{"id":64491,"date":"2022-02-01T23:03:48","date_gmt":"2022-02-01T22:03:48","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=64491"},"modified":"2022-02-01T23:03:48","modified_gmt":"2022-02-01T22:03:48","slug":"amd-reports-fourth-quarter-and-full-year-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/64491-amd-reports-fourth-quarter-and-full-year-2021-financial-results\/","title":{"rendered":"AMD<\/span> Reports Fourth Quarter and Full Year 2021 Financial Results"},"content":{"rendered":"

\u2015 Record quar\u00adter\u00adly reve\u00adnue of $4.8B<\/span> up 49% y\/y; Record full year reve\u00adnue of $16.4B<\/span> up 68%;
\n<\/em>Gross mar\u00adgin expan\u00added and ope\u00adra\u00adting inco\u00adme more than dou\u00adbled from pri\u00ador year \u2015<\/em><\/p>\n

SANTA<\/span> CLARA<\/span>, Calif., Feb. 01, 2022 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced reve\u00adnue for the fourth quar\u00adter of 2021 of $4.8 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $1.2 bil\u00adli\u00adon, net inco\u00adme of $974 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.80. On a non-GAAP(<\/sup>*<\/sup>)<\/sup> basis, ope\u00adra\u00adting inco\u00adme was $1.3 bil\u00adli\u00adon, net inco\u00adme was $1.1 bil\u00adli\u00adon and diluted ear\u00adnings per share was $0.92.<\/p>\n

For full year 2021, the com\u00adpa\u00adny repor\u00adted reve\u00adnue of $16.4 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $3.6 bil\u00adli\u00adon, net inco\u00adme of $3.2 bil\u00adli\u00adon and diluted ear\u00adnings per share of $2.57. On a non-GAAP(<\/sup>*<\/sup>)<\/sup> basis, ope\u00adra\u00adting inco\u00adme was $4.1 bil\u00adli\u00adon, net inco\u00adme was $3.4 bil\u00adli\u00adon and diluted ear\u00adnings per share was $2.79.<\/p>\n

