{"id":60808,"date":"2021-01-26T22:14:44","date_gmt":"2021-01-26T21:14:44","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=60808"},"modified":"2021-01-26T22:14:44","modified_gmt":"2021-01-26T21:14:44","slug":"amd-reports-fourth-quarter-and-full-year-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/60808-amd-reports-fourth-quarter-and-full-year-2020-financial-results\/","title":{"rendered":"AMD<\/span> Reports Fourth Quarter and Full Year 2020 Financial Results"},"content":{"rendered":"

\u2015 Quar\u00adter\u00adly reve\u00adnue of $3.24B<\/span> up 53% year-over-year; Full year reve\u00adnue of $9.76B<\/span> up 45%; <\/em>quar\u00adter\u00adly and full year net inco\u00adme more than dou\u00adbled from pri\u00ador year \u2015<\/em><\/p>\n

SANTA<\/span> CLARA<\/span>, Calif., Jan. 26, 2021 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the fourth quar\u00adter of 2020 of $3.24 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $570 mil\u00adli\u00adon, net inco\u00adme of $1.78 bil\u00adli\u00adon and diluted ear\u00adnings per share of $1.45. Fourth quar\u00adter net inco\u00adme included an inco\u00adme tax bene\u00adfit of $1.30 bil\u00adli\u00adon asso\u00adcia\u00adted with a valua\u00adti\u00adon allo\u00adwan\u00adce release, which con\u00adtri\u00adbu\u00adted $1.06 to EPS<\/span>. On a non-GAAP(<\/sup>*<\/sup>)<\/sup> basis, ope\u00adra\u00adting inco\u00adme was $663 mil\u00adli\u00adon, net inco\u00adme was $636 mil\u00adli\u00adon and diluted ear\u00adnings per share was $0.52.<\/p>\n

For full year 2020, the com\u00adpa\u00adny repor\u00adted reve\u00adnue of $9.76 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $1.37 bil\u00adli\u00adon, net inco\u00adme of $2.49 bil\u00adli\u00adon and diluted ear\u00adnings per share of $2.06. Full year results included a fourth quar\u00adter inco\u00adme tax bene\u00adfit of $1.30 bil\u00adli\u00adon asso\u00adcia\u00adted with a valua\u00adti\u00adon allo\u00adwan\u00adce release, which con\u00adtri\u00adbu\u00adted $1.07 to annu\u00adal EPS<\/span>. On a non-GAAP(<\/sup>*<\/sup>)<\/sup> basis, ope\u00adra\u00adting inco\u00adme was $1.66 bil\u00adli\u00adon, net inco\u00adme was $1.58 bil\u00adli\u00adon and diluted ear\u00adnings per share was $1.29.<\/p>\n

