Loading...
•
Mar 27, 2021
AMD Q1 2021 Earnings Report
AMD's first quarter 2021 financial results were announced, featuring significant revenue and income growth.
Key Takeaways
AMD reported a strong first quarter in 2021, with revenue up 93% year-over-year to $3.45 billion. Net income tripled, reaching $555 million, and EPS also tripled year-over-year to $0.45.
Revenue increased by 93% year-over-year, reaching $3.45 billion.
Net income tripled year-over-year, amounting to $555 million.
Diluted earnings per share (EPS) tripled year-over-year, reaching $0.45.
Data center revenue more than doubled compared to the previous year.
AMD
AMD
Forward Guidance
AMD expects revenue to be approximately $3.6 billion, plus or minus $100 million, an increase of approximately 86 percent year-over-year and 4 percent quarter-over-quarter. AMD expects non-GAAP gross margin to be approximately 47 percent in the second quarter of 2021. For the full year 2021, AMD now expects revenue growth of approximately 50 percent over 2020.
Positive Outlook
- Revenue to be approximately $3.6 billion, plus or minus $100 million.
- An increase of approximately 86 percent year-over-year.
- An increase of approximately 4 percent quarter-over-quarter.
- Year-over-year increase is expected to be driven by growth in all businesses.
- Non-GAAP gross margin to be approximately 47 percent.