AMD Reports Third Quarter 2021 Financial Results

— Revenue increased 54 percent year-over-year —
— Gross Margin grew more than 4 percentage points year-over-year to 48 percent —

SANTA CLARA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced revenue for the third quarter of 2021 of $4.3 billion, operating income of $948 million, net income of $923 million and diluted earnings per share of $0.75. On a non-GAAP* basis, operating income was $1.1 billion, net income was $893 million and diluted earnings per share were $0.73.

GAAP Quarterly Financial Results

  Q3 2021 Q3 2020 Y/Y Q2 2021 Q/Q
Revenue ($M) $4,313 $2,801 Up 54% $3,850 Up 12%
Gross profit ($M) $2,086 $1,230 Up 70% $1,830 Up 14%
Gross margin % 48% 44% Up 450 bps 48% Up 80 bps
Operating expenses ($M) $1,141 $781 Up 46% $1,000 Up 14%
Operating income ($M) $948 $449 Up 111% $831 Up 14%
Operating margin % 22% 16% Up 6pp 22% Flat
Net income ($M) $923 $390 Up 137% $710 Up 30%
Earnings per share $0.75 $0.32 Up 134% $0.58 Up 29%

Non-GAAP* Quarterly Financial Results

  Q3 2021 Q3 2020 Y/Y Q2 2021 Q/Q
Revenue ($M) $4,313 $2,801 Up 54% $3,850 Up 12%
Gross profit ($M) $2,087 $1,231 Up 70% $1,832 Up 14%
Gross margin % 48% 44% Up 440 bps 48% Up 80 bps
Operating expenses ($M) $1,035 $706 Up 47% $909 Up 14%
Operating income ($M) $1,055 $525 Up 101% $924 Up 14%
Operating margin % 24% 19% Up 5pp 24% Flat
Net income ($M) $893 $501 Up 78% $778 Up 15%
Earnings per share $0.73 $0.41 Up 78% $0.63 Up 16%

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