GAAP<\/span> Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ4<\/span> 2020<\/strong><\/td>\nQ4<\/span> 2019<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ3<\/span> 2020<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$3,244<\/td>\n$2,127<\/td>\nUp 53%<\/td>\n$2,801<\/td>\nUp 16%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$1,451<\/td>\n$949<\/td>\nUp 53%<\/td>\n$1,230<\/td>\nUp 18%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n45%<\/td>\n45%<\/td>\nFlat<\/td>\n44%<\/td>\nUp 1pp<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$881<\/td>\n$601<\/td>\nUp 47%<\/td>\n$781<\/td>\nUp 13%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$570<\/td>\n$348<\/td>\nUp 64%<\/td>\n$449<\/td>\nUp 27%<\/td>\n<\/tr>\n
Tax Valua\u00adti\u00adon Allo\u00adwan\u00adce Release Bene\u00adfit ($M)<\/td>\n$1,301<\/td>\n\u2013<\/td>\n\u2013<\/td>\n\u2013<\/td>\n\u2013<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$1,781<\/td>\n$170<\/td>\nUp 948%<\/td>\n$390<\/td>\nUp 357%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$1.45<\/td>\n$0.15<\/td>\nUp 867%<\/td>\n$0.32<\/td>\nUp 353%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Non-GAAP<\/strong>(<\/strong><\/sup>*) <\/strong><\/sup>Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ4<\/span> 2020<\/strong><\/td>\nQ4<\/span> 2019<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ3<\/span> 2020<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$3,244<\/td>\n$2,127<\/td>\nUp 53%<\/td>\n$2,801<\/td>\nUp 16%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$1,452<\/td>\n$950<\/td>\nUp 53%<\/td>\n$1,231<\/td>\nUp 18%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n45%<\/td>\n45%<\/td>\nFlat<\/td>\n44%<\/td>\nUp 1pp<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$789<\/td>\n$545<\/td>\nUp 45%<\/td>\n$706<\/td>\nUp 12%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$663<\/td>\n$405<\/td>\nUp 64%<\/td>\n$525<\/td>\nUp 26%<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$636<\/td>\n$383<\/td>\nUp 66%<\/td>\n$501<\/td>\nUp 27%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$0.52<\/td>\n$0.32<\/td>\nUp 63%<\/td>\n$0.41<\/td>\nUp 27%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Annu\u00adal Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nGAAP<\/span><\/strong><\/td>\nNon-GAAP<\/strong>(<\/strong><\/sup>*)<\/strong><\/sup><\/td>\n<\/tr>\n
 <\/td>\n2020<\/strong><\/td>\n2019<\/strong><\/td>\nY\/Y<\/strong><\/td>\n2020<\/strong><\/td>\n2019<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$9,763<\/td>\n$6,731<\/td>\nUp 45%<\/td>\n$9,763<\/td>\n$6,731<\/td>\nUp 45%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$4,347<\/td>\n$2,868<\/td>\nUp 52%<\/td>\n$4,353<\/td>\n$2,874<\/td>\nUp 51%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n45%<\/td>\n43%<\/td>\nUp 2pp<\/td>\n45%<\/td>\n43%<\/td>\nUp 2pp<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$2,978<\/td>\n$2,297<\/td>\nUp 30%<\/td>\n$2,696<\/td>\n$2,094<\/td>\nUp 29%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,369<\/td>\n$631<\/td>\nUp 117%<\/td>\n$1,657<\/td>\n$840<\/td>\nUp 97%<\/td>\n<\/tr>\n
Tax Valua\u00adti\u00adon Allo\u00adwan\u00adce Release Bene\u00adfit ($M)<\/td>\n$1,301<\/td>\n\u2013<\/td>\n\u2013<\/td>\n\u2013<\/td>\n\u2013<\/td>\n\u2013<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$2,490<\/td>\n$341<\/td>\nUp 630%<\/td>\n$1,575<\/td>\n$756<\/td>\nUp 108%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$2.06<\/td>\n$0.30<\/td>\nUp 587%<\/td>\n$1.29<\/td>\n$0.64<\/td>\nUp 102%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u201c<\/span>We signi\u00adfi\u00adcant\u00adly acce\u00adle\u00adra\u00adted our busi\u00adness in 2020, deli\u00adve\u00adring record annu\u00adal reve\u00adnue while expan\u00adding gross mar\u00adgin and more than doubling net inco\u00adme from 2019,\u201d said Dr. Lisa Su, AMD<\/span> pre\u00adsi\u00addent and CEO<\/span>. \u201cOur 2021 finan\u00adcial out\u00adlook high\u00adlights the strength of our pro\u00adduct port\u00adfo\u00adlio and robust demand for high-per\u00adfor\u00admance com\u00adpu\u00adting across the PC<\/span>, gam\u00ading and data cen\u00adter mar\u00adkets. We are exci\u00adted about the oppor\u00adtu\u00adni\u00adties ahead and very con\u00adfi\u00addent in our long-term stra\u00adtegy as we con\u00adti\u00adnue exe\u00adcu\u00adting our lea\u00adder\u00adship pro\u00adduct roadmaps.\u201d<\/p>\n

Q4<\/span> 2020 Results<\/strong><\/p>\n