GAAP<\/span> Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nQ4<\/span> 2021<\/strong><\/td>\nQ4<\/span> 2020<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ3<\/span> 2021<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$4,826<\/td>\n$3,244<\/td>\nUp 49%<\/td>\n$4,313<\/td>\nUp 12%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,426<\/td>\n$1,451<\/td>\nUp 67%<\/td>\n$2,086<\/td>\nUp 16%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n50%<\/td>\n45%<\/td>\nUp 560 bps<\/td>\n48%<\/td>\nUp 190 bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$1,223<\/td>\n$881<\/td>\nUp 39%<\/td>\n$1,141<\/td>\nUp 7%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,207<\/td>\n$570<\/td>\nUp 112%<\/td>\n948<\/td>\nUp 27%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n25%<\/td>\n18%<\/td>\nUp 7pp<\/td>\n22%<\/td>\nUp 3pp<\/td>\n<\/tr>\n
Tax valua\u00adti\u00adon allo\u00adwan\u00adce release bene\u00adfit ($M)(<\/sup>1)<\/sup><\/td>\n-<\/td>\n$1,301<\/td>\n-<\/td>\n-<\/td>\n-<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$974<\/td>\n$1,781<\/td>\nDown 45%<\/td>\n$923<\/td>\nUp 6%<\/td>\n<\/tr>\n
Ear\u00adnings per share(<\/sup>1)<\/sup><\/td>\n$0.80<\/td>\n$1.45<\/td>\nDown 45%<\/td>\n$0.75<\/td>\nUp 7%<\/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\n
 <\/td>\nQ4<\/span> 2021<\/strong><\/td>\nQ4<\/span> 2020<\/strong><\/td>\nY\/Y<\/strong><\/td>\nQ3<\/span> 2021<\/strong><\/td>\nQ\/Q<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$4,826<\/td>\n$3,244<\/td>\nUp 49%<\/td>\n$4,313<\/td>\nUp 12%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$2,427<\/td>\n$1,452<\/td>\nUp 67%<\/td>\n$2,087<\/td>\nUp 16%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n50%<\/td>\n45%<\/td>\nUp 560 bps<\/td>\n48%<\/td>\nUp 190 bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$1,103<\/td>\n$789<\/td>\nUp 40%<\/td>\n$1,035<\/td>\nUp 7%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$1,328<\/td>\n$663<\/td>\nUp 100%<\/td>\n$1,055<\/td>\nUp 26%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n27%<\/td>\n20%<\/td>\nUp 7pp<\/td>\n24%<\/td>\nUp 3pp<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$1,122<\/td>\n$636<\/td>\nUp 76%<\/td>\n$893<\/td>\nUp 26%<\/td>\n<\/tr>\n
Ear\u00adnings per share<\/td>\n$0.92<\/td>\n$0.52<\/td>\nUp 77%<\/td>\n$0.73<\/td>\nUp 26%<\/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\n
 <\/td>\nGAAP<\/span><\/strong><\/td>\nNon-GAAP<\/strong>(<\/strong><\/sup>*)<\/strong><\/sup><\/td>\n<\/tr>\n
 <\/td>\n2021<\/strong><\/td>\n2020<\/strong><\/td>\nY\/Y<\/strong><\/td>\n2021<\/strong><\/td>\n2020<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue ($M)<\/td>\n$16,434<\/td>\n$9,763<\/td>\nUp 68%<\/td>\n$16,434<\/td>\n$9,763<\/td>\nUp 68%<\/td>\n<\/tr>\n
Gross pro\u00adfit ($M)<\/td>\n$7,929<\/td>\n$4,347<\/td>\nUp 82%<\/td>\n$7,934<\/td>\n$4,353<\/td>\nUp 82%<\/td>\n<\/tr>\n
Gross mar\u00adgin %<\/td>\n48%<\/td>\n45%<\/td>\nUp 370 bps<\/td>\n48%<\/td>\n45%<\/td>\nUp 370bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n$4,293<\/td>\n$2,978<\/td>\nUp 44%<\/td>\n$3,877<\/td>\n$2,696<\/td>\nUp 44%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n$3,648<\/td>\n$1,369<\/td>\nUp 166%<\/td>\n$4,069<\/td>\n$1,657<\/td>\nUp 146%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting margin %<\/td>\n22%<\/td>\n14%<\/td>\nUp 8pp<\/td>\n25%<\/td>\n17%<\/td>\nUp 8pp<\/td>\n<\/tr>\n
Tax valua\u00adti\u00adon allo\u00adwan\u00adce release bene\u00adfit ($M)(<\/sup>1)<\/sup><\/td>\n-<\/td>\n$1,301<\/td>\n-<\/td>\n-<\/td>\n-<\/td>\n-<\/td>\n<\/tr>\n
Net inco\u00adme ($M)<\/td>\n$3,162<\/td>\n$2,490<\/td>\nUp 27%<\/td>\n$3,435<\/td>\n$1,575<\/td>\nUp 118%<\/td>\n<\/tr>\n
Ear\u00adnings per share(<\/sup>1)<\/sup><\/td>\n$2.57<\/td>\n$2.06<\/td>\nUp 25%<\/td>\n$2.79<\/td>\n$1.29<\/td>\nUp 117%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n
(1)<\/td>\nThe fourth quar\u00adter of 2020 included an inco\u00adme tax bene\u00adfit of $1.3 bil\u00adli\u00adon asso\u00adcia\u00adted with a valua\u00adti\u00adon allo\u00adwan\u00adce release which con\u00adtri\u00adbu\u00adted $1.06 per share to EPS<\/span> for Q4<\/span> 2020 and $1.07 per share to EPS<\/span> for FY<\/span> 2020 on a GAAP<\/span> basis.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u201c<\/span>2021 was an out\u00adstan\u00adding year for AMD<\/span> with record annu\u00adal reve\u00adnue and pro\u00adfi\u00adta\u00adbi\u00adli\u00adty,\u201d said AMD<\/span> Pre\u00adsi\u00addent and CEO<\/span> Dr. Lisa Su. \u201cEach of our busi\u00adnesses per\u00adfor\u00admed extre\u00adme\u00adly well, with data cen\u00adter reve\u00adnue doubling year-over-year dri\u00adven by gro\u00adwing adop\u00adti\u00adon of AMD<\/span> EPYC<\/span> pro\u00adces\u00adsors across cloud and enter\u00adpri\u00adse cus\u00adto\u00admers. We expect ano\u00adther year of signi\u00adfi\u00adcant growth in 2022 as we ramp our cur\u00adrent port\u00adfo\u00adlio and launch our next gene\u00adra\u00adti\u00adon of PC<\/span>, gam\u00ading and data cen\u00adter products.\u201d<\/p>\n

Q4<\/span> 2021 Results<\/strong><\/p>\n