AMD Reports Second Quarter 2021 Financial Results


ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Millions except per share amounts and percentages) (Unaudited)
     
  Three Months Ended Six Months Ended
  June 26,
2021
 March 27,
2021
 June 27,
2020
 June 26,
2021
 June 27,
2020
Net revenue $3,850  $3,445  $1,932  $7,295  $3,718 
Cost of sales 2,020  1,858  1,084  3,878  2,052 
Gross profit 1,830  1,587  848  3,417  1,666 
Gross margin % 48%   46   44 %   47 %   45
Research and development   659     610     460     1,269     902  
Marketing, general and administrative   341     319     215     660     414  
Licensing gain   (1 )   (4 )       (5 )    
Operating income   831     662     173     1,493     350  
Interest expense   (10 )   (9 )   (14 )   (19 )   (27 )
Other income (expense), net       (11 )   1     (11 )   5  
Income before income taxes and equity income   821     642     160     1,463     328  
Income tax provision   113     89     4     202     10  
Equity income in investee   2     2     1     4     1  
Net Income   $ 710     $ 555     $ 157     $ 1,265     $ 319  
Earnings per share                    
Basic   $ 0.58     $ 0.46     $ 0.13     $ 1.04     $ 0.27  
Diluted   $ 0.58     $ 0.45     $ 0.13     $ 1.03     $ 0.27  
Shares used in per share calculation                    
Basic   1,216     1,213     1,174     1,214     1,172  
Diluted   1,232     1,231     1,227     1,231     1,225  
                               

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