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Jun 25, 2022
AMD Q2 2022 Earnings Report
AMD achieved record quarterly revenue driven by strong execution and an expanded product portfolio.
Key Takeaways
AMD reported record quarterly revenue of $6.6 billion, a 70% year-over-year increase. Growth was seen across all segments, including the inclusion of Xilinx revenue. The company's non-GAAP earnings per share reached $1.05, up from $0.63 in the prior year.
Revenue of $6.6 billion increased 70% year-over-year.
Gross margin was 46%, a decrease of 2 percentage points year-over-year.
Non-GAAP operating income was $2.0 billion, or 30% of revenue.
Non-GAAP diluted earnings per share was $1.05 compared to $0.63 a year ago.
Revenue by Segment
Forward Guidance
AMD expects revenue to be approximately $6.7 billion, plus or minus $200 million for Q3 2022. AMD expects non-GAAP gross margin to be approximately 54% in the third quarter of 2022. For the full year 2022, AMD continues to expect revenue to be approximately $26.3 billion, plus or minus $300 million. AMD continues to expect non-GAAP gross margin to be approximately 54% for 2022.
Positive Outlook
- Revenue to be approximately $6.7 billion, plus or minus $200 million for Q3 2022.
- Increase of approximately 55% year-over-year led by growth in the Data Center and Embedded segments.
- Non-GAAP gross margin to be approximately 54% in the third quarter of 2022.
- Revenue to be approximately $26.3 billion, plus or minus $300 million for full year 2022.
- Increase of approximately 60% over 2021 led by growth in the Data Center and Embedded segments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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