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Jun 27, 2020
AMD Q2 2020 Earnings Report
AMD reported strong second-quarter results, driven by Ryzen and EPYC processor sales, with revenue up 26% year-over-year.
Key Takeaways
AMD's second-quarter results showed significant growth, with revenue reaching $1.93 billion, a 26% increase year-over-year. This growth was primarily driven by strong sales of Ryzen and EPYC processors. The company raised its full-year revenue outlook, anticipating further growth in multiple markets.
Revenue was $1.93 billion, up 26% year-over-year, driven by higher Computing and Graphics segment revenue.
Gross margin was 44 percent, up 3 percentage points year-over-year, driven by Ryzen and EPYC processor sales.
Operating income was $173 million, compared to $59 million a year ago.
Diluted earnings per share was $0.13, compared to $0.03 a year ago.
Forward Guidance
For the third quarter of 2020, AMD expects revenue to be approximately $2.55 billion, plus or minus $100 million, an increase of approximately 42 percent year-over-year and 32 percent sequentially. AMD expects non-GAAP gross margin to be approximately 44 percent.
Positive Outlook
- Revenue to be approximately $2.55 billion, plus or minus $100 million.
- Increase of approximately 42 percent year-over-year.
- Increase of 32 percent sequentially.
- Increases are expected to be primarily driven by Ryzen and EPYC processor sales and next generation semi-custom products.
- Non-GAAP gross margin to be approximately 44 percent.
Historical Earnings Impact
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