AMD Q2 2021 Earnings Report
Key Takeaways
AMD reported exceptional second-quarter results with significant year-over-year growth in revenue, operating margin, and profitability. The company's performance exceeded expectations, driven by robust demand across all business segments.
Revenue increased 99 percent year-over-year.
Gross Margin expanded to 48 percent.
Operating income was $831 million compared to $173 million a year ago.
AMD now expects its 2021 annual revenue to grow by approximately 60 percent year-over-year.
AMD
AMD
AMD Revenue by Segment
Forward Guidance
For the third quarter of 2021, AMD expects revenue to be approximately $4.1 billion, plus or minus $100 million, an increase of approximately 46 percent year-over-year and approximately 6 percent quarter-over-quarter. AMD expects non-GAAP gross margin to be approximately 48 percent in the third quarter of 2021. For the full year 2021, AMD now expects revenue growth of approximately 60 percent, and non-GAAP gross margin to be approximately 48 percent.
Positive Outlook
- Revenue to be approximately $4.1 billion, plus or minus $100 million.
- Increase of approximately 46 percent year-over-year.
- Increase of approximately 6 percent quarter-over-quarter.
- Year-over-year increase is expected to be driven by growth across all businesses.
- AMD expects non-GAAP gross margin to be approximately 48 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income