The Red team has made a quarterly revenue of $3.24B up 53% year-over-year; Full year revenue of $9.76B up by 45%
AMD is setting some new industry standards and proving why it’s the safest place for investment now. We knew AMD would post strong Q4 revenue results, and it did so but much better than expected, thanks to the strong demand in every segment of their business.
From High-Performance Computing to Gaming CPUs, from powering the new Xbox Series consoles & Sony PS5s to Datacenter computing, AMD is everywhere. This is why the company has posted a whopping $3.24 billion revenue in Q4 2020, with an operating income of $570 million, net income of $1.78 billion, and diluted earnings per share of $1.45.
Whereas in the total year of 2020, AMD has reported $9.76 billion, operating income of $1.37 billion, net income of $2.49 billion, and diluted earnings per share of $2.06. This performance year-over-year shows AMD’s promising performance in the Silicon Valley.
“We significantly accelerated our business in 2020, delivering record annual revenue while expanding gross margin and more than doubling net income from 2019,” said Dr. Lisa Su, AMD president, and CEO.
“Our 2021 financial outlook highlights the strength of our product portfolio and robust demand for high-performance computing across the PC, gaming, and data center markets. We are excited about the opportunities ahead and very confident in our long-term strategy as we continue executing our leadership product roadmaps.”
Breaking the total revenue, a chunk of revenue came from the computing and Graphics segment revenue that was $1.96 billion, up by 18% year-over-year, and strong sales of Ryzen processors primarily drive quarter-over-quarter.
Whereas their Enterprise, Embedded, and Semi-Custom segment recorded a revenue of $1.28 billion, up 176% year-over-year and 13%quarter-over-quarter driven by higher semi-custom and EPYC processor sales. These numbers could be permanent as the demand for consoles and server CPUs will increase even more with time.
AMD also has predicted a $3.2 billion revenue, plus or minus $100 million, in the first quarter of 2021. Whereas for the full year 2021, AMD expects revenue growth of approximately 37% over 2020, driven by growth in all businesses.
via AMD
