ESD Alliance CEO Outlook
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating the UVM Register Abstraction Layer (RAL)
Jobs
SerDes Applications Design Engineer for Xilinx at San Jose, California
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
ASIC Engineer for Juniper Networks at Sunnyvale, California
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
SoC Physical Design Engineer for Qualcomm at Austin, Texas
ASIC SoC Verification Engineer for Ericsson at Austin, Texas
Upcoming Events
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021
True Circuits PHY



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise