AMD Q3 2021 Earnings Report

AMD reported record revenue with significant growth in data center sales.

Key Takeaways

AMD announced strong Q3 2021 results, with revenue increasing by 54% year-over-year to $4.3 billion. Operating income doubled, driven by higher revenue in both the Computing and Graphics segment and the Enterprise, Embedded and Semi-Custom segment. The company's growth was fueled by leadership products and consistent execution.

Revenue was $4.3 billion, up 54% year-over-year and 12% quarter-over-quarter.

Gross margin was 48%, up over 400 basis points year-over-year.

Operating income was $948 million, compared to $449 million a year ago.

Diluted earnings per share was $0.75, compared to $0.32 a year ago.

Total Revenue

$4.31B

Previous year: $2.8B

+54.0%

EPS

$0.73

Previous year: $0.41

+78.0%

Gross Profit

$2.09B

Previous year: $1.23B

+69.6%

Cash and Equivalents

$2.44B

Previous year: $1.3B

+88.3%

Free Cash Flow

$764M

Previous year: $265M

+188.3%

Total Assets

$11.2B

Previous year: $7.02B

+58.8%

AMD

AMD Revenue by Segment

Forward Guidance

For the fourth quarter 2021, AMD expects revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately 39 percent year-over-year and approximately 4 percent quarter-over-quarter. AMD expects non-GAAP gross margin to be approximately 49.5 percent in the fourth quarter 2021.

Positive Outlook

Revenue to be approximately $4.5 billion, plus or minus $100 million.
Increase of approximately 39 percent year-over-year.
Increase of approximately 4 percent quarter-over-quarter.
Year-over-year increase is expected to be driven by growth across all businesses.
The quarter-over-quarter increase is expected to be driven by higher server and semi-custom revenue.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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