{"id":59280,"date":"2020-10-27T11:42:02","date_gmt":"2020-10-27T10:42:02","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=59280"},"modified":"2020-10-27T11:42:02","modified_gmt":"2020-10-27T10:42:02","slug":"amd-reports-third-quarter-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/59280-amd-reports-third-quarter-2020-financial-results\/","title":{"rendered":"AMD<\/span> Reports Third Quarter 2020 Financial Results"},"content":{"rendered":"

\u2015 <\/em>R<\/em>ecord r<\/em>eve\u00adnue gr<\/em>e<\/em>w <\/em>56<\/em> per\u00adcent<\/em> and <\/em>net inco\u00adme <\/em>and EPS<\/span> more than dou\u00adbled<\/em> year-over-year<\/em> \u2014<\/em><\/p>\n

SANTA<\/span> CLARA<\/span>, Calif., Oct. 27, 2020 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>: AMD<\/span>) today announ\u00adced record reve\u00adnue for the third quar\u00adter of 2020 of $2.80 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $449 mil\u00adli\u00adon, net inco\u00adme of $390 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.32. On a non-GAAP* basis, ope\u00adra\u00adting inco\u00adme was $525 mil\u00adli\u00adon, net inco\u00adme was $501 mil\u00adli\u00adon and diluted ear\u00adnings per share was $0.41.<\/p>\n

GAAP<\/span> Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ3<\/span> 2020<\/strong><\/td>\nQ3<\/span> 2019<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ2<\/span> 2020<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$2,801<\/td>\n$1,801<\/td>\nUp 56%<\/td>\n$1,932<\/td>\nUp 45%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$1,230<\/td>\n$777<\/td>\nUp 58%<\/td>\n$848<\/td>\nUp 45%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n44%<\/td>\n43%<\/td>\nUp 1pp<\/td>\n44%<\/td>\nFlat<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$781<\/td>\n$591<\/td>\nUp 32%<\/td>\n$675<\/td>\nUp 16%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$449<\/td>\n$186<\/td>\nUp 141%<\/td>\n$173<\/td>\nUp 160%<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$390<\/td>\n$120<\/td>\nUp 225%<\/td>\n$157<\/td>\nUp 148%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$0.32<\/td>\n$0.11<\/td>\nUp 191%<\/td>\n$0.13<\/td>\nUp 146%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Non-GAAP* Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ3<\/span> 2020<\/strong><\/td>\nQ3<\/span> 2019<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ2<\/span> 2020<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$2,801<\/td>\n$1,801<\/td>\nUp 56%<\/td>\n$1,932<\/td>\nUp 45%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$1,231<\/td>\n$779<\/td>\nUp 58%<\/td>\n$850<\/td>\nUp 45%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n44%<\/td>\n43%<\/td>\nUp 1pp<\/td>\n44%<\/td>\nFlat<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$706<\/td>\n$539<\/td>\nUp 31%<\/td>\n$617<\/td>\nUp 14%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$525<\/td>\n$240<\/td>\nUp 119%<\/td>\n$233<\/td>\nUp 125%<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$501<\/td>\n$219<\/td>\nUp 129%<\/td>\n$216<\/td>\nUp 132%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$0.41<\/td>\n$0.18<\/td>\nUp 128%<\/td>\n$0.18<\/td>\nUp 128%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u201c<\/span>Our busi\u00adness acce\u00adle\u00adra\u00adted in the third quar\u00adter as strong demand for our PC<\/span>, gam\u00ading and data cen\u00adter pro\u00adducts dro\u00adve record quar\u00adter\u00adly reve\u00adnue,\u201d said Dr. Lisa Su, AMD<\/span> pre\u00adsi\u00addent and CEO<\/span>. \u201cWe repor\u00adted our fourth straight quar\u00adter with grea\u00adter than 25 per\u00adcent year-over-year reve\u00adnue growth, high\u00adlight\u00ading our signi\u00adfi\u00adcant cus\u00adto\u00admer momen\u00adtum. We are well posi\u00adtio\u00adned to con\u00adti\u00adnue deli\u00adve\u00adring best-in-class growth as we fur\u00adther extend our lea\u00adder\u00adship pro\u00adduct port\u00adfo\u00adlio with the laun\u00adches of our next gene\u00adra\u00adti\u00adon Ryzen, Rade\u00adon and EPYC<\/span> processors.\u201d<\/p>\n

Q<\/strong>3<\/strong> 20<\/strong>20<\/strong> Result<\/strong>s<\/strong><\/p>\n