AMD Reports Fourth Quarter and Full Year 2020 Financial Results

  GAAP Non-GAAP ( *)
  2020 2019 Y/Y 2020 2019 Y/Y
Revenue ($M)$9,763$6,731Up 45%$9,763$6,731Up 45%
Gross profit ($M)$4,347$2,868Up 52%$4,353$2,874Up 51%
Gross margin45%43%Up 2pp45%43%Up 2pp
Operating expenses ($M)$2,978$2,297Up 30%$2,696$2,094Up 29%
Operating income ($M)$1,369$631Up 117%$1,657$840Up 97%
Tax Valuation Allowance Release Benefit ($M) $1,301 -- -- -- -- --
Net income ($M) $2,490 $341 Up 630% $1,575 $756 Up 108%
Earnings per share $2.06 $0.30 Up 587% $1.29 $0.64 Up 102%

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