AMD Q1 2022 Earnings Report
Key Takeaways
AMD reported record first quarter revenue of $5.9 billion, a 71% increase year-over-year, driven by higher revenue in the Computing and Graphics and Enterprise, Embedded and Semi-Custom segments, and the inclusion of Xilinx revenue. Non-GAAP gross margin was 53%, and non-GAAP operating income was $1.8 billion. The company's increased full-year guidance reflects higher AMD organic growth and the addition of the growing Xilinx business.
Revenue of $5.9 billion was up 71% year-over-year and 22% quarter-over-quarter.
Non-GAAP gross margin was 53%, an increase of 7 percentage points year-over-year.
Record non-GAAP operating income was $1.8 billion, up 141 % year-over-year.
Record non-GAAP diluted earnings per share was $1.13, up 117% year-over-year.
AMD
AMD
Forward Guidance
For the second quarter of 2022, AMD expects revenue to be approximately $6.5 billion, plus or minus $200 million, an increase of approximately 69% year-over-year. AMD expects non-GAAP gross margin to be approximately 54% in the second quarter of 2022.
Positive Outlook
- Revenue expected to be approximately $6.5 billion, plus or minus $200 million.
- Increase of approximately 69% year-over-year.
- Driven by the addition of Xilinx and higher server, semi-custom and client revenue.
- Quarter-over-quarter increase is expected to be primarily driven by Xilinx and higher server revenue.
- AMD expects non-GAAP gross margin to be approximately 54